Nasdaq up by almost 10 points. S p down by a point. This comes after the markets closed at record highs again the longest streak of record closes for the s p 500 in years, going back to 97 or something and its six in a row, but remember two weeks ago and three weeks ago and four weeks ago, we were saying how many records there were back then this one didnt start until last thursday so the one that takes us back to 1997 it was 130 points yesterday on the dow or 113 after all these moves. 22,775, almost 23,000 on the dow. The s p 2552 and since the election, its 24 . 25 since the election 25 after yesterday widely predicted by so many if you want to see what happened overnight in asia, lets look the nikkei was up by 0. 3 , similar gain for the hang seng the kospi was up by 0. 9 in the early trading were already seeing taking place in europe, you can see things are mixed. The dax is slightly positive the cac is weaker. The ftse is up by a quarter percentage point stocks are weaker in ital
Switch shares up about 24 this afternoon. Well look at whether that treasury move could help juice the market for ipos coming up. Meanwhile, the new blade runner sequel hits theaters this weekend were going to look at whether this film can revitalize the struggling box office. Lot of fingers crossed in hollywood here as they bring Harrison Ford back one more time. Well see. Good luck. Hope it works. Lets begin today with a jobs report, though. Eyeopening number hs this morning. Our senior economics reports Steve Liesman joins us from austin with a breakdown of those numbers. Steve . Reporter yeah, bill, you had to cast your eyes down on this number here. But whats happening right now is people are really throwing out the weak number on the top line and looking to the details of the report and they find strength here. Let me show you what theyre talking about here the top line number minus 33,000 quite a bit below the 80,000 estimate you have the revisions to the prior months which were
Headline. I think that is good for american workers. Looking at the wage growth, the unemployment number is the bright news. Janet yellen said in a healthy labor market wage growth is between 3 and 4 . Wages begin to rise towards 3 , they certainly are. I think the fed is a slamdunk in raising rates in december. This confirms a story permeating the market. The fed has said they will tighten, therefore december is pretty much in the bag. I think people will rightly interpret the second move. They will go in december. Two and three times next year. Jonathan joining the is oksana, from j. P. Morgan asset management. Head of american fixedincome strategies. Coming to us from edinburgh, Senior Investment manager at aberdeen standard investments. I want to begin with payroll report. The estimate was 80,000. The number was 33. Wage growth came in hot. 0. 5 month on month. Almost three Percentage Points of the year on your figure. George, it was a whether impaired job report. We expected a hea
Getting real wage growth. 2. 9 wage growth is the headline. I think that is good for american workers. Looking at the wage growth, you are looking at the the unemployment number, which is the bright news here. Janet yellen said in a healthy labor market wage growth is between 3 and 4 . We are just about there. As long as wages begin to rise towards 3 , they certainly are. I think the fed is a slamdunk in terms of raising rates in december. This confirms a story that has been permeating the market. The data is Strong Enough and the fed has said they will tighten, therefore december is pretty much in the bag. I think people will rightly interpret that the fed can move. They will go in december. Two and three times next year. Jonathan joining us is oksana, from j. P. Morgan asset management. Head of american fixedincome strategies. Plus coming to us from edinburgh, Senior Investment manager at aberdeen standard investments. I want to begin with payroll report. Just whip through the estima
Headline. I think that is good for american workers. Looking at the wage growth, you are looking at the unemployment number, which is the bright news here. Remember, janet yellen said in a healthy labor market wage growth is between 3 and 4 . So we are just about there. As long as wages begin to rise towards 3 , they certainly are. And i think the fed is a slamdunk in terms of raising rates in december. This confirms a story that has been permeating the market. The data is Strong Enough and the fed has said they will tighten, therefore december is pretty much in the bag. I think people will rightly interpret that the fed can move. They will go in december. We think two and three times next year. Jonathan joining us is oksana, from j. P. Morgan Asset Management. George, head of american fixedincome strategies. Plus coming to us from edinburgh, luke, Senior Investment manager at aberdeen standard investments. I want to begin with payroll reports and just whip through the estimates in the