Retail Sales For March Come in Weaker Than Expected, February Revised Upward
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Wholesale Inflation Falls Sharply in March, Beating Forecasts, Now 2 7% Annually
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lot of investors focused on the market and thinking things may turn negative, that recession fear means things would go into the negative and lose quite a few jobs in this time and, yes, you ve seen the tech sector lose jobs but have seen the unemployment levels really not drop off massively or rise significantly. 3.7% is still the figure expected. yesterday we had the adp private payrolls number, 235,000 jobs still in that segment brought forward meaning the private sector gained jobs of 235,000 compared to the 140,000 that were expected so still a strong bit of resilience in the market and doesn t seem to be fading away. it may give the federal reserve more impetus to hike rates. you mentioned cuts in the tech industry and, in fact, they led in job cuts last year with more than 97,000 across the sector. what drove up the surge in layoffs in that particular
that, let s bring in cnbc s arabile gumede live from london. arabile, you are stocks took a hit yesterday. all three major indexes, they closed lower as investors grappled with again recession fears and concerns over china s covid surge. how is the market looking this morning, though? yeah. so, it s pretty much the same picture, right? you re getting a sense that investors are looking a lot harder at that recession fear, with covid-19 fears from china coming back into the market picture. and really worrying that the contagion effect to actually last longer. yes, everybody is wondering perhaps to open up as an economic front, of course, to get a little bit out of that economy, but things not necessarily looking as good, when it comes to the number of covid-19 cases out of that region. we ve seen a lot of that in europe as well. put out quite a few remarks saying that they will actually