The 30year at 3. 222 and today is jobs friday lets look at expectations forecasters say that the economy probably added 160,000 jobs last month. The Unemployment Rate is seen Holding Steady at 3. 5 the backdrop for this mornings report, stocks at record highs the dow closing within points of 29,000 yesterday, 28,956 apple was a big driver shares of the neck giant up more than 2 and its also adding to the gains this morning its up another 2. 20. Apple last trading at 311. 84. On a trillion and a half. Trillion and a half market cap. It was a broad rally, all 11 sectors of the s p 500 closed higher. Are we taking the under on the jobs i just feel like it would be the under on the jobs. Youve got the weird seasonal things that take place. The number was so blow out last time. It revised higher than months before that, too. It seems like eventually theres a regression or whatever you want to call it to the mean. Im hoping its good. 160,000. 160,000 is a lot. Trade continuing to be a huge s
Warm welcome to Worldwide Exchange this friday morning on cnbc im wilfred frost. Im seema mody in for sara eisen today. Good morning to you. Good morning to you lets check in on the Global Market peicture this morning. A day of gains, up slightly resounding week to kick off the year it looks like it will continue the dow up 61 points nasdaq 23. S p up 5 in premarket trade. Yesterday financials played catch up having lagged the market for most of the week. But for the week as a whole, energy the clear winner with oil prices rising. That sector up 4 in the s p tenyear treasury note for youful yieyou. We started the week in the low 2. 4s, ending at 2. 456. The 1,000point run weve seen in the dow is the fastest in history look at asian equities, japan seeing its biggest oneday gain in over a year you can see here on friday closing higher by nearly 1 . Softer gains in hoping congress and china, but still stocks there moving to the upside the kospi up better than 1 on the day. In europe, the
On cnbc. Courtney reagan is in for sarah. Happy friday. Im always excited to hear what the first song is. Good pick. And i actually know who this is. Old school. Lets check in on the Global Markets this morning. Futures trading right now after some declines yesterday. We did see slight gains for the dow, slight declines for the s p. A bigger decline for the nasdaq. It was down just over 1 . Week to date, were looking at nearly 3 of declines for the nasdaq, 1 for the s p, dow just in positive territory. And were staring at slight declines in the futures market as you can see, the dow doan by 14 points or so, nasdaq by 24. So this will he said tend the w streak if things stay like this. Lets look at the ten year treasury note in that had an effect on stocks yesterday because it spiked more meaningfully in terms of daily performance than it had in recent days b. We saw the ten year note go just shy of 2. 5 , it was 2. 49 at the highest point of yesterdays trade in terms of yields. Its at
Very good morning and warm welcome to you on Worldwide Exchange kicking off now on cnbc. Im wilfred frost with kayla sitting in for sara. Good morning. I like that youre playing the weekend music. Gets you in the mood. Even though it is 5 00 a. M. It is basically the weekend. Lets see what the markets are doing now. U. S. Equities open lower, gained traction throughout the day. Finished about a quarter of 1 higher. This morning, pretty much bang on flat in the premarket, s p slightly in red, treading water ahead of the jobs number which comes later today. All eyes on that and the implications for what it means for possible fed rate hikes. Lets look at the tenyear note, what is the bond market doing this morning. Were bang on 108. We just have come down on the yield. Seen a little bond buying during the course of the week, close to 1. 9 earlier in the week, now at 1. 8 . Everything rests on todays big market story, the u. S. Employment report, forecasters say the economy likely added 15
The nasdaq off by 11. Take a look at at asia. Nikkei was down by a quarter percent. And the shanghai composite down by 2. 8 . In europe. Same trend weve seen. The dax is down about half a percent. The cac close to 1 . Ftsi down. 7 . And crude oil, wti is down slightly, at 44. 12. I dont think the market is ever going to go up until it stops raining. And it is 50 and raining for like the day in a row here. Only been five . Yeah and. Probably use some rain. These guys could use some. This is a worse story. Developing wild fire out of canada this morning. Officials warning the fires could spread even more because conditions are still tinder dry. At least 88,000 people have already been evacuated and more than 1600s and buildings destroyed. The fires could lead to 9 billion in insurance cost. In an area with the Third Largest oil reserves in the world and estimates suggest production cuts could wipe out canadas growth in the Second Quarter entirely. That is a big story. Also, stocks to wat