Month well below the forecast of 200k and the Unemployment Rate falling threetenths of a point but the decline was largely as a result of people, jim, who are leaving the workforce. Right. You called it an outlier a few moments ago. Outlier, but one thing i learned about the numbers is when you get an outlier, the market still trades off it. We can i say dismiss it and throw it away, bonds are soaring and Interest Rates are down. Maybe were in a bad news is good news moment because Interest Rates will come down. The last few mortgage numbers have been okay. The refis are bad. This is helpful for housing. But if we dismiss this number, then we should dismiss the 300,000 numbers. You cant play that game. You cant decide, you know, this number ill throw away. Its a real number and its a bad number. Well talk to secretary perez later in the area. The Participation Rate and the loafest since 1978 and the seasonal quirks, january, february can be weird. Not to excuse the number. No, no. Abso
Low, but biggest since 1999. Amazing what booms are doing. Modest jump in europe. Road map begins with macys missing by 6 cents, and the ceo is optimistic about the futures saying customers are not. The full year profits lower than last year, well tell you why. King digital shares down in the premarket and earnings match spoiled by some lower revenue and guidance. And amazon quietly taking on paypal and square with the credit card reader for instore purchases. All right. Signs consumers are tightening their belts. Sales come in below expectationexpectation, and macys has orders of 80 cents a share, a miss, and retearer reduced full year comp Sales Guidance because growth in q2 failed to make up for the short fall in q2. They see comps 2 to 3 versus 4 for this quarter, jim, and any customers still not comfortable about spending more in an uncertain economic environment. Before we are negative on macys, the Conference Call has been pied piper like. The ceo called people back. I want to t
The public disagreement within the Federal Reserve over what it should do next. We have all that and more on the nightly Business Report for friday, october 17th. Good evening, everyone, and welcome. Rarely in recent years has the friday been so welcome on wall street. And this thankfully for the most part was a friday of healing for stocks after a week that laid bare practically every one of the markets vulnerabilities. Today, the Dow Jones Industrial average ended a sixday losing streak, a slide marked by the kind of turbulence that investors had not seen in years. It shot up, pushed by strong earnings, good Economic News and fierce rally overseas in european stocks. All 30 dow blue chips ended in the green, the nasdaq gained 40 s ps, fourth week in a row of losses, the dow fell a percent, the nasdaq down a half percentage point, the s p lost a percent. By the way, for the tenyear treasury it took a Magical Mystery Tour for its own this week before ending with a yield of 2. 2 , where
Oil lower and baker hughes. Searching for some green on the board, which we always do here on countdown to the closing bell. Technology for once the only s p sector today moving higher. Its been a a real downer over the past couple of months but right now apple is charging forward, up nearly 3 as anticipation for the mini ipad because you know, we all upgraded to the ipad 3, which youre not supposed to call the ipad 3. Now we need the mini ipad. The anticipation continues to build this week. When will they unveil it . Wwll it be the day they come out with earnings . Thats thursday. Lets get right to the floor show. Traders at the new york stock exchange, cme group and the nymex. Kenny, friday you and i talked about how what might we see this week. We see this follow through with the losses today but with the nasdaq down just 3 points, im thinking it was down 67 points on friday, how worried are you about tomorrow . What do you think . Heres what i think this morning and i said it to yo
The public disagreement within the Federal Reserve over what it should do next. We have all that and more on the nightly Business Report for friday, october 17th. Good evening, everyone, and welcome. Rarely in recent years has the friday been so welcome on wall street. And this thankfully for the most part was a friday of healing for stocks after a week that laid bare practically every one of the markets vulnerabilities. Today, the Dow Jones Industrial average ended a sixday losing streak, a slide marked by the kind of turbulence that investors had not seen in years. It shot up, pushed by strong earnings, good Economic News and fierce rally overseas in european stocks. All 30 dow blue chips ended in the green, the nasdaq gained 40 s ps, fourth week in a row of losses, the dow fell a percent, the nasdaq down a half percentage point, the s p lost a percent. By the way, for the tenyear treasury it took a Magical Mystery Tour for its own this week before ending with a yield of 2. 2 , where