Boris johnson sparked outrage. News out ofing south korea. We are getting the jobless rate falling to 3. 2 percent. The expectation was that the jobless rate would come in at 4. 2 percent so this is much better than expected. We are also talking about the sixth straight month of decline in jobless rates. That 270 4000ring jobs were removed in august from a year earlier. We know that south korea has seen its government really boost those job creation efforts not to mention we could have seen domestic demand being held by the Summer Holiday season and more jobs being available. The government pushing for a fourth extra budget. This is of course helping workers and businesses who lost income due to the latest restrictions and jobless rates. 3. 2 . In for august at watch out for what happens later in the following months given we have seen this flare up in virus cases towards the end of august, haiti. Haidi. Haidi pretty dire numbers coming out and we continue to watch what happens when it
Plus financial secretary. Were standing by for Election Results in argentina. The president is under pressure there. We will have the latest. Paul lets take a look at how things are shaping up in the market today. The straily just up and one minute ago. In as are coming online order in australia. Not a lot of action. Futures were indicating pickup of about a third of 1 . Futures for the nikkei traded out of chicago. They are looking slack right now. U. S. Equity markets are also pointing higher. Sytock global stocks back to the highest levels seen this year. Lets check in on the first word news. Su we begin with the california fires. Workingters are to contain blazes across northern california. This has forced the evacuation of 200,000 people. Homes have burned to the ground. This is driven by a windstorm packing 90 mileperhour gusts. Gavin newsom has declared a state of emergency with nearly 3 Million People without power as of sunday. The result of argentinas election is expected in
We hear exclusively from eric rosengren. China is accused of using social media to undermine the protest in hong kong. Twitter and facebook delete a string of fake accounts. Shery how markets closed. It was another day of strong rally with the s p 500 gaining more than 1 . Every sector was in the green. Energy amtech led the gains. Lead the and tech gains. A positive sentiment with trade. That was reflected with the u. S. Dollar. It rallied to this years high. Gain 250 points. The nasdaq up 1. 4 . Doing much butt lets see how things will be shaping up in asia. Conviction investors will be tested with futures looking at a mixed session. Kiwi stops adding. 6 . We have the strong dollar to contend with which may put a damper on Risk Appetite for emerging markets today. We are on tech watch. We have xiaomis earnings on the lineup after baidus results came out overnight. Onay, were keeping an eye the rba meeting minutes. Trade data from taiwan and today rate the pbocs loan prime. A key mile
What better way to begin the hour than with the worlds biggest money manager. Erik schatzker joins us now. And it close of interview. An exclusive interview. Erik we are at the blackrock annual fixed income conference here in midtown. Good to see you. The world has its share of problems. The horrible massacre in las vegas, the reconstruction efforts in puerto rico. ,f we look at the big picture things look pretty good. 2530. P 500 trading at my question is this. How much longer can this goldilocks state of affairs persist . Larry we should pause and think of these natural disasters and the tragedies in las vegas. This reminds you how tender life is. We have to respect that. And remember our loved ones and friends all the time. Too. Ought about tom petty, about theure goldilocks market. I believe to my surprise, too , howpeople surprised resilient the world has become. China is close to 7 . Surveys came out of china even accelerating. A 5 increase in the Chinese Bank Stocks today in hon
Comment of the Day 8th May 2023 Eoin Treacy May 9 Video commentary for May 8th 2023 A link to today s video commentary is posted in the Subscriber s Area..