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Get a jump on the day s news with Christine Romans and Dave Briggs. paul manafort spent $2.2 million on home entertainment technology. including $10,000 on a karaoke system. a lot of details prosecutors packed in. we will hear more from his accountant today as they delve into his finances. dave and kaylee. thank you, jessica. can the u.s. economy keep up the pace of swift job creation? we get a look at the labor market this morning when the july jobs report is released. economists are expecting 190,000 new positions. the unemployment rate is expected to tick down to 3.9%. it rose in june as more than 600,000 americans got off the sidelines and entered the labor market looking for work. the big mystery has been wages. that number expected to hold steady at 2.7% annual rate. wages have been stuck in that range for the past three years. as the labor market tightens, wages rise, but the growth has been slow since the great recession. wall street is looking at where the job ....
Apple is the darling of wall street this morning. stock popped 3% yesterday. it capped off a historic mind boggling run. apple is the most valuable company in u.s. history. worth more than $1 trillion in market value. stock up 22% this year and more than 200% over the past five years. the start of the span the market cap was below $500 billion. some perspective on the new number, only 16 countries in the world have a gdp of more than $1 trillion. or this, the market cap for the four biggest banks in the united states, add all four together, and you get over $1 trillion in value. the latest company to drop plastic straws is shake shack. it plans to get rid of all in the first quarter of next year. the burger joint ceo mentioned it on the earnings call. it follows other companies like ....