An additional 30 billion to the economy plan. Last night and took it to the session into europe, it looks as though the Trump Administration is going to take a harder line when it comes to hong kong and we will return to that theme in around half an hour with more insight on what the British Government is trying to do to kickstart the u. K. Economy and we will be joined by steve barker, and that conversation is live at a time in london and 11 30 in new york. Had cash for clunkers in 2009 and i guess you guys have cash for food. Lets take a look at where we is ourting, scarlet fu senior markets editor. The s p is off of its highs, the nasdaq and the nasdaq 100 are at record highs, no surprise that you have the record highs in apple and amazon. What we have been seeing are the european stocks moving, with plenty of demand for safety with gold prices moving about 1800 an ounce. Speaking of, take a look at these names, they are all at record highs and the bigger getting bigger. They have d
I see a letter and i want it to be black and no colors that i want to turn black i see the girls standing there in their summer clothes i have to turn my head until my darkness goes good thursday morning. Welcome the squawk alley. Kayla tausche is live for us at 1 squawk alley and shes han a exclusive with jack dorsey on the closing bell, and meanwhile jon fortt and myself at post 9 and Henry Blodgett ceo and finder with insider h, and a lot to to get with us. And start with the alibaba shares after the revenue jumps 39 helped by the gross merchandising value, and that is after jim chanos at the sohn conference say said that he is shorting i. We are short. We are short because of accounting reasons, and we have question questions about the met u ricks and real questions on the cash flow, and most importantly, the biggest part of the business which is the fulfillment part of the business delivering the package is unconsolidated on the financial statements, and we dont see how profitable
We do begin with the fed and the markets and the realization that the free money mania of the past six years could be about to end. Most importantly, investors seem ready. Stocks taking off after those fed minutes appear to lay more ground work for a december rate hike. The reason that we at double line are cautious though, when you look at broad indicators today, were worse off than in 2012. At the end of 2012 gdp want only gdf was off by 1 . Now its around 3esh. Moderateties are at alltime lows in some indicates. China is slowing. It just doesnt strike me that things are so hot that you have to accelerate. Are they so bad you have to be at zero . I guess the fed price stability. With regard to the price stability, were nowhere near the 2 inflation target. With unemployment by conventional measures, 5 it looks like were there. However, what i thought was jarring is when you parse through the numbers of the last unemployment report, 271,000 jobs added. Thats great. It was shocking to m
Records. Dow 18,000 in the cards. The economy on pace for its strongest year of job creations since the 90s. Retail rift. Well see how deep the sales split goes. Starbucks new Retail Concept that has many investors buzzing about the business beyond coffee. First up in november, nonfarm payrolls up 321,000. That did beat forecasts of 230,000 september and october revised higher. Private sector added 314,000 jobs last month. Unemployment rate holds steady at 5. 8, average Hourly Earnings was maybe the star of the show. Thats the biggest since june 2013. You heard becky, joe and andrew talking about implications for rates. I love the goldilocks scenario. We dont have it today. This is just a strong number. I like goldilocks because that says you dont have to worry about the Federal Reserve. There is still enough you might get excited. This is an economy in growth mode. We dont want to get in wage inflation. I rarely come in here and say listen, you worry about the fed way too early. We ar
Absence of negative news, guess what . We bow as we did today with the dow finishing down just 25 points after having fallen 203 points at the opening, the s p actually advancing. 0 and the nasdaq gaining. 5 . We were able to bounce because we are very oversole and a lot of the sellers and the flailing hedge funds gone wild seem to be out of the picture for now or margined out of the picture is like likely. When you borrow money from the broker, you are pushed out of the picture pretty darn quickly by a margin clerk demanding you sell other stocks or else and in the absence of forced selling played a big role in todays comeback. In pack, now weve anyone from panic where we saw the bottom yesterday, some 450 points ago into complacency as in all is well. Many people think were out of the woods, but thats exactly what no bottom until checklists are made of. Checklists that give you a Real Foundation for a move up and not a tradable one where we have to sell on the strength. Remember, i w