We have a mega deal in the oil patch. And is it the time to buy tech . Citis upgrading the global tech sector, suggesting a recent pullback might be a good opportunity. Well talk through that as well. Lets dive into the jobs number. As we said, 336,000. We were looking for somewhere in the 150,000 range, jim. Hospitality, up 96. Government, up 73. You cant stop this thing. Hospitality is very interesting because a lot of the people feel the travel and leisure bull market ended two months ago, and yet its just the analysts. Because whether it be cruise, hotel, restaurant, the numbers are great. And everyones just predicting, well, that cant last, cant stay this way, and its always the same litany. Its student loan, consumer strap. It hasnt happened yet. What youre seeing are numbers which are still indicative of what the companies are saying, not what the analysts said the companies are going to say. No gibberish here. This is this economy is so hard to kill. It really is. You know, do
Jobkilling obamacare. We have to do that. [applause] i can tell you, we hope john mccain gets better very soon because we miss him. He is a crusty voice in washington. Plus, we need his vote. He will be back. He will be else sooner than somebody else will be back. We need that vote. We need a number of votes because we have to repeal obamacare. We will end up replacing it with something that is going to be outstanding, far, far better than failing obamacare where premiums have gone up in some cases over 200 this year. Where your, every single element of it is bad. The Insurance Companies by the way, are fleeing. Some states you have no Insurance Companies. We have some governors here. We have senators here. We have congressman and women, i will tell you it is a very, very hard time theyre having with the obama care situation. So, were going to get that done. I think well surprise a lot of people, but theyre pushing very hard, republican senators are great people. But they have a lot of
In play lower neutral straight. Neutral Interest Rate. It is something that can be estimated in retrospect and as we have increasingly realized, it has probably been trending down for a while now. Estimate of the longer run neutral rate come for instance, is one full percentage point lower than our estimate just three years ago. Thinking what is this discussion of esoteric mean to me. If you are a borrower, it means although the Interest Rates you pay on your auto loan or mortgage or credit card will they willep higher, probably not increase dramatically. Likewise, if you could inch higher after a a while, probably not by a lot. From savers who want higher rates. Fromnow beginning to hear buyers who want lower rates. Stronglyemphasize enough that we are not trying to help one of those groups at the expense of the other. We focused very much on the dual mandate i keep mentioning. We all benefit from plentiful jobs and stable prices, whether we are savers or borrowers and many of us of c
Higher. Its about to get worse as a passenger forcibly removed from his plane says he is liking about to have legaling a. We have breaking news with the aptly named mother of all bombs were sent to wall street. Kayla is standing by. Reporter melissa, the president is wheels up on air force one headed to maralago hours halfthe white house dropped the mother of all bombs for the first time in afghanistan. According to department of defense, it was dropped at 7 32 p. M. Local time from a u. S. Airplane in northeast afghanistan. Just about two hours from kabul. It targeted isis tunnel complex of the set devices that operates in pakistan and afghanistan, but not the headquarters for that group, according to nbc News Pentagon unit. Nbc news says it took place in an isolated area far from civilians according to two military officials, general John Nicholson call at this time right munition for the mission that the u. S. Was carrying out. General nicholson was said to have the authority to act
Combat the taliban and the Islamic State. They stressed the need to confront terrorism in all forms. One of the biggest events on the social calendar, the annual easter egg role. President trump welcomed families and was accompanied by the first lady. The white has expected more than 21,000 children and their adults. Thanl news powered by more 2600 journalists and analysts in more than 120 countries. This is bloomberg. Scarlet stocks getting a boost in the final hour of trading. What did you miss . Scarlet firing on all cylinders and accelerate to the fastest pace in a year and a half but for how long . Or power for turkish president erdogan. We will hear later on about the referendum victory. Netflix and United Continental report firstquarter results. Joe now lets look at where the major averages stand. Julie hyman is standing by. They had been strong throughout the day and taking another leg up. It appears it is linked to the mnuchin headlines we have been talking about in that inter