Advancing. Nasdaq climbing. The dow dipped 26 points, still if striking distance, nevertheless, you foe what i want to do . I want to layout the case for owning individual stocks. Isnt that a given . I can already see the cat calls on jim cramer. No kidding, you do a stock show on a network that covers stocks. The amazing think, though, is its not a given anymore. Even with stocks blowing past unheard of levels an generating extraordinary returns. In fact, its the opposite. We dont have much new money coming into the market. What does come in tends to flow into etfs or infex decks fiechls owning individual stocks, dont i know it . Youd want to settle for average, something they wont expect in any other walk of life. I love my average team. Hey, the playoffs, who cares, people dont seem to understand that richs can be had right in front of them, if things go right. Plus, its like the whole world is against stocks, people claiming they are rigged. Or the fed is keeping stocks dangerously
How are we doing in europe is always a question, of course. Largely in the green. Lets get to our road map this morning. And it does start as you might expect with the may jobs report as we mentioned. 217,000 jobs added. The Unemployment Rate Holding Steady at 6. 3 . David, ups announcing ceo david abeny will be elevated to ceo succeeding scott day retiring after leaving the Company Since 2008. We will talk to both of them live later on. The news maker interviews dont stop there. We will speak with the soontobe stepping down ford Ceo Alan Mulally about how he is handing off the iconic automaker. Bank of america is reportedly set to pay more than 12 billion to settle mortgage probes brought by the Justice Department and several states. All right. Not only did the may jobs report beat forecasts of what were about 210,000 nonfarm payroll gains, the private sector added 216,000 jobs. Todays number means the economy has recruouped 8. 7 million jobs lost since the recession. The Unemployment
16,000 last november. And weve been adding on average, what 2,000 dow points a year since the low. March of 2009, weve gained more than 10,000 points in that time on the dow, works out to that amount. Dont have to get to 17,000 mark for it to be another historic session. Another close higher for the dow and s p 500, they will be new record highs. Stick with us, all the stats. Any number you want weve got it right here for you. Speaking of stats, truly an uber valuation for uber, cut put at an incredible 18. 2 billion valuation. Is that justified . Uber Ceo Travis Kalanick will join me exclusively for much more on that store sghe trending on twitter all day and also trending all over the jobs report as well. What the numbers really mean to the economy and that guy, if you dont recognize him, mission all the facial hair that he used to have. Pimcos brand new chief economist paul mccully will be here with a take you might not expect coming up here in a few minutes on closing bell. Let me
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