Morning. It is the kind of flashback wall street does not want to see. A lower finish by the s p today would mark its first ninesession losing streak since december of 1980. Were coming off eight straight negative days for the First Time Since 2008. And then that jobs number of course showing lower than expected payrolls. But, jim, the wages suggest that unless more people come back into this labor force, its getting tight. Less slack. Thats certainly a way to look at it. I think that the fed has plenty of ammo here. They can say, listen, weve got job growth. Weve got people make a little extra money. I know theres another whole scheme of thought which is hold on let it run. But in an environment where they think these are emergency rates, these are not emergency job numbers. These are job numbers that you get when things are fine. Now, i know that theres an undercurrent in the election which says that one party is saying, listen, not only things not fine but millions of people are los
With news of the viacom settlement. Europe is in the red. To the tune of about half a percent. Oil stud stedsy but on track for the strongest weekly gain in four months. Our road map an end to the saga at viacom. Fell leap du monde stepping down. Faber will join us with the details of what the company may look like. The stock market and election. Why equities may be the tail wagging the dog of Donald Trumps poll numbers. The latest from rio as it appears the ryan lochte story enters the final chapters and usain bolt takes home another gold. Viacom expected to announce a settlement with Sumner Redstone to end the battle over control of redstones media empire. Terms would result in du monde stepping down as ceo and would receive a 72 million severance package. It appears to complete Shari Redstones victory in all of this and sets her up for deciding a lot of things Going Forward as the Company Needs to focus on repairing the paramount situation, ratings as we said good buy to larry willm
Top of the show. Happy birthday to her today. Turned 30. I didnt though that. Lets have a look at u. S. Equity futures right now. And they are celebrating lady gagas birthday with a positive open expected for the dow coming open by 80 points. Nasdaq by 20. We did see a little bit of yield compression last week. A little riskoff trade. On the tenyear note. Terror in pakistan this weekend, an apparent suicide bombing killed at least 65 people including women and children at a park. A breakaway faction of the taliban has claimed responsibility. The mark was crowded with christians on an Easter Sunday outing. A spokesperson said the attack deliberately targeted the christian community, also injuring more than 300. Switching gear to the markets, investors will hit the ground running this week coming off the easter holiday. Threeday weekend with plenty of Economic Data at tap. Trade deficit, pending home sales figures all due out for february on tuesday. Its the january on tuesday, january c
Schools. I taught it would come and fix everything. They robbed the children. The new York New Jersey school will try to get by with help from their friends. Thanks for joining us. Im joie chen. Was it an investment in the future or throwing good money after bad. The latest colossal bid to remake education. Once again, the experiment in remaking new jerseys Largest School system began five months ago, and as sara hoy found, 100 billion of facebook likes might not have been enough. Ive committed to starting the startup education foundation, whose first projected will be 100 million challenge grant. 100 million. 100 million. Five years ago Facebooks Mark Zuckerberg went on the oprah show and planned to transform education in the city of newark. His 100 billion donation was new jerseys best kept secret. Students and parents had no idea. Newarks mayor heard about the gift like everyone else. It was a surprise to everyone, no one knew in the city what was happening. I think everyone was int
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