Confidence number in 11 years. Thats how the market rebounded. Climbing 191 points s p vaulting 1. 34 and nasdaq 1. 39 . Yep, you needed to see oil stabilize. Buy buy buy. And see the consumer final recognize that gasoline is not going back to 4 and change any time soon. To encourage buyers to take advantage of the incredible bargains that this seemingly endless selloff has created. It doesnt hurt that for a day we didnt get earnings disappoints, a bunch of regional banks last managed to not stink up the joint with their awful numbers. And the oil service giant made us feel its not the end of the world for its clients. We know the market is only as good as the last company has spoken and thats why the game plan for next week is more important than ever the brief res pit or the start of Something Real that we certainly deserve. Lets start with monday. Its Martin Luther king day. Markets are closed monday but rest of the world rages on. I think were going to have significant numbers come
At 2. 664 and europe is back to work and largely mixed. Our road map, the jobs number, payrolls above consensus. The Unemployment Rate dives to the 5. 5 year low. Watch the participation, rate, wages, more americans drop out of the work force in april. Pfizer raising its bid to try to buy astrazeneca. Astrazeneca says a few hours later no thank you. Astrazeneca shares trading below the offer price. Pfizer may need to raise a bit more. Were going to have a lot more. Upbeat morning for internet stocks. Linkedin, open table, expedia beat. A miss for chevron, profit dropping 27 on lower production. J. Crew going budget friendly. Can cheaper sweaters boost sales without diluting the brand . First up, though, lets tackle the jobs number, 288. The Unemployment Rate at 6. 3 , thats the lowest since 2008. People are wondering how this is possible, though, with the labor force decline like we had, jim. 62. 8 is the lowest since december of 2013. Yeah. Look, these are hard to rationalize. The 6.
Sichler, earnings per share, that can save them and we need to remember that on these confusing days when the the stocks we once loved are now hated and the ugly have inherited the earth. The house of pain. House of pleasure. With the dow finishing positive, the nasdaq falli falling. 40 . We keep hearing endless prattel about bubbles and the guys on tv and the hedge funds lecture us, most of these people mouthing these have never blown a bubble, let alone trade in one, but they have a myriad of reasons for talking about bubbles. Some are hoping that if one pops they can forever say they predicted it. This is the i told you so mob. I hear from them all of the time like the ones that email me i told you about tesla and would have been canceled by popular disclaim if they had their own shows. Others say i have a bubble about to burst because their funds are so far behind the averages, and they have stocks to cool off, and they can can jawbone them down and i always thought the managers co
Nikkei. Overnight in asia not good. 2 drop wrapping up what is the worst week in three years. Of course concern about china in terms of exports or lack thereof. A look at europe where we also are going to see a good amount of weakness. The follow through as you might expect from here yesterday, a day in which we saw the s p down almost 2 and the nasdaq nasdaq down 3 . Lot more than that. Yeah. Lets get to our road map this morning as you might imagine. Does start with that meltdown if you want to call it that in the markets. Stocks slide around the world. You just saw. Is this the start of a correction . The tip of the spear, jpmorgan profits disappointing. Jamie dimon confident in the american recovery. How will the banks weak results drag on the market and other financials. The flip side wells fargo profits up 14 and those shares are rising. Another bad month for sales at gap. Gap discloses a 6 drop in march samestore sales after a disappointing february. Gross margins taking a hit.
millions of dollars in people s pockets. the dow dropped 19 points, s & b drifting .07% t. nasdaq declining .07%, it s worth discussing what the heck the mysterious winner of the $590 million winner of the powerball competition. hallelujah! and david clark, got billion for selling tumbler to yahoo. they ve come to the right place. this is exactly what i used to do for people when i worked at goldman sachs and my hedge fund and before i went into television and my charitable trust. for those who don t have millions, or hundreds of that just yet, can you learn some very important lessons from this, too. my first stint is that you only need to get rich once. mean tag really wealthy people who are already loaded don t need to risk their money and end up needing to get rich a second time because they lost too much in their investments. second, all we preach diversification within your stock portfolio here at mad money. there is a larger one. there is diversification. of course t