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But i think that the sideways period that we have had, has that cooled off for a few weeks, going nowhere. The s p has been in the tight range through july that whole period netted out we could not get away from upside risk. No selloffs, and you had things like m a popping up today and friday, and the idea that we may get a fiscal deal, and the highest stocks in the world continue to pull in dollars. Yeah, i know in general youre not a huge fan of seasonty and people making arguments based on seasons, but s p only had three positive augusts in the last decade i dont know that it changes that i feel like you have to be mindful of seasonty but know what it means. There is a tendency to have a uptick in compatibility and market action. I dont know if that is market wide or not. I think you have to be aware of it combined with the fact that youre seeing froth. It seems to come together. I find it interesting today that the dollar is bouncing and not really taking anything out of the big in ....
Breaking details out of those very offices where the meetings happening. The deadly pandemic exposing a major need not just for relief, but for Contactless Payments and an economy dependent nowadays on digital retail. The ceo of Global Payments is here on his companys blockbuster new tieup with the king of online retail. That would be, of course, amazon. Frightening news from royal caribbean. Suspending voyages through halloween but weve got the celebrity chef who cut his teeth and ingredients on the high seas. Find out how Food Network StarRobert Irvine known for his brutal british edge, how hes opening his heart to help restaurants do the impossible right now. That is to stay afloat and reopen safely. Its a fox business exclusive. Hes here live. Is micro ....
Good jobs number, decent ism bob pisani has more. We are starting to break the new narrative out there that were going to have a slowdown in 2020. Remember, the recession narrative have gone away, worries of three, four, five months ago, no more. Gdp is 1 to 2 now economic numbers are starting to suggest maybe the slowdown narrative is not a good narrative any more were taking the edge off the slowdown narrative thats why things are moving up. We not only have a strong jobs market, markedly strong revisions people werent anticipating then weak manufacturing. But new orders were generally good still 49, above expectations thats what youre looking for, new orders stock market is a discounting mechanism for future stream of earnings represented by the new orders ism not getting worse, thats the key. Heres what you need to think about. What will it take to move the market higher, another 5 to 10 . Three things very important. First off, see bond yields move up more. Good sign of modest ref ....
Key read on manufacturing in the next hour. Plus, streaming wars, apple launching its tv plus platform today. It is the latest volley in the original content battle between media and tech giants. And pinterest plummeting, losing a third of its value since peaking in august. And the Growth Strategy for starbucks, Kevin Johnson will join us first on cnbc this hour. Lets get to the jobs number, october payrolls well above expectations at 128k despite the gm strike. Unemployment goes down goes up to 3. 6. Wage growth 3 from a year ago jim, hard to find things to quibble about this month im going to come back and say youre going to have a the beginning of cracks in manufacturing. There is still two economies the twothirds of the economy that is consumer is doing very well the other third is not doing well and we can i dont know how long we can go with only twothirds i think pretty ....
On a china trade deal any time soon parliamentary election we begin with the trade pause, the u. S. Is not ready to make a deal with china. We got big mergers this morning, automakers and fin tech deal for more than 21 billion. We enter this holiday week the dow in the midst of fiveweek losing streak. S p and nasdaq is down about three week s in a row for the first time this year, the first losing month of the year and the first losing may in seven years. We are in a moment where michael corvat said when he was on our show. The more chatter i hear verses what mr. Wonderful was say, we said everything seemed fine, the more i get worried that was a brutal week last week if it is in the mall, it is not good it was great, i think fabulous growth and the stock was down. We had foot locker it just got crushed. So i mean the market when it starts to see on how much supply it is coming we have zoom and beyond meat zoom is 19 billion and beyond meat is 5 billion someone recommended beyond meat. ....