Welcome, everybody, to power lunch. Im tyler mathes the win streak for the s p is clearly in jeopardy on this friday, this jobs day. Mornings job report, the s p, six record closes inthe row. The longest streak since way back in the clinton era, 1997. Financials, the best for forming sector today xlf hitting the tenyear high. The move could be a result of the treasury treasury today recommending looser Financial Market controls repealing sections of the dodd frank act and biotech is on the move with the ipb hitting nearly 2. 5 for the week speaking of highs, netflixs alltime high after it announced price hikes yesterday. Costco surprisingly the worst performer in the s p 500 it is rarely that. But it did report a drop in Profit Margins and that will do it, pete. Michelle the stock is getting hit hard, but we begin with the jobs report 33,000 jobs lost last month. The hurricanes being blamed for the first monthly decline in seven years. So should investors just throw the report away . S
Confirmed it has contacted the swiss banks management and says it will unveil its plans shortly. According to the financial times, rdr is hoping to tap into the Turnaround Program, a look at the stock this morning, up nicely to the tune of 2 . Credit suisse issued this response to cnbc saying while we welcome the views of all our shareholders, our focus is the implementation of our strategy which is well on track karen has been talking about this story all morning long. I want to continue that discussion with her. Im a bit flabbergasted by this. This is a share holder who holds 0. 2 of shares, not a big fish do you think hell have any success here hes an interesting character and has a track record he was trying to educate for higher share prices in other companies, and is involved in gama, he is taking on a bigger fish with Credit Suisse. When you think about who is also on the share registgisteregistee harris associates, they are a hedge fund that wants a stronger return, even though