Almost a week having gone by we are two, four six. We are now 2. 389. Lets get to our road map this morning. As you expect it starts with the employment number. A steady increase in jobs added last month. Unemployment ticked down to 5. 3 . Perhaps some worries as the Participation Rate slowed. As we head into the weekend, no deal insight for greece. Finance member is threatening to quit if the vote is yes. We will get information live from the market. Deals continue in health care and paypal buying zoo. Here are the numbers for the jobs. Nonfarm payroll, up 223,000. Gains in april and may, revised downward. The Unemployment Rate fell to 5. 3 a sevenyear low. The labor Participation Rate declined as low as it has been since 77. Wage growth stalled. Average Hourly Earnings came in flat. Later this morehour, we are going to look at the obama administrations numbers. We sat down here. He said not so great. Not so great on the headline number. A little disappointing. Still under 2000. They
Falling for two consecutive days. Something jumped out at me earlier. Not the u. K. Bond market, which is barely changed. , like forthe u. K. Like sales posted the worst tune in almost a decade. They are spending more money on ledger activities according to the high street sales tracker. Consumers are more confident about their financial situation. They spend the extra money on eating out and going on holiday. Other data today, eurozone services, u. K. Pmi services, eurozone retail sales. Lets look at stock markets. They are down for the week. Equities headed for their first weekly drop in a month. The msci index on track for its biggest fall since march. European stocks are on track for their biggest weekly fall since may. Mixed start at the open. Tick tock, tick tock. Jonathan mark barton, thank you very much. That is the early mood in europe. Lets head over to hong kong. David ingles standing by. You, morning, i say to another chopping session in shanghai. Talk to me. Absolutely, jo
Indexes were pulling back. You can see, were now flat across the board. The nasdaq just inching positive. All and all, one of the rare not up days for your stock investments. And of course all of this coming ahead of what is likely just the second fed rate hike in a decade. Tyler . Thank you very much, brian. We are less than an hour away from that fed rate decision. Most people do expect a quarter point hike. Could it be more . Well explore that in this hour as well. It has been a year since the last hike, then there is yellens News Conference, thats at 2 30 eastern time. Steve liesman following all of it for us live in washington. Hi, steve. Good afternoon. Just a quick note that we got some data this morning, the fed got some data on the second day of its meeting when it makes its policy announcement. And decision. And that data was weaker. I want to show you the cnbc rapid update. What happened is economists have taken. 2 off their forecast for the current quarter, down to 1. 8, th
Update. China threatening to smackdown a u. S. Automaker. Is this retaliation for trumps taiwan call . Well ask trump Economic Advisor steve moore how the president elect will respond. Melissa back to the markets. The dow snapping a sevenday record winning streak, ending down 117 points. Were down more than 200 point away from 20,000. Exxon, caterpillar, dupont are among todays biggest drags. Oil plummeting as well. Phil flynn, Price Futures Group has what you need to know from the cme. Ashley webster is on the floor of the new york stock exchange. And, ashley, everyone expected the fed to raise rates so what was it that janet yellen said later you think spooked these markets the most . Thats a good question. Put away the 20k hats for now. I think the fact they recognized that more stimulus to the economy may require more rate hikes. We put two next year. Fed saying three an possibly more. That was kind of threw cold water on the rally. If you look at the chart, it went up a little bit
Good morning. Welcome to Worldwide Exchange on cnbc. Im sara eisen. Im wilfred frost. Good morning to you from me as well. Throwback thursday, throwing it back with a winter theme. We still have about a week to go until the official first day of winter. Really . Its cold enough. We havent got winter yet . Welcome. Good god. Welcome to new york city. We saw a selloff yesterday postfed for stocks. First triple digit decline for the dow since the election the worst day for stocks since october, even though they were down less than a percent. Just a strong few weeks for the stock market. Looks like things are back on a firmer note. Dow futures up 47. S p 500 futures down more than 4. 5 up, excuse me. We saw the bond selloff resume and pick up on the twoyear. Also on the tenyear. 2. 6. Were heading towards a close that would be the highest since back in september of 2014. Twoyear yield sharply higher, biggest reaction in the currency market where the dollar raced higher after not just the f