Road map begins with records, records and more records the dow within striking distance of 29k for the first time. Plus hiring did cool in december but unemployment is at a 50year low and job gains extended for a record ten straight years, so whats it going to mean for the growth in 2020 plus these damning documents newly revealed boeing messages reveal efforts to manipulate 737 max regulators todays december payrolls number means 2. 1 million jobs were added last year, a slowdown from about 2. 7 million in 2018, coming in at 2. 9 year on year threemonth average, jim, 184 now and we got some milder visions down to october and november one of the things thats missing that makes this difficult for me is boeing boeing is such a big part of the gdp and i dont know which part, manufacturing little changed in december, how much that is boeing because everything has to be asterisked i think thats how big boeing is for the economy. It doesnt reflect this. I mean, youve got the wrong areas gett
On j. C. Penneys macys and merck. Overall a cautious tone. A fed meeting on Interest Rates begins tomorrow, while widely expected to be a standpat kind of session. The gop will release details of tax bills. Thursday we should learn who the next fed chief will be. Friday brings the latest jobs report. In the middle of it all, apple and facebook will release earnings. Stocks seemed mostly nonplussed on todays news that Paul Manafort and a Business Partner were charged with money launders among other crimes as part of the investigation into the 2016 election. Both men pleaded not guilty. Heres how stocks fared. The dow lost 83 points, merck the biggest loser down 6 after pulling a key cancer drug. The nasdaq slips two, and the s p 500 gave back eight. Stocks took a bit of a dip midday after one media report hinted that the cut in the Corporate Tax rate may not happen at all, at least 23409 al and thats the warmup for the being release. Ylan mui has more. A new report suggests it could inc
Markets up 87. The dow and s p shooting for their first gain in three days. Forbes is out with their mitous list ranking the top 100vcs in the world. Our nest guest is number five. He even replaced peter teal. Joining us is brian singerman, who is behind deals like facebooks purchase of oculus, the acquisition of stem centrics. Brian, welcome and congratulations. You go from number 37 to number 5. Its the biggest move. How do you explain it people how you did it . Thanks for having me on the show. It was a fantastic outcome for us. Its focused on finding cures for several indications of cancer. The team and the data were fantastic and e we had a great outcome there. Some of the notable investments is facebook, spotify, spacex and lyft. Were talking to you on a week of f8. Facebook is pennies away from an alltime high. Investors are having to absorb longterm Business Models and ideas. What did you make of facebook . I have loved facebook for a lock time. We were a very early investor th
Well have rob sands join us to discuss the outlook for the beer business, in which theres a lot of news in the beer business lately. Yes, there is. Meantime, constellation may be hitting new highs, but gopro sinking to an alltime low. One bull says this makes it a cantmiss buying opportunity right now. Thats coming up. Lets get to the markets for this wednesday. Dominic choo is covering all the action. And jackie will be checking in at the nymex. Dom, another volatile day here. The dow up 170plus points in one point. A lot of the themes that have been happening. You mentioned whats happening with energy and whatnot. We were just taking a look here. Up by about 8 , 9 . You can see this after the company yesterday slashed its board from 16 members down to nine, but then increased it by two to accommodate carl icahns board nominees. Oil, gas, copper, materials, energy. That big slide taking its toll. Earlier this morning, pure storage went public. Priced at 16 a share. They raised about 4
Coming up, well tell you whats behind the crude comeback. Thats coming up in just a moment here. Janet yellen and the fed leaving rates unchanged for now, but a warning that a hike could come in december. Well look at the impact that theyre having. Meanwhile, hes at it again. Carl icahn revealing hes taken a large stake in insurance giant aig and hes urging the company to split into not two, but three separate companies. We have the latest details on that. The stock has been up about 4 or 5 in todays trade. Lets begin with todays spike in crude oil. Jackie deangeles, back about 45. Good afternoon to you. This was a move that took a lot of traders by surprise. Let me break down what happened for you. The session low, 43. 06. You can see this incredible range that we went through today. The rebound in part was due to the fact that there was some selling pressure in the last three sessions. Not really enough conviction to take us down to 40 as some were predicting. Ahead of the fed this m