Facing another grilling from lawmakers about the safety of the 737 max. Risks facing the stock Halftime Report starts right now. All right. Good to have you with us on this wednesday from post 9. Our Investment Committee here. Lets begin with the markets the count down to the fed. Investors expecting a cut, but it is the what comes next that matters most of all. And for that we bring in Steve Liesman, who is at the fed today. Thats what everybody wants to know, right . Everybody knows a cut is coming. Its whats next. What i think will happen is powell and the committee will carve out flexibility to react more to the data i think the issue, the way that powell probably not going to put it this way, but simply to understand it is we may cut next time we may not cut next time but were definitely not going to cut were not definitely going to cut is a good way to think about it in other words, the market is building in automatic cuts from meeting to meeting and i think powell will want to b
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
Land it again and Something Big could be hurting his chances and it aint court cases. Coma what if i told you it was and is joe bidens economic case. Why the guy who has the job trump wants con if i weres hell be the guy voters want next year. Market watcher Gary Kaltbaum says not so fast because this chips act is not so economy is not so hot. Did joe biden blame donald trump for the former downgrade. You dont think larry kudlow was going to take that one lying down . Hes here and, kids, cover your years because coasttocoast or should i say for this broadcast today, more like roast to roast starts right now. Welcome, everybody. Im neil cavuto and happy friday. Theres a lot going on and theres a good deal of attention to whats happening and this whole fitch thing notwithstanding and the narcotics are having a hell of a time going nuts, but this day it is a good kind of nuts. Stocks sprinting on this goldy locks jobs report, not too hot, not too cold, just about right to keep the fed at
Yield. Oil down for a Third Straight day. Back into the low 80s on wti crude. Small caps had been outperforming much of the day. Banks, though, continue to lag. They have certainly been pulling up the rear for much of the last several months. We begin with our talk of the tape. Is the threemonth market pullback driven by macro and Interest Rate concerns running its course as the final earnings season of the year gets under way or will the bolts remain penned in by higher rates and fears of slowing growth and whatever else we can think of. Lets ask adam parker, cnbc contributor. Adam, i dont know, people trying to look on the not so negative side. Yesterday, a bit of a failed rally. Today, yields are quiet, markets able to maybe seize on some of the fundamental news. Are weable to go from macro to micro at this point . During evenings season, some stocks give you four updates a year. The rest of it is all macro or factor betting. I think were getting some mixed to positive results on ag
Much cheaper. Austin is laughing. Im not laughing. Thats a regular tuesday night for austin. Thank you very much, charles. Okay, so the bulls are a little winded as we kick off the final hour of trade after notching the fourth straight win some red on the screen and dow bulls are treading on track for longest winning streak since d ecember 19th and led by boeing, am amgen, cisco and jp morgan and dow up 120 and getting it there, not one at the top of the dow and nestled into the top ten best performers is microsoft. President joe biden juicing up the tech giants big investment in Artificial Intelligence during a campaign visit to racine, wisconsin, its a live picture of the president there at a Campaign Event talking to voters in the battleground state. Biden along with microsoft president brad smith announced a 3. 3 billion investment to build a new Ai Data Center, but also a Training Center for it in the city of racine. Lets go live to fox business Edward Lawrence in wisconsin right