Fridays jobs number. Many ploa the federal reserves equation on when to raise rates. All in all, it wasnt too bad to 18,400, nasdaq dropped n the nine, s p 50 for the month, the dow and the s p were slightly lower. But it was the first but the nasdaq did m 1 gain. So, now that august is in the what can we expect . Don chu gives us a history lesson. After whats be te brexit vo, some are anticipating what could k from their vacations an get back to work crisis go back to area, the last six years, stocks became have seen more volatility september, but it ends up being flat. In september, but its only been a 5050 split on whether the month was president oba o t duri of september through december, the trends have been more positive. S p 500 has gained over 4 on of the time. G t Health Care Stocks are among the better performers. Meanwhile, energy is among the lagging. Now, remember, were talking average numbers here and time frames do matter. September though remember, filled with potential
Fridays jobs number. Many ploa the federal reserves equation on when to raise rates. All in all, it wasnt too bad to 18,400, nasdaq dropped n the nine, s p 50 for the month, the dow and the s p were slightly lower. But it was the first but the nasdaq did m 1 gain. So, now that august is in the what can we expect . Don chu gives us a history lesson. After whats be te brexit vo, some are anticipating what could k from their vacations an get back to work crisis go back to area, the last six years, stocks became have seen more volatility september, but it ends up being flat. In september, but its only been a 5050 split on whether the month was president oba o t duri of september through december, the trends have been more positive. S p 500 has gained over 4 on of the time. G t Health Care Stocks are among the better performers. Meanwhile, energy is among the lagging. Now, remember, were talking average numbers here and time frames do matter. September though remember, filled with potential
Are faring and as we do, given that employment number, the 10year note yield, Strong Performance for the equity markets in europe and there is a look at a yield that has come down a few basis points. Had been above 1. 6 yesterday. Crude up today reversing a slide recently. And well see how all the equity markets fair. The employment report ahead of the fed policy meeting later this month. Ladies . The Research Notes are flying in the inbox already. What are they saying in. Takes pressure off the fed, forget september, its not going to happen. Here we go again. Were in this perverse world where a disappointment on the economy, is very positive for equities. You see the rally, the dollar weakening, treasure yields go lower tells a tale of a fed that might not have to hike Interest Rates. Its not a total disaster in terms of the jobs report. If you break the report down it came in below consensus but were also coming off a strong stretch for june and july. Unemployment Holding Steady at 4
There is quite a lot going on on the bond markets. Mike you are wearing a falllike sweater. Maybe we are past the end of summer and there is a seasonal adjustment problem. Sudden, there is a lot of news affecting the markets. Does it last, does it change direction . As i knock into my microphone there. Francine it still feels quite binary. Lets get to the bloomberg first word news. Here is sebastian. North korea says it has the ability to make Nuclear Weapons that will fit onto rockets. Regime conducted its fifth nuclear test. The president of south korea called it an act of maniacal recklessness. In france, police have arrested three women who were plotting imminent terrorist attacks. Earlier this week, a car containing gas canisters was founded Notre Dame Cathedral in paris. The u. S. Secretary of state john again. S back in russia earlier this week, the United States complains that russia has backtracked on agreements to end the syrian civil war. May is allowing the creation of new
Futures seem to be negative. In a repeat of yesterday, down in the european session about dow. Points on the then we come back up as things start to unwind. Be interesting to see. Kicked back nicely yesterday. Pause or are we seeing a rotation or minitemper tantrum . That. Ll be dissecting we have some great guests for tabckling the feds. Scott e joined with minors. He will reveal his big call on year note. Plus, later were going to head buenes ares. But first, youre standing by to market. The it felt a little bit down this morning but except you look at commodities. Governors brainards speech. Struck by her. Ne they were. Wasfollow through to europe as follows. Three days of losses. We snap that up. Yesterday, a softer dollar session. Little reverted just a bit with the bloomberg dollar index up by quarter of 1 . Happening on the cable rate. Down by half of 1 . Inflation in the United Kingdom came below estimates. Downside surprise potentially the door if they so wish to cut rates aga