I dont know if its so much will these reports be good i think the question is how good do they have to be well, theyre going to probably have to be extraordinarily good we saw what happened with microsoft already. The numbers were great across the board for the most part. The stock went lower and continued to go lower after they gave the guidance that they gave i think thats part of the elements of what were going to be looking at today, scott, is not only the earnings but what does the guidance look like for many of these Different Companies were talking about, the power four or five when you really look at whats going on there, its still about apple one and the bundling package, i think thats huge it goes back to the idea that this was once a Hardware Company that was mass, rigive and the hardware component was huge. Thats been a good thing because the reliance on that aspect of apple, it stis still there but less youve got wearables and services and all these different areas where a
Lets look at these markets and our into the european trading day. Stoxx 600 in europe up by. 1 . And even start to the trading day. Evenly divided winners and losers on the European Equity markets. Lacking any direction. Into the u. S. , also lacking direction. We have seen a little bit above the flatline. Not getting a great bicker great bit of direction. A big focus on Central Banks and a u. S. And a focus on u. S. Policy. Titians, ay trade tensions, that coming up. Wrist bank leaves behind five years riksbank leaves behind five years. Is now what we are showing you. We were showing you the norwegian krone. Not to be confused with the riksbank. Bank, we scroll back to what they did there. That was as expected. See a to this picture, we number of Central Banks leaving policy unchanged. They were treated for negative Interest Rate hiking. They were moving in their own direction moving against the cutting cycle for many previous months. We continue to do that. Lets get a new lets get an
Fears about a u. S. Recession are not showing in this report. Very hard to get a recession in the next 12 months. Higher wages. The labor market is holding in. We were worried about manufacturing and we saw the numbers are hanging fine. The jury is out in the manufacturing sector. Maybe there are some budding signs of some weakness in the employment sector at the fringes. The question is where it goes from here. Jonathan joining me around the table, my guest. If the payroll report doesnt change what you sour carless of what you thought going into the payrolls report, not a game changer, is it . Is basically confirming status quote for the fed. Theyre on track to cut a five basis points at the september meeting. The real question for me this morning, if it turns out to beweak after the manufacturing data earlier this week, will the market press . There is no fear of that. The pace of job creation is declining. 220,000 jobs per month last year and now its more like 160 per month. Jonatha
Cycle. Fears about a u. S. Recession are not showing in this report. Very hard to get a recession in the next 12 months. Higher wages. The labor market is holding in. We were worried about manufacturing and we saw the numbers are hanging fine. The jury is out in the manufacturing sector. Maybe there are some budding signs of some weakness in the employment sector at the fringes. The question is where it goes from here. Jonathan joining me around the table, my guests. If the payroll report doesnt change what you sour carless of what you thought going into the payrolls report, not a game changer, is it . Is basically confirming status quote for the fed. Theyre on track to cut a five basis points at the september meeting. The real question for me this orning, if it turns out to be weak after the weak manufacturing data earlier this week, will the market press . There is no fear of that. The pace of job creation is declining. You had 220,000 jobs per month last year and now its more like 1
Still well above what you would expect at this late cycle. Fears about a u. S. Recession are not showing in this report. Very hard to get a recession in the next 12 months. Higher wages. The labor market is holding in. We were worried about manufacturing and we saw the numbers are hanging fine. The jury is out in the manufacturing sector. Budding there are some signs of some weakness in the employment sector at the fringes. The question is where it goes from here. Jonathan joining me around the table, my guest. Guests. If the payroll report doesnt change what you sour carless of what you thought going into the payrolls report, not a game changer, is it . Is basically confirming status quote for the fed. Theyre on track to cut a five basis points at the september meeting. The real question for me this morning, if it turns out to beweak after the manufacturing data earlier this week, will the market press . There is no fear of that. The pace of job creation is declining. Year00 jobs per