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Decades. The economy there slowing by almost 7 . And two dow components moving higher boeing that is restarting some production in Washington State and proctor and gamble reporting strong sales growth. Ill hit that later in the hour. Yes, indeed, hooking forward to that. Markets up 1. 5 59 minutes left of course. Lots of big guests coming up including we will discuss the broad market rally with bank of america and blackrock and chamber of commerce ceo, tom donohue will discuss the call for congress to provide more emergency funding to Small Businesses bob pisani is tracking todays rally. Adam from staten news is with us to talk about the market moving report he cowrote on gileads drug bob, lets kick things off with you. Well, we are up today and have been all day, but were at essentially just off the lows for the day. So the markets kind of running out of steam here. The ....
positions. plus, seven stocks to be bullish on ahead of their earnings the investment committee is ready to go. half time report starts right no now. welcome good to have you with us j joe, and cnbc s jim cramer you know him, the host of mad money. s&p and nasdaq jim, i turn to you with the question we asked at the top, whether the market is over valued in a danger zone or not. i think it depends on tech. it actually depends on tech. 20% of the market is tech. you could have great numbers from facebook, which i think you could have it, amazon not being kept down from the fact that amazon services has bottom there had, versus azure. netflix, i didn t think, was that bad alphabet could be good i believe apple might be a real growth spurt f those happen, i think it s going to take up a lot of the worry and i think every one of them could. instagram for facebook has taken off as the single best way to advertise. i didn t hear anything at on the netflix call. on t ....
Speaker pelosi and threatening taiwan with new military action. Dangerous acts to a new level. You have the ability to stop this from ever doing it again. Making alex jones pay and the punitive damages and the amount ordered. The return of wolves to colorado. The report on the contentious fight underway as ranchers fear the worst. These are smart, cunning, predators that know what they are doing. Russia makes a move on the request of jeffrey Brittney Griner and new blowback over the decision to cancel the batgirl film. And what religion looks like in the metaverse. Good evening, everyone and welcome. President biden touting a surprising jobs report that rebuts concerns that the economy is headed towards a recession. According to the labor department, the economy added a half million jobs in july, more than double what economists predicted. In the meantime the Unemployment Rat ....
Session low of 129. 47 after that disappoi disappointing survey. No revision to the september indices. And just to recap, a short while ago, we also had the composite pmis as well. 46. 2, slightly weaker than the reuters poll of 46. 4. The Business Expectations index 47. 8. It was 49. 4 in september. Thats the lowest since february 2009. The october manufacturing pmi 45. 3. Again, weaker than the reuters poll of 46. 5. So the pmi and apple index 44. 8 as well, and thats down from 49. 7. So eurozone business in october continues suffering the biggest recession. Joining us is chris williamson, global chief economist, which puts all that data together. Take the german pmis, take your composite pmis, not cheery. Its not a good picture, no. The survey is pretty unanimous, saying the zone is going through a tough moment, the worst since 2009. These are really bad numbers. Whats interesting is the official data havent quite caught ....
I do worry about the work ethic thats kind of developing in this country. Food stamps up from 17 to 47. Social Security Disability 3 to 9. Unlimited unemployment benefits. I dont think that was the work ethic that our Founding Fathers thought about. I hope as we recover a number of things, well reestablish the need and interest in working. For me, as far as this whole sequestration goes, i think we need to differentiate between tax hikes and spending cuts. Last year it was tax heights that plunged into a recession. The fiscal cliff was a big deal. Sequestration is not a big deal, because Government Spending needs to go down. The market knows that. If they suspended it and pushed it off, it would probably be worse for the markets than actually having it go through. Gentlemen, thank you both for being here this ....