Completely kicked out in every Wearable Technology device there is out there. Were talking about the Consumer Electronics show in las vegas. Then we are also keeping ni on exsac capital manager. Jury selection . It starts today. Thinkingrs started out they were going to flip this guy, and here we are in the first day of trial. Quite markets. Delayed labor report this month. We will have the jobs report on friday. Futures up 7. They rebound nicely. Tenure is cut in the last number of days to 2. 96. Euro just nothing. Nymex, 93. 84. This is the unemployment rate. Youve got to get back to 5 . What a great trend. A lot of jobs formed here, but that is the chart for the week. That will be the chart that chairman yellen is decidedly focused on. Were you warm last night . It was cold. It is the real deal. All you need is the right equipment to get through it. Basically, you dont need to go outside. We scour the front pages this morning. Lets continue this cold theme. In the midwest and the no
Not born on the football field. An important day for jobs, economists and investors at the edge of their seats. 197,000 jobs. Then the clock strikes 8 30. 74,000 jobs added, but the Unemployment Rate dropped 6. 7 . 74,000 new jobs in december. Economists were expecting 200,000. It is very surprising. Somewhere between puzzling and worrisome. I am intrigued, mr. Elerian. Puzzling because it is such a strange number. 74,000 jobs that were created. Even if you add in revisions from last month, you are at half of what consensus was, it is inconsistent with other data. It is worrisome, remember that. If you look within the report, you get pretty worrisome things in terms of what is happening to labor participation. Back to levels since february 19 78. Longterm unemployment 38 . What is the impact of the weather, how much of this is temporary . It is a shock. Shocking, yes. Mohammed elerian mentioned the Labor Force Participation rate, 62. 8 . The last time it was this low, 1978. Jr biglow m
Gain momentum in the Fourth Quarter. In china, imports rose the most in five months in december. It says perhaps that domestic demand in china could support economic growth. That is certainly what chinese leadership wants to see. It is job stay in america at 8 30 a. M. , we will get the nonfarm payroll report and we will find out what americas Unemployment Rate is. No earnings to note today. That is the story. Lets get a data check. We are up. Vxx is under 13. The next board is not telling us much. Dealwo year yield is a big migrating ever higher. The dollar is barely above 81. Looked at the papers today and its all about Chris Christie. It is all over the national papers. His effort to put the bridge scandal behind him, a federal prosecutor is now looking into this orchestrated traffic jam organized by his aides. He apologized and has fired a top aide for lane closures at the George Washington bridge. It is not clear what it means for his president ial hopes. It depends on whether thi
Madison square garden. Some fancy footwork. Ts for the super bowl, not born on the football field. Jobs,ortant day for economists and investors at the edge of their sheets, of their seats. 197,000 jobs. Then the clock strikes 8 30. 74,000 jobs added, but the Unemployment Rate dropped 6. 7 . New jobs in december. Economists were expecting 200,000. It is very surprising. Somewhere between puzzling and worrisome. I am intrigued, mr. Elerian. Such aling because it is strange number. 74,000 jobs that were created. Revisionsu add in from last month, you are at half of what consensus was, it is inconsistent with other data. It is worrisome, remember that. If you look within the report, you get pretty worrisome things in terms of what is happening to labor participation. Sinceo levels february 19 78. Longterm unemployment 38 . What is the impact of the weather, how much of this is temporary . It is a shock. Shocking, yes. Mohammed elerian mentioned the labor force dissipation rate, 62. 8 . Lab
The country became the first in the world in which more than 20 million vehicles sold in any given year. As you know, production in the rather, are at 16 million. China has three times as many as americans. 20 million vehicles in a single year is staggering. Lets move to economic data. We will have jobless claims they. At 9 45, the comfort index will give us an idea of what is going on in the economy. German Industrial Production is a good economic data. That is a back shop. We are entering earnings season. We have Family Dollar and supervalu. After the bell, we will have alcoa. We look at stocks, bonds, commodities. 18. 38 on the s p 500. The euro was weaker yesterday. A rebound today. Nymex crude slides down. We will talk to vince later on about inflation and deflation. On to the two year yield windows week canada become a big deal for you . Currency is already a big deal. 1. 08. Is that ken dryden was talking about how parity is making canadian teams competitive again. . 63 dollar.