Straight to the senior economics reporter for this. Steve, what are some of the reasons why we might not trust this data . I guess im starting off with a bias, because this seems like really good news when were just off a huge pandemic. I think a reason not to trust it is were in the middle of an historic economic shutdown and apparently on the upside of that shutdown and nobody has ever seen this kind of thing before we hadnt seen 20 Million People lose their jobs in a single month, and we really have no idea how the jobs would come back all of the other indicators we were looking at suggested there would be massive job losses. And it is well to put that into perspective. Remember the forecast was for minus 8. 3, came in 2. 5, so folks, you can do the math at home on both sides of the zero line it is nearly 11 million jobs is the number that the consensus was off by and wall street was off by it a bit too, if you dont mind my saying, they had a nice rally when they realized maybe we w
The job numbers did push Interest Rates higher and not enough to push stocks today. Even tech which is rallying as well it leads us to our talk of the tape whether this teetering rally goes much further in the weeks ahead, especially if the fed is finished lets ask professor Jeremy Siegel of the Wharton School hes back with us. Professor, its good to see you. We have a nice rally on our hands today. How does the market look to you now in what has been a very big and interesting and important week the market looks very strong, scott. Without question i think the bar is very high for the fed to do another increase i think you would have to see the next employment report to be very strong, Even Stronger than this one i think tuesdays Inflation Report would have to be much above expectation, and by the way, the first day of their june meeting they get the may Inflation Report, and that would have to be i think it would have to be a triple strong in my opinion, for them to raise again. I kn
Apocalyptic. The house of pain. Kind of like a plague of locusts or a rain of frogs. Remember theyre not to stop smacking the space to the economy slows down. We are seeing above average job growth in all sorts of areas. It is like there is no slowdown whatsoever. It either looks like the shutter of the spine of traders who cannot stop this inflation. So here comes the october crash. But once youve pulled these numbers apart, the economy is cutting a heck of a lot of jobs, there is a lot less wage pressure which is what we really care about than we ever expect amongst the midst of this high. What we expect of Wage Inflation without discharge may jobs. That would be ideal point we just did not think was even possible. The bears did not think it was possible. Next thing you know, the average plumage down hard. Started soaring. These numbers could make it so that we have thats how the dow finished up to 88 points. Nasdaq pulled 1. 6 . House of leisure. It looks like we would have nice job
Some places around the world 2017 has already started. But around here the new year is a few hours away but party is already underway. Live Team Coverage of the celebration, action News Reporter bob brooks is taking a look at how folks are getting ready for midnight but we will get with janet reyes live at penns landing where fire works are just about to begin, jeanette. Reporter were down to the last few hours of 2016, and what a year, it has been. It is, packed here. Lets look around me you can barely see beyond the crowd of people here, anticipation is already building, because were about to see the first, of two fire works shows, and, i say people here are pretty excited. Were here to celebrate new years eve, ice skating and fire works. Reporter tonight hundreds of families flock to the Delaware River waterfront to enjoy the last hours of 2016, and ring in the new year with two fire works shows. Were coming to the events for ice skating and celebrate the new year and see the tire w
Ruthless corporations, corrupt Government Agencies and criminal cartels. Targeted environmentalists in danger starts october 29th on d. W for mm mm ah ah, with one of them leave your computer. They have clue all month. And the libya is a big country, but weve got everything we need to develop the ha chavira they as you. But weve got the see that they are huge Desert Mountain oil gas mina, gold mine, that has all kinds of mineral seem good at the federal washable balcony. All this for a population of about 6000000, but the countries around us, itll just cant leave us alone. And theyve been to whom disabled a med shannon is the libby, and fighting against foreign interference in his country is could all bow. Oh, europe, turkey, russia, the us, our neighboring countries. You are, theyre all trying to exploit libya for their own interest. Though the woman for their slicing up libya like a caca, no didnt good. Ah. Since market duffy was ousted, libya has had 9 governments. 142 Political Par