Theres not enough food or tonic to get you through it. If you really want to blame anyone, you can blame disney. I was disappointing earnings yesterday. The theme park business is pretty secure in the face of those higher ticket prices and the likes. It was the cable business in slowing down the business has scared some investors starting to think. We are keeping an eye on that. The exception or the role. We dont know. In the meantime, a big meeting tomorrow on capitol hill doubled feature donald trump. Also Speaker Paul Ryan and a lot of the egg as mucketymucks is what we can call them in the Republican Party. What theyll be chatting about, what they want to hear, but he did kind of set the stage. What we are trying to do is be constructive as possible to have a real unification. I said this the other day. To pretend we are unified as a party after coming through bruising primary that ended a week ago, without actually unifying, we go when at half strength. This election is too import
10 30 this morning, inside, surrounded by firefighters and his family members, adam teal teal became philadelphias new fire commissioner. Taking the oath of office. Moments later, i spoke with him, about his goals for the department. So many great people i met, just great feeling, you know, city of brotherly sisterly love, real happy to be here and get started. Philadelphias new fire commissioner, 43 year old adam teal, moments after he was sworn in, told me, in a exclusive oneonone interview, his first step will be to visit every firehouse in the city. My focus really will be initially on the people, get to go nobody everybody, visiting all of the firehouses and we will work on that part, and then we will get into some of the other challenges around the community. With his family at his side, the new commissioner, who was formally fire chief in alexandria virginia and a Virginia Deputy secretary for Homeland Security, says, hell be working hard on planning for the Upcoming Democratic
Were involved in about five different schemes which they allegedly transferred and stole money from various grants and funds in order to pay back an illegal million loan. That loan goes back to fattahs failed 2007 mayoral campaign. The money came back from federal grants, taxpayers and Nonprofit Organization founded by the congressman himself. According to prosecutors, the four people on trial, former aides of fattah, each made every single move with the knowledge of fattah and at the direction of fattah who this morning stopped to talk to reporters on his way in to court. Well, first of all, i am thankful and grateful for the strength of my family and im extraordinarily appreciative of the great legal team from the firm that will be leading my effort here. I want to say thank you to the voters and the citizens who have supported me and for their prayers over these many, many years. Reporter the defendants in this case are facing multiple charges including racketeering and money launde
Are faring and as we do, given that employment number, the 10year note yield, Strong Performance for the equity markets in europe and there is a look at a yield that has come down a few basis points. Had been above 1. 6 yesterday. Crude up today reversing a slide recently. And well see how all the equity markets fair. The employment report ahead of the fed policy meeting later this month. Ladies . The Research Notes are flying in the inbox already. What are they saying in. Takes pressure off the fed, forget september, its not going to happen. Here we go again. Were in this perverse world where a disappointment on the economy, is very positive for equities. You see the rally, the dollar weakening, treasure yields go lower tells a tale of a fed that might not have to hike Interest Rates. Its not a total disaster in terms of the jobs report. If you break the report down it came in below consensus but were also coming off a strong stretch for june and july. Unemployment Holding Steady at 4
Is mediagetton still upon us. Disney posting mixed results. The details of squares ipo are out. And alibaba buying the youtube of china for 3. 7 billion. The story of the morning is the strong jobs number, including 268,000 private sector jobs added last month. 5 unemployment is the lowest since 08. Average Hourly Earnings up 0. 4. The numbers coming out two days before fed chair yellen indicated a hike in december was a live possibility. Earnings year on year, 2. 5. The biggest since july of 09. Weve been waiting for that number for a long time. Remember earlier this week i sa switched my posture and said bring the rate hike dollar. The dollar will be stronger than it is, and that will hurt the industrials. The banks will soar. Thats a huge part of the s p. It will be mixed for people who own stocks. Healthcare should go down here. The bank stocks, wow, they could carry the whole thing. Does it mean that 70 is being priced in for december . If they dont do it we keep talking about the