Markets this morning, yesterday an upday. The nasdaq has seen seven straight positive sessions, the first time that happened since february of 2014. This morning we are flat as wall street awaits the jobs report. Overnight, in asia, take a look, youll see, yeah, asia was higher with japans nikkei up by almost half a percent. You saw gains of better than. 4 from the hang seng and the shanghai composite. In terms of what is happening in europe in the early hours, youll see right now things are up for most of the markets. The dax is up by half a percent. If you check out crude oil, yesterday, crude oil was higher, broke a fourday losing streak. This morning it is up another ten cents to 49. 26. The next fed meeting scheduled for june 14th and 15th. There is a small chance of a rate hike at that gathering, but the cme groups fed watch program tells us that the markets are now pricing in roughly 59 for the july fomc meeting. Well talk to says july or september. Hes sitting right there. He h
Job growth last month ground to a near halt, surprising just about everyone from wall street to main street to washington. Especially because the labor market had been a pillar of strength for the economy. Just 38,000 jobs were created last month, well below the estimate of 158,000. The Unemployment Rate dropped to 4. 7 , but that was because nearly 500,000 people stopped looking for work. The one bright spot may be the slight, and i do mean slight, increase in average Hourly Earnings. Hampton pearson has more on mays big jobs miss. Reporter the slowest monthly job growth in nearly six years shocked the markets and market watchers. Im still looking for a digit here. Were missing a digit. This is crazy. I thought wed get 165,000. And they still wouldnt do it. They cant hike in june. Imagine if they did and then the economy got worse people would be like, how dumb were you . Reporter the month of may turns out was the tip of a jobs iceberg. Hide be a dramatic slowdown in job growth over
A near halt, surprising just about everyone from wall street to main street to washington. Especially because the labor market had been a pillar of strength for the economy. Just 38,000 jobs were created last month, well below the estimate of 158,000. The Unemployment Rate dropped to 4. 7 , but that was because nearly 500,000 people stopped looking for work. The one bright spot may be the slight, and i do mean slight, increase in average Hourly Earnings. Hampton pearson has more on mays big jobs miss. Reporter the slowest monthly job growth in nearly six years shocked the markets and market watchers. Im still looking for a digit here. Were missing a digit. This is crazy. I thought wed get 165,000. And they still wouldnt do it. They cant hike in june. Imagine if they did and then the economy got worse people would be like, how dumb were you . Reporter the month of may turns out was the tip of a jobs iceberg. Hide be a dramatic slowdown in job growth over the last three months. Employers
A near halt, surprising just about everyone from wall street to main street to washington. Especially because the labor market had been a pillar of strength for the economy. Just 38,000 jobs were created last month, well below the estimate of 158,000. The Unemployment Rate dropped to 4. 7 , but that was because nearly 500,000 people stopped looking for work. The one bright spot may be the slight, and i do mean slight, increase in average Hourly Earnings. Hampton pearson has more on mays big jobs miss. Reporter the slowest monthly job growth in nearly six years shocked the markets and market watchers. Im still looking for a digit here. Were missing a digit. This is crazy. I thought wed get 165,000. And they still wouldnt do it. They cant hike in june. Imagine if they did and then the economy got worse people would be like, how dumb were you . Reporter the month of may turns out was the tip of a jobs iceberg. Hide be a dramatic slowdown in job growth over the last three months. Employers
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