Welcome to the polls. Life from bloomberg headquarters here in london. It is jobs day in the u. S. Forstors will be searching meaning in the numbers ahead of the september Federal Reserve meeting. It may not be super thursday, but the u. S. Has key Economic Data on friday. The next to last jobs report before the Federal Reserves meets in september. The economist we raised we theeyed, predicts with unappointed rate Holding Steady at 5. 3 . As long as job growth and maintenance trend, with an average growth of 200,000, economists inc. The Federal Reserve will raise rates as early as september. Showed calls it a case of me why i shouldnt. One of the reasons the fed shouldnt is because of wage rates. The average will rise 0. 2 . And 0. 3 yearoveryear. Growth and pay is the one missing factor that would help push inflation up to their 2 target rate. Last week there was a negative sign for wages. The employment cost index which measures hourly pay an annual salary rose in the Second Quarter
Housing is very important influence on Economic Performance and on the health of consumers for such a large share of americans. Importantir most asset and housing crisis affect wellbeing, their wealth and availability of credit and access to ability to borrow. So the health of the Housing Market is extremely important and let me say talk about when it comes to the Younger Generation because the Younger Generation that i talked to group through the housing crisis. At one point in time owning a home was the best investment you could make. Do you think that is something that is going to be of concern for our future and for the Younger Generation when it comes to owning a home . There has always been at the debate over whether it is correct that housing is the best investment that one can possibly make and i agree with you that in the aftermath of the crisis views on that are changing. On aot going to opine personal view as to whether or not thats true. But those individuals with very stro
Where apple is putting their money, finally. Lets head to the markets desk where julie hyman has a look at where investors are putting their money. Much and stocks. After we got retail Sales Numbers earlier, were just getting university of michigan consumers been a, better than estimated like the retail sales were better than estimated, coming in at 95. 8. Expectations better than estimated, 87. 5. When you look at the retail sales number, that defied expectations as well. Even if you back out cars and gasoline, a cayman better than estimated. A lot of that strength because of nonstore retailers. Because of ecommerce. That number includes catalog and direct mail sales. Nonetheless, it looks like ecommerce, and accounted for each some of these strengths. A bit of a muddling along to end the week. Take a look at the groups on the move. Technology a strong, only at. 4 . Consumer discretionary leading the losses, because as betty mentioned, we do have individual retailers out of disappoint
Says that they will leave the european union. David davis was named secretary of state. Negotiations could continue. Theresa may has mocked Boris Johnsons negotiation skills. Become johnson accused president obama disliking the legacy because of his kenyan background. The chinese passenger plane may test flight in one of the areas in dispute. China had noled historic claim over the south china sea. Donald trump is promising to reveal the person he has chosen to be his running mate tomorrow morning. Team haveate and his been meeting with indiana governor mike pence and Newt Gingrich as well as Jeff Sessions and chris christie. Meanwhile, on capitol hill, republicans are demanding more transparency in the Treasury Department and the federal reserve. They want treasury secretary jack lew to release plans for a crisis. Republicans and a Obama Administration have clash as to whether the government can prioritize debt payments. Global news 24 hours a day, powered by 2400 journalists, in more
Being sued oftels laundered aliens dollars. Hsbc says it will defend the case. Those are the headlines. 24 journalists, 150 euros. Journalists, 150 bureaus. Chinese market closed for the lunar holiday. The nikkei down. Back in half an hour, time now for bloomberg west. I am cory johnson, in for emily chang. This is bloomberg west. Tradersk, solar city after investors send shares down 29 . Could amazon become the next that x . A blueprint for a Global Shipping and logistics operation. Corey net disney reporting an interesting quarter. Shares. Ase in star wars driving most of the action. Investors have been sending shares down as es en continues to see subscriber losses with rising programming costs. Columbia,yst and from we have input. You would inc. That star wars would more than make up for a little weakness, but no. This was a real head scratcher. Here you have a company reporting a record quarter and you still have a Share Trading down. Investorr one issue on minds is espn. Commenta