Report and low in gasoline. One stock hitting a new low and that is retail. The xrt, that tracks retail, hit a 16 month low. So is the consumer in bigger trouble than we think. Lets get into the money and find out right now. Dan, what do you think . I dont think their in any more trouble than weve thought was going on. And i think this is a great example of fairy tales exposed for what they have been. This is a great point. The xrt was down 3 on a day we saw great jobs report and oil down and it should be great for retail and were not seeing to. So me, i think a lot of it has to do with unwind of goofy stories that have permeated the bull market thesis for a year. And a good job market would incorporate wage growth and we didnt see that. And that is not surprising. Because where we do have weakness in the job sector is areas with the higher wages, like energy, where the job growth in north america has seen and so you are trading off higherpaying jobs for lowerpaying ones and where ther
Amazon. Defending the Online Retail giants tax affairs. And americans celebrate fourth of july. Will scotland be getting its own Independence Day . Celebrate 35 days ahead of the crucial referendum. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Concerns have been expressed regarding the historical low Central Banks easing pressure. The bundes Bank President says the ecb needs tone sure rates and not kept too low for too long. Speaking at the same conference, he said governments across the eurozone should not view the kurnlt environment as an invitation. The emphasis should be on reforms which promote growth and productivity. And korea isnt the only one concern. President draghi had this to say. The Exchange Rate is a different issue. There, to some extent, there are many factors that influence the Exchange Rate. And i dont want to dwell on each one of them. The low levels of inflation, extremely low levels of Interest Rates do have an ef
12,000, Government Cut their teen thousand mainly in local education jobs, sectors that hired last month include retail up 55,000, no surprise given the Holiday Shopping season, attempt agencies added 40,000 workers and manufacturers added 9,000. Ashley the markets climbing from the lows of the day but still in the red. Lets head to the floor of the stock exchange, Nicole Petallides. Kind obama mixed reaction to this jobs report. Nicole you get the jobs report and there was nothing great about it. It wouldnt have been great if we added more jobs and the Labor Force Participation rate showed improvement. It did not do that so it brought uncertainty to the moment, the economy is not as good as we had hoped. That said the dow jones industrials, 16,400 down 41 points and the nasdaq lower, the s p virtually flat at the moment and also watching other names overall, looking at the indices for the week, the nasdaq and the s p look like they will squeeze out some gains but not the dow. The dow