20 at 35 its the highest in the industrialized world at 20 were on the very low side, so well be very competitive. You look at china. Thats 15 other countries are 18 and some are 23 , 24 the average is actually of the primary competitor is actually 23 . So well be pretty much below the average, and well be able to compete, and despite all of that and despite before we even get this massive injection, we have a stock market that has hit record highs, 81 times since our election victory 81 times its at a new high right now unemployment is at a 17year low. Very shortly its going to be at a 19year low. We think the numbers are going to continue to go downing and we are also getting into the pool of the 100 Million People that are not working. That pool is now coming back as you know, thats not considered in the low employment numbers which means we have a lot of people that want to get to work and that will be working. Consumer confidence is at a 17year high weve created nearly 2 million j
Market. We stay foe cut focused. As we should. Talking about our bond market hanging around that 2. 3. Under 2. 4 in terms of the yield. Thats been kind of the constant so far this week. You can see where we are on oil. Lets get to the road map this morning. Russian denials. President Vladimir Putin telling cnbcs Geoff Cutmore, quote, read my lips, his country never interfered in the u. S. Elections and calls the allegations lies and provocations. Plus, were keeping our eye on the Global Economy. Four former treasury secretaries sound off on financial reforms and risks and the trump agenda. And lulu sinks. Shares of lululemon tumbling, this after the athletic maker issued a weakout lo weak outlk for 2017. Lets start with putin. He made news at the International Arctic forum in russia. That was where he was part of a Panel Discussion with the president s of iceland and finland and Geoff Cutmore was the moderator. He asked putin if they interfered in last years elections. Heres his respo
Might have the bear buying the stock. Cramer will be here in moments. First we start off with a Surprising Development with the trump trade, with the quarter about to end, check out the winners of 2017, tech is up 12 . Health care is up 8 . These were the two sectors that wall street thought could suffer under President Trump, on the full size, energy, financials, go sectors people thought would flourish. They are trailing the s p 500, as the trade seems to be morphing. You stick with whats working or buy the trump laggers. Pete najerian, kick it off. I continue to like the financials, even though i know they lagged this year. They had a big huge run. I think when they come out, its going to be fantastic. I think there is a trump agenda that will be very beneficial for them on top of everything else. I look at the Technology Side of it. Thats going to continue to perform in my opinion. Tech, all of that i think has plenty of room to the upside. If you look at the laquers, i think energ
Another Federal Reserve meeting relatively unscathed but still need to face the uks big vote on whether to leave the european union. Fed agreed to do nothing and that keeps stocks on the agenda the place to get the short term for your money. The stock market rallied on the news as we sold off later in the day after oil plunged a dollar dow sinking 35 points s p slipping 0. 1 and nasdaq climbed by the same amount. Still, i was pleased to hear that the fed paid no attention to the idealogues who want higher rates. Why . Boo so they can be lower after they throw us into a recession. No. Im flat the fed recognized employment only grew by 38,000 jobs last month and that mattered to them. [ baby crying ] i like that they realize the economy is on a real slow growth path and that rate hikes arent going to be able to come in lockstep. The rhetoric that drove the stock market down hard at the beginning of the year. I like these things because they mean the fed understands that job creation has
Welcome to Worldwide Exchange on cnbc. Im sara eisen. It is the first day of autumn today. Fall. Autumn. Even if i say your word, you would pick me up for saying it wrong. Fall. Happy fall, happy autumn. The summer was wonderful. Over too soon. Its Throwback Thursday today. The theme is coming, what is it . A fall theme. Look at that. Lets get you caught up to speed on the markets post Federal Reserve and post rally day on wall street. The market actually climbed more than 1 . It looks like futures are pointed higher again. A smaller amount this morning. Dow futures up 20. S p up 1. 2. Nasdaq futures up 6. The tenyear treasury note yield the fed decides to pause and hold off, wait for the economy to have room to run. The tenyear yield at 1. 64. Yields came lower after the fed. A lot of focus on the forecast or the dots for when fed members think the rate hikes will come and a lot look forward to 2017 where they pared it down from three hikes to two hikes. The pace of hikes might be slo