Also some tech m a. Oracle buying netsuite for 9. 3 billion in cash. That makes it the second biggest acquisition ever. Thats behind the 10 plus billion dollar acquisition just over ten years ago. Just had a conversation with people familiar with oracle speaking on this and i was wondering right now because larry and his Family Organization connected to him own about 40 of netsuite. This deal looks more expensive than oracle has been paying for cloud acquisition. So why do this now . It turns out if you look at what oracle has been up to over the past couple of years, they have been building out cloud infrastructure. Paying a lot of money for the Data Center Resources needed to become the Cloud Company that they want to be. They needed to get there before they could do this netsuite deal and make it flow and work and create the company and similar to if youre building out hotels you need to build the hotels before you can have the tenants actually make money. Thats something behind thi
A strengthening u. S. Economy. For the First Time Ever the dow industrial average broke through the 17,000 milestone after news the economy added more workers, pushing the jobless rate to the lowest level in nearly six years. Employers added 288,000 jobs last month, the fifth straight monthly gain of more than 200,000 sending the Unemployment Rate this time around to just 6. 1 . Average wages are rising by 6 cents an hour. With the markets closing at 1 00 p. M. Eastern time ahead of the july 4th holiday, investors rallied. The dow was up 92 points at the close, a new record high of 17,068. The nasdaq closing at a 14year high and s p added ten. Thats also a new alltime high for the index. We have two reports tonight. Bob tells us about the dow reaching the 17,000 mark, and what it means for investors and the economy, but we begin with Hampton Pearson and a closer look at the june jobs report. Reporter junes robust employment gains are the latest evidence of a job market gaining momentum
A strengthening u. S. Economy. For the First Time Ever the dow industrial average broke through the 17,000 milestone after news the economy added more workers, pushing the jobless rate to the lowest level in nearly six years. Employers added 288,000 jobs last month, the fifth straight monthly gain of more than 200,000 sending the Unemployment Rate this time around to just 6. 1 . Average wages are rising by 6 cents an hour. With the markets closing at 1 00 p. M. Eastern time ahead of the july 4th holiday, investors rallied. The dow was up 92 points at the close, a new record high of 17,068. The nasdaq closing at a 14year high and s p added ten. Thats also a new alltime high for the index. We have two reports tonight. Bob tells us about the dow reaching the 17,000 mark, and what it means for investors and the economy, but we begin with Hampton Pearson and a closer look at the june jobs report. Reporter junes robust employment gains are the latest evidence of a job market gaining momentum
A strengthening u. S. Economy. For the First Time Ever the dow industrial average broke through the 17,000 milestone after news the economy added more workers, pushing the jobless rate to the lowest level in nearly six years. Employers added 288,000 jobs last month, the fifth straight monthly gain of more than 200,000 sending the Unemployment Rate this time around to just 6. 1 . Average wages are rising by 6 cents an hour. With the markets closing at 1 00 p. M. Eastern time ahead of the july 4th holiday, investors rallied. The dow was up 92 points at the close, a new record high of 17,068. The nasdaq closing at a 14year high and s p added ten. Thats also a new alltime high for the index. We have two reports tonight. Bob tells us about the dow reaching the 17,000 mark, and what it means for investors and the economy, but we begin with Hampton Pearson and a closer look at the june jobs report. Reporter junes robust employment gains are the latest evidence of a job market gaining momentum
Elst month, the fifth straight monthly gain of more than 200,000 sending cents an hour. With the p. M. July 4th holiday,clos a new rec 17,068. The nasdaq closing at a 14year new alltime high for the index. We have two reports tonight. Bob tells us about the dow reaching the 17,000 mark, and what it means for investors and the begin withr look at the june jobs report. Reporter junes robust employment gains are the latest evidence of a j market gaining stveraged 272,000 three months andained 2. Llun w spread with profe retail trade, h rs and h care with manufacturing all tndce day, presidenobam point. We just got a jobs report today showing tha seen the job growth in the United States in the first half of the year since 1999. [ applause ] so this is also the first time weve seen five consecutive months of job growth over 200,000 since 1999. [ applause ] and weve seen the quickest drop in unemployment in 30 years. The Unemployment Rate now at 6. 1 is the lowest since the 2008 financial cr