Full force remember this name game stop, its shares are surging after famed meme stockholder Roaring Kitty posted for the first time in roughly three years. Busy day, i guess, huh lets begin thats not fair, sorry. Lets begin with the market setup. The dow is ride ang eightday win streak investors crowd into soft landing trade ahead of crucial inflation data. Okay. That makes it sound like if the datas bad, theyll crowd out. Ive been watching the stocks are going up. Its not the ones that are on profit going up. Theyre going down whats going up are the Profitable Companies we keep seeing that. David, i do think if gamestop is the leader today, that would signify perhaps the expectation lative peak, and i didnt know we were in a speculative hike. Im not sure we should draw too many conclusions with what may happen at gamestop, but its fun to look at an old name we used to talk about years back. When you go to twinner, you have the pin piece you know the old piece about 100 sure, and if i
Anna good morning everybody. This is Bloomberg Markets european open. Are not going very far or fast on asian equities or the pound but we are on the eight Australian Dollar. A big week for attacks on the United States and that is infiltrated in an attitude toward stocks globally. We saw Global Equity markets touching new alltime heinz. We do seem to be getting more policy in the u. S. Features. We have seen equities moving up little bit. Tech stocks are very much do sure over in the United States. On the pound, we are little to weaker. Down almost. 1 . Given the challenges that ,heresa may faced yesterday its perhaps quite impressive, the pound pretty much holding. They are still confident some sort of result can be reached in times for that had to state meeting. The brazilian the Australian Dollar up by. 60 . It led the investment kick unity to suspect higher interesting suspect higher Interest Rates. Manus the markets are hopeful. Therisk reversals there, possibility for a deal is s
The data is pretty solid. Were starting to create jobs but not treating enough decent jobs. Wages are a little weak. 2. 5 is moving in the right direction. This is another example of positive real growth where inflation remains tepid. Ofonce again the employment the populated rate went down with three Percentage Points below everywhere in 2008. That is why there is no wage growth. Full employment is a long way away. There is lots of slack in the economy. I think there is some hidden labor out there. The Participation Rate is down significantly from where it was 4, 5, 6 years ago. We need to allow workers to keep more of what they earn, the more importantly we need to be able to drive more wages to our hardworking citizens of this country. We vary from you believe tax reform will drive to wage growth. Jonathan joining me in new york is Oksana Aronov from j. P. Morgan asset management, Richard Clarida at tempo, and Colin Robertson from Northern Trust asset management. Rich, when will be
We are starting to create jobs but not treating enough decent jobs. Wages are a little weak. 2. 5 is moving in the right direction. This is another example of positive real growth where inflation remains tepid. What people havent talked about is once again the employment to population rate went down with three Percentage Points below where we were in 2008. That is why there is no wage growth. Full employment is a long way away. There is lots of slack in the economy. I think there is some hidden labor out there. The Participation Rate is down significantly from where it was 4, 5, 6 years ago. We need to allow workers to keep more of what they earn, but more importantly, we need to be able to drive more wages to our hardworking citizens of this country. We very firmly believe tax reform will drive to wage growth. Jonathan joining me in new york is Oksana Aronov from j. P. Morgan asset management, Richard Clarida at tempo, and Colin Robertson from Northern Trust asset management. Good to
We are starting to create jobs but not treating enough decent jobs. Wages are a little weak. 2. 5 is moving in the right direction. This is another example of positive real growth where inflation remains tepid. What people havent talked about is once again the employment to population rate went down with three Percentage Points below where we were in 2008. That is why there is no wage growth. Full employment is a long way away. There is lots of slack in the economy. I think there is some hidden labor out there. The Participation Rate is down significantly from where it was 4, 5, 6 years ago. We need to allow workers to keep more of what they earn, but more importantly, we need to be able to drive more wages to our hardworking citizens of this country. We very firmly believe tax reform will drive to wage growth. Jonathan joining me in new york is Oksana Aronov from j. P. Morgan asset management, Richard Clarida at tempo, and Colin Robertson from Northern Trust asset management. Good to