Level thats needed to provide for new entrants in the labor market, we do have a strengthening economy. With policy accommodative all youre doing in raising rates is removing a bit of accommodation heading toward a neutral pace. And i see that is appropriate. Were not moving so aggressively as to put a break on continued improvement in the labor market. But i think that thats a prudent move to move in a gradual way with unemployment now. And not only the Unemployment Rate, but i think any indicator of labor Market Performance and tightness that you could look at whether its household perceptions of the availability of jobs, difficulty that firms report in hiring workers, the rate at which workers are quitting their jobs, the rate of job openings all of these indicators do signal a tight labor market. Now, with inflation below 2 , i think its appropriate that the labor market be that tight but on the other hand, i think we want to avoid the risk. We want to keep the expansion on sustain
Insights, and we cant resist this graphic the title wilfs world was to offset bank stories from me . I dont know. Were rivet by what you may have for us you wait. You really will be big stories. Anyway, we begin with snap falling to the initial Public Offering price, 17. Bob is at snaps close here on the floor of the New York Stock Exchange hello, bob take a look here we bounced two hours ago snap hit 17, right now, 17. 20. Public offering was covered, i was here for that at 17 march 2nd, high as 29 the next day, but started dropping, and when we got its first as a Public Company own may 10th, disappointing user metrics, disappoints growth metrics, stog stocks down here why is that important . Waiting for the tech unicorns to go public, and when you got one of these that is at 17 at its price, thats not a good sign. Thats a value conscious right nowing and with high price tech ipos waiting to go public, thats a problem now, weve had them go before their ipo price before, and you know w
Getting through as many as we can. Its a jampacked two hours. Why niles shorts amazon on the back of the deal, and former walmart ceo, bill simon, why walmart has more to worry about other than amazon. Bill miller, a bull on the stock, and talking to him about valeant, and alexander accosta reacting to President Trumps comments on cuban policy lets get to it we have details of the amazons deal to buy whole foods and what it means for rivals. Mike, this is a little bit of what it means because ramifications have many, many ripple effects, but the deal to buy whole foods makes it amazons biggest acquisition to date, and one thats royaling grocery and retail stocks. Amazon says it will maintain the whole foods brand with the ceo and cofounder somedaying at the helm, for now. The overlapping is high already, and the stores are are located close to many amazon distribution centers, which is an interesting point the partnership certainly arms whole foods with logistics and data expertise, an
It might be. As you know, many tech stocks have been sinking, one Stock Traders say can make you money going order, that name is ahead. First. I taped it. You are welcome we captured main street, amazon buying whole foods, shares of both those Companies Rising today. But, that deal scared investors away from pretty much every other consumerrelated company, from big box stores, the entire ecosystem lost a combined 30 billion in investor value today t. Fear is amazon will, well, amazon, its a trillion dollar industry gorgeous guy adami. Yes, sir. Any of the names whacked today deserve another look first of all, grad to have you on second of all, i thought target was a screaming buy. It made i think a 52 week low today. You have to say yourself the move is warranted. I can understand these stocks selling off a little bit not nearly to the extent they did. Are these names worth a look yes, i believe they are. The first i would say is walmart i think if anybody can combat amazon or play at
Through tech, but a number of others staples getting naileded even banks gave up much of yesterdays gain if rates continue to rise on fears of Central Banks, can stocks continue to rally or will with see another taper tantrum like sell off. I think if you go back to the taper tantrum of four years ago, which is when we coined this annoying term, the s p pulled back about 5 , but bottomed literally almost four years ago today. Other Asset Classes sold off 15 . We went from 165 on the tenyear up to 3 could duo that here . I dont think so but i think what you have here is the central bank across europe and across the boe. We talked about this all week. This has been the story all week not just today bond yields move up 80 . I think the its a great environment for banks. For reflation trades i think emerging markets will do better this time will equities be unnerved for the next week or two if this continues . Absolutely what you saw today about 7 00 in the morning, bond futures really tak