25,000 mark yesterday, the fastest thousand point gain for the dow ever with 152 point rally yesterday. President trump took credit in part for the latest milestone yesterday. We did, in fact, break 25,000 very substantially, i was in new york at event recently and one of the policeman came up, an officer, sir, i want to thank you, my 401 k is through the roof, my wife thinks im a brilliant investor. He said he was up 39 . I said you should be doing better than that, actually. Maria why the president says the next stop the 30,000. Futures indicating the momentum continues this morning. Check it out ahead of decembers job report. Markets are up strongly. Dow industrials up 78 points right now and another third of a percent, s p 500 also higher by a third as nasdaq gain ing 24 points sitting above 6600 on the nasdaq, economists are expecting a good jobs number today, 190,000 jobs expected to be added to the economy in the month of december one employment rate halting steady at 4. 1 . We
Numbers. Bitcoin tumbles after one of the biggest cryptocurrency markets thinks about banning trading. I get in enough trouble talking about things i know about. Why should i talk about things i know nothing about. And the uae oil minister tells cnbc that opec measures are bearing fruit. Opec is committed to what they have decided when we meet in november, which to continue this deal for a full year. The market is balancing. This is what we have been saying good morning were about one hour into the trading session. Its thursday. As you can see, the picture bemib behind me is not looking that positive the split between red and green for europe for the first day in six days, u. S. Equities came off their highs. The opening picture for europe is pointing to slightly weaker start to the day just below that flat line. Lets get into some of the individual markets uk has a very big earnings day as far as retailers. Tesco came out, house of frazier. Whale get into tho well get into those stori
Dartmouth, just a few minutes from now. Lets get you caught up on some of the top stories. One of the most serious crises on the Korean Peninsula in years, talks between the north and south are in its third day of talks. Demands that south korea and the propaganda broadcast. Harry reid has come out in favor of the Iranian Nuclear deal. He was one of the democrats who hadnt announced how they would vote. Upma has been trying to line enough lawmakers to make sure it doesnt get killed in congress. Today the french president franceshree americans highest decoration. They prevented what could have been a mass shooting on a french train. The gun man would have been successful is my friend had not gotten up. I want that lesson to be learned going forward, in times of terror, do something. Moroccan gunman is a who had been flagged as a radical islamist. Hiringe is planning a binge on september 9. They will add 4000 employees. The Restaurant Industry has been struggling to retain staff. Chipotl
Traditionally, for stocks. Dow is usually down more than 1 on average does that hold true to form this time listen, i dont know if history is your guide on this. I think the relevance of whats going to happen here in september is really about the tremendous amount of obstacles that the market faces right now. And what do you do with that do you allocate new money . Do you expect a correction to be coming right now i think the best strategy, when you look, is to be defensive if hedge things out, if you have the ability to use options or the ability to access the volatility market, i think those are the right things to do because i think the certainty about september is that volatility is going to rise. Predicting which direction overall the market is going to go, i think, by the end of the month, that would be a fools game but im rather certain that volatility will be spiking interesting way you put it. A tremendous amount of obstacles, you say lets go down the list what are we most wor
And it will ultimately be caution costly for them. I was struck by the response about a hot economy. You have written about this. We are nowhere near a highpressure economy, are we . Bill no. I think fed knows there are demographic changes and many more potential employees in the labor force than are accounted for in terms of the Unemployment Rate. Hot economy for janet yellen could be described by or. 7 Unemployment Rate. Tom lets go to the wage growth if we can. We showed this earlier with tom of rbc capital markets. Wage growth of another time, we are nowhere near that now, though we are being signs of wage growth. Investadjust how you because inflation means higher wages, means highpressure label labor economy within the u. S. . Bill ultimately, i think that is where we could where we are going. The advantage for labor is not what it is going to be or what. T would have then i think it is shifting in the favor of labor and shifting profits as well. As the shortterm interestrates mo