Its april jobs report. Lets bring in our very own Charlie Gasparino and Veronica Dagher of the wall street journal well whip through a bunch of topics. Start with the jobless numbers. When do you expect for tomorrow . Market is nervous, down 47 points. What do you want . Well see where the job numbers end up. If they are better than expected, people will be looking at the fed, saying what does this mean down the road for your Interest Rate policy . Are we going to see tightening sooner . I also think that the gdp number was terrible yesterday. Anybody who is trying to make a good case for the government, april is better. April is better. The jobs number has to be better in order for that to be true. I dont predict things based on any sort of prior numbers. It is very hard to game the unemployment numbers. Right. People have been wrong about this a lot. I think what is pretty clear ask that this is very slow moving economic recovery. This may be the slowest ever. Not only, that the fed
Iwatch but rest of you are greeting it with a giant slug. Shrug. Only 14 of consumers would buy an i watch priced at 350. Its a bargain. We have charlie gasparino. Elizabeth macdonald and jack hough. Would you buy one of these things . This survey is meaningless. 350 bucks, we dont know it will sell for that. We have no idea melissa well, 41 said they wouldnt buy it regardless of price. They dont know what it is going to do. Next week well seduction of one of these watches from google. I think after that people will change their tune once they see what the thing looks like. Theyre pretty sleek and allow you to access your phone on the go. Melissa if you can make a call, i would be interested in that. Full disclosure. I just got one of these. Melissa i dont even know what that is. I use ad flip phone for many years. So im not a tech expert. Melissa your clamshell went into the got that. Thats right. That said, i think they jumped the shark with this thing. A smart watch . If sounds so r
Economic realities hitting home for more than 40 million american families. A new study out of Harvard University finding that 35 of u. S. Households cant afford their current living situation. With me now, the wall street journals veronica dagher, editor of power trend profits. And Dominic Tavella of diversified financial. Thanks to all of you for joining us. What that means their rent or their mortgage consumes 30 of their monthly income. This is huge. This is 40 million americans. For a lot of them it consumes 50 veronica, this is a disaster. It is a disaster especially because more you spend on housing the less you have to spend on other things like Consumer Discretionary goods. That has larger effects to our economy. These people are spending so much on rent they cant be buying new cars or taking vacations. They just dont have money. Melissa a lot of problem has to do with the fact that incomes arent growing, right, chris . Absolutely. A lot of jobs, created but look at mix of tho
It was rap sure just applause. Rapture just applause. It was what steve job loves to do. One more thing and tim cook revealed an iwatch that is sort of curved, a square. It appears to be coming in multiple models. It is called next chapter in apple history according to tim cook. Were also seeing multiple new photos of this. We love to show it to you. It is called the apple watch. Not the watch. It looks like it comes in a variety of different band and things like that. Were going through this right now as you can see. Im scrolling through and listening to the feed right now. Well send it back to you. More detail in just a minute. Melissa leave the pictures up. Turn to my panel. Author of creative capital, spencer ante and fox businesss david asman and portfolio manage chris very says. I am a buyer. I dont have a iphone. I bought my blackberry to the set. Im a dinosaur and antique on the tech front. This is Pretty Amazing though. What do you think . Looks like a lot of people are buying
Is always about money. Melissa start with a look at the markets. The dow in a free fall, down more than 200 points on the day, look at that, 223. Looks like were sitting at the low of the session. All three Major Industries april, nasdaq even more than that. We have very own Charlie Gasparino and wall street journal spencer ante. What do you think of the selloff. Much overdue. We need a break. We need a correction. Im still, if youre asking me, i dont give people investing advice, if the fed keeps basically easing on its schedule, taper schedule as it is without raising interest rates, not a lot of placeses to put your money. Has to be in stocks. Melissa spencer . The stock market is going up on upper trajectory. It was due for minor correction. There was more major correction in the spring. Is this longer term play . Hard to determine. Melissa we had tendency to ignore bad news. What changed . Israelipalestinian issue is getting worse. Could threaten Global Oil Supplies if it gets wor