Jm morgan victim to one of the largest Cyber Security hacks ever. 76 million households and 7 million businesses affected. New clashes in hong kong as protests take a violent turn. Counterprotests storming the heart of the sitin. Bob iger till the middle of 2016. Disney extends his contract. September nonfarm payrolls jumping 248,000, above forecast of 215,000. Private sector added 236,000 jobs. August payrolls revised upward. Unemployment rate down 0. 2 to that sixyear low of 5. 9 . Labor force Participation Rate did fall slightly. Earnings were a goose egg. If youre looking to quibble here, might be service is made up of almost everything. Hard to find highpaying manufacturing jobs. I think this number did one thing which said those who think that the economy peaked over the summer in employment are wrong. I think that is really important. That had become a consensus of late given the fact that the last employment number was so bad, and given the fact we hear about peak oil. Youve go
2. 02 . Alas, i think todays selloff is the real deal, unlike yesterdays rally which was triggered by positive Federal Reserve minutes, todays selloff was based on real weakness in the global economy, worries like ebola, and the averages are still higher than when the year began and thats looking less and less logical. As the slowdown manifests itself. [ beeping ] before it gets started on the wacky nature of a market that goes up or down 300 points on a whim, let me just say pointblank that we are indeed in a treacherous market. We live in america, our companies are doing relatively well, but the definition of treachery in a stock market terms is when the simple facts mean nothing to the sellers. When one strand of weakness can frighten investors more than all of the good strands that are out there, its pure treachery and thats whats going on right now in the field of battle. Take alcoa, right . Heres a company that delivered on every lineitem when it reported yesterday. I know this c
With just 18 days left for congress to make a deal, investors are taking speaker boehners words to heart. Dow jones industrials off of the session down 82point but you can see the bulls have the edge early on. Blue chips posting modest gains around 11 30 a. M. Eastern the speaker got up front of the cameras and suddenly vanished, the rest was history. One name defined the laws of gravity. Solar city, soaring up 1. 5 today. This after a price cut and a oneday delay. They completed the ipo selling more than 11 million shares at 8 a pop. Half of the expected range. We have both the chairman and ceo, actually cousins, coming up in the next hour. What they have to say. They did not put it off, you can see the big move. Zero plate to quality, the gold brick falling off of mount everest. The market is not looking good either. Traders. Okay. We could really pinpoint this to Speaker John Boehner speaking at 11 30 a. M. And the traders must have believed there isnt a deal and this is not baked i
The fact that the payroll tax going up would hit walmart. An internal memo was leaked on bloomberg. They said this is the worst february they have seen in seven years. They talked about the fact it was terrible. It was a disaster. Comps will be rough for walmart. Just as i was adapting to a new blackberry i got because i lost one over the weekend i got news blackberry was down again. Cant get its footing. The cofounder was selling all his shares. Yesterday it was higher. Now lower in a big way. [closing bell rings] down over 6 . Liz listen to the bells. Always nice to see that on a friday. See one of the members of the military standing there and proudly before the american flag. Where is your money . Here it is. Dow jones industrials manages a gain, david, check it out up nearly three points. We dont know how these will settle. At the moment that was hardfought. Looks like in the last 25 second it is happened. Were watching that closely. S p 500 down just about two points after two mo