And having said that, good mog rning to you again, garyga mcgrady. Mcgrad yeah, i wish it were going wr to be better but its justts going to be rainy today. Listen, i just posted iosd just tweeted out the mothershet day forecast gary fox5 d. C. Cast5 check it out. Its good, its good. Guys. All right, gary, we appreciate it now. Appr in the news this morning, iforn you have to take metros Federal Center southwestcent station this morning, it is mnig scheduled to open on time today. This all comes after an emergency shutdown at the station yesterday. St yeah, that drastic action was taken after two fire fir incidents at Federal Center. A fox5s Melanie Alnwickln joining us now live right now. N melanie, some good news aftere w a challenging thursday. Hu reporter thats right,orr t annie, and we when we gothenw here this morning we saw large groups of maintenance crewsnce leaving. We asked them how it went. They said pretty good. They got everything done that ee they were scheduled to do. E
Is mediagetton still upon us. Disney posting mixed results. The details of squares ipo are out. And alibaba buying the youtube of china for 3. 7 billion. The story of the morning is the strong jobs number, including 268,000 private sector jobs added last month. 5 unemployment is the lowest since 08. Average Hourly Earnings up 0. 4. The numbers coming out two days before fed chair yellen indicated a hike in december was a live possibility. Earnings year on year, 2. 5. The biggest since july of 09. Weve been waiting for that number for a long time. Remember earlier this week i sa switched my posture and said bring the rate hike dollar. The dollar will be stronger than it is, and that will hurt the industrials. The banks will soar. Thats a huge part of the s p. It will be mixed for people who own stocks. Healthcare should go down here. The bank stocks, wow, they could carry the whole thing. Does it mean that 70 is being priced in for december . If they dont do it we keep talking about the
Quarter guidance on china concer concerns. Nordstrom shares lose a fifth of their value with the u. S. Retailer cutting guidance after earnings missed expectations. Markets not lending themselves to an ipo for loandepot as the California Firm holds its plans to price its listing. It is gdp day here in the euro zone. Im looking at 0. 3 on the quarter. Thats a touch below the forecast which was 0. 4 on the year on year figure. Were bang in line with expectations, 1. 6 . Now the euro zone economy grew at a 1. 2 analyzed pace in the Third Quarter. Its still 0. 5 smaller than it was at its First Quarter of 2008 peak. So a little bit of a slow down compared to what were expecting and lets have a quick look at the euro dollar. 107. 57 is what were currently seeing for the euro dollar pair so overall the dollar has actually lost it a little bit against the euro this week despite the fact that were expecting a december rate hike by the fed. Euro dollar, 107. 59 off by. 5 . Quick look at u. S. F
To post these fliers. They let the residents know that the Department Management and police are aware of this act of vandalism. At least 30 cars in the Parkside Commons apartment complex in san leandro had their tires slashed. It happened sometime late saturday night or early sunday morning. And one neighbor we spoke with who had all four tires on his car slashed says its an expense and an inconvenience he and his neighbors just dont need light now. Pretty much, everybody is kind of on edge. You people arent going to be able to make it to work, to school, and lots of money is going to have to be spent all because of someones nonsense. The Security Guard says they dont have security cameras mounted in the parking area of this apartment complex. At this point, he says they are just encouraging none who sees anything suspicious to contact police. Pam . Thank you, al loo. Time now is 5 01. Today marks the 25th anniversary of the devastating oakland hill hills fire storm. That fire killed 2
But first we start off with a market that seems like it wont quick. The dow surging for three straight days. Materials and Energy Leading the way. Rallying 3 and 4 in todays session. Is this a rally you want to buy or fade. Guy . Some you want to fade. No question about it. Freeport macmaran, the movement over the last week. Nothing has changed whatsoever. Other than the fact the stock is up 20 . Caterpillar will be up 7. 5 to 8 . Nothing has changed there. And on the flip side, Goldman Sachs. But the names beaten up for a reason over the last year that has rallied in the high teens in three or four days you absolutely fade. Why does Goldman Sachs get a reprieve when others dont. And i think in the case of the commodities guys, look at copper. Spot copper is up 5 . Quietly over the last month. In fact, all kmcommodities, ex oil, are up. And you have to break out the suede vest and burn the yule log. That looks psych the source of chipoltes problem. They want you to burn the suede vest.