79. Our road map goes like this. Markets holding on ton a positive open payroll growing modestly in october. Unemployment rate dropping to a fresh sixyear low. Disney matched estimates with revenue beating forecasts. A slow advertising market. A fourth toy story movie will be released in 2017. Moments away from the exclusive interview from whole foods ceo. The october employment report showing businesses added 214,000 nonfarm jobs last month. The Unemployment Rate fell to 5. 8 as more people entered the labor force. That is the lowest Unemployment Rate since july 2008. Listen to Steve Liesman who owns this report. What i thought was most important was the august unemployment number that caused a tremendous decline in the stock market was revised back up to the average. What you have is more consistent less stop start. I thought begin the fact we had such big casino layoffs, the restaurant and retail numbers were strong. You didnt see oil weakness. It doesnt move the bond market. Its in
Banning mr. Sterling for life for Many Association with the Clippers Organization for the nba. He is banned for life. This comes after those racist comments he allegedly made in a phone conversation. Were getting reaction from a former New York Knicks are start. From the conference in los angeles come we will be joined by the former italian Prime Minister. All that is coming up in todays edition. The stocks were watching as we head into the close, julie hyman is keeping an eye on them for us. Christ lets take a look at technology. That is the leading group today. Yahoo is among the best performance in tech today. The companys socalled some of the evaluation, that is, if you a look at ali baba stake and yahoo japan, it is worth more than where it is training now trading now. Yahoo also said it would be debuting a couple of original video shows on its website to drive scribers and traffic. That could also be giving a boost. Out with this numbers and showed better than expected and lost f
Heritage capital president paul schatz. The wall street journals simon constable, and new oak president james frischling. What did you think of what you heard out of walmart . What does it tell you about the economy . The walmart thing is not new news and the stock really didnt react too poorly. It is more of a small data point. I think walmart is having problems. Theyre blaming it on health care. It is convenient way. I may not be for obamacare. Melissa you think it is convenient . You dont think that is realistic . Headwinds from Higher Health costs higher than they estimated and people are not shopping. Simon what do you think. This economy left people behind and people trading downplayses cheaper than walmart. Melissa cheaper than walmart. That is bleak. Dime store. The dime store or whatever it is 99 september store. Melissa that is bleak. What do you think . Walmart has been in the line of fire being pushed to raise wages. This companys margins are skinny. Seven quarters in a row
Details, not so terrific. Rich peter the employment and down because 300,000 people left the work force. That cut the important Labor Force Participation rate to 63. 2 , the lowest level in 35 years. Employers reported they added 169,000 new jobs in august, slightly less than expected but the Labor Department revised down the number of jobs created in june and july by 74,000. The Federal Reserve has been waiting on this report to help it decide when and how much to take part, 85 billion a month in quantitative easing bond purchases and Research Note today, 4 of vice chair don combs said despite the weaker than expected report was not a disaster. The fed is kind of pre committed to tapering anyway sell it will probably go with a very gentle first step at its policy meeting in two weeks complete with a caveat about how it can be reversed. The piece of job growth has slowed during the summer months. It is not worried about a serious slump. More than half of that was efficient. And that ha
Impeachable conduct and partisanship eroded checks and balances. Few members of congress have read the report. So, very fiery language there from justin amash. President trump firing back calling him a lightweight and a loser and saying that he is effectively only trying to get headlines. Important to note that amash has been critical of President Trump. This is certainly not the first time that hes broken with the president and, frankly, with members of his own party. He is a member of the freedom caucus. These tweets earning him a primary challenger, hallie. He is really the only republican so far to call for this. The question more broadly is going to be, does this add fuel to democrats who have been calling for impeachment . That is what we are watching for very closely today. It does come as President Trump is set to head to pennsylvania. That critical battleground state. Joe biden was there over the weekend officially launching his campaign. What is President Trump focused on ton