Happy friday and welcome to squawk alley here at post nine sara eisen and andrew ross sor again. The u. S. Economy losing 33,000 jobs in september, with hurricanes having a major impact on hiring, while employment, unemployment rate, did see a slight drop, all as stocks continue to hit historic highs with the s p 500 looking for its ninth straight positive session. Its in the red right now, but lets see what happens throughout the course of the day. For more, diane schawn, and ryan levet, Senior Investment strategist welcome to both of you diane, the market may be the bigger story here coming off this amazing stretch that we havent seen the likes of since 1997 sixth Straight Record closes for stocks does the weaker jobs report, at least on the headline number, do anything to derail the story of better growth and higher stocks . Well, i actually think the stock markets probably reacting to the fact they think the fed may now delay a rate hike at the end of the year or in january. I stil
Birds of a feather flock together and especially rich ones. A millionaire is found in amsterdam this is where europes super rich meet. Theyre becoming rich and rich more numerous than. The rest of the population that. Theres a wealth of myths out there about being rich money doesnt make you happy. Germany is ignorant about wealth to be honest. The unequal distribution of wealth causes problems thats why scientists have now discovered the rich as a group to be studied. Trillion euros one thousand and twelve zeros thats how much the worlds rich spend every year on luxury items such as a romper for fifteen thousand euros with diamond buttons. Whats the point of this superfluous luxury because the diamonds. Diamonds are the big. Thing and people yes its very special why do you got to love this wealth seeing what you can buy in the world is a sight to behold. And develop this sparkle yeah i like both also have pearls theres just something about it its it looks beautiful. Academics havent re
Birds of a feather flock together especially rich ones. A millionaire is in amsterdam this is where europes super rich meet. Their becoming richer and richer and more numerous than. The rest of the population envies them. Rightfully so theres a wealth of myths out there about being rich money doesnt make you happy. Germany is ignorant about wealth to be honest. The unequal distribution of wealth causes problems thats why scientists have now discovered the rich as a group to be starting. A trillion euros one thousand and twelve zeros thats how much the worlds rich spend every year on luxury items such as a rump of fifteen thousand euros with diamond buttons. Whats the point of this superfluous luxury because the diamonds are now based on the diamonds. And the people yes its very special. This wealth seeing what you can buy in the world is a sight to behold. And develop the sparkle yeah i like both also have pearls theres just yes something about it its it looks beautiful. Academics have
Good Tuesday Morning welcome to squawk alley. Im Carl Quintanilla with john fortt, mike santoli here at post 9 of the New York Stock Exchange joining us this morning, paul holland. Good to have you back. Lets talk some netflix this morning. Off the highs today, but the streaming giant hits another record high today, adding 5. 3 million subs in q3, promises an 8 billion bet on original content next year. Last time you were with us you called the company pure heroin when compared to its competitors. Its worth noting Foundation Capital is an early investor and youve worked closely with Reed Hastings now were in this chapter, paul, were watching the u. S. Profitable and the playbook being expanded international, where thats increasingly where the story is, right . Thats correct, yeah. If you recall a couple years ago we had this conversation before they had any significant presence in international, and i think really three things are going on we saw a beat in terms of subscriber base, we
Joes excited. You are excited. He comes bringing orange juice, coffee for folks. Clapping. Its energy, man. Its energy. Really loud youre not that old time for the Global Markets report we will look at u. S. Equity futures. Yesterday the dow was up by 167 points 80 of those gains came from two stocks 3m and caterpillar gm and others were also reporting. Which is great news finally youre starting to see earnings and not financially engineered earnings, actually seeing real earnings with the commensurate Revenue Growth now the question becomes are the stocks that you just mentioned getting expensive on valuation thats what the market decides right now everything is the tailwinds are significant for the market who were you eluding to financially engineered earnings . Many. Many of these companies. You were not talking about General Electric specifically . If you would like me to speak about it. Theyre doing a lousy job of it. Of financially engineering. I was wondering if has risen to the