Switch shares up about 24 this afternoon. Well look at whether that treasury move could help juice the market for ipos coming up. Meanwhile, the new blade runner sequel hits theaters this weekend were going to look at whether this film can revitalize the struggling box office. Lot of fingers crossed in hollywood here as they bring Harrison Ford back one more time. Well see. Good luck. Hope it works. Lets begin today with a jobs report, though. Eyeopening number hs this morning. Our senior economics reports Steve Liesman joins us from austin with a breakdown of those numbers. Steve . Reporter yeah, bill, you had to cast your eyes down on this number here. But whats happening right now is people are really throwing out the weak number on the top line and looking to the details of the report and they find strength here. Let me show you what theyre talking about here the top line number minus 33,000 quite a bit below the 80,000 estimate you have the revisions to the prior months which were
Via run that story. White House Communications director Anthony Scaramucci says hes going to take drastic action to stop leaks from coming from within the white house. You hear about that. And the democrats rebranding themselves as the top people ahead of the midterm elections. Senate majority leader Chuck Schumer says government is enforcing economic plan with the average american is far too long. It sounds like terms campaign, does it not . Another day for politics and money. Varney company starts right now. I wish we could repeal the whole thing. Or the Senate Republican leadership plan which does not repeal obama cared, but it really is a forecastle all kinds of Government Programs and government spending. I think its become the kitchen sink throwing money and for anybody that can buy off to get on the bill. Ashley in other words, i hated all. Kentucky senator rand paul on maria bartiromos show yesterday. By the way, our last look at capitol hill. A couple weeks before Congress Wan
75 . And the stand poors down 10 points. Red arrows on wall street. Red sectors in the lead on the downside. Bob, what was it all about . The important thing is, a little bit of fed speak and a little bit of Economic News that didnt add up for anything positive overall thank you, william. Getting ice cream from william here. Lets look at the key point here. A couple of fed speakers will lockhart said the fed could begin tapering anytime this year. Mr. Evans in chicago would not rule out a september tapering. That was interesting, because hes a big it may have weighed on the market. It came out in the middle of the day. Overall, more technical in nature what was happening, maria. The market leaders looked tired. Biotech and the homebuilders and the transports. Theres been a high level of complacency with the vix very low. And the u. S. Outperforming the world for months and months, and that will continue, because the economic numbers are still pretty good overall. The trade deficit, nar
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