We create second down d 260,000 month. And there is the idea of a recession looming around the corner most of the big picture data points tend to be small. The Labor Department and payroll report this one tends to linger, painting the whole market in whatever light that report is and in this case, of course, its a positive light. These matter why . Because we head into next week its going to affect all of our game plan. On wednesday the Federal Reserve will reveal the next move when chairman Jerome Powell holds his press conference and after the fabulous numbers we got today, i dont know im worried. Im worried he can turn hawkish like did he late last year he took a wrecking ball to the economy. Colin powell, a wild card. Even though we have great job growth, there is not much inflation. That will be a Huge Positive if you take more hawkish tone, well, you no he what look out below and hes capable of that sometimes i think he just cant lose the old model the other big nine earnings eve
Trade, the president declining to provide more details on the negotiations with china this morning, saying, quote, well see what happens Broader Markets at the moment down about 0. 6 on the s p the dow is down 192 points the low of the session for the dow 250. So we are off the loan he lows t recovering a little bit in that final hour of trade. Joining us for the full first hour of the show is bespokes paul hickey. How you doing . Good. Do you think it makes sense well start on a soft footing given the great run we saw in november we saw a big strong run to close out the month of november here and dont put too much weight into the first trading day of the month. I dont know if you recall, but last december, we were up 1 on the first trading day of december and i think we all remember what happened the rest of that month. If we can get the opposite of what happened last december, ill take it fair enough lots to discuss with paul throughout the full first hour of the show. Lets focus in
Paul welcome to the journal editorial report. President biden and donald trump secure the delegates needed to clinch their partys nomination setting the stage for the first president ial rematch since 1956, most americans dont want that. Following the state of the Union Address President Biden has been barnstorming battleground states in pennsylvania, georgia, wisconsin, and michigan which were crucial to his victory but polls show the president narrowly trailing donald trump in those states which can he turn that around as the general Election Campaign kicks off . Lets go to doug showing. The initial polling after the State Of The Union suggests the president has not received a bump in his Approval Rating despite the fact so Many Democrats love that speech. Are you surprised . Not surprised. The speech was directed almost exclusively at democrats and to show that his cognitive issues as described by Special Counsel and others are not an issue. He wasnt really trying to change his Appr
4. 2 it has pulled back off that, a little bit, as you see there the nasdaq down for twostraight weeks. This takes us to the talk of the tape whether it has room to go. Chip investors stepping up and buying today, after the call on nv nvidia kristina is following that today. Its been a nice bounce. 6 , nice bounce the narrative is buy now thats what Morgan Stanley and bank of america is saying about nvidia shares. Theyre calling that an entry point for many, especially with earnings on next week. Nvidia is only serving half of the demand in the a. I. Market. Thats enough to rodrive revenu. They think q2 of 11 billion, which is 50 higher than what analysts is anticipating, is conservative nvidia should blow past its number that call is why youre seeing the stock up 6 . Not everything is perfect. That could cast off nearterm upside secondly, ali baba, and others are trying to rush the chip over fears that the Biden Administration will impose more export restrictions. Overall, you need to
It, where people arent going to say joe who . If you feel you can do it, you should do two. It gets you to the point where you need to be you will you are revealing i can give you a hint the average real heat feel was 115. And you werent out west . No. Thats a dry heat. This is a humid is that hot a place called the golden isle you have to google it. What state . Georgia heat index 115 . Yes you can fly into jacksonville. Why people go there in august . I dont know i havdont have an answer you have time coming up . It may be a good time of year to go to georgia quite the price to pay to get a couple months off. You have some experience dow is up 53 points right now. Continuing the snap of green after what had been more diff difficult. Maybe it is joe being back s p up ten points and nasdaq by 46 stocks sliding in asia lets mention treasuries this is what is interesting. Green in equities. Look what is happening with 10 and 30 the 30 at 4. 26 there are people who are concerned about the