16,464. A moment ago we were at 459. We are above that now. If you didnt know any better, you would think bill didnt miss anything. Everybody tuned in the last two weeks know bill missed the plunge of more than 1,000 points that monday morning, august 24th. I had no idea. That was my Moms Birthday actually the dow traveled 10,000 points more than that in just that week. Oil was bouncing all over the place. You missed its oneday biggest gain since 2009. There was volatility that started to happen before we left. That index did double in the month of august on a percentage basis. Today its back at 25 right now which in and of itself puts us in yellow flag territory. What did we learn . What does this mean, kids . This is the overarching question well ask as we watch the dow now having another big move. Its up 367 points on the session today. As for todays market move, financials and technology have been leading this way higher. Weve got financial analysts to tell us which stocks investor
Fed to hike. Tens around 2. 15 and oil is north of 46. Road map begins with the jobs number falling short of estimates and whether this changes the math for the fed in september. And disney flexes its promotional muscle. Force friday is upon us and star wars merchandise is already selling out. Also ahead, no news is good news, or no news is news. Twitters Board Meeting comes and goes without a ceo announcement. First up the ball is in the feds court. 173,000 nonforeign jobs developed in august. Thats below consensus. Marks the smallest gains in five months. Unemployment rate falls. 2. Thats close to a 7. 5 year low. We had some we mentioned the revisions. August tends to be revised up on average about 75,000. Again, the talk is where is that line for the fed . What would have been Strong Enough for them to hike, lacquer on the tape saying he didnt care about this number h. Hes ready to move. We knew that from the title of his speech. People will Start Talking about the fact that you me
Correspondent Steve Liesman will go through the recent statements from med members and say what it all adds up to concerning the september 17 decision now just seven trading days away. Mandy is live at the New York Stock Exchange with mary thompson. Mandy, i said im going to let this thing grow until the market turns around, so its got about three hours left. Is that why they turned off the lights so you could come out and big reveal, the big spot light on the hair . Love it. Looks great. All right. Good to see you. Welcome back. Good to see you as well. Stocks in rally mode just off the highs of the day and nonetheless up by 282 points with tech and health care leading the gains. Mary thompson joins me on the New York Stock Exchange floor. Mary, just a moment ago im sure you just heard josh brown saying if youre bullish lets hope this rally today holds. I think a lot of people are hoping for that because as tyler mentioned at the top of the show, a lot of the notes over weekend are st
Soros relies on his analysis and you will see him at 9 00 this morning. Right now, a little more on what topeveloping and time for stories. A new poll shows that Bernie Sanders has narrowed the gap with Hillary Clinton in iowa. According to a poll, it shows sanders now 33 30 . He has picked up 25 percentage point since january. Sanders spoke about his growing momentum on cnn. Not only in iowa, or new hampshire, but in this country, we are generating enormous enthusiasm. People do not understand why the middleclass of this country is collapsing while the same time all the new income and wealth is going to the top 1 . Erik for the republicans, donald trump is out in front followed by dr. Ben carson, ted cruz, and scott walker. Present obama is getting closer to be no support for the iran nuclear deal. Senator merkley says he will support the deal. He needs three more votes to sustain the veto in killing the deal. The Obama Administration is close to making sanctions for hacking into comp
How this all plays into the Federal Reserve. I like jims point there in Halftime Report which is if they dont move in september, were goi in december, were going to drive ourselves in sane. This is right in the sweet spot of the feds full employment number. Maybe that number is going to come down but right now theyre between 5 and 5. 2 . Over to the 173, thats the payroll number for august. Thats below the 220,000 that was forecast but several economists, many economists, point out august has been consistently revised higher. The most revised month of the past five years. You by 75,000. We also have positive revisions and a wage number that was a little bit higher than expectations. Some of the calls made expost after the number came out. Wells fargo, ubs, bank of tokyo, all affirming or saying they are in the september camp for Federal Reserve raising rates. With. September, there are good names over here in december. All these in the december camp. Quickly some of the arguments. Reas