the labor department will report 155,000 jobs were added in april and the unemployment rate will remain at 7.6%. stocks rallied - hard - into the jobs number, with the dow up triple digits. gold edged up 20 dollars, and oil was a standout, adding on $3.01. in earnings after-hours, aig missed on revenue, but earnings were better than anticipated. and linkedin topped on earnings and revenue, but the outlook was light. and there s a new mortgage rate record: the 15-year fixed fell to 2.56%. the 30-year is just a stone s throw from setting a record at 3.35%. tim mulholland of china america capital joins us now. tim, does this market have a case of the jobs jitters? - i think so. but again, i think it s confused on exactly what jitters they are. if the number continues to be on the weak side, or even as expected, or slightly lower, i don t think that is a bad thing for the market, because it keeps the fed in play. if we were to get a number that is rip-roaring strong, i think that
initial jobless claims we learned unexpectedly falling last week dropping by 18,000 to 334,000. 324,000. so that was the lowest trend since january of 2008. some economists say the surprising decline may reflect seasonal quirks more than a sudden david: i ve got to jump in, and forgive me, but we have the number on craft foods. what are the numbers? how you doing, david? be wall street wanted 64 cents a share, it got 76 cents. that is a huge beat by kraft foods group. the spunoff portion of the old original kraft. and revenue coming in, a beat there too, a slight miss, 4 oh, no, revenue 4.5 billion, that is a beat because wall street wanted 4.48. a lot of companies this season have been missing on revenue but cutting costs and making it up on earnings per share. the revenue beat is especially good because even though it s small, the fourth quarter for kraft was very bad for top line revenues. so investors are looking at that top line especially, and they got some good
thursday was a big night for tech earnings. ibm was a shocker - big blue had a miss. the company noted weakness in tech spending. google topped estimates - its core advertising showed growth. microsoft also did better than expected; however, window 8 sales may be moderate. also, the cfo is leaving the company. here s a good one: vertex pharma shares raced up more than 50% after the bell. the company revealed positive data on its cystic fibrosis treatment. let s get to trader talk now with tim mulholland of china america capital. good morning to you. are there any signs out there that the economy is losing steam, especially with the stock market plunge that we have recently seen? - well, i think clearly there has been some disappointing economic data. maybe it is the fear that we all had with the government cutbacks and also the tax hike that we had - that s the increased payroll tax for social security that we saw - so that is biting into the economy. but clearly, almost all
session significantly higher. company s revenues rose more than expected as strong sales of snacks in emerging markets overcame the weaker beverage sales here at home. liz: and action in the commodities pits. natural gas ended with a more than 4% gain on the back of a smaller than expected climb in last week s inventories. so at these prices, $4.40, that s a 312-month 21-month high. crude rising as the dollar weakened today, added about $1.05 settling at $87.73 a barrel. after the bell starts right now. david: well, let s get right to today s market action. mark, premier financial adviser s senior well strategist, has top places for you to make money. craig hodges says investors should use market weakness to buy great companies on sale. but let s start with tim mull hold land in mulholland in the pits of the cme. you say the s&p feels like it s down 10%. what do you mean by that? yeah, i mean, we ve had, you know, several days in a row 1 president moves 1% moves
making all time highs this week. the ceo of netflix is using his facebook page to share news with investors. ceo reed hastings posted that netflix members watched 4 billion hours of video in the past 3 months. new federal rules allow corporation to use social media to keep investors informed. and here s a nibble of freebies availble on tax day..cinnabon bites. curly fries at arbys and free small popcorn at amc theaters starting today through monday. a very busy trading day. tim mulholland of china america capital joins us now. tim, good morning to you. > >good morning. > >we ve been talking this week about earnings coming in from wells fargo and jp morgan, but how significant overall do you think the numbers will be to the market? > > other than for maybe a trade, i really don t think that s what the real focus or impetus of this rally is right now. because i think the real impetus behind this rally is what the fed s doing with their quantitative easing and zero interest rate