Going to have to deal with and maybe today were finding out. Is that what this is yeah, but ill tell you whats so interesting. There are very few people, i believe, who really thought that the rosy scenario was going to occur. I know we had that press conference this weekend that was a little disorganized, but the sudden recognition of a number that i think, unfortunately, a lot of people really kind of hoping wasnt going to happen is jarring the market but and i by the way, jeffrey gundlach, hes right this is one of the easier rollovers to predict but i want people to like look into their own brains and hearts and really, really answer, did you really think it was only going to be a couple thousand people did you really think that . When they finally announced that number, if that should cause the selloff, then youve got to rethink whether you want to be in stocks. Because i think that theyre just making up numbers, as dr. Fauci says hey, thats the input so dont sell on that. Sell bec
Highest on the street. Well debate in our call of the day. Plus ten Growth Stocks that look attractive right now. The Investment Committee is ready to go. Halftime report starts right no now. It is good to have you with us on this wednesday steve weiss, carrie firestone. Also with us on set is mike wilson, the chief u. S. Equity strategist at Morgan Stanley we begin where else . The market stocks are reversing significant overnight losses to be mostly positive now, s p and nasdaq hitting new alltime highs clearly this seems is the marke making a bet, that while tensions with iran may continue, the conflict will not. Lets see if we can simplify a complex situation. Obviously the geopolitical tensions cause volatility. What keeps the market on stable footing is liquidity and the fed and everything its done to increase liquidity and give stability. Where you go in the short term is a balance between those two were seeing struck right now. In the long term, we know what we need. Earnings g
President ial candidate in a new letter and beijing roll out and new salvos in the streaming war this time from apple and netflix. It is friday, november 1 Worldwide Exchange begins right now. Good morning, your chart of the day has to be pintrest shares start to sink much more on that stock coming up check out that move off by about 20 at this stage. Stock futures open up and the dow jones by about 40. Nasdaq up by about 20 as well. The s p is trying to bounce back from its worse day since october 22 all of this after that key purchasing data. The 10year note yield 1. 69 twoyear note 1. 53 as well. Reaction out of china. Nikkei off by. 3 china rose in the fastest pace in europe, we are seeing some of that positivity as well. The german dax up. 4 . Cac up about. 3 back home, investor attention should be on the october jobs report three and hey half hours to go economists are looking for a gain of 90,000 new jobs down from 136,000 in the month of september. Unemployment rate should tick
Key read on manufacturing in the next hour. Plus, streaming wars, apple launching its tv plus platform today. It is the latest volley in the original content battle between media and tech giants. And pinterest plummeting, losing a third of its value since peaking in august. And the Growth Strategy for starbucks, Kevin Johnson will join us first on cnbc this hour. Lets get to the jobs number, october payrolls well above expectations at 128k despite the gm strike. Unemployment goes down goes up to 3. 6. Wage growth 3 from a year ago jim, hard to find things to quibble about this month im going to come back and say youre going to have a the beginning of cracks in manufacturing. There is still two economies the twothirds of the economy that is consumer is doing very well the other third is not doing well and we can i dont know how long we can go with only twothirds i think pretty long. But when you if if they shut down boeing 737 max, youll see very different numbers i just think these num
Planned to ask the u. S. Not to impose tariffs on december 15th, 15 tariffs. Not seeing the Vice President s speech Strong Enough to stop the trade progress. Still chinese saying the speech was full of arrogance, hypocrisy as well as lies. Spokesperson for the Chinese Foreign ministry pushing back on the human rights accusations. Turning it around on the u. S. , highlighting income gap between rich and poor, pulling back from treaties and mass shootings. We advice people in the night to take a good look at themselves in the mirror to recognize their own problems, manage their own affairs. Vice president chief of staff made a point directly, to talk plainly to the chinese government, plus tell them that the u. S. Is willing to work with them. I think the Vice President extend ad hand to say we do not want to decouple from china. Were anxious to have a trade deal. At same time, what i think we have seen administrations do, republican, democrat alike. Once we allow china in the world trad