Has had with lawmakers this week. This is what he said in the last hour. We cant do too much here. We can do too little. We can do too little and sputter. The end result is, its not just a Macro Economic impact on the economy and our ability to compete internationally. Its peoples lives. Real live people are hurting. We can fix it. We got the first jobs report out under President Biden. Its a better report than december. Overall though, we have a long way to go. 49,000 jobs were added last month. The Unemployment Rate fell to 6. 3 in january. We will take a closer look in moments. I want to start with the action in the capitol. We have monica alba at white house, jo ling kent with the jobs report and leigh ann caldwell. President biden will deliver economic information later this hour. What can you tell us about the president s economic focus today . Its the first event, the fact that the white house is having these coronavirus briefings now three times a week from Health Experts and o
Potential progress on trade between the u. S. And china liftednvestor sentiment. Lets get to the closing numbers. Averagejones industrial was 30 points, to 27492. E nasdaq up 1 and the s p fell 3. As weve been reporting a handful of stocks are responsible for much of the market gains. But as bob pisani reports that could be about to change. The on the record highs weve been riding a broader breakout that may be near. Onlyth 10 o s p at new highs right now. Six of the seven biggest stocks s p outperforming, apple, amaze be with google parent alphabet but that could be changesing. A handle handful of names are just below new highs close enou to get mor move up in the markets we could have significant expansion of new highs. Big names on the list, pharmaceutical Companies Like glaks o and merck. Discounters lie walmart. Homempvement by home depot and home kprochlt names names. The rally Energy Stocks in the last few days process. Why energy . Partly because the rally has been broadening.