Report was anything but. In fact, it was the best number of 2015. Employers added 271,000 jobs last month. Thats about 90,000 more than economists were expecting. The Unemployment Rate inched lower to 5 . Hampton pearson digs into the numbers. Reporter the blockbuster october jobs report produced the biggest monthly increase in new jobs in nearly a year and saw the headline Unemployment Rate drop to 5 , the lowest in 7 1 2 years. Try to spin it some other way but it is really good news. I think this is good news. If the fed goes a quarter point i dont think that kills the economy. Long from it. Reporter the rebound in job growth even prompted a leading Federal Reserve dove, those Monetary Policy makers not in a rush to raise rates, to now say the first hike in nearly a decade could indeed happen in december. Ive said for, you know, quite some time that, you know, the real side of the economys looking a lot better. Weve seen substantial improvement in the labor market supported by our p
In fact, it was the best number of 2015. Employers added 271,000 jobs last month. Thats about 90,000 more than economists were expecting. The Unemployment Rate inched lower to 5 . Hampton pearson digs into the numbers. Reporter the blockbuster october jobs report produced the biggest monthly increase in new jobs in nearly a year and saw the headline Unemployment Rate drop to 5 , the lowest in 7 1 2 years. Try to spin it some other way but it is really good news. I think this is good news. If the fed goes a quarter point i dont think that kills the economy. Long from it. Reporter the rebound in job growth even prompted a leading Federal Reserve dove, those Monetary Policy makers not in a rush to raise rates, to now say the first hike in nearly a decade could indeed happen in december. Ive said for, you know, quite some time that, you know, the real side of the economys looking a lot better. Weve seen substantial improvement in the labor market supported by our policy actions. And the ot
Rising. We are not getting the volume yet. I am looking at the volumes, 4 below the 10day average. A surge at thee close with the expectations of futures contracts. The s p of one half of 1 . The dow is leading in percentage terms, up 6 10 of 1 helped by nike and United Health, the biggest contributors to the game after nike announced a 2for1 stock split and a buyback. Theyre bouncing back after yesterdays decline that it may pull back from its Affordable Care act coverage exposure. It was ae analyst say buying opportunity. Susquehanna says they do not think this will be a material event for united house. The dow is turning positive for the year to date. Not by very much, just of a 100ths of ajust 8 percent. We have positive numbers from retailers. It seems like it is give and take. Somethingre might be said for people coming in because they are so battered. The outside gains may be because they have been down so much. Abercrombie is showing evidence that its turnaround is finally star
Stocks going for their best week of this year led by discretionary utilities and health care and how about nike today. Investors are simply loving that news. Kevin, nike doesnt pay much of a dividend, but they are rocking today. Wonderful thing that happened. We were so concerned after macys and nordstrom blew up thinking its all over. Consumers dead. No low cost energy dividend. Where is it . Now we see the light, the green chutes. As you said, it depends where you are expecting the consumer to go. Not going macys. They continue to buy stuff from nike and ufshdarmour and other retail names. Abercrombie, footlocker, ross stores. Its a story that you cant say about macys. I think when you look at a nike, its important to say, hey, there is a vibrant consumer story here. Not to extrapolate that out and say i want to oent rtx. Thats probably not going to work. It hasnt worked all year. Feeling pretty good about that. Thats one of the considerable longs in our portfolios. Weve been constru
You can see its a small group at the moment, but they are Holding Signs that say i am tamir rice, stop police brutality, and black lives matter. Rice was playing with a pellet gun at clevelands park back in november 2014 when he was shot and killed. The incident was captured on Surveillance Video and added to this Ongoing National debate of Police Conduct in the wake of several high profile cases featuring unarmed black men killed by white Police Officers. Our Law Enforcement panel on what cleveland needs to do right now to diffuse the high anxiety there. Hillary clinton wants to take on trump. The president ial Campaign Battle just got hotter, but is it marco rubio that hillary should be zeroing in on . He just got, a few hours ago, a high profile endorsement in iowa. Our Political Panel tells us what it all means. And its rally on. Look at the Dow Jones Industrials, jumping 206 points, within striking distance of closing out 2015 with a gain. The Dow Jones Industrial average stands a