Instruction. The business is made more confusing by the arcane technology and authentic wall street gibberish you need to wade through to learn anything. It can feel like theyre speaking a different language. Theres an industry of people that need you to feel its too hard, ordinary people cant do it and the safest thing to do is give your money to a pro. Thats a huge reason i started my Charitable Trust. Our goal is show you you cant do it yourself and teach you how. Maybe giving your money to a professional is right for some of you without time. But if you put in the effort and do the homework, you can do at least as better. A lot of pros lose to the index funds. The financial industry is full of people after your fees, more interested in taking your money than making you money. If youre a manager trying to fundraise, you have every incentive to keep regular people ignorant. Why make it sound accessible. If its straightforward, its harder for them to raise money and harder to convince
Obviously, thats a big story of the day. We have big trade alerts in tech specifically we have josh and jim all hitting the button today, but in different areas. Josh, you just bought netflix here down about 2 . Why did you buy it what are you seeing here is this trade . Is this investment tell us what you are seeing. Right now its a trade. Ive done this before with netflix. When this stock blew up in, i think, april of 2022, it was, i think, like one of the best buying opportunities for a large cap growth name of the year. And it took a while. It wasnt like a vshaped recovery i dont know that well get a vshaped year. Once again, the stock is blowing up because the quote, unquote longterm shareholders here continue to embarrass the brand. I cant believe that we saw reaction like we did about them reducing the subscriber guidance it is such a childish metric to begin with it is people that dont own a business think that thats like an important thing when in reality, the company is telli
Kriti good morning and welcome to daybreak europe. Im kriti gupta in london. U. S. Core cpi rose in august for the First Time Since february thanks to gasoline prices leaving the door open for even more hawkish Federal Reserve. Plus, it is decision day. Will the ecb hike or hold . Traders are betting on a 25 basis rate point hike amid sticky inflation worries. The nasdaq debut. It is the biggest listing of 2023. U. K. Based arm is set to start trading today, priced at 51 a share. What does that do to the macro . It is not the arm story driving it but it goes back to the ecb. It is a narrative when you look at futures trading. You are starting susie green to see green on the screen is silly for euro stoxx futures. You are talking about a hawkish ecb in theory and the stock market in europe should take a little bit of a hit. That is not what is being priced in right now. The question is if we see the 25 basis point hike again, one hike to for that some might argue. Does that mean it is p
This along the holiday weekend. Investors at 27. S p down a fraction treating up this morning the Major Industries look like this. 5100 at a quarter of a percent. Cac and dax down a fraction. Gains across the board. Best performer there. Hong kong continued the momentum up two thirds of a percent. Reagan is overnight. The navy plane crashes near japan with the lebanon board to a people rescued receiving medical treatment. The latest on the search effort this morning. Sad day for the music world. David cassidy has passed, dead at the age of 67. We look back at his career and legacy this morning. Plus, the nfl, the nfls changing attempt on policy by not having players come out at all. While the infamous played. The president treating his reaction. Hes averaged as well. Want to bring some heat to your thanksgiving turkey . Why not try adding some flaming hot cheetos . All of those stories coming up this morning. Fox Business Network they can make towel. Editorial page editor James Freeman
A moment. But we begin tonight with what some are calling the strongest job market since the turn of the century. The economy created a healthy number of fulltime positions last month across a broad range of sectors. Nonfarm payrolls rose by 228,000, making this the second month in a row that gains have eclipsed 200,000. The Unemployment Rate held steady at 4. 1 . But closely watched wages rose just 2 , falling short of expectations. Hampton pearson takes a look at the unemployment picture and the myst those stuck wages. Reporter november job growth was widespread with professional and Business Services leading the way, adding 46,000 new workers. Manufacturing continu to rebound, with 31,000 new hires. And repair work in hurricaneravaged texas and florida helped boost construction hiring by 24,000. But solid hiring and an Unemployment Rate at a 17year low is still not boosting wages. Up just 2. 5 year over year, now averaging just over 26 an hour. Even President Trumps top economic adv