Responsibly. Welcome to surveillance. I am may originated in london. Betterthanexpected jobs data. We have u. S. Stock and bond cash market closed today for labor day. If you are watching in the u. S. , happy labor day. The nasdaq at a record against the s p 500, of course, as well as a record, what blistering momentum we have seen so far this year. It is sustainable is it sustainable . We will discuss that with our guest this hour. In terms of the bloomberg dollar index, a weekly drop in a month. You see a little bit of weakness in oil, but it is heading for a weaker gain. Toois edging higher, not much momentum on this friday, but Global Equities poised to cap their best week in a month at the end of this week. The first wordo news, we have got breaking news, euro area june services pmi coming at 48. 3, so we did get the german pmi coming in better than expected. It is contractionary territory. Europe, betterthanexpected, but still in retraction mary territory. We have also learned th
Drop coming up on todays show, were taking a look at how a number of Different Industries are getting back to work in america. Well talk hotels and travel with the ceo of best western plus, walter rob, the former coceo of whole foods will weigh in on grocery trends and well talk about the state of the consumer lets kick things off with a Broader Market a choppy day to kick off the trading week pretty positive. Right near the session highs as we stand on track for a record close for the nasdaq composite actually kind of a quiet levitation out there the average stock not doing much of anything. Volumes are low. But v but the Growth Stocks are powering higher. You see a one year of the s p 500. Its about a couple weeks ago that the enthusiasm for that reopening really seemed to crest for a little while since then, the old Growth Stocks, if you look at the top of the dow right now, its nike, apple, walmart, visa, microsoft. These are the days when the observation that Great Companies remai
Curfews have lifted in many cities but remain in new york as we go into another weekend of protests. A Record Number of National Guard troops have been deployed. The mayor of washington, d. C. , has asked President Trump to withdraw troops. For what it means i want to bring in abigail doolittle. Talk about the ups and the downs today. Abigail investors squarely focused on the jobs report that came in better than anybody expected. The estimate was for a loss of 7. 5 million jobs. Instead we had an ad of 2. 5 million, which is great news for folks in those new jobs and for the folks who did not lose their job. As for the stock market, of course we had this debate about whether stock should be up so much since the march lows. This Economic Data, you could make the case that stocks have been right. Who was such as myself questioning stock should be high against the real world is wrong although one month does not make a trend. Lets see if that continues. Some say there could be more waves a
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