Not born on the football field. An important day for jobs, economists and investors at the edge of their seats. 197,000 jobs. Then the clock strikes 8 30. 74,000 jobs added, but the Unemployment Rate dropped 6. 7 . 74,000 new jobs in december. Economists were expecting 200,000. It is very surprising. Somewhere between puzzling and worrisome. I am intrigued, mr. Elerian. Puzzling because it is such a strange number. 74,000 jobs that were created. Even if you add in revisions from last month, you are at half of what consensus was, it is inconsistent with other data. It is worrisome, remember that. If you look within the report, you get pretty worrisome things in terms of what is happening to labor participation. Back to levels since february 19 78. Longterm unemployment 38 . What is the impact of the weather, how much of this is temporary . It is a shock. Shocking, yes. Mohammed elerian mentioned the Labor Force Participation rate, 62. 8 . The last time it was this low, 1978. Jr biglow m
Payment. Out a ferryying service. Gavin newsom is waiting in. Turned Fund Investor hollywood heavyweight. I doubt how Ryan Kavanaugh is using tech to rewrite the rules in entertainment. First, the lead. A new gold rush. The race to mine bitcoin. The value of the Digital Currencies has surged from virtually nothing to more than 1000 in the past year. There have been wild fluctuations of to more than 1000 and far below. The point has to be mined on computers with very complex algorithms. This comes as ali baba, the chinese ecommerce giant, has shoppinge point on it platform. The Chinese Government recently banned bitcoin deposit. Asga will start accepting it a form of payment for some of its game. Matt miller joins us now from new york. Talk about the power it takes to actually mined these things. If the Bitcoin Community concerned about that . This is a big problem with , but something the creator expected to happen. I do not consider myself a bitcoin expert come up but i spent a lot of
Madison square garden. Some fancy footwork. Ts for the super bowl, not born on the football field. Jobs,ortant day for economists and investors at the edge of their sheets, of their seats. 197,000 jobs. Then the clock strikes 8 30. 74,000 jobs added, but the Unemployment Rate dropped 6. 7 . New jobs in december. Economists were expecting 200,000. It is very surprising. Somewhere between puzzling and worrisome. I am intrigued, mr. Elerian. Such aling because it is strange number. 74,000 jobs that were created. Revisionsu add in from last month, you are at half of what consensus was, it is inconsistent with other data. It is worrisome, remember that. If you look within the report, you get pretty worrisome things in terms of what is happening to labor participation. Sinceo levels february 19 78. Longterm unemployment 38 . What is the impact of the weather, how much of this is temporary . It is a shock. Shocking, yes. Mohammed elerian mentioned the labor force dissipation rate, 62. 8 . Lab
Find themselves in the middle of a National Debate on Race Relations in the workplace. There were racist remarks allegedly made by the team owner, and sponsors are pulling out lefthand right, and it may be that Magic Johnson wants to buy the team. He may want or get a discount. Starts right now. Slightly negative with the s p, and julie hyman is keeping an eye on the stocks for us. Wasor short on the nasdaq earlier down as much as 1. 5 and has come back to some extent, but were still seeing a selloff in the momentum names we have been watching closely over the past several weeks. In particular, some of the tech highfliers, and i want to highlight yelp in particular. It sold off about 20 in that time and is down sharply again today. The company is that with its earnings on the 30th, and it is forecast to post a loss for its most recent quarter, so that is one we are watching today. In addition, in the world of finance, we are looking at bank of america. Remember, the bank recently got a
Can we build a better phone for amazon prime members . Well, im excited to tell you the answer is yes. \[applause] from 3d viewing capability and Image Recognition technology called firefly, bezos was keen to point out how the phone was different from the wide selection of smartphones on the market. At t is the exclusive carrier of the fire phone. It hits the market july 25 for 199 with a contract and includes a year of free prime membership. So how will the fire phone stack up against the competition . I spoke with our editor at large, cory johnson, who was in seattle for the event. Also joining us is wired Deputy Editor joe brown, bloomberg businessweeks brad stone, author of the Everything Store jeff bezos and the age of amazon, and from san diego, paul kedrosky, the managing partner at venture firm s. K. Ventures and bloomberg contributing editor. I started by asking joe what he thought of the phone. I mean, this is a phone that is going to help you buy stuff. The coolest feature t