Thats the strongest of the expansion. Well get to all the numbers of the premarket relatively steady. Europe is mixed. Yields actually if you just heard ticked up on that wage data. Factory orders, rig count and fed speak today still on the way. Roadmap begins with 156,000 jobs added in december, below what the street was expecting. The last jobs number under president obama. First it was ford then it was gm. This time the president elect goes after toyota sending alarm bells across the nation of japan. One retailer reversing the trend, gap shares are surging after a better than expected december helped by old navy. Well get into that. Aside from the december payroll figures, the Unemployment Rate coming in at 4. 7, as expected. And we mentioned earlier average Hourly Earnings up 2. 9 from a year ago, thats the biggest increase since 2009. Participation relatively flat, jim, i know you looked at with the revisions over the past two months people are calling it a bit of a push. I think
Than expected. Early cyber monday show record sales. And speaking of retail. Tiffany shares are on the rise this after a big beat, traffic gains but will the most hype prod file resident have an impact on tiffanys fifth avenue store . Were going to tell you what they said on the call. At t unveiling its directv now service. The streaming service will start at 35. Will this be the Tipping Point for future cord cutters . But first up the economy was stronger in the Third Quarter than the government originally thought. Advised up, that is the fastest pace in two years. The numbers out one day after the trump rally took that detour in the russell snapped that 15day winning streak. Virtually all of the improvement is consumption, jim, which is now 69 . People are going out, doing things, i think people this cyber monday, numbers look good. No singles day, but its like 1, 100th. The setup is such that Interest Rates have to go higher prp even from here. Youll see the banks continue to move b
For the week but look at that. Were just off the highs of the session right now with the dow up 286 points. We have been tracking overnight sessions in japan, which is hit really hard this week, down more than 10 . But we have black rock global chief investment strategist joining us and he says the market looks attractive right now. Is square a takeover target . Visa revealing its stake in the Payments Company and some on wall street say the move could be paving the way for m and a in the category. Watch out netflix, apple is preparing the First Scripted Television Series starring dr. Dre. We will get details coming up. The markets soaring right now, what happened to all of the recession talk this week . Some say the economy and stocks are actually telling us two Different Things right now, Steve Liesman has what the economy is saying and dominic chu looks at the market. I love starting a debate with my opponent mortally wounded because stocks are higher. Im not more tally wounded. Its
Currently, it is down just slightly, but still the elevated levels hovering at just 26. Last week it hovered at 36 which gave some investors pause. The dow is down about 6 in august. The s p is off just about 5. 5 . The nasdaq is down close to 6 as well. Year to date, though, the nasdaq is actually the only major average that is positive by close to 2 . So far, this year. Certainly, a decidedly different trade for the nasdaq on the year. Biotech, some of the highflying tech is helping that. But a 2 gain can be fixed quickly as volatility continues. If its up 100, are we going to say its unchanged . I mean, its nothing, right . It was basically unchanged. 100 points, lets get the latest out of china. Overnight, the central bank injecting 220 billion. And now beijing abandoning the chinese stock market on largescale share purchases. Instead, the paper says chinese efforts will step up efforts to find and punish those destabilizing the market. The benchmark shanghai composite closing down
That stock is undervalued. He thinks it should double in price, kelly. Hes also talking about them getting into tvs, bill cars batteries. A lot of great fodder for industries that should be paying attention. Maybe he wants to merge apple with tesla . Or going back to his investment last week in lyft. Charlie evans said the fed should not raise rates until next year. Will that power up this beaten down sector . We will hear from both sides, coming up. And why you had a little hint here from melissa lee a moment ago. Why is Consumer Reports calling teslas 120,000 top of the line car undrivable. You dont want to hear that for that expensive a car. There is a twist, bill as ever with this one. It is an interesting story. Thats coming up. In the markets right now, the blue chips, Dow Jones Industrial average bolstered a little bit by apple as bill mentioned. Up 0. 25 . In record territory. The s p is as well here at 7 points higher on the session. The nasdaq adding 31 at a level of the mome