Cfo will join us first on cnbc. Staples and office depot higher in the premarket, reports two in advanced merger talks. First up Oil Prices Rising sharply on expectation of decline and u. S. Drilling activity. Bp posted better than expected quarterly results. Bp ceo bob dudley spoke this morning. I think its going to take time. Could be a long time. There is excess supply. U. S. Productions still growing. We see about the rig counts what its growing. And chinese demand of course great. Growth in china is not as high as it was. So we have stock levels filling up all over the world, tanks filling up. Wont be long before people putting them in ships and that take is along time to work its way off. Is there a lot of oil news today. Thats just one data point. I love bob. Hes late here. Theres already been a dramatic increase in the number of financial players taking down tankers. If you look at nordic and american tanker they will tell you that is happening now. Whats interesting and bob du
Employment report and how stocks reacted to it. 295,000 jobs were created last month. Many more than expected making it the 12th straight month in which at least 200,000 new jobs were added. The Unemployment Rate dipped to 5. 5 a level not seen in nearly 7 years. Sometimes whats good for main street isnt welcome news on wall street. Many say the strong Economic Data could pressure the Federal Reserve to hike Interest Rates sooner than thought. That sent stocks tumbling and how. Off 275 points to 17,856 and nasdaq down 55 and the s p 500 fell almost 30 points. And for the week, all three indexes were lower. Now with stocks dropped on todays job report treasury yields jumped with the dollar soaring to a new 11 year high against the euro for good measure and Hampton Pearson takes a closer look now at the labor market and what the fed might do reporter in february the job market got stronger despite bad weather in much of the country, a major slowdown at west coast ports and layoffs in the
Month. Many more than expected making it the 12th straight month in which at least 200,000 new jobs were added. The Unemployment Rate dipped to 5. 5 a level not seen in nearly 7 years. Sometimes whats good for main street isnt welcome news on wall street. Many say the strong Economic Data could pressure the Federal Reserve to hike Interest Rates sooner than thought. That sent stocks tumbling and how. Off 275 points to 17,856 and nasdaq down 55 and the s p 500 fell almost 30 points. And for the week, all three indexes were lower. Now with stocks dropped on todays job report treasury yields jumped with the dollar soaring to a new 11 year high against the euro for good measure and Hampton Pearson takes a closer look now at the labor market and what the fed might do reporter in february the job market got stronger despite bad weather in much of the country, a major slowdown at west coast ports and layoffs in the energy sector. The 295,000 workers added to payrolls last month brings job gro
Month. Many more than expected making it the 12th straight month in which at least 200,000 new jobs were added. The Unemployment Rate dipped to 5. 5 a level not seen in nearly 7 years. Sometimes whats good for main street isnt welcome news on wall street. Many say the strong Economic Data could pressure the Federal Reserve to hike Interest Rates sooner than thought. That sent stocks tumbling and how. Off 275 points to 17,856 and nasdaq down 55 and the s p 500 fell almost 30 points. And for the week, all three indexes were lower. Now with stocks dropped on todays job report treasury yields jumped with the dollar soaring to a new 11 year high against the euro for good measure and Hampton Pearson takes a closer look now at the labor market and what the fed might do reporter in february the job market got stronger despite bad weather in much of the country, a major slowdown at west coast ports and layoffs in the energy sector. The 295,000 workers added to payrolls last month brings job gro
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