Sell off. Will this continue. Apple stock now in the red for 2015. One week away from their event in san francisco. And nfl games go online. Netflix says its sanguine about apple competition. Theres that word again. Were on track for a green open as they try to rebound from a worst job. Ahead of the adp, 190,000 private sector jobs added. Thats a bit shy of the consensus. Manufacturing, 7,000. Its being called a relatively solid number heading into a print that is historically weak on friday. You wouldnt tighten based on these, and i know, i regard the tightening camp as basically of two components. One says lets get it over with and the other says lets get it done. No one is saying the data says to do it. If the data depends on stabilization of the markets, we dont have it. The numbers are benign. The Mortgage Applications were good. Housing and auto are the two bright spots. If you want to tighten on housing and auto, you have maybe 25 of the economy that you can say is a little bett
How this all plays into the Federal Reserve. I like jims point there in Halftime Report which is if they dont move in september, were goi in december, were going to drive ourselves in sane. This is right in the sweet spot of the feds full employment number. Maybe that number is going to come down but right now theyre between 5 and 5. 2 . Over to the 173, thats the payroll number for august. Thats below the 220,000 that was forecast but several economists, many economists, point out august has been consistently revised higher. The most revised month of the past five years. You by 75,000. We also have positive revisions and a wage number that was a little bit higher than expectations. Some of the calls made expost after the number came out. Wells fargo, ubs, bank of tokyo, all affirming or saying they are in the september camp for Federal Reserve raising rates. With. September, there are good names over here in december. All these in the december camp. Quickly some of the arguments. Reas
Week in the futures market. The nasdaq would be down about 10 102 points and this comes after the dow closed in triple digit negative territory yesterday despite a big spike in oil. We did see another negative session in asia. Of course among the big reasons, new Economic Data showing chinas Manufacturing Sector contracted last month. It contracted at the fastest pace in three years. The official number contracting for the First Time Since february. You can see how the Chinese Markets are he reacting to that. Down about 1. 25 but you can see a sharply reaction in hong kong and shen seven which shows chinas higher growth stocks. Meantime, exports from south korea tumbled by the most in six years so that is also effecting the markets here. Shanghai composite was down as much as 5 before recovering to close down 1 thanchts loo. That looks better. We have to switch the percentages. Soon, now, today i think. Instead of arresting people that are selling stocks like in china. Thats first reac
Markets poised to open higher. Comments getting a lot of attention. Jack lew telling Steve Liesman, we will hold china accountable. Twitters Board Meeting is today in new york. We will get answers on the permanent ceo role. Details of nut tesla x and the lower costs on the model three that will not start production until 2017. Draghi holding a news conference. He says asset purchases going smoothly. Adding the plans to fully implement them. They see a slower increase in inflation lowering their growth request through 2015. 1. 4, 1. 7, 1. 8. Now, they are talking about, can we change the size or duration of their plan . They are crushing europe. The dollar is soaring. This is a level that american exporters obviously are saying, are you kidding me. They have to get the euro down to be able to maintain growth. This is really great for germany. They dont talk about maybe they are talking about the immigration situation. Obviously, germany is going to be able to build all the housing that
Not just investing, but every aspect of your financial life. And sometimes that means we need to take a deep breath, step back from the daytoday nittygritty of the market and no cuss on the educational side of things what i call investing 101 honestly, if any university was ever crazy enough to give me tenure, i could teach an entire semesters worth of classes on just the basics. But, of course that, presupposes that any institution of Higher Education here in america would be interested in teaching how to manage your money. A topic thats a little quintinian for the ivory tower types that run most colleges, you can get a bachelors degree in economics without knowing how to balance a checkbook. Thats not going to change, but we can do our best here on mad money to help. So investing 101. Whats the first item on my sill syllabus of the class . We need to thank you about savings. If you dont save, you will spend the rest of your life to a slave to your paycheck or the hostage to the Socia