the labor force and coming back to work. all of that is a positive. one very positive thing within this report is average hourly earnings. not good, not strong. that s what the fed wants to see. maybe they will be so gung ho about raising interest rates if average hourly wages are not coming down, but not coming up as much as was expected. brian: you almost get punished when these numbers come across, because the economy is not slowing down enough to make the fed feel as though they ve got to discourage us more. that s why at this moment, before the market opens, the stock market is going up. about 140-150 points up for the dow industrials, and that s because of that reading on average hourly earnings. to sum it all up, this is a strong labor market reflecting a relatively strong economy. 223,000 new jobs, 3.5% unemployment, and the participation rate goes up to
and we d havelike over $2 million. $1 million doesn t seemenough for me anymore, right? the psychological impactthat this amount of money has, you see moneyin a different way. so i hold. i set my limit sellon all my accounts to $800. wednesday nightis the first night i went to sleep inlike fucking weeks. i don t think much is going to happenon thursday. fucking i was wrong. [music playing] woman: so i m at the gym,naturally all my stories. and this is beforethe 9:30 market opens. this is a thursday. and my portfolio is set. it s cute.so i m looking at it, and every single numberis popping, popping, popping. and isee gamestop hit i think it was like $467,$497, something like that. i m going in there. i m like, oh, maybe i llbuy one more amc.
an opportunity to assess where we are. it will likely be recession. bill: don t like that. dana: your guest this morning, you were asking a lot of them if they think there will be a double dip recession. kevin has yet said we ll see every single quarter negative for 2023. jason smith going to likely be the chairman of the house ways and means committee is talking about the economy weakening. yeah, i think everybody on that panel is expecting that 2023 will be a tough road. bill: important stuff and you ll take us through it. we ll get a bump when the market opens. 700 points higher right now. bill: thank you so much. republicans now inching closer to house majority. we don t know where or when it lands. what caused republicans to fall short of expectation, no shortage of analysis on that again today. nicole is a tropical storm going to hammer florida throughout the day and go up the east coast for
as possible. markets work better than government control. this represents the first step in our in ministrations program of financial deregulation. finance began to get more creative and frankly more profitable. and money matters, wall street. leaping stocks have investors jumping good when the market opens, the dow jones will stand at its highest level ever. the past few months have been among the wildest in wall street s history. stock and bond prices soared in a frenzy of activities. optimist on wall street are talking about the beginnings of economic recovery. supporters of deregulation point to the stock market that a deregulated economy makes money for all. the stock market took off, and the public saw this happening and they would read about it. all sorts of people who used to have nothing to do with this
woman: so i m at the gym,naturally all my stories. and this is beforethe 9:30 market opens. this is a thursday. and my portfolio is set. it s cute.so i m looking at it, and every single numberis popping, popping, popping. and isee gamestop hit i think it was like $467,$497, something like that. i m going in there. i m like, oh, maybe i llbuy one more amc. it s like, i m sorry. you already have a certainamount. you can t buy more. and all of asudden you see a doom. and i m just like,what the fuck? - we re seeing reportsthat robinhood is restricting purchasesof some of these stocks, including gamestop andamc. chris garcia:i wake up that morning, right? one of my buddies hits me up,and he goes, hey, man. you can t buy.i m like, what do you meanyou can t buy? he goes, go on to robinhood. - kelly, robinhoodstopped trading.