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U. K. Sounds a note of optimism. Make my day. Tough words from saudi arabias oil minister. Whoever gambles on this market will be quote ouching like hell. The under an hour away from start of cash Equities Trading in europe. Lets look what we have. Futures not all that convinced in any direction. Weakness in markets yesterday and equity markets, and nasdaq. Ar in u. S. Futures flat and mixed. We do see nasdaq futures heading to the upside. Because ofnificant the selling we have seen. Concerns about concentration and previous gains in the tech sector. We are digesting what we have heard from the fed. In assessments of weaknesses the u. S. Economy. The fiscal boost that will be needed. Lots of questions over the fiscal side of things. Modest gains coming through in asia. Asian stocks of around 0. 4 . The south korean market up a fraction of a percent. Elsewhere, fairly flat markets. Won up to anean eight month high. Dollar weaknes ....
China trade war were seeing businesses like we were who just pulled their i. P. O. Filings and h. P. Who also just unveiled plans of some major restructuring that will basically cut off and slash 70029000 jobs so thats a lot of people who will be on unemployment but if you take a look at this specific charge of the employment nonfarm you see where we stand today if you look at some numbers back when when the financial crisis occurred in 2008 you can see there was a dramatic drop during that time before the financial crash and then you see where we stand today as far as. The 3. 5 percent so of course its no surprise the president can boast where wherever he can so he took to twitter and he its no surprise that he was touting the state of the u. S. Economy saying breaking news we are doing great want to impeach your president you know so so going into that but the for. The reserve has already cut rates twice this year and it looks like people are expecting for them to cut rates once agai ....
Know so so going into that but the Federal Reserve has already cut rates twice this year and it looks like people are expecting for them to cut rates once again in their meeting next week and then again in december when they meet again so people are looking at these expectation of federal the feds cutting their rates 2 more times just this year and thats the most that its happened in decades actually you know unemployment has traditionally been a lagging indicator so president boasting about what a strong labor market this is thats not really saying much at all so meanwhile on the trade front with President Trump theyre set to meet with china next thursday for their 13th on trade talks is there any improvement in their relations well the u. S. Merchandise trade deficit narrowed from july to august according to this new report released today by the u. S. Department of commer ....
Correspondent john king is on his delve into the details of the new revelation to get into a bit of the business mindset lets go. The september jobs report is out and the numbers show a tight labor market as the Unemployment Rate dropped to a 5 decade low the top line data looks good with 10 industries adding jobs 3 losing and one unchanged alleviating some concerns on the street and boosting the markets today but lets take a closer look the payroll report was rather stagflation area as wage growth was flat stagnating and posting the worst annual growth in one year if we take out government jobs private payroll added only 114000. 00 jobs which is the 5th lowest private jobs in the past 3 years and finally if we take a look at the composition of job gains that wasnt so great with only low paying jobs in education and Health Category at the top meanwhile you have a decent r ....
A look at the composition of job gains that wasnt so great with only low paying jobs in education and Health Category at the top meanwhile you have a d. S. L. Ration of wages in high tech which previously was the fastest wage growth and this all comes as the worlds 2 largest economies remain in a tit for tat trade war with no solution in sight heading into the 13th round of trade talks next week so with this mixed bag report expectations for an october rate cut declined to just about 75 percent from 93 percent. And here to dive into the details with us is our 2 correspondents are among tuesday well go sarah welcome back you know these numbers that we got out today what are the projections look like generally and perhaps more importantly how did they do compared to expectations for the alterations according to the u. S. Bureau of labor statistics so to stix the Unemployment Ra ....