Karen lee, as well as in france, maria tadeo, and in jackson, karen hole, wyoming, Michael Mckee. First, we want to start in asia. China willorts that soon unveil retaliatory tariffs. Karen . Reporter based on what we know, china will take further retaliatory measures on billions of dollars of chinese goods measures in retaliation to tariffs on billions of dollars of chinese goods. At the same time, we have unrest in hong kong. We will be looking to see what those tariffs are. No details were revealed. Alix and hong kong, political turmoil potentially triggering a world recession. That was the conversation yesterday at jackson hole. These are not segmented regional effects. These have really global consequences. Pointould be a tipping that could trigger a very significant global slowdown, even a recession. Alix what is the talk over there . Thats Harvard University economist Carmen Reinhart saying it could be a detriment for the world economy. There are mobile shocks that could rattle
Seeing signs of deflation and why the fed should not be hiking rates right now despite what was said today. Well get the case in a little bit. Lets start with the selloff. Bob pisani is tracking the action here on the floor of the new york stock exchange. Bob . Finally volatility. About sometime. Six weeks, a slow market overall. Last time the dow moved 1 , july 8th. Were due for volatility. Were reminded, hey, the markets arent positioned for a possibility of a september rate hike. What will you do . Sell Interest Rate sensitive stocks. Utilities market leaders all year. What else do you do . Might play a steepening yield curve and why financials might be improving. You can bet Insurance Companies of met life and prudential have happy. They had a miserable time in this environment. You bid up the dollar. That puts pressures on commodities and why they have been weak today. Thats why you see stocks like y rio tinto down. What else do you do . You buy volatility. So everybody who wants
Than a year. More on that in just a moment but first the big story of the day, jobs. The january employment report was strong. Employers hired, wage growth was visible and more people reentered the labor market a sign that many are confident about their job prospects. The economy created 270,000 jobs last month. More than economists expected and in your opinions for november and december were revised sharply higher. The Unemployment Rate rose to 5. 7 . One of the most encouraging numbers may have been the increase in average Hourly Earnings by half a percent. It doesnt sound like much perhaps, but it was the biggest monthly gain in more than six years and all of this positive news has wall street and main street looking to the federal ree a its timetable for hiking rates. Hampton pearson has more. Reporter the robust hiring in january also included the biggest onemonth gain in average Hourly Earnings in six years. To just under 25 an hour. And there were blockbuster revisions boosting
Than a year. More on that in just a moment but first the big story of the day, jobs. The january employment report was strong. Employers hired, wage growth was visible and more people reentered the labor market a sign that many are confident about their job prospects. The economy created 270,000 jobs last month. More than economists expected and in your opinions for november and december were revised sharply higher. The Unemployment Rate rose to 5. 7 . One of the most encouraging numbers may have been the increase in average Hourly Earnings by half a percent. It doesnt sound like much perhaps, but it was the biggest monthly gain in more than six years and all of this positive news has wall street and main street looking to the federal ree a its timetable for hiking rates. Hampton pearson has more. Reporter the robust hiring in january also included the biggest onemonth gain in average Hourly Earnings in six years. To just under 25 an hour. And there were blockbuster revisions boosting
But first the big story of the day, jobs. The january employment report was strong. Employers hired, wage growth was visible and more people reentered the labor market a sign that many are confident about their job prospects. The economy created 270,000 jobs last month. More than economists expected and in your opinions for november and december were revised sharply higher. The Unemployment Rate rose to 5. 7 . One of the most encouraging numbers may have been the increase in average Hourly Earnings by half a percent. It doesnt sound like much perhaps, but it was the biggest monthly gain in more than six years and all of this positive news has wall street and main street looking to the federal ree a its timetable for hiking rates. Hampton pearson has more. Reporter the robust hiring in january also included the biggest onemonth gain in average Hourly Earnings in six years. To just under 25 an hour. And there were blockbuster revisions boosting the jobs numbers for november and december