Positive things in the jobs report as well. S p up 0. 2 now, but of stocks making big moves on good news, including lululemon, up 8. 5 on analyst comments. Conagra, even though it got a downgrade and started the day lower, is up 0. 6 now. Guy lets get some insight on todays payroll number. It wasnt a headline level miss, but it kind of felt like pretty much what the market was looking for. With us is ira jersey. Ira, did todays number change anything . Ira i dont think it changed much. Like you mentioned, it was really a mixed bag. The number of hours worked, as well as hourly average earnings, was ok. When you look at what i call the paycheck of the economy, the some product of all of those the sum product of all of those things, it is higher than it was last month. Not much, but maybe we are stabilizing here considering average wages were falling for the bulk of the year so far. Vonnie larry kudlow mentioned that in terms of wages, we are now 4 plus over the last three months. Im won
Massive drawdown, though. With more than the market was looking for. Crude rising. It had been higher on anticipation of a drawdown, but spiking just a little bit more right now. Refinery utilization just a little less than expected, down 0. 4 . Distillate inventories was a drawdown of 2. 5 million barrels. The market was looking for a build. Once again, in line with analyst expectations more than they have been, but still, more of a drawdown then we were looking for, and that is causing prices to rise. Elsewhere in the u. S. , stocks rising, with the dow up 1. 7 , the s p 500 up 1. 4 right now. The Advertising Company ipg is , the highest performer in the s p 500. The stoxx index up on china headlines. A nice outlook for semiconductors if things get stabilize between the u. S. And china. At offshore yuan trading 7. 14 and change. Guy it is a decent move. Lets talk about what is happening with the brexit story in a little more detail. U. K. Prime minister Boris Johnson set to speak are
That final tally 52 votes to leave, 48 to stay. David cameron was on the wrong side of that outcome and he announced hell step down as Prime Minister by october. The british people have made a very clear decision to take a different path. And as such, i think the country requires fresh leadership to take it in this direction. I will do everything i can as Prime Minister to steady the ship over the coming weeks and months, but i do not think it would be right for me to try to be the captain that steers our country to its next destination. On the flip side uk independent leader nigel farag jubilant. Dare to dream that the dawn is breaking on independented United Kingdom. Let june 23rd go down in our history as our Independence Day [ cheers and applause ] obviously very big questions, jim, being asked about globalism and nationalism, but on a shortterm basis, on a today basis, do you go shopping . Well, look, theres a couple things we have to keep track of down 7 , we get the trading halt
This bill passes. Without it, my daughter could die from seizures. Look at her face. Tell me, senator heller, what am i supposed to do . Meanwhile, lawmakers are coming facetoface with their constituents for the First Time Since the Senate Republicans effort to repeal and replace obamacare. Heres how republican senator bill cassidy responded as a town hall in louisiana yesterday when pressed on whether he will vote for the bill. By kicking off their health care, thats cruel, sir. I think what you need to do as a louisianian is go back to washington, d. C. And stand up for the people here and saying we need our health care. I am doing my best to make sure that we continue coverage, care for those with preexisting conditions, eliminate mandates, and lower premiums. Senate Majority Leader Mitch Mcconnell is pushing back against President Trumps proposal to repeal obamacare now and then replace it down the road. He told reporters after an event in kentucky last night, the republicans are g
Andrew McCarthy s new doc looks past the Brat Pack brand to its cultural impact. Actor, writer and director Andrew McCarthy says penning his 2021 memoir, Brat, helped him process his resentment over how his generation of successful young actors were unfairly and unflatteringly labeled the "Brat Pack" in the 1980s.