Created 4. 8 million jobs, and that is much stronger than expected almost every single sector improved, bringing the Unemployment Rate down to 11. 1 . Isnt that the kind of news that makes people want to buy pretty much anything . Then the rally did taper off near the end of the day. The dow only dwayne e gained 92. Those are big numbers, but we got spoiled, didnt we what do these numbers mean what reflects the state of the labor market in the middle of june how does it impact your money . First, you need to understand that were still nowhere near where we are before the pandemic struck we still have a lot of ground to make up. The economy was smoking hot. I, however, think its a legitimate comeback. Its a legitimate comeback and a comeback gives you more latitude to buy stocks that depend on a healthy economy, not just an unhealthy one. But these are before the latest outbreak thats forcing many stocks to go back into lockdown mode, so its a glimpse into a post covid future that we ha
Plus, tesla, speeding off to, yes, another record high today what the company said about demand that sent shares into overdrive. Later on, break out the sparklers. Were ushering in the fourth of july with some allamerican stock picks. We will start with 4. 8 million reasons to rally thats because thats how many jobs america created for the economy last month, blowing away economist expectations wall street rallied on the report with the s p 500 finishing the day up about. 5 Something Interesting happened in the market today that we dont often see. We had stocks up, bonds up, the u. S. Dollar up, gold up. So, tim, whats up with todays Market Action . Ill talk about what stocks need to move higher. The macro, again, its not necessarily something to do cartwheels in absolute terms, but in relative terms to where we are, weve taken back onethird of jobs lost we had pmis around the world better this week, housing numbers that were better bonds should be slightly selling off here except for
Maybe i should go. Unable to speak at her First Press Conference since that deadly car crash near her home in florida. Will she be able to go on at wimbledon . Fireworks inferno. Fourth of july festivities sparking a dangerous blaze in arizona. Flames shooting up as families celebrate the holiday. The dry and hot weather canceling fireworks displays as dozens of wildfires burn across the southwest. Hey, good morning and happy fourth, everybody. All morning were going to be celebrating this Independence Day all the way from washington you see those iconic monuments to new york city with that live look at lady liberty and she is looking quite festive. Also in new york city theyre getting ready for the macys fireworks display as people hit the beaches and wave the flags on this Independence Day. Are you going to do any of those, fire up the grill my wife and son are up at grandmas place so im going to watch whatever i want on television tonight how about you . Ill be going to the firework
Toronto mayor rob ford is out of rehab and back on the job this morning. Good morning, joining us at 6 00 oclock hour, thanks for waking up so early. 6 01. Do weather on the ones with caitlin roth doing traffic this morning, hi caitlin. Good morning, to you chris and karen. Good morning to everybody else. If you are just waking up and joining us, bet on the hot weather today. It was humid yesterday but temperatures stayed in the 80s. We should break in the 90s today. It could be day one of the three day heat wave. I think by thursday rain will keep us cooler but then we are dealing with rain. That being said we have a six. This is my go too number on the hot, humid day, somewhere in between. Were mainly dry, we will see sunshine but hot and humid with the heat index values in the upper 90s by Late Afternoon and a slight, slight chance of thunderstorms. Bus stop buddy ready for the pool, he has his dog mug which him and in the pool. Thank you. And he has his u. S. A. Colors on, his red,
Huge deal there and High Pressure in place for the entire day. Heres the shore, where we have some sand there but overall, very quiet seas right now. Clear skies. Beautiful start to the day. We can expect eventually to see temperature climbing nicely to the lower 70s both down the shore and in philadelphia it is cooler by comparison then yesterday but only by a handfull of device. Seventeen in philadelphia on 19th is seasonal. Lower 60s at best here. Looking forward in the forecast we will go from average, to well, just frankly below average here. By tomorrow we will see temperatures taking a dive. That is courtesy of the frontal boundary that will stall out and another area of le pressure that rides along it. Not only cool down there but also some rain we will track and we will do just that later on in the show, torey. Quite a drop. Umhmm. Good morning everyone. We are seeing a drop in Speed Sensors on our majors that we would usually fine rush hour traffic. Traveling on the 30 bypass