Expected i think were going through a period of i hate to use that cliche, rational exuberance. People want to get back in the market and theyre being when you see this nickel you featured highly for the last couple days, people are just anxious to put money. Theres a lot of money on the sidelines. And i personally think that we should be concerned and be concerned about whats ahead for the economy. The rest of the summer and into the fall i mean, i think were living in artificial dream world at the moment i think unemployment is going to increase i think that businesses are not going to come back to work as fast as they have. On the other hand, on the other hand, and im going to be selfish, we have companies that are doing well in this environment. But they in special neariches. There are companies who are going to increase and probably certainly a company like facebook and apple and several of the others you mentioned are beneficiaries of this times were living, the Delivery Companie
It wants first a check on the market the bulls with strong earnings from amazon. The dow near session highs, up nearly 200 points and a release in yields as they pull back from recent highs. Interesting here. Tenyear, we were talking about 24 hours ago at 4. 2, today closer to 4. 1, which is good news the wage growth in there was a touch hot, but you take into account the work week actually shrunk and the total payout was lower than expected. And our bob pisani was talking about this as a g goldilocks number. Looking for inflation data in the coming days. Meantime with payrolls missing expectations, the u. S. Economy did add about 187,000 jobs in the past month only 2,000 more than the revised june number. And the smallest increase since december of 2020 our next guest says to focus on the long run keep a close eye on dividends this earnings season and also look to fixed income given the bond yields. Joining us schwab asset manager omarin omar. We saw a little normal sensation of the l
The first officers heard the gunshots and they still ran through that theater. They do an amazing job protecting us every single day. Im grateful for their heroism and i think well hear other stories from folks inside the theaters as details come out. Were switching gears this morning. We have breaking news right now. It is now official anthem is buying cigna for 188 in cash and stocks. The transaction valued at 54. 2 billion on an enterprise basis. This of course, a transaction thats been long in the making. Weve talked about it over and over as other deals have come and gone. Weve seen etna now merge with humana. There will be issues and questions in washington about regulatory questions, about consolidation. Just to give you a couple quick breakdowns, its 143 per share in cash 0. 5152 shares in anthem stock. You might remember this deal was held up for at least a bit because of questions about the roles of the different ceos in this. Questions about what was going to happen to David
Tornadoes and flash flooding. Before that lets take a look at the market. The u. S. Equity futures shaping up to a positive day with the bulls if they stay for the early trends. S p fauutures up by 3. 5 and nasdaq up by 14. Lets tell you the big stories were watching this morning. The april employment report due at 8 30 eastern time. Forecasters say the economy added 228,000 jobs last month. The Unemployment Rate is seen declining to 5. 4 to a near 7 year low but of course there are lots of varying views on what this could all mean including some much higher estimates and also much much lower estimates. Also Billionaire Oil man boone boonepickens say oil will hit 75 by end of year. He notes Oil Inventories peaked. And the New York Times reporting that Taxi Service Uber submitted a 3 millioned by for nokias map business. Its a competitor to google maps. Theyre teaming up on an offer for that service as well. Google bought waves too. Ways still has its own app. They have their own app. T
Then well keep our eye on europe as well, the mix of red and green, a little more green than red on this friday morning. The road map begins with the potential new record for the s p, starting from fresh highs we reached yesterday, strong results from Morgan Stanley and ge will help power things along. Google is also set to open at record highs after it reported Strong Quarter live results. Chinas economy rebounding to the tune of 7. 8 growth for the worlds second largest economy. And shares of chi polt up sharply on a jump in traffic. I could have told you that one from the lines i see. The s p is poised to open at new alltime highs. Morgan stanley chairman and Ceo James Gorman will be a guest on squawk on the street in the 11 00al eastern hour. Lets start with ge. A margin story that has been promised all year long, 120 basis points. I think that was terrific. On top of the 50 basis points in the second quarter. Things are getting better, industrial margin guides i think is very doab