And new data on how bad the breach was at jp morgan. It was a computer hacking thing. It is a very, very large number. First to sue. We have a very large number on the Dow Jones Industrial average based on the stronger than expected jobs report which is fuelling todays big rally. Just to recap the u. S. Economy adding 248,000 jobs in september ahead of expectations. Also, the prior two months were also revised higher. The surge in hiring driving down the Unemployment Rate to 5. 9 , the lowest since july of 08. Despite todays big rally the major averages facing a second egweek of losses. The s p 500 is up 22, almost 23 points on the session. The nasdaq is up 53. The transports up 162 points on the session and the russell is up 12. Lt oil, though, continuing to plunge. It is on the down side by better than 1 . 1. 25 on brent crude. West texas off. The gold market down 22 almost 2 there. And the year on the ten year up to 2. 45 . More on the trading action. Morgan brennan is at the nasdaq
Just 99 cents all month long. America runs on dunkin. Love if flyers didnt lose enough open the road trip now theyre losing money too. Fly rerz finding find fined undisclosed amount for violating an agreement for traveling after christmas which was a league holiday. Flyers players actually came to him and requested to travel to nashville early even though nhl was supposed to be shut down. Routine or not to go the day before a game they have not won since five straight including ugly one raingt night in energy until. They return home tuesday against ottawa. College hoops owls won a season high five games and today Central Florida latest to go down. Fran pick up your head. Temple owls playing best game of the season. Coast to coast. 21 for him today. What a day for jaylen bond career high 21 points and 14 rebounds and temple wins 478 won five straight. Crazy play from desales mens basketball team, down two 0. 6 seconds left alleyoop with no time left. Slam the alleyoop to Ryan Callahan f
Were seeing right now. Were trying to parse that out. Thats what makes the markets so interesting. Lets start here as we head into the final hour with where we stand on the major stock market indexes indexes. The dow is up 168 points and remember weve had many, many more 1 swings this year than we had last year, and today by the way, weve had them in both directions. The dow is up about 170. The s p is up 18 points right now, nearly 1 there to 2085. The nasdaq adding 36. Its actually the underperformer on the session to 4,922. Well also and well get to this in a moment talk about what were seeing across the benchmark interest year 10year. Have to talk about oil as well. Very strong. I dont know if you can show oil right now, but last i saw it was up about 5 . Its now 6. 25 gain for u. S. Oil. Wti. Thats at 52. Brent north sea crude is at 58. That almost feels like a short squeeze. Lets all make sense of this. All of our guests today except rick are over at our set at the New York Stock
2. 64. Our road map begins with with the fax shutting down for the first time in 17 years. 800 federal workers furloughed. Merck cutting an additional 8,500 jobs, aiming to reduce annual operating costs by 2. 5 billion. All of that. Plus more and mad moneys big milestone tonight. First, the federal government has begun a Government Shutdown. 800,000 federal workers will be furloughed today with national parks, smithsonian, museums, most federal offices closing. We mentioned what gold is doing. Why how is the market trying to arbitrage this, jim . I think this is one of the crux of things. Europe is getting stronger, japan had some good things. Futures percolate, this morning they were up 8 and now theyve been cut in half. As theyve been cut in half people say this is a great opportunity again, ill sell again and buy lower. And up opening in the face, this, theres a lot of people who think is going to be resolved by friday. I was with my friend who say do not believe this is going to be
Coast to coast will launch post christmas sales this morning. Walmart and kohls stores are opening at 5 00 a. M. Today. Its hard to see any data on the shopping season, but last week, shoppertracker say retail sales drop for the week of september 16th by 3. 5 . If you skipped them off and ordered online for shipped stuff across the country, you need to know about the big oops from u. P. S. Because of bigger than expected volume, not all u. P. S. Packages that were supposed to arrive under the tree for christmas. The u. P. S. Could have blamed santa and the rain deere, but its owning up to the mistake. Natalie goodwin says, quote, the volume of air packages in our system exceeded the capacity in our network as demand was much greater than the forecast. We apologize to both shipping and receiving customers who may have dlaid delays. While with him not have drivers delivering on christmas, we will have employees prepping packages and the planes on take off sh s thursday morning. The nice