Expected to hold steady at 5. 3 marking a seven year low. Again the report will be released at 8 30 a. M. Eastern time and its one that the fed is watching very closely. The last jobs report before they try to decide if theyre going to raise rates in september. Welcome back. Thank you. We talked a lot about those rates. Weve seen lockhart say theyre going to do it. We had powell on who said still data dependent but a lot of people swinging toward september. Yeah, you called this awhile ago. Well, Wishful Thinking that they quarter point, you know . You can do it. You can do it. Its not going to nothing is going to happen. You can do a quarter point. Im going to talk about the markets now because were going to focus on the jobs report and i decided that im kind of glad that were cnbc and Business News. Im still thinking about what i saw last night, what i witnessed and i want to talk about it but im glad we can talk about real other stuff, you know what i mean . It was fiery. It was row
More time in space than any american. Only on cbs this morning, she delivers a note to her younger self that she began to write in orbit. But we begin this morning with a look at todays eye opener, your world in 90 seconds. It just come to light and i just read about it. Its very, very disturbing. What a devastating, nasty story. He should step aside if the allegations are true. Sexual misconduct allegations rock gop Senate Candidate roy moore. Roy moore allegedly engaged in Sexual Conduct with young teenagers. The way they came after judge moore today, this is politics and personal disruption. Louis c. K. Facing allegation of Sexual Misconduct. The special task force in l. A. Has been launched to deal with the overwhelming number of hollywood sex scandals. President trump in vietnam and questions whether he will meet with russian president putin. There it is, you see a handshake, will there be anything more than that . Get ready for the coldest air of the year so far. The arctic air m
Happy new year. Happy new year to you, too. What do you make of what the stock market has done since election day . Look, i think a lot of it is its all positive because people think youre going of have positive gdp growth, less regulation. And i think if you have this 2 to 3 or 4 to 5 growth thats good for equities. Equities this year will be up 10 . Were calling it the trump rally. Is it fair to call it that . I think its you can call it whatever you want. To me its definitely a rally and the rally is because all the numbers coming out are all positive. Right . So everybody is seeing that theres going to be more positive there. And i think a lot of it is for businesses, the less regulation there is the better it ends up being. Its so interesting just given your place within the clinton calm pampaign, youre c to the clintons. Yeah. You wanted her to win, he won. Are you surprised the stock market has reacted the way it has . A little bit. And i think part of it is just as the numbers
Thats why youre here. Cant find anyone. We have one guy left. Simeon. Is he bullish . He will be on. Already talked to him. One of the things hes saying is even if if there is a stumble in some of this stuff, market already deserves to be here, which is what i think. I think so, too. In terms of tax policy or that stuff is a bonus. Just not having the private sector vilified on a daily basis, not adding a new regulation, layering on a new regulation every day. When you take that off, its going to come back to a more normal level. Im with you. I think i know you are. The multiples are getting a little stretched, but Interest Rates, you know, stock prices are a function of earnings and Interest Rates. Interest rates are historically low still at 2. 5 roughly. Youre the one who coined t. I. N. A. I have. There is no alternative. And we have other things to talk about which in particular with the Trump Administration, were not talking about financial repression, monetary policy, were also
Two more suspected arsonists arrested in connection with wildfires across the southeast. A High School Sophomore in utah in custody after police say he stabbed five of his classmates. We have no idea what his motives were. The Basketball Team chartered a plane and Hillary Clintons airplane showed up president. All that. Cbs staffers on the move 24 7 to bring you the latest news but they stepped out of character to try out the latest craze. Just kidding. A there is surprising news from the Transition Team. Dr. Ben carson said hes not interested in serving in the Trump Administration and if his name is called, he wont answer. On cbs this morning. Photo of a young joe biden. Its blowing up the internet. Its the only thing uniting the country right now. Have a look. Thats joe biden there. I mean, i want to start my at a with this cup of jo. He makes me proud to be an american and im not even american. Announcer this portion of cbs this morning sponsored by toyota. Lets go places welcome to