Added last month, forecasts calling for about a gain of 180,000. The Unemployment Rate down 0. 3 to 7 , the lowest level in exactly five years. The question is whether or not the fed will scale back its Bond Purchasing Program when the central bank meets later this month. Jim, whether it was u6, the workers, the wages, theres not a lot to quibble with in this one. I was most concerned about an even bigger number. This is kind of good. It wasnt so great that the rates had to skyrocket. So its not a december taper number in your view. We just had plosser on saying dont make too much of one month. Thats right. There were three articles on how we got a big gdp number and they all said the same thing, which is its not going to last. That plus the fact that this was not 250,000 jobs i think makes it so that people want to say yellen will take some time, shell make a determination. If Interest Rates creep up a little higher from here, its not so bad. It is cinderella. Its nice to have a cinde
Futures picking up on this. Jim cramer was tweeting if youre buying this because of what happened in japan, be careful, because he does not think the markets are correlated. Watch out for it. Also, news out of europe, a survey showing that german analysts and Investor Sentiment climbed more than expected in august. That news suggests that europes largest economy is regaining momentum. Well have more from our colleagues in london in a few minutes. In corporate news, yum sales in china sliding more than expected in july, down 13 . Among the reasons, the heat, some analysts say the companys lack of cool drinkz and ice cream meant could nsumers looke elsewhere. The kfc parent is trying to bounce back from the dublg double impact of a food safety square and bird flu outbreak. A new director may be named as part of an effort to resolve the dispute with bill ackman. Ackmans effort immediately remove interim ceo mike ullman would apparently be put on hold. We talked about this story. I dont ge
Innds and taking a 70 stake 17 stake in monster beverage. Alibaba will not be able to publish results on time. A will go public next month. The unrest in the wake of a shooting of a black teenager in new policeissouri, a commissioner hopes to turn things around, but the question arises, why have local policemen armed as if they are in police been harmed as if they are in a military zone. Phil mattingly, this has gone on to washington. Is there a single definition for why local Police Forces have been using militarystyle equipment . Vincent truglia teambuilding for the last couple of decades. It kicked into high gear post september 11, 2001. Use a change of posture and state police. Postureaw a change of in state police. It made it an issue of not only who gets the money, but how much money can we give them. The key has been a department of Defense Program called at 1033 program. That was written into law. Excess material from the department of defense can be transferred to local Police
Data, adp lower than expected, Mortgage Apps dropped but markets quiet ahead to jobs friday. A new sense of confidence, General Motors signaling ceo mary bare barra will be cleared of any wrong doing. No signs of slowing sales. The it brand for todays youth second only to nike, the other fund mentals eroding, lack luster sales, coach and under armour. Pandora is falling in the premarket, investigation into how artists are paid royalties as pandora faces shareholders at its annual meeting an hour from now. First up the countdown to fridays jobs numbers heating up. Adp said the private sector added only 179,000 jobs, below the forecast of 210,000. Aprils gains will revise lower a touch, down to 215. Second low nest a year. The lowest since january. Certainly not what you want to see ahead of a friday. I dont get it. You have the auto sales number thats incredible. Youve got some amazing oil and gas hires. Its starting to spread into other states that didnt get a lot of business before. W
Checked. Lets take a look and see if that still holds. Yes, it does. Not significant declines but declines nonetheless across the board. As for asia and japan, japanese gdp it did pressure the nikkei there to the tune of 4. 7 . The Chinese Government offering financial stimulus to towns to maintain economic growth. Signs of life there in the chinese economy. Lets get to our road map this morning. That does start with the s p. Which is sitting just under the key technical level of 1700 but setting up to expend a multiday losing streak. Blackberry replies all, says its open to exploring Strategic Alternatives. Jcpenney mulling action against bill akman for turning deliberations into a public discourse. And we have a date. Apples new iphone will be unveiled on september 10th. Were coming off a week in which the dow industrials broke a sixweek winning streak. This morning as we saw futures lower on that news out of japan where Second Quarter gdp rose 2. 6 , thats well below economic foreca