Want. All that and more tonight on nightly Business Report for thursday, may 8th. Good evening, everyone, wall street today went from sizzle to fizzle. You may not know it from todays closing numbers but the dow was up triple digitals even hitting an all hadtime high before drifting lower, and there are good reasons why investors brought up stocks, another round of solid earnings, firsttime job claims down, and more from Federal Reserve chair janet yellen, in her second day of testimony, yellen promised to keep Interest Rates, quote, right where they are to boost the economy until both the housing and job market do better. Our objective in Monetary Policy is to continue to maintain an accomodative Monetary Policy for as necessary to see recovery of the labor market to nwithstate. It is hard to know exactly how to characterize it, but what the Federal Reserve calls maximum employment or we used to call full employment for sure and in many ways were far from it. The dow rose 32 points bu
The first of may. Good evening, everyone, and welcome, im tyler mathisen, susie gharib is on assignment. Well, you know it has been five years since the official end of the great recession, and even though the economy, the stock market and the Housing Market have made tremendous gains more than 10 million americans who want to working still without a job. Today, there were no records set owner wall street as a lot of investors seem to be in a Holding Pattern waiting for tomorrows april jobs report. Possibly the most important metric on the health of the u. S. Economy. Hampton pearson with more on what may be in fridays nonfarm payroll and why some economists are more cautious than others. Reporter optimism for a friday jobs report above 200,000 in april comes on the heels of the mixed Economic Data in the last twori n3n3 qs o i think well find out that momentum is pretty good here. But unemployment claims rose since late february, mixed news for an economy that appears to be gaining m
All of that and more on thursday the first of may. Good evening, everyone, and welcome, im tyler mathisen, susie gharib is on assignment. Well, you know it has been five years since the official end of the great recession, and even though the economy, the stock market and the Housing Market have made tremendous gains more than 10 million americans who want to working still without a job. Today, there were no records set owner wall street as a lot of investors seem to be in a Holding Pattern waiting for tomorrows april jobs report. Possibly the most important metric on the health of the u. S. Economy. Hampton pearson with more on what may be in fridays nonfarm payroll and why some economists are more cautious than others. Reporter optimism for a friday jobs report above 200,000 in april comes on the heels of the mixed Economic Data in the last twori n3n3 qs o i think well find out that momentum is pretty good here. But unemployment claims rose since late february, mixed news for an eco
Welcome to power lunch. At the nyse stocks are sitting at record highs but as we saw, it was quite a battle 24 hours ago right here at the nyse. It most certainly was. We push ahead today on this big debate on High Frequency trading on power lunch. Where are the regulators . We talk to lawmakers who come at the issue from different points of view. We also have specialists to tell us what high speed traders look for. First, how does high speed trading fit into the overall market . Who better than bob pisani to explain all of that. I bet you can say that. Algorithm. I can spell it, too. The important point is a lot of people wonder when you go to your broker and actually push a button. Let me walk you through a typical trade. Critics of High Frequency trading say these traders are scalping pennies from investors but the truths a little more complicated than that. Lets use an example. Through your broker, you send an order to buy 100 shares of ibm. That order is likely routed to a market
Better deals on the flights they want. All that and more tonight on nightly Business Report for thursday, may 8th. Good evening, everyone, wall street today went from sizzle to fizzle. You may not know it from todays closing numbers but the dow was up triple digitals even hitting an all hadtime high before drifting lower, and there are good reasons why investors brought up stocks, another round of solid earnings, firsttime job claims down, and more from Federal Reserve chair janet yellen, in her second day of testimony, yellen promised to keep Interest Rates, quote, right where they are to boost the economy until both the housing and job market do better. Our objective in Monetary Policy is to continue to maintain an accomodative Monetary Policy for as necessary to see recovery of the labor market to nwithstate. It is hard to know exactly how to characterize it, but what the Federal Reserve calls maximum employment or we used to call full employment for sure and in many ways were far f