To keep roaring . Our next guest says all good things must come to an end before that, lets start with the jobs report. Just 187,000 jobs added, but better signs on the Unemployment Rate which dropped to 3. 5 , and what to make in the surprise uptick in wages. Who better to ask about this, that would be the chief economist diane swan, who came within 6,000 of the number last month. And shes watching three events that could send shockwaves through the economy. Shes back with us with steve liesman. Your own forecasting chops arent bad either, steve i havent been forecasting since the pandemic, but i think the question for diane is obvious why did she miss by 7,000 . I mean, what went wrong, diane you sound like my dad thats what my dad used to say. Why did you get that a minus, diane . Why 95 and not 100 . Do you think youre picking up do you think its just tell me a little more about this and what your reactions were to the report oh, i was extremely pleased with the report. It was exci
afternoon for most of us. yesterday was the warmest day of the year so far with temperatures reaching 21.2 in the highlands of scotland. where were the so toasty? that was down to the mountains themselves. most of us had brisk winds, but winds were blocked by the mountains to the sun s energy was concentrated, allowing temperatures to search. most of us, the wind meant that temperatures were not quite so high. more of the same over the next few days with this area of high pressure going nowhere very far for the next few days. although most of us will keep the sunshine this afternoon, there are a few exceptions. cloudier in the south east of england for a time. an odd showers possible. also some cloud across the eastern coast of scotland and north east england. around the coast, temperatures around 10 11, not feeling that warm. the highest temperature be further west. again, in the highlands looking at temperatures climbing into the low 20s. some of you might turn out to be qu
Nearly six weeks after the union began a walkout. And Morgan Stanley says it has its new future leader. Dont miss a first on cnbc interview with ted pick and current chief executive james gorman lets begin with the nasdaq which is set to fall deeper into correction territory the ndx coming off the worst day of the year. Now down 11 from the july highs. It looks like the mega caps are catching up to the decline of Everything Else i think theres an overwhelming sense that they all went too far. That they all got overvalued i do not share that. Well get to meta. These are not ultra expensive stocks, theyre a couple turns in pe. Theyve become major sources of fund i think its more correlated with the bond market than earnings yes, google did not tell a good story, it wasnt like they missed big meta, otherthan a few lines that were about meaningful spending, meaningful hiring and also obviously difficult to advertise when you have a wash, it was quite good. Now, the stock is down literally