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July 16, 2024
China trade war were seeing businesses like we were who just pulled their i. P. O. Filings and h. P. Who also just unveiled plans of some major restructuring that will basically cut off and slash 70029000 jobs so thats a lot of people who will be on unemployment but if you take a look at this specific charge of the employment nonfarm you see where we stand today if you look at some numbers back when when the financial crisis occurred in 2008 you can see there was a dramatic drop during that time...
July 16, 2024
Know so so going into that but the Federal Reserve has already cut rates twice this year and it looks like people are expecting for them to cut rates once again in their meeting next week and then again in december when they meet again so people are looking at these expectation of federal the feds cutting their rates 2 more times just this year and thats the most that its happened in decades actually you know unemployment has traditionally been a lagging indicator so president boasting about wha...
July 16, 2024
Correspondent john king is on his delve into the details of the new revelation to get into a bit of the business mindset lets go. The september jobs report is out and the numbers show a tight labor market as the Unemployment Rate dropped to a 5 decade low the top line data looks good with 10 industries adding jobs 3 losing and one unchanged alleviating some concerns on the street and boosting the markets today but lets take a closer look the payroll report was rather stagflation area as wage gro...
July 16, 2024
A look at the composition of job gains that wasnt so great with only low paying jobs in education and Health Category at the top meanwhile you have a d. S. L. Ration of wages in high tech which previously was the fastest wage growth and this all comes as the worlds 2 largest economies remain in a tit for tat trade war with no solution in sight heading into the 13th round of trade talks next week so with this mixed bag report expectations for an october rate cut declined to just about 75 percent ...
June 30, 2024
Good morning a warm welcome to Worldwide Exchange here on cnbc im wilfred frost. Lets get straight to the market picture. We did see yesterday the s p flat, the dow down about 0. 15 the nasdaq was up, 0. 2 . Theres been some concerns of a selloff. Weak to date were only down half of a percent for the dow and s p. The nasdaq is down a full percent. Its not that bad given the great runs of late this morning bouncing back, nearly 40 points higher for the dow. The s p up 5 points. The nasdaq up 25 p...
June 25, 2024
Can figure out what shes up to. Nasdaq gained, but try to figure it out. What threw the market for a loop for most of the day into a late session rally . The fact that auto giant ford motor said that the consumers stalling. The competitive environment is increasing as growth has slowed. So the bottom line is that weve seen a tougher pricing environment this quarter. And we will face one going forward, end quote, ouch. Bam there goes ford stocks. Close down over 8 . I have to admit i was a little...
June 25, 2024
His book watchdog when is about investigations you went through and the troubled asset relief vote, your vote election to congress, interesting for readers is the gray davis recall in california and the behind the scenes story of how that came about and was financed. Has a little of chairman tom baits in it. Guest a little of that. Host what prompted you to write a book . Guest i think voters have lost a little hope. They see the wrongdoing, not all of it but some of it, and dont see what differ...
June 24, 2024
Im tyler mathisen. Welcome, everybody. We begin this hour with the latest on that massive blaze. Cnbc is 200 miles south of the fire line in edmonton. Hey guys, the cooler weather and light rain is providing some respite for Fire Fighting officials. This wildfire is still out of control and is being referred to as the beast. Now i want to put the size of it in perspective for folks watching from home. Consider this. It is now twice the size of new york city, all five bureaus. Twice. It is absolu...
June 21, 2024
The dire consequences for greeces economy as athens seeks another hand out marking the centennial. We have no fear or worries on the subject. Our ancestors did not per cent cue. On the 100 Year Anniversary of the massacre of armenians president Recep Tayyip Erdogan stand firm denying genocide good evening, im more. This is al jazeera america. We begin with president obamas admission of a fatal mistake. Confirming that american hostage Warren Weinstein died in january during a drone strike target...
June 21, 2024
Sweep next round. Conference finals and the finals. Its been a long time since weve been able to see a team like like this in the bay area. Its fun. The warriors looking for a clean sweep of the first round tournament. It turned into much less of a nail biter than the last one. That wasnt a nail it was a heart attack. Local versions scheerd on the real deal and sent them off thoo the second round with enthusiasm. Its a sweep, its going to be great. Were going to celebrate it but this isnt all we...