Take a look at the markets the dow is up. Erasing losses earlier this week to tyler now lets get more on todays job induced rallies. Wernl a risk on tone to todays market as investors shift their focus from that weaker than expected manufacturing port earlier and focus on jobs report sentiment highlighting the resilience in the u. S. Economy plus optimism building around a trade deal being reached before the december 15th deadline after china said it would avoid tariffs on some imports of u. S. Soybeans the industrial giant is looking to sell a 1 billion of its Drug Delivery system. Thats a report from bloomberg the stock is at session highs. This rebound has extended into small caps which tend to move on upbeat Economic Data the stock at the top is ulta ulta higher on earnings. The company is getting much better at containing costs stock up 12 back to you. Thank you for that. 266,000 jobs added the lowest Unemployment Rate in 50 years steve joins us now say it again. How many jobs . 5
State no cut was coming afterwards a couple called the rate cut a close call and two, who we know, they didnt want to cut at all. The fed said the cut was due to trade war and to take out insurance against potential Downside Risks there were concerns. There was concern with brexit and trade at the time. There was concern that exports would spill into the labor markets and consumer spending. Theyre okay with it not okay with it, but theyre not all that concerned with weakness and manufacturing. They thought that would threaten the economic expansion several said the rate cut was better aligned by the way with the yield curve. There was some Financial Stability concerns in the meeting. Highly levels of corporate debt. No additional detail on what it might be they discussed options what they might do in the next crisis. And potentially Interest Rate caps nothing was decided in any of those regards. Of course, the staff also presented plans on how to solve the repoe market problem, includi
the hit. why not. power lunch starts right now. the markets are higher this afternoon, but well off the highs of the day when the dow was up b about 40 pau points up about 150 as coronavirus fears continue to grip wall street oil briefly sinking below $50 a barrel now down whopping 17% just this year that move is taking down energy stocks well. the worst performing sector, energy is now down 12% for more on the rebound in the stock market and what s driving us high er after friday, het s g to bob at the new york stock exchange so good to see you back always a pleasure to see you so listen, we re up today holding on to modest gains here s the s&p 500 the coronavirus headlines are mixed. low mortality rate, but we don t know what the infection rate is. we re holding u. you notice this move up here very good manufacturing numbers for the united states and that was a pleasant surprise now in expansion mode sectors today, mostly cyclical names holding up here. materials. sem
To escape. Marci gonzalez, abc news, lafayette, louisiana. Kimberly this tragedy in louisiana on the mind of families concerned about safety at Movie Theaters in the area. Jonathan human nature. You can understand that. Suzanne kennedy spoke to folks who went to the movie this afternoon and continues the Team Coverage live from Silver Springs. Suzanne well, jonathan kimberly, on a friday an you can imagine a lot of people are thinking about going to the movies, whether tonight or over the weekend. A lot of them will head there with the louisiana Movie Theater shooting in mind. Here locally at the Silver Spring theater that we are at a lot of people were saying that they could feel the incident in their bones as they walk through the door. They say they were concerned about it and shocked a disappointed to hear that the violence happened again in a Movie Theater. Some wonder why Public Places that used to feel safe have become such targets for violence. Its devastating, of course. Its h
Opinion, the nfl has lost credibility. Game operations, all players must be on the sideline for the own. Stand at attention, face the flak. They have failed to enforce that rule and we now have the case pa tv ratings for sunday nights game the lowest since 2006. But get this. Pregame show ratings are up here the president explained it this way this morning. Breeding for nfl football or way down except before the game starts with people tuning in to see whether a country will be disrespect it. This is the oxygen out of the real issues that affect your money. For example, for example, in 90 minutes President Trump meets at the white house and its crunch time on tax reform. After the meeting, Committee Members may take statements that could move the market. Example two, obama is all but dead. Senator collins became the third novella. That means we are stuck with a failing system. Example three, puerto rico, no power, no water, no school, very little food, thousands stranded because the ai