Washington. Actually did we lose ashley as i was telling him to wake up. He was telling us about the markets being up for the day. It was quite a finish. Very funny moment. With the dow ending up by 558 points on the day. Were up throughout and we really had a strong move into the finish. As liz claman was talking about it, it didnt necessarily happen on news but happened nonetheless. Back to ashley we hope in a moment. Blake burman in the white house waiting for that News Conference from President Trump i believe at the top of the next hour. I hope youre there, blake. Reporter youre a baseball fan. Call in the righty if ashley cant go. If youre anticipating President Trump right now, within the next hour this, is impromptu announcement the white house said this afternoon saying president will speak from the rose garden at the top of the next hour. The white house not exactly saying what this is about though i am told from a source that the president will be speak about china. Elsewher
And the estimated number of deaths we will get ism today. Adp is out several european banks are spending dividends jim, how much of this mornings action does reflect the grim picture that the white house set forth yesterday . Its difficult to imagine how, lets say, optimistic people were versus what the president said last night. I think many people in the stock market understood that the numbers were completely understated. You did leave the office saying, wow, that could be just terrible because they didnt caveat it as much as you might have thought they didnt say, all right, but were doing great in this state, this state, this state they said look, this is the reality. I think the reality rolls back some of the 19. 9 gain we had last week in the s p then whats going to roll back the rest is if we have credit problems ill defer to david. David knows behind the scene what day it is today today is the day youre supposed to pay your rent david, a lot of people wont make those payments,
3. 5 . Joining right now to break down the number is anthony chan along with mike murphy. Great to see you guys. Thanks irving here. See mechanized beer. Why do you think the economists were so wrong on this very strong month of november for jobs . Murray a couple of things, first of all we know we have this big midwest storms during the month and a lot of people, let economists think that subjects in the number. Anywhere from 30 to 40,000 because of the weather. I looked the numbers, and these numbers are not seasonally adjusted so you have to compare to the year before in the year before that. Virtually no impact. Nothing significant on the weather. So additionally, everyone got spooked by the avp report because that came into the week. If you look at the avp, theres a lot of volatility there almost 70,000 with standard deviation. But when that that comes them below hundred thousand its usually historically leaves to a blowout number thats about 60 to 70,000 above the market expectat
3. 5 . Joining right now to break down the number is anthony chan along with mike murphy. Great to see you guys. Thanks irving here. See mechanized beer. Why do you think the economists were so wrong on this very strong month of november for jobs . Murray a couple of things, first of all we know we have this big midwest storms during the month and a lot of people, let economists think that subjects in the number. Anywhere from 30 to 40,000 because of the weather. I looked the numbers, and these numbers are not seasonally adjusted so you have to compare to the year before in the year before that. Virtually no impact. Nothing significant on the weather. So additionally, everyone got spooked by the avp report because that came into the week. If you look at the avp, theres a lot of volatility there almost 70,000 with standard deviation. But when that that comes them below hundred thousand its usually historically leaves to a blowout number thats about 60 to 70,000 above the market expectat
3. 5 . Joining right now to break down the number is anthony chan along with mike murphy. Great to see you guys. Thanks irving here. See mechanized beer. Why do you think the economists were so wrong on this very strong month of november for jobs . Murray a couple of things, first of all we know we have this big midwest storms during the month and a lot of people, let economists think that subjects in the number. Anywhere from 30 to 40,000 because of the weather. I looked the numbers, and these numbers are not seasonally adjusted so you have to compare to the year before in the year before that. Virtually no impact. Nothing significant on the weather. So additionally, everyone got spooked by the avp report because that came into the week. If you look at the avp, theres a lot of volatility there almost 70,000 with standard deviation. But when that that comes them below hundred thousand its usually historically leaves to a blowout number thats about 60 to 70,000 above the market expectat