Yield over those last couple of days. How does oil look and the tenyear note . Just got news from opec. Theres the tenyear. Is there anybody who doesnt expect there will be a rate rise in december . Im sure theres somebody out there. They may be harder to find. Our road map this morning starts with that jobs number. 211,000 jobs were added in november, plus upward revisions to previous months. The case building for that rate hike later this month. Futures higher coming off an ugly day in the markets. Energy names, jim and i will talk about that. I got to hear what he thinks. And an m a, lack of it perhaps in this case. Norfolk southern rejecting Canadian Pacifics merger proposal. I told you they were going to do this. It wasnt a shock to anyone, but they come back strongly explaining why it will never happen in their opinion. Lets get to the jobs report first. Showing a better than expected 211,000 jobs added in november. October payrolls were revised upward to 298,000. That paving the
That is chairman dan doets coats of indiana. Yellens testimony in which she basically expand odd her case from yesterday that the economy is Strong Enough for a rate hike in december. Talked about the welcome signs in her words of increases in wage growth in this country and, of course, the spike in the dollar over time. Thats it for us here on squawk alley. Its noon on the east coast. Lets go to the fast money half at hq, and scott. Scott. Okay, carl. Thank you so much. Good afternoon, everybody. Im scott whop ner. Want to welcome all of you to the halftime show. Were following several major events at this hour. The fed chair, as you know, wrapping up her testimony just moments ago. Were also waiting for a briefing out in San Bernardino, california, following yesterdays mass shooting. Whether dont you give us the headlines first in testimony and answers to the q and a which largely mirrored what we had already heard where heed at the Economic Club of washington d. C. Yeah, good points
Jobs last month. The unemployment report seen Holding Steady at 5 t. Futures right now are up and up in a big way. The expectation of course that janet yellen will raise the Interest Rates by the way unless the jobs number is somehow massively negative. Right now dow would open up by 92 points higher and the nasdaq up 20 points higher. All of that could change at 8 30 but well see the other big story of the morning. Members of the cartel not in agreement over whether production cuts are needed. Oil prices at this point, wti crude at 41. 65. Were going to head there for a live report in a minute or two but first michelle has the mornings other big stories. Let me ask you this, were all focused on the jobs report and janet yellen, we get a few more days like yesterday, does that hold off the fed . Theyre deeply effected by the markets. Its not just yesterday. Its possible. Its not just yesterday. If you think about it, its been a year. We have been dealing with we have gotten nowhere in
Two thousand one. We want to talk about the change in the nature of the investigation. The gag now looking at it as an act of terrorism. 1 for republicans. 202 7488000 for democrats. For independents, 202 7458002. On social media, you can post your thoughts at cspanwj. At facebook, facebook. Com cspan. Send us an email on this topic as well at journal cspan. Org. Here is how the major papers are taking a look at the announcement by the fbi yesterday. The Washington Post calls the shooting and active terrorism. Journal eet probe focuses on on terror. You will notice, on the front page of the New York Times and put an editorial on this topic, the first since 1920. President obama made comments on this topic. We will hear from that shortly. Again, if you want to call and talk about the change in the investigation, 202 7488001 for republicans. 202 7488000 for democrats. 202 7458002 for independents. The fbi changing the nature of the investigation, looking at it ofa possible act terrorism.
Coming out about the survivors still battling serious injuries later on in the show, jessica rae abc news will have a special report concerning yesterdays shooting with San Bernadino county officials we will turn over to that press conference as soon as it begins. But for now. Abcs Lauren Lister is in San Bernadino with the latest on this tragic shooting. The end of yesterdays manhunt is todays crime scene. This suv the getaway car for the shooting suspects the remnant and reminder of the carnage that took place. Nats carey davis, San Bernardino mayor its a very sad day for our community country. Two suspects stormed the Inland Regional Center with semi automatic weapons wednesday morning, killing 14. Timmy hilliard, eyewitness verbatim i saw two bodies laying on the back of the building. Another 17 were injured. People like kevin ortiz. Recovering from shots to the the leg and shoulder, his aunt tells abc. Rosa ortiz, victims aunt. He sustained five gunshot wounds. His vitals are stab