ainsley: real quickly since you are a finance guy domestically. charles payne has been on our show 14 states record unemployment rates. why is that? people are unleashing cash. if you go back, ainsley, to the obama administration, most corporations, large and small very defensive in the obama administration because of excess regulation. we built up trillions of dollars of cash on the s&p 500. the president s tax reform is actually unleashing that cash and getting deployed into the marketplace at the small company level and large company level. and that means more jobs, more growth, more investment capital. the very good news as i said to you guys a few months ago, that s going to start to filter into wage data as we go into the mid terms. once again, i think the president is going to surprise people because the expectation is that we are going to lose the house. but i was out last night with to tom macarthur. helping to fund raise. a congressman here in new jersey. we think we can st
a breather to that close to on monday due to a public holiday the nikkei is losses marked its worst week in two years and the german dax a shed about ten percent over the last two weeks the analysts here expect a swift recovery and in terms of the dax we will know more in about two hours so what s in store for us this week let s ask catherine a young investment director for equities at fidelity international in hong kong very good to have you with us catherine of first of all i d like to get your insights into what do you make of last week s market. lastly last week s market correction really was well you could say very much anticipated given that for the for the past couple of years we really have seen the markets just grinding higher and higher nothing goes in a linear fashion and what happened was we source of wage data coming out two
to the supply side puts pressure downward prices so you have supply. so they have to cut prices in order to sell their stuff. so we think the wage data we are seeing. unless they are raising wages, in that case would cause upward is this. no, if wages are going up, and productivity going up. wait, are you saying that companies are not going to use tax cuts for wages? remember, we talked this on the show before. there is a link. tax cut causes capital formation. increases productivity and that goes through wages. i think the surprise for me since we last talked about this is wage increases have come so fast. on the tax cut oblg tviously is added to add to the deficit. the numbers over all are $1.5 trillion. the chairman says the federal
people. and does this job report though, raise the prospects for an interest rate hike by the federal reserve? i actually think it may go the other way. the decline in the labor force rate the fact that the unemployment rate fell not for good reasons, because people left the labor market, and the flat trend in wages, wages just percolating around 2% not accelerating at all, a data-driven federal reserve may see this and say, given the weakness in europe given the fact the job market is still on the mend, maybe we should hold off a little bit. let me ask you, what would be the impact of a federal rate hike at this point then? that s an important question because if they just hike rates a tiny little bit, say a quarter of a percent or even less, i don t think it would have much impact at all. but when you look at the inflation data and the wage data, when you consider the weak parts we ve been talking about in this job market and that that 5.3% unemployment rate is not
working on it. st. nick s 2014 salary is just at under $140,000. that s actually up more than $2,000 from last year s estimate. to arrive at the number they use government wage data. santa brings home the most money for managing his toy factory and other odd jobs he does include tracking who is naughty and who is nice, cookie tasting and for reading all those reindeer. i also wonder, does that include is that pretax or after tax? either way, it he s severely underpaid. i think so, too. i also don t think they take social security out. forget about him retiring. he s never going to retire. he s never going to get anything out of it. coming up in the skinny, the president is looking for laughs with stephen colbert and a big exit from dancing with the stars. the job of his dreams. a guy who designs hot wheel toy cars gets to build a grown-up car for darth vader. wait until you see it later on world news now. announcer: world news now weather brought to you by