Unemployment rate dropped slightly to 4. 9 . Anthony Hillary Clinton tops trump in categories like foreign policy. We welcome to wall street week, wilbur ross, wilbur, you are supporting donald trump, but i think its largely for economic reasons. Could you explain to us why . I think we need a change. The 161,000 jobs was he people c enough. But all jobs are not created equal. 8. 2 of these total jobs are part time. Part time jobs went up, went up 90,000. Fulltime jobs were down 109,000. Thats not a healthy economy. While the media may say this is fine. The guy who is stuck in a parttime job doesnt think so. The other reason jobs are not created equal, a lot of these were in healthcare and retail. Those are not highpaying jobs, and the retail ones are probably just temporary. Anthony what could the new administration do to change that mix of jobs and the quality of them and improve the wage mix for the American Worker . It could do a lot of things. We have a huge trade balance problem.
Dramatically. Asian markets fell between 1 and 2 . In his victory speech last night trump struck an optimistic tone regarding americas future. We must reclaim our countrys destiny and dream big and bold and daring. We have to do that. Were going to dream of things for our country, and beautiful things and successful things once again. Jim, we talked to you last night before the race was actually called. Your thoughts this morning. Well, look, i think that people are going to be divided between those who say that he is pro business, not necessarily great businessman because we have people pro business, lower taxes, pro business, lower taxes are things historically that if it were anybody we would say thats good for the stock market. This is a man who likes his kne neilsen ratings. Hes very sensitive to the idea that stocks are overvalued. But at the same time i dont think he wants to hurt someones 401 k . I do believe that he has said that and has always been very comfortable with borro
Freeport mac up 16 and caterpillar up 16 . Target is still interesting. Mel, welcome back. Target had a great quarter. I know its not nearly as interesting as Goldman Sachs or freeport mac or caterpillar up 50 this year. But target to me seems like they got their they got their feet back underneath them and it manifested itself in the last quarter. The technology is much better. I think theyve separated themselves some walmart. Out of those four names, thats probably the name with the most up side right now. Anybody like target as well . I like target store. I think shortterm target is a name to own. Longterm investors can look at this tape and say, look, if everything pans out accordingly, to the plan, people are going to do fine. The market will continue according to the planning of the trump plan . Were trading on combinatiexs right now. Banks trading on expectations of dodd frank reform. Biotech names trading on expectations of better pricing. Move down the list. Expectations have
Najarian and steve weiss and bob lebenthal. And so what are you seeing here with the end of sports a authority, and what about this pain . Well, the Sports Authority is the gift that keeps on giving, and i saw the big bankruptcy sign, and judge, did you see the same thing . 10 off . Who does a liquidation at 10 off . Nobody. You know what i did when i saw that . I marched out. Exactly. They better have a lot of money, because nobody is buying money at a place that has a 10 off going out of business sale. Just getting started. But is it going to hurt under armour, and all of these are a death by a thousand cuts, and yes, it is going to affect under armour, and nike, and also, to a smaller extent, but those aret not the big things, and the fact that the olympics are not something that is going to be nearly the driver that they have been in the past, and that is my feeling, because of zika and a whole bunch of other distractions, i think that people wont be as geared up for it. So i think
In total swing. Brexit . What brexit . Check on the other indices, the s p 500 at this hour also in positive territory, the nasdaq as well. Well see those in a second. See the dow is higher by 29 points, 17,959. Once again were talking about 18,000. The s p above 2100, again, a gain of four points. Lets move onto whats going on with yeelgds which have just been breathtaking in their declines. And the 10year yield still below 1. 5 at this hour. 1. 45 . The twoyear yield at 0. 597 and gold higher by another 18 today, 1338. Show you the dollar versus the pound, which we have been so fixated on. Remember if brexit was going to happen supposedly we were told the pound would fall to 1. 30. Actually, never got there. There you see the pound right now is at 1. 32, almost 1. 33. The euro will cost you 1. 11. Brian. Lets now get to somebody whos been right in the thick of the wild ride that tyler laid out. Bob pisani, all right, bob, give us an update on todays trade but also talk about how wild