Good jobs number, decent ism bob pisani has more. We are starting to break the new narrative out there that were going to have a slowdown in 2020. Remember, the recession narrative have gone away, worries of three, four, five months ago, no more. Gdp is 1 to 2 now economic numbers are starting to suggest maybe the slowdown narrative is not a good narrative any more were taking the edge off the slowdown narrative thats why things are moving up. We not only have a strong jobs market, markedly strong revisions people werent anticipating then weak manufacturing. But new orders were generally good still 49, above expectations thats what youre looking for, new orders stock market is a discounting mechanism for future stream of earnings represented by the new orders ism not getting worse, thats the key. Heres what you need to think about. What will it take to move the market higher, another 5 to 10 . Three things very important. First off, see bond yields move up more. Good sign of modest ref
Commentary plus back off the worst day and week of the week, the Company Reportedly looking to boost its efforts in a. I and elon musk and Mark Zuckerberg seemingly agreeing to that cage match, but some hurdles still ahead. Lets begin with the markets. The s p, nasdaq, as we said, coming off their worst week since march, jim that reversal friday didnt feel great. Oh, my. It took your breath away and i was watching them just saying, what happened . Is there some event . Did something happen that was exogenous . But then again, look, lets remember, bonds having a nice move today they were down 36. Now theyre only down 11 i thought that friday was one of those days where people just said, okay, weve had a great year now, lets just sit here and sit on our hands and that was what i was thinking to start my show tonight is to just sit on my hands, and i may do it. I just felt that weve made a lot of money, and maybe thats what were going to make for a month. Youve been pretty leery of this p
Stocks are down for eight straight days. That is their longest losing streak in 11 years. The second Texas Health Care worker infected with the disease has been transferred to a hospital in atlanta. The cdc had given her the goahead and said passengers e at little risk areas where always open about what we know when we know it and we always share more rather than less information as we work to protect americans and provide extra margins of safety wherever possible. Ago, tom frieden said any hospital in the u. S. Can safely take care of ebola and were finding out that is a different story. Beatue and earnings estimates and goldman boosted a Quarterly Dividend by a nickel. One reason, Investment Banking lows. Portion of revenue to pay employees. The company known for secrecy has leaked pictures of its newest ipad tablet. Apple done in typical style, they were posted wednesday on itunes before being taken down. And apple is hoping the new ipads will jumpstart sales. In hong kong, the gove
We recently spent a few days in Los Angeles shooting a series of tv commercials – that you may have seen on CNBC during their “Fast Money” segment - with professional trader and 10X Trading Champion Chuck Hughes.