Tom keene in new york. There was a big surprise from the boe yesterday. Tom i have to tell you, and we will show charts, yields speak to the tensions out there into this mornings jobs report. Francine they certainly do. Then we will go to the boj. Lets go to the bloomberg first word news. More on todays jobs report. The government will issue another solid report later this morning. 180,000 increased by july with the Unemployment Rate falling to 4. 8 from 4. 9 in june. Fornumber of people higher permanent positions in the u. K. Slumped the most in seven years in july, according to a report improvementd the federation. They are calling it a dramatic freefall. The bank of england said the outlook good weekend markedly. In south africa, the chief whip of the Ruling African National Congress Said the party conceded defeat in Nelson Mandela bay. That includes the city of port elizabeth. 98 of the vote counted, nearly 47 of the vote, to 41 for the anc. They are poised to lose control of Johan
Yesterday, not much direction today. The 14th straight session where the s p has not moved by the close of trading. Not saying it will not today, but it is a safe bet that time. Weve seen a lack of activity, volatility falling. This is fairly typical of earnings season, but this one is even more so than we typically see. All of the major averages kind of mixed. The dow has been faring the worst, down 73 points. The nasdaq is higher, just barely. It is facebook is keeping it afloat. Of course investors are seeking through earnings. Facebook shares have pared some of their advances. They are normally down 1. 5 . They were up as much as 4 earlier, quite a change even as facebook comes up with sales and rose 59 . 1. 97s 1. 79 billion billion active users. Ford on the flipside, one of the things providing a drag on the major averages. Ford coming in with earnings that missed estimates. The company also saying this year will be tough, auto sales will likely contract. We are looking at whole
Where Ramy Inocencio has been tracking the followed from the betterthanexpected jobs report. Ramy looking at where we are right now, we are just off of session highs. I want you to look specifically at numbers for the s p 500, as well as the nasdaq, on pace to close at all time record highs for both indices. The s p 500s highest previous therd high was 2175 and nasdaq was 6218. We are still 90 points away from the dow record high, but still up by more than 150 points on the day because of that stellar jobs report. Function,e imap looking at the Sector Health of the s ps 10 sectors, seeing broad rallies across the board. Utilities and telecoms are laggards, but financials saw the biggest jump, 1. 65 because of what happened with the jobs data consumer discretionary. Informationtechnology up 1. 1 . Take a look at a deeper dive into financials. Across the financial board, it is in the green. Financial up 4. 4 . Bank of america and citigroup all up, seeing their biggest jump in five weeks.
It is 6 00 in london. Focus on the jobs data. We will talk about the bank of england as well. We are getting numbers from european corporate as well as reporting secondquarter numbers. That income coming at eight at. If we look at Second Quarter offering profit, 2. 4 billion euros. The estimate was 2. 47. What it says is that its on track for its four year target. Im not seeing any detail yet on pimco, but i will dig into that. That is one of the challenges with allianz. This is one of the challenges since the departure of bill gross. Anna of course they have new capital restatement. He arrives on november 1. Onwill be speaking later during programming to the cfo of allianz, talking to was on the move at 8 30 u. K. Time. Thanks for taking us through the headlines. This is the Worlds Largest cement company, confirming their outlook for 2016. Operating adjusted coming at 1. 7 billion francs against an estimated 1. 6. Coming in for the Second Quarter at 7. 2 8 billion swiss francs, an est
Im francine lacqua. Lets quickly check on the markets. Centralas to do with banks. After the boe surprise yesterday with qe, the focus turns to u. S. Jobs data. This is the picture. European stocks, a touch higher. In terms of the amount of money passing hands, lower than it usually is around early august. The pound, yesterday we saw a huge move in pound. I wanted also to show you the europound at 84. 80. Its been quite a tough week for banks. I wanted to show you that index overall. Plenty more on corporate stories, but first, lets get to the bloomberg first word news with nejra cehic. Nejra britains biggest taxpayerowned lender saw a net loss of 0. 8 billion pounds compared with a 280 Million Pound profit a year earlier. Cfo Ewing Stevenson explained the Details Behind the figure. Loss, andak out a establish the fact that the core business made another billion pounds of pretax operating is typical with us, while we are in the middle of a restructuring period, we saw some pretty subst