Almost a week having gone by we are two, four six. We are now 2. 389. Lets get to our road map this morning. As you expect it starts with the employment number. A steady increase in jobs added last month. Unemployment ticked down to 5. 3 . Perhaps some worries as the Participation Rate slowed. As we head into the weekend, no deal insight for greece. Finance member is threatening to quit if the vote is yes. We will get information live from the market. Deals continue in health care and paypal buying zoo. Here are the numbers for the jobs. Nonfarm payroll, up 223,000. Gains in april and may, revised downward. The Unemployment Rate fell to 5. 3 a sevenyear low. The labor Participation Rate declined as low as it has been since 77. Wage growth stalled. Average Hourly Earnings came in flat. Later this morehour, we are going to look at the obama administrations numbers. We sat down here. He said not so great. Not so great on the headline number. A little disappointing. Still under 2000. They
Almost a week having gone by we are two, four six. We are now 2. 389. Lets get to our road map this morning. As you expect it starts with the employment number. A steady increase in jobs added last month. Unemployment ticked down to 5. 3 . Perhaps some worries as the Participation Rate slowed. As we head into the weekend, no deal insight for greece. Finance member is threatening to quit if the vote is yes. We will get information live from the market. Deals continue in health care and paypal buying zoo. Here are the numbers for the jobs. Nonfarm payroll, up 223,000. Gains in april and may, revised downward. The Unemployment Rate fell to 5. 3 a sevenyear low. The labor Participation Rate declined as low as it has been since 77. Wage growth stalled. Average Hourly Earnings came in flat. Later this morehour, we are going to look at the obama administrations numbers. We sat down here. He said not so great. Not so great on the headline number. A little disappointing. Still under 2000. They
Im francine lacqua. Lets quickly check on the markets. Centralas to do with banks. After the boe surprise yesterday with qe, the focus turns to u. S. Jobs data. This is the picture. European stocks, a touch higher. In terms of the amount of money passing hands, lower than it usually is around early august. The pound, yesterday we saw a huge move in pound. I wanted also to show you the europound at 84. 80. Its been quite a tough week for banks. I wanted to show you that index overall. Plenty more on corporate stories, but first, lets get to the bloomberg first word news with nejra cehic. Nejra britains biggest taxpayerowned lender saw a net loss of 0. 8 billion pounds compared with a 280 Million Pound profit a year earlier. Cfo Ewing Stevenson explained the Details Behind the figure. Loss, andak out a establish the fact that the core business made another billion pounds of pretax operating is typical with us, while we are in the middle of a restructuring period, we saw some pretty subst
Today. An accounting issues. Well have the latest details and what it means for the future coming up. Also, etna following uniteds lead and announcing plans to pull out of most of the Obamacare Exchanges this its involved in next year. And will that lead to big price increases now that theres less price competition at those exchanges . Well hear from the ceo of a major insurer whos doing pretty well in obamacare. Thats coming up here. And financials have really missed out on the recent record rally but is now the time to bet on the banks . With more hints the fed may raise rates again. Oh, by the way, a big move by an investor into one of the banks. Well hear from both sides of the debate coming up. A lot to get to. Lets begin with the markets pulling back from yesterdays trifectas. We put it. Closing the Closing Bell Exchange today, Michael Robinson of money morning. Com, ben willis of princeton securities and rick santelli, if its tuesday ric t rickster is back again. Hey, ben, so bi
Courtney gibsons what did you make of the feds comments and reaction right afterwards . She said what she had to say. End of the day you have to give a little bit of value. She has seen amazing data. I think they want consistent data thats positive. Right . Its been somewhat up and down, trending in the right direction. But she does have to say be consistent around that team. Does your expectation for a fed rate hike change today . No. Expecting what . To hike this year. Ive said that the past year and definitely in december. September happens, i think it surprises folks. Same old same old for janet yellen . Answer two different questions. One you havent asked. I think she should raise. Will she . No, i dont think so. It doesnt matter what you think. I wanted to put it out there. Its a lovely friday in the suburbs. Thank you. One thing that could wiggle this one way or the other, the jobs report next week. I do think that that could tilt things, if you have a particularly strong report