It ended up we didnt mind what we saw. Every piece of data we got was positive. The dow at one point down 123 points before we got a remarkable comeback from the lunch time swoon thats become a staple of the last four days of trading. The dow is down 24 points. S p dip imperceptible. And nasdaq advancing 0. 02 . We are still in a good news bad news mode until the last hour of trading. But we saw a glimpse of what could eventually happen when we start accepting good news for what it really is. Plain old unadulterated good news. Today ill tell you how we can get out of this ridiculous paradox and rally to still higher prices. Although it might be too early for it to occur in a sustained fashion. But i dont want to tell you how we escaped from the box. One thats still keeping the majority of stocks from advancing until you know what kind of positive data im talking about. First, we got numbers from adp, the National Payroll processor, showing improvement. Why do we care about the number .
June and july figures were revised lower. Unemployment rate fell a notch to 7. 3 because more americans gave up the search for rork. Jim, were looking for silver lunings here. Not too many when you look at threemonth, sixmonth average now that is nothing to get excited about. Right. And everyone keeps telling me back and forth, well, wait until you see the revisions. Ive done a lot of work on this number. Ive looked at it for the last five years. This is it. This number does not look through. People will trade off this number. Dl is nothing spectacular about it. It does come in right before a fed meeting. If the taper is going to be light. We are going to see Mortgage Rates down. It will be down next week. We havent seen that in a long time. The question this morning is whether or not it would go to five. Whether the 30year mortgage would go to 5 . That doesnt appear to be in imminent danger now. Going back to 4 1 2 . This is remarkable because that is a very important component of the
Good morning. It is tuesday, january 13th. We were going to bump in with josh, yeah. Yeah. Well get to that. Do you have your dalmation jacket . I do have a jacket. Where is it . Do i look like a dalmation . No i dont look like a dalmation, do i . He thinks i look like one. No. Put it on. Okay. Im a little cold. Anyhow, its january do i look like a dalmation . Yes, you do. I would take that off right now. With us onset, Mike Barnicle. Im not sure why im asking your fashion advice. Look. Very good. Now hes come a long way. This actually is very nice. Who is this . Maggie. I knew it was something great. The best. Sam is here. School day. Yeah yeah. Twofold as mike said. A lot going on. The joke never gets old. It does get old. Its not funny anymore. Never stops. Last night i got to say, guys i mean im still stunned that the big ten is not the worst conference in football. I mean they have been bad for so long and i heard Kirk Herbstreit say this last night after the game, they have been
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0 john who said axel foley so from beverly hills cop and then we have francis ford copola. he was born in detroit. best export, yeah. we had madonna from detroit and also tons of votes for kid rock. i mean music is a huge, huge part of detroit. and, of course, that s it for way too early. morning joe starts right now. good morning, everyone. welcome to a special edition of morning joe. it s thursday, august 29th. we re going to have a great time here in detroit. we re live from the ford flat rock assembly line. just outside of detroit in flat rock, michigan. and this is an active assembly line, about to get busier as the morning progresses. unbelievable news today, ford is actually returning the production of the ford fusion to this plant. big news. from mexico. it s a $555 million commitment and what does that mean? that means more jobs for americans. about 1400. great news. we re going to speak with ford ceo alan mullally and coo mark fields about this importa