Harvey and irma. And while many see the decline as a short term blip, it did catch forecasters by surprise. In september, the economy shed 33,000 jobs, while economists were looking for a gain of 80,000. The Unemployment Rate did dip, to 4. 2 , the lowest since 2001. And as Hampton Pearson tells us,. Here were other bright reporter hurricanes harvey and irma, which closed thousands of business in texas and florida, ended the 83month streak for job gains. And the loss of 33,000 jobs in september was the first monthly decline in nearly seven years. Restaurants and bars took the biggest stormrelated hits, shedding 105,000 jobs. Dallas fed president Robert Kaplan sees the setback as temporary. We knew that the september number was going to be affected by harvey and to some extent irma, and it has been. Reporter but there were also signs of underlying strength in the job market. The Unemployment Rate fell to 4. 2 , the lowest in 16 years. Its a number that really got my attention. The bls s
Pretty amazing considering everything we got going on, not a lot happening for the major averages. Mixed trading action, similar to yesterday. The nasdaq off of its lows. If it finishes down today, it will be the first today slide in the week. Two day slide in a week. Lets take a look at the big earnings movers and the reason why the nasdaq is down a bit more than the s p 500. We are looking at tesla, facebook and semantic symantic. Tesla down sharply, down 5 on the model three update. Elon musk says they will be making 5000 cars per week in march. That is pushing that out three months, causing questions from investors. Plunging 9. 5 . They cut the fullyear view. They need to move more toward the cloud. Heres one winner, alibaba up 1. 7 . Thes beat by 6 Chinese Consumer is very strong. Lets see how alibaba is performing relative to the u. S. Internet companies. On the bottom, we have all the saying stocks, up between 25 and 50 . Alibaba up there in white, up more than 100 , tencent rig
Even though i have a day job running a private equity firm. [rubenstein continues reading onscreen text] james, thank you very much for doing this. Honored to be here, david. Now, you have an accent compared to me. Maybe in australia, you dont have an accent. But you have an australian accent. I assume thats because you grew up in australia. It is. And its also a measure of me being tonedeaf that after 30 years, i havent been able to get rid of it. So i am an only child, so i dont know what its like to be in a big family. But you were in a family of 11 children . We were 12, originally. Twelve children. Yeah. So, what was that like . Two passed away, so we have 10. It was it was actually very noisy. Um. You, i think, learnt a great deal of empathy for others because youre in an environment where something was going bad every day in our household, and something was going good. What part of australia were you growing up in . Melbourne. Melbourne. So when your parents are producing new ch
Im happy to follow the gentleman from South Carolina who just wants to make sure that were a thriving economy. This bill, this provision, takes money away from taxpayers in many states. And i happen to be a representative from one of those states. The gentleman from South Carolina, he represents a state that gets 1. 92 back from the federal government for every dollar they send to the federal government. And the idea that he would want to get even more at the expense of other states, i find a little offensive. Maybe folks there should just pay their fair share. I would also like to ask unanimous consent to have placed in the record this analysis from americans against double taxation, and they state that the congressional tax plan finds that many middleclass homeowners will see their taxes go up as much as 6,167 next year, and then rise another 600 once the Family Flexibility credit expires at the end of 2022. Without objection, so ordered. It says that the increases will not only hit
President delivering a speech on the economy. At 10 00, my favorite thing, universe Michigan Sentiment numbers, the soft data read. Because it is michigan, that is why it is your favorite . [laughter] therade at the top of agenda and late yesterday, the commerce secretary announced a trade deal with china, exports of everything from beads to liquid natural gas. Cirilli. S kevin we thought we were going to war with china and now we have cooperation. Gashis influence is natural , which is a bit of a concession in some regard from the Campaign Rhetoric of President Trump in that he is looking at this particular industry the coal industry may be snubbed but they feel this good help jobs. Beef and poultry is where things get interesting. The Iowa Governor is not been confirmed iv senate as the chinese ambassador, but driving the political policy point home. Secretary ross said this will be a 2. 5 billion net gain for the u. S. Economy as a result of that portion. The third point is where it