I am Erik Schatzker. Stephanie i am stephanie ruhle. Erik breaking news but last big piece of Economic Data before the jobs report, julie hyman is in the newsroom with the headlines for us. Julie the expectations were not very high going into the report, but the number is coming in that are than the estimates with a rise of. 2 . This is the fastest rise weve seen since last july, and we have seen this downtrend as of late, a drop of. 3 was what was estimated, however, there is a dark spot, and that is the revision. The month earlier revision for january, the number revised lower to. 7 drop from. 2 , so that may be a watch if you look at all things considered. The fact is we broke this losing streak and it might be viewed as a positive sign by economists and the market as well. Erik julie, thank you very much. Lets not forget the jobs report and special coverage here on Bloomberg Television. Stephanie and the top business stories of the morning. Firsttime claims for jobless defense have
Skills. Melissa brace for impact. Wage rage may be about to hit Washington State twice whether you agree with the ongoing wage wars or not. This takes it to a new level. Despite a minimum wage hike two weeks ago on january 1st, despite having the highest minimum wage in the country, at 9. 32 an hour, Washington State wants to raise it again. Seatacs mayor who supports the second spike joins me on the phone. Why do you support this, mayor . Thank you for having me today. I support this because i see in our community that we are utilizing all of our resources to help with public assistance in order to keep our community thriving. Melissa so it is about saving taxpayer money on public assistance . Well, right now, the taxpayers pay a lot of money through public assistance. Melissa okay. You dont fear you would end up more people out of work and thus, costing the city more money . The general manager of cedar brook lodge in seatac itself is quoted saying they will have to reduce hours and
And theres confidence in the banking business. Announcing plans to exit this year. Announcer youre watching Worldwide Exchange bringing you Business News from around the globe. Pretty tepid for equity markets. We went home thinking a deal would be done in the United States. U. S. Senate talks on a Government Shutdown may be stalling. Senate majority leader harry reid still sees a chance to break the impasse before thursday. He spoke with Mitch Mcconnell sunday saying talks were substantive. Reports now Say Senate Democrats say any debt deal not lock in further sequester budget talks which the gop wont accept. Congress will be in session today even though its a federal holiday. World leaders are urging a deal. Christi Christine Legarde is warning of the problems. If there is a lack of trust in the u. S. Signature, it would mean massive destruction the world over and we would be at risk of tipping yet again into recession. Yeah. Session here though on the trade for european equities were
Dagen good morning. Before the weather we get to stocks. And we go downtown to the corner of wall and broad and Nicole Petallides on the floor of New York Stock Exchange. A bit after rebound, nicole. Dow jones industrials snapping back from yesterdays losses. Yesterday the Dow Jones Industrial average dropped 135 points. Not a good way toking kick off the new year. Obviously kick being off with a decline for First Time Since 2008. However, last year, 2013, was a great one. Were back with green arrows with the dow above 16,500. You have a majority of stocks with up arrows. Drug index, retail index, banking index, oil services, transports, truckers, shippers, airlines, checking on airlines with all the snow and still maintain some up arrows. You do have market breadth looking somewhat favorably. I do want to look at shares of lindsey. They have a mixed bag here. They have a Buyback Program underway. They boosted the dividend. They did have a quarterly miss. This is irrigation maker. Back
In Northern Ireland, just a week after being allowed to reopen. The first minister of wales announces new covid restrictions will come into force next friday, as cases rise again following the firebreak lockdown. 13,000 jobs are at risk the arcadia group, which owns topshop and dorothy perkins, is on the brink of collapse. The eus chief negotiator proposes that eu fleets return some fish caught in british waters if a free trade deal is agreed, rte reports. His comments come ahead of brexit talks in london this weekend. A blood test that can detect more than 50 types of cancer is trialled by the nhs. The Prime Minister has been defending the decision to place large areas of england in high coronavirus tiers next week, after many of his own mps expressed anger that the restrictions arent more locally targeted. Some are now threatening to rebel in a vote in the commons on tuesday. Damian green is a former cabinet minister and mp for kent, which will face the most severe measures. Hes one