Real money. Hey this is real money. You are the most important part of the show, tell me what is on your mind, by tweeting me or hitting me up on facebook. Americas economic mojo got a major boost today after a stellar report on the jobs market. The Unemployment Rate fell to the lowest level since the recession. The dow jones crossed the 17,000 mark for the first time in history. Well have more on the dow and why it matters or not, if it really does later in the show. But on todays job numbers let me say for once, unemployment fell for the right reason. With Work Force Participation staying constant, a lower jobless rate this time around really signals job gains. The more important figure, though, is the actual number of new jobs that were added to the economy. And it totaled 288,000 in june. That was way above expectations. Figures for april and may were revised upward to 304,000, and 224,000 respectively. June was the fifth straight month of 200,000plus jobs gained per month. That is
For millions of children, a snow day. The European Union moving closer to imposing more sanctions on russia. And escalation infighting in ukraine. Latvias president says the eu is likely to expand the list of those facing asset freezes and visa bans. Vladimir putin says ukraine is responsible for the violence. European finance ministers willing to work with greeces new government if the new Prime Minister drops his demands for the countrys debt to be written off. Europe may extend the deadline for greece to qualify for its next aid package. Word of another government intelligence Gathering Program aimed at drivers in the u. S. The Justice Department has built a database to track vehicles in real. And intelligence Gathering Program that involves storing hundreds of records about motorists. The goal is to fight drug tracking drug trafficking. In pro football, robert kraft, new England Patriots owner, says his team may be owed an apology. He says if the nfl fines the patriots did nothing
R. I. M stephanie ruhle. Brendan i am not Erik Schatzker. Im stephanie ruhle. Stephanie excited to have you here. Brendan thank you. Stephanie do you mean that . Brendan the energy here is amazing. The top stories the biggest threewith hiring spree in 17 years. Think about that. Stephanie ruhle was two years old the last time it was this good. Employers added 250,000 jobs beating estimates. Wages rose more than expected. Here is alan kruegers take. Alan i think this is a terrific report and it also suggests that last month did in rages last months dip in wages was an anomaly. It is very positive for the economy. Brendan the jobless rate ticked up to 5. 7 , an indication where people are entering the workforce. Shares of twitter surging at the open, up almost 13 . The Company Posted revenue that beat estimates, and twitter forecasts the number of new users will pick up. They likely would forecast that. They have been adding features to attract users and advertisers. Investigators probin
Different alarm. Often a critic, Rupert Murdoch takes a shot. Google with harsh tweets about privacy. Family dollar at center of a bidding war. Dollar general announcing an offer to buy rival discount retailer for 78. 50 a share in cash, total transaction valued 9. 7 billion, counters dollar trees 74. 50 a share, cash and stock bid. So much, jim for not everybody working in late august in the summer. Somebodys working here. This is interesting. This was what we first thought would happen. Exactly. Surprised that dollar wasnt involved because its a better fit. You can tell from the stocks reaction, people agree. I like allcash bid. Lots of overlap in the two, youll be able to take out more cost. Thats what we like about takeovers, consolidation and cost taken out. Even icahn in Family Dollar and precipitated all of this at least public conversation we know discussions with Family Dollar and dollar tree had been going on for some time before icahns involvement. He himself thought that Do
Italy france, and spain fell. European stocks hit a sevenyear high. The euro is at its weakest against the dollar. In greece, the antitrust area party shows theres a sixpoint lead over the new Democracy Party. They have vowed to abandon austerity measures. Lees hutchinson is in talks to buyo o2 from telefonica. A deal would create the largest mobilephone carrier. Turning to the nfl. Looking for the culprit in the case of the deflated footballs. It is not tom brady, that is what brady says. He professed his innocence yesterday. I feel like i always play within the rules. I would never do anything to break the rules. I respect the league and everything they are doing. His coach says he was shocked to hear that the balls had been under inflated. Shocked. I go with troy a man. He says it is impossible for a ball to have been deflated and a quarter bar and the quarterback not know about it. You have a great lineup of guest. I will hand it back to you. We do. The irrational exuberance. Rober