The stock market, you would want the Labor Departments monthly nonfarm payroll number. If the number is strong, you want to buy stocks if its weak, you want to sell today we got a barn burner of a number, 222,000 new jobs hallelujah with every area of the economy generating, which is why the dow rallied 94 points and the nasdaq and s p both advanced. When i wrote this book, i spent a tremendous amount of time trying to figure out what mattered to the market over the years running by Charitable Trust. Again and again, over those 15 years, the answer has been one single number. Growth is king theres been so much gloom lately that this number is busted, making me feel like a good reason stocks have rally sod hard lately. Employment growth means money to buy a car or a house heres why the housing stocks were taking a ride do i need to explain how hiring helps the banks and techs and industrials. The Labor Department gives you a very good report right now its health care and these stocks ha
Rid of patient, so to speak. Great. Now were at 1. 9 again. Lets get to our road map. It starts with the markets, futures as you saw pointing to a slightly higher open helped by Consumer Prices that rose for the First Time Since october. Plus Chesapeake Energy blaming weak commodities for its decision to cut cap x this year. Of course its not alone. Carl icahn boosted his stake in the company to 11 , that was just out yesterday. Tragedy in europe up to 150 people are believed dead after a germanwings airliner crashes in southern france. Want to get to another story that we. Reporter have just been breaking. Mary thompson has. Ruth porat of Morgan Stanley. Thats right. Ruth porat is leaving that firm and she will become the cfo of google google. Wall street veteran moving to Silicon Valley. Shes been with Morgan Stanley for 28 years. Among the roles including ceo or cfo, she has been the lead tech banking, she led the companys banking franchise and also of course to serve the company to
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