Steady at 4. 9 . Most of those gains coming from the private sector with 217,000 added. Revisions also up for the last two months. A net gain there of 18,000 jobs. Lets give you a look at futures and see how the markets are reacting and you see all up and rather sharply at this point. Jim, it was a good number by most ways to measure it, i would argue. Im curious to what your thoughts are. 75,000 more than expected, lets call it above at least the consensus, somewhere around 180,000. Even the participation went up slightly and were averaging 190,000 jobs over the last three months, and i believe the sixmonth average is roughly the same. Look, sometimes you get these numbers, when theyre bad you say it. You say geez, that economy is not that strong. Thats the judgment. When theyre good, you have to reach the opposite and say the economy is a little stronger than we expected. Juxtapose that with the gdp number we got. Well, i dont know. This is a number that says the consumer could be go
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
Implosion in data in the last 20 minutes. As we open surveillance, what we see is, look at the yields come in. Francine look at the yields, we are in a riskoff mood. Great speech by the anglo gold ceo. Ths saying there is no good out there. Ing tom i would go to the bloomberg terminal and look it up but i have to pay my bill. Francine lets get to the bloomberg news. Heres a funny heres vonnie. The yuan has condemned north koreas launch of a longrange rocket. The Security Council has pledged new sanctions. Taiwan, two survivors from the killer earthquake were pulled out of a toppled highrise building. More than 100 people are still believed to be trapped. Saturdays quake killed at least 37 people. German chancellor Angela Merkel is feeling the heat as she travels to turkey. Merkel plans to urge the turkish government to do more to halt the flow of refugees bound for europe. Theres pressure in germany for merkel to follow other eu countries and turn refugees away. New hampshire votes tom
Make deutsche makes news. Tenyear back is almost to 1. 7. Oil holding on to that surprising reversal from yesterday. Jack Dorsey Square up double digits on news that visa took a 10 stake in the company. Aig is on the rise after announcing a 14 dividend increase, most importantly carl icahn representative getting a seat on the board and john paulson also taking a board see the. And another heated democratic debate last night with Bernie Sanders again taking aim at wall street. Well bring you some highlights. And global banks getting slammed. Whats behind the selloff and why . Some names are starting to rebound this morning. Futures extending their gains after data showed january retail sales rose a better than expected 0. 2. A rally in oil prices helping to increase positive sentiment. Yesterday at an Investor Conference in puerto rico, Hedge Fund Manager john paulson told Michelle Carusocabrera that he believes the markets have been overreacting to economic news, though he stopped shor
Three day strike which had cut production by nearly half. In the meantime back in the United States data showed that stockpiles actually rose last week. Despite all you see oil prices down about 2 . The biggest intel earnings topping estimates. That is the good news, revenues were in line. The chip maker giving weak Current Quarter revenue guidance and as a result cutting its full year profit margin outlook. Shares under some pressure. But intel also announcementing it is going to be cutting 12,000 jobs globally as it works to diversify away from the struggle pc industry. This restructuring is a tool to do that. And what it allows us to do is to be more forget, to be more profitable and to increase investments in some of these new areas, things like the data center and memory, internet of things, 5g and opportunities in the client space where we can concentrate investments on areas we think we have great return and can generate for intel in the future. New roles and a formal search pro