Power lunch starts right now welcome to power lunch this september friday. Stocks are on session highs. The dow topping 22,000 for the first time in two weeks. Nasdaq trying for another record the s p 500 having its best week since april. All three major averages on track for a second straight week of gains check out movers wynn resorts trading at levels not seen in two years. The big news today, american jobs creating engine wilting a bit in august. Only added 156,000 jobs last month, below the 180,000 that economists expected. Senior economics reporter Steve Liesman is here to take us inside the numbers it is cooling, coasting, stabilizing . A lot of negative words used in the intro i dont know if i agree. Job growth did slow. Came in below expectations but is a decent report the population is growing at 80,000 thats what we should expect were almost double that number, still enough to take some workers off. Ism manufacturing, one of the highest numbers in a while more about that in
Category 5 storm still lets move on to another update for those of you in florida. Added to the hurricane watch what this means is hurricane conditions could move into your area within the next 48 hours. A lot of you are preparing right now. If you havent started, this is the time to do so. Again, as of noon we are adding to the hurricane watch there has been some updates to the track. Not much slightly off to the east but still the cone of uncertainty through the entire state of florida. I dont want you to focus on track. I want to show you why because if youre anywhere in florida, youre saying, oh, you know, i dont see the ocean, you could still be impacted by the storm with tropical force storm winds. Check this out lets say Hurricane Irma does not make landfall but scoots along the coast, still, Tropical Storm winds could extend 185 miles across that would take up the entire state of florida Everyone Needs to make sure theyre taking the proper precaution and keep an eye on this wel
The chair the gentleman will suspend. Pursuant to House Resolution 504, the gentleman from new york, the gentleman from new york, mr. Serrano, and a member opposed each will control five minutes. Mr. Serrano sorry for interrupting you, mr. Chairman. My amendment is very straightforward and prohibit funds allocated in the bill being used for the construction and operation of private forprofit prisons. The use of private the use of private prisons in our country is in a crises. People are being locked up in a facility that doesnt respect basic human rights. One in four people behind bars worldwide is in a United States jail. Thats right. The country with less than 5 of the worlds population accounts for a quarter of all the worlds prisoners. In fact, our prison population has continued to increase over the past few decades even as statistics have shown a decrease in crime. According to the f. B. I. , violent and Major Property crimes are at a historic low. Nevertheless, more and more ame
Exchange on cnbc. Im wilfred frost. Im Courtney Reagan in for sara eisen nice to have you here today not on my own. Youre not on your own. We didnt strand you today very nice i feel relaxed good to have you back here lets have a look at the markets. The fed remains center on wall street today investors continue to digest the news that the central bank will begin winding down its 4 4. 5 trillion Balance Sheet next month. Yesterday the markets did not sell off the dow was up 0. 2 . The s p and nasdaq were either side of flat there was even room for bank stocks to rally the best part of a percent. Energy is the best performing sector bottom line is markets did not sell off theyre not selling off again today. Essentially flat in the premarket. Tenyear treasury note we did see a reaction. The peak was just shy of 2. 29 yields did increase. We are just slipping down a bit from there in general, the reaction was yields up a bit, and yield curve flattening a little bit. Of course yields had al
I like it watch weeks later. Its relevant yeah. The wisdom. Absolutely. Global markets report lets check in on how were coming out of the overnight session. Looking at u. S. Equity futures the dow, s p a bit lower implied for the open same for the nasdaq. Coming off records again yesterday. How about overnight in asia. Well see how they react to the feds tightening yesterday which did not phase markets. The nikkei is up 0. 2 . I believe they had an earthquake in japan overnight as well the shanghai down about a quarter of a percent european equities, seeing how the theyre continuing, green pretty much across the board. France and italy leading the way with a half percent of gains ftse just a bit higher crude is coming off a flinday win streak you know, crude for wti is over 50 a barrel brent over 56 a barrel both down a quarter of a percent. Small declines for nat gas well talk about Hurricane Maria. Just thinking, japan, mexico, maria. Think about the last 30day period i know. Normall