What am i talking about . As you might expect, not a great deal of Market Reaction. This came out as expected across the board. The only big surprise was in manufacturing, 15,000 manufacturing jobs which is three times what was expected. It is a rounding error. The 215 even though thousand number was lower than what economists expected, the previous number was revise higher. It was a net increase of 14,000. Those looking for an Interest Rate increase in september probably got what they wanted. Erik the action has been in twoyear treasuries. Now,73 basis points right in excess thats where people are pricing in the september rate hike. The fed funds future shows a probability of about 60 that we will see a rate moved by the fed in september which is next month. They have their meeting on the 1516th. Probabilityied based on fed funds futures was almost zero in the middle of july. Scarlet so it depends on how much it moves. Erik its more or less as expected but healthy job growth helping t
That the ecb is continuing crude getting a nice bid on the iran conversation. Looking at the banks, bank of america up 6 10 of 1 . Wells fargo unchanged. It feels like a really solid quarter for bank of america on earnings. It was the Consumer Banking unit that felt really good. Loans and deposits were up. They werely only at 834 million. David it looks very solid but we looked back to yesterday and thought citi and jpmorgan were doing well and they turned over. Alix fic was down 22 . Is the focus for banks turning to consumer loaning, which will make wells fargo allimportant . We want to turn to Michael Mckee with a very special guest. Michael good morning. Washington federal and Eric Rosengren joins us on the boston fed annual Monetary Policy conference. A special welcome to the Bloomberg Television and radio listeners, particularly those on one of 6. 1 fm in boston. Thank you for joining us 106. 1 fm in boston. Thank your for joining us. Nice to have you in boston. Michael we know h
Agenda targeting what they call corporate monopolies and apple and the rock, what that Partnership Means for the future of content well start with earnings. The heaviest week of earnings season begins this week. 13 dow components. 180 companies are set to report. You can see the list right there beginning with google but all week long, mcdonalds, caterpillar, three of the fang names are this week alone. This is a week where it is one of those where i urge people to understand, its going to happen so fast you cant keep track of them. There are some, tomorrow morning, caterpillar, mcdonalds, wednesday night facebook is going to be gigantic because people have been buying that stock endlessly were coming into a week where the large cap stocks have almost all been up. Talking about united health. They were terrific if you get the same thing youll break out here you will break out only wednesday when the fed announces its bond disposal it stands in the way of what i think could be pretty fo
Remains oh so elusive. Show never money. Paychecks grew the most in seven years. And stay slim. How he hopes his bracelets will cause sharks not to take bait. All that and more for friday, january 6th. Good evening. A triple play on wall street with all three indexes hitting new highs after todays jobs report. Well have more on that in a couple moments the s p 500 came close to that 20,000 mark. It was just a third of a point away. To put that into perspective, the index was 5 cents, yep, one nickel away from that 20,000 milestone. In the end, the dow couldnt break free and had to settle for the intra day high. The dow rose 64 points. The nasdaq rose 3. The s p 500 added about 8. No 20,000 but we did get a triple day. What moved us up today, two group thats were strong after the election but have lagged recently. Jcpenney and boeing and the united technologies. One disappointment, oil stocks. The report of that terrible shooting at ft. Lauderdale airport mid afternoon did not cause any
Remains oh so elusive. Show never money. Paychecks grew the most in seven years. And stay slim. How he hopes his bracelets will cause sharks not to take bait. All that and more for friday, january 6th. Good evening. A triple play on wall street with all three indexes hitting new highs after todays jobs report. Well have more on that in a couple moments the s p 500 came close to that 20,000 mark. It was just a third of a point away. To put that into perspective, the index was 5 cents, yep, one nickel away from that 20,000 milestone. In the end, the dow couldnt break free and had to settle for the intra day high. The dow rose 64 points. The nasdaq rose 3. The s p 500 added about 8. No 20,000 but we did get a triple day. What moved us up today, two group thats were strong after the election but have lagged recently. Jcpenney and boeing and the united technologies. One disappointment, oil stocks. The report of that terrible shooting at ft. Lauderdale airport mid afternoon did not cause any