South korea were closed for whats the mid autumn festival there. And the european equities, things are up. Cac is flat and if ftse is up by 0. 2 . This morning crude is up by 24 cents still trading at 24. 81. Lets get you caught up on the busiest day of the week. The bank of engallant is going to be announcing its latest policy decision. Expects to leave rate. Jobless claims are out at 8 30 time. The Producer Price index and september philly fed index and at 9 15 look for august Industrial Production. We talk about the apple iphone a lot. Apple now saying the initial quantities of its iphone 7 plus are sold out. Thats the one i want. The new gadgets will hit store shelves sometime tomorrow. Consumers wont be able to buy sold out phones but the company will continue to take orders online. I wont be releasing its first Sales Numbers of the iphone 7. Why . I think they made that decision a while ago. It reminds me of the details. In fairness to apple, nobody else does. Samsung doesnt. The
To a rap of mostly economic data. The strongest pace of productivity growth in a year and a half. Along with a drop in labor costs. The private adp survey of job growth was steady and that also helped a bit. Add to that the feds view that the economy is growing and you had a recipe for a stock bounce. By the close, the Dow Jones Industrial average rose 293 points. To 16,351. The nasdaq rose 113, and the s p 500 add 35. Bob delves a little deeper into the rally. Reporter the markets started up and stayed up. Why was there a rally . China was relatively quiet. Then oil rallied in the middle of the day which was a surprise. The weekly inventory report showed another bill. The oil rally helped oil names like exxonmobil. The icing on the cake came in the last halfhour when the dow rallied an additional 100 points. Unlike some days in the last couple weeks, there were no orders to sell stocks at the close. In the middle of the day, the fed released the beige book report and the tone was very
Investors turn their attention to a rap of mostly economic data. The strongest pace of productivity growth in a year and a half. Along with a drop in labor costs. The private adp survey of job growth was steady and that also helped a bit. Add to that the feds view that the economy is growing and you had a recipe for a stock bounce. By the close, the Dow Jones Industrial average rose 293 points. To 16,351. The nasdaq rose 113, and the s p 500 add 35. Bob delves a little deeper into the rally. Reporter the markets started up and stayed up. Why was there a rally . China was relatively quiet. Then oil rallied in the middle of the day which was a surprise. The weekly inventory report showed another bill. The oil rally helped oil names like exxonmobil. The icing on the cake came in the last halfhour when the dow rallied an additional 100 points. Unlike some days in the last couple weeks, there were no orders to sell stocks at the close. In the middle of the day, the fed released the beige bo
Investors turn their attention to a rap of mostly economic data. The strongest pace of productivity growth in a year and a half. Along with a drop in labor costs. The private adp survey of job growth was steady and that also helped a bit. Add to that the feds view that the economy is growing and you had a recipe for a stock bounce. By the close, the Dow Jones Industrial average rose 293 points. To 16,351. The nasdaq rose 113, and the s p 500 add 35. Bob delves a little deeper into the rally. Reporter the markets started up and stayed up. Why was there a rally . China was relatively quiet. Then oil rallied in the middle of the day which was a surprise. The weekly inventory report showed another bill. The oil rally helped oil names like exxonmobil. The icing on the cake came in the last halfhour when the dow rallied an additional 100 points. Unlike some days in the last couple weeks, there were no orders to sell stocks at the close. In the middle of the day, the fed released the beige bo