And school just ended, but amazon wants parents thinking already about backtoschool shopping. How prime day might now start this unofficial season. But first our top story. U. S. Employers sharply stepped up hiring in june, adding 224,000 jobs. While companies faced the uncertainty of trade tensions and inflation remains below the feds goal, the hiring gains in june provide a solid backdrop for consumer spending. Employment within the u. S. Technology sector increased by more than 56,000 jobs during the First Six Months of 2019. This is according to analysis by a Technology Industry association. The Unemployment Rate for i. T. Occupations, 1. 5 , compared to the overall Unemployment Rate of 3. 7 . Joining me now, the ceo of a private investment firm, and bloombergs max chafkins. Nadine, let me start with you. These are very good numbers. 1. 5 unemployment within the tech sector. That is lower than the broader average. Do you assume that hiring remains robust Going Forward . Nadine than
Rest of the industry . And school just ended, but amazon wants parents thinking already about backtoschool shopping. How prime day might now start this unofficial season. But first our top story. U. S. Employers sharply stepped up hiring in june, adding 224,000 jobs. While companies faced the uncertainty of trade tensions and inflation remains below the feds goal, the hiring gains in june provide a solid backdrop for consumer spending. Employment within the u. S. Technology sector increased by more than 56,000 jobs during the First Six Months of 2019. This is according to analysis by a Technology Industry association. The Unemployment Rate for i. T. 1. 5 , compared to the overall Unemployment Rate of 3. 7 . Joining me now, the ceo of a private investment firm, and bloombergs max chafkins. Nadine, let me start with you. These are very good numbers. 1. 5 unemployment within the tech sector. That is lower than the broader average. Do you assume that hiring remains robust Going Forward . N
The dow is going up another, what, 140 points plus when trading begins today. Its another big gain for the dow. Also for the s p. Look at it go, up another 17. The nasdaq, that looks like its going to be up another 1 . The win with mexico and the feds likely rate cuts, thats whats driving this thing. So, too, is the news early this morning that Small Business confidence has come roaring back to historic highs. That survey was taken in may, when everyone had the jitters about trade wars. Small business ignored the noise. They are investing, theyre selling and theyre hiring. All good stuff. Theres also this. Gas prices are tumbling. The National Average is down to 2. 73 and falling fast. That is another shot in the arm for the economy. I think its helping the market as well. Watch out, iowa. Here comes the president and his current leading challenger, joe biden. Looks like a setup for the 2020 election. Iowa farmers will be listening to mr. Trump after his win with mexico. Joe biden will
Fivemonth wing strning streak o far. Its the busiest week of earnings season with more than 160 s p 500 constituents reporting. Merck, pfizer, uber, jetblue, marriott, caterpillar. Weve got a lot of different earnings reports to get to this morning. I mentioned caterpillar. It did top estimates also lower sales and potentially tighter margins in the Third Quarter. The companys ceo will join us later. That is just the bearish they had a great number. Well talk about the fact that they dont even have enough product. The bears like to get to it very early. This is routine. They did it before they took the stock down from 230 all the way down to 206. Jim, what we spoke listen, the bears didnt know what they were doing then the stock went straight up to 265 im absolutely happy to deal right at the front. 2 top line revenue growth, 22 . Thats called good. I didnt mean to get right into im not disputing its good it is good the only question is whether or not the stock has already accounted fo
Incredible month where you saw stocks continue to climb add that to year to date dow up 7. 3 . The s p up 19. 5 the nasdaq is up a whopping 37 . Lets put that in historic context. The year to date, you were talking about the nas ddaq with the best first months since 1975 held on to gains gave some back in the second past of the year up 30 by the end of the year. If you look at the s p, up 19. 5 . That is the best performance since the beginning of 1997. That year, s p up 28 . It ended up 31 . Adding to gains, mike, throughout the things. You look at this and look back the pattern in history is that markets that are consistently strong with five months up in the s p 500 happens in the context of generally continuing uptrends. It is not a fluke. That being said, it has happened eight times in the last decade it happened 40 since 1949 the dow was up 100 points in the last minute of trading yesterday. A lot of stuff that gets done at month end. In general, the market has answered most of t