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Spending, and auto sales. And then finally on friday, we get that big july nonfarm payrolls report. Economists are looking for about 184,000 jobs to have been added for the month. Meantime, the Unemployment Rate is expected to fall to 7. 5 . But joe, its going to be really interesting watching a lousy gdp number, probably a good jobs number and seeing how the tenyear reacts to each of those numbers. How do we know about the jobs number . Were ready for a bad one. You think it will be good because of the claims numbers . I dont know. I dont know either. Were ready for either. How the bond market reacts to good news bad news potentially. And the feds going to be in focus this week. Yep. Talking about the fed . So sick well, if its not humphrey hawkins, a twoday bernanke thing, now its the fom. I dont remember in my life being so controlled by any every fed decision. Then the minutes release later of what they said. Its constant. ....
Get ready for the testimony of janet yellen, her first testimony to Congress Tomorrow before the House Financial Services committee. So were in sort of a wait and see mode today. Certainly are. Meanwhile, what a mess over at aol. The ceo now apologizing for citing the cost of providing insurance for, quote, distressed babies and plan to match 401 k payments only at the end of the year. Who should the ceo be looking out for first, his workers or shareholders . Well make the payments at the end of the year or no. That was easy. Also, that report that obamacare is going to cost the equivalent of over 2 million fulltime jobs. That just continues to rattle washington right now. It was a big focus of the sunday morning talk showinp morning talk showins morning talk showinhows, and no Tommy Thompson will be here ex ....
And now there are questions about his wife, huma abedin. Why is she getting a sixfigure salary from the state department . Why is she stone walling a Senate Investigation . All that and more coming up on the kudlow report right now. First up, the white house saying today president obama likely wont name fed chairman Ben Bernankes replacement to the fall. The battle for the seat is on but it seems to be less about Monetary Policy and more about gender. Good evening, john. This looks like a choice between two Ivy League Educated economist who is served democratic president s, but the race between Larry Summers and janet yellen has become something more than that. Yellen is the current fed vice chair exp ....