Oil is nearly unchanged. We begin with janet general on the hymn, day one of congressional testimony. The market awaits any change in Interest Rate policy. Disney and time warner both report earnings but fail to catch a bid. Yes, earnings were beat. Most stocks sharply lower. Well fill you in. Trumpsanders taking the state t. Race moves on to South Carolina and nevada. But first up, were less than an hour away from generals spy annual testimony on the economy and Monetary Policy. This morning, shell appear before the House Financial Services committee. Tomorrow, of course, the Senate Banking committee. In her prepared remarks, she says financial conditions have recently become less supportive of growth and a lower path of fed funds rate would be appropriate if the economy were to disappoint. But she adds, she still sees moderate growth ahead 245 would allow the fed to pursue gradual rate increases. We will bring you live coverage at 10 00 a. M. Eastern. She talks about slack in the lab
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.
Decision to overturn his ban that was supposed to go in Effect Tomorrow limiting the sale of soda sugary drinks. He says he will prevail on appeal. He thinks the judge made the decision in error, right now drink up, you can have drinks larger than 16 ounces. Pete can is sighing in relief. Thank you, courtney. Pete, kick it off. A big gulp of blackberry. Giddyap, dogs. Its going higher. If its good enough for the tweeter james, then its good enough for the final trade. Thats great. Grasso . Id like to finish off where i started, micron, theres been price targets on this upwards of 13. Stay on the micron train. And who won the street fight, i wonder . According to twitter, i think it was tim. It was tim. It was tim. See you tomorrow, back here again at 5 00. Meantime, stay right there. Right now stay right there. Mad money, jim cramer starts right now. Mad money, jim cramer starts right now. Im jim cramer and welcome to my world. You need to get in the game. Firms are going to go out of
and your money. the dow recovering from a more than 200-point drop yesterday. investors waiting for the jobs number tomorrow. cramer s been looking through all the charts. jpmorgan s chairman and ceo jamie dimon warning of a scary and volatile market. this pepsi soda buyout rum r rumor. blue chips closed below 15,000 for the first time in a month. like the nasdaq and s&p, finished the session at one-month lows. today futures are rising on a morning in which jobless claims fell by 11,000 as we brace for the jobs tomorrow. the b of e and ecb leaving rates unchanged. draghi says in a news conference the central bank s monetary policy will remain accommodative as long as necessary. a lot of people saying the market is positioned short going into the jobs number tomorrow and that there may be a little bit of a bounce over the next session or two. i think that we re in kind of a busy dar moment that we re very oversold. the most oversold we ve been since november of 2011. w