Barbara duran from bd8 capital markets. Thank you for joining us today weve got a lot of forces at play again another kind of side waist market, but some Risk Appetite if you look at whats moving higher today i agree with that i think that the action has been very constructive. And i think whats going on is youve seen the earnings expectations come down you had just a little sample last week, but majority of Companies Beat earnings and the most important thing, i think, was jpmorgan and American Express talking about the strength of the consumer in loans and spending and thats really the underpinning to the economy. And so we also know the fed, they have a meeting coming up. Im not expecting them to cut rates, but they have made it clear they stand ready and i think that forms an underpinning for the market. And not to mention china we have a little truce there i think we were all expecting some more down babeat commentar from what weve heard so far but so far, its been okay maybe rest
Key read on manufacturing in the next hour. Plus, streaming wars, apple launching its tv plus platform today. It is the latest volley in the original content battle between media and tech giants. And pinterest plummeting, losing a third of its value since peaking in august. And the Growth Strategy for starbucks, Kevin Johnson will join us first on cnbc this hour. Lets get to the jobs number, october payrolls well above expectations at 128k despite the gm strike. Unemployment goes down goes up to 3. 6. Wage growth 3 from a year ago jim, hard to find things to quibble about this month im going to come back and say youre going to have a the beginning of cracks in manufacturing. There is still two economies the twothirds of the economy that is consumer is doing very well the other third is not doing well and we can i dont know how long we can go with only twothirds i think pretty long. But when you if if they shut down boeing 737 max, youll see very different numbers i just think these num
Told us the focus is misplaced far far as to not have told us the focus is misplaced far far as no calls for terms of nor responsible for fixing a from a cold for term of normal responsible for fixing a from the from old material home on the outside of the towers. A new report from the true home on the outside of the towers. A new report by Human Rights Watch says u. S. Sanctions are preventing ordinary iranians from record by Human Rights Watch says u. S. Sanctions are preventing ordinary iranians from accessing lifesaving medicine. And to me appears in meets with accessing life saving medicine. And to me appears in meets with the hunger in Prime Minister viktor orban irritating western allies on the same day the hungary and Prime Minister viktor orban irritating western allies on the same day. Hungary vetoes a joint nato statement toward ukraine. Hungary vetoes a joint nato statement toward ukraine. Well those are the headlines were back here next hour with another round up and stay
Change the world it is suddenly that they were actually both then and now companies that brag about their ability to change the world it is suddenly that they were actually running out of money both then and now the valuations of once heralded Tech Enterprises were happy running out of money both then and now the valuations of once heralded Tech Enterprises were haves in matters of weeks both then and now there were widespread sense of euphoria in matters of weeks both then and now there were widespread sense of euphoria curling into soberness washed down with the realisation that thousands of workers and once promising for hurdling into soberness washed down with the realisation that thousands of workers and once promising firms were poised to lose their jobs thats right we are were poised to lose their jobs thats right we are having another turn of the cycle a lot of it us to do with the fact that so much money was raised in the buying another turn of the cycle a lot of it us to do w
The grind t higheray was quiet but strong. Here are the closing numbers. Th Dow Jones Industrial average rose 227 points. To 27137. The nasdaq was up 85 and the s p 500 added 21. But there is a lot more tohe market than the numbers suggest. A close look under the hood showsig changes taking place and money is starting to flow intoectors that investors have been avoiding for a while. Bob pisani at the new york stock exchange. A lot of talk about a great rotation taking place. But what exactly are we rotating out of andinto . There is confusion about different ways to slis and dies the mechanic. Lets try to sort out some of the differences. First, cyclical verses defensive stock. Since bond yield bottomed last weeks. Checkically sense i have like banks, transportation stocks, energy, retail have all outperformed. These are call cyclicals because they tend to better when the Global Economy is imoving. Nef lagged most of the year on concerns that Global Growth slows. At the same time defen