November 1. We rose to the august 2015 high yesterday. The dax index lifted to its best start of the year since 2003. Strategists still predict the by, which is down today. 38 , will climb by another. 43 this year. This is another function, i am just showing off. Telecom italia considering cutting about 10,000 jobs in italy, 14 of the total workforce to make the former monopoly more profitable and efficient. Telecom italia needs to increase investment to speed up its network as revenue shrinks, because of the competition. Call 30 lossays does company lost jobs company lost jobs and percentage changes from stories announcing cuts. The bottom line shows how the stocks reacted to the announcement of the job cuts. Oss go is the function lets talk about credit default swaps. 5810, the cost to buy protection for Investment Grade bonds in north america, europe, and asia, falling to a decade low amid better optimism of better taxes and broadening economic recovery. The prospect of rating upgra
Yield differentials are playing out, look no further than the dollaryen. 6 rude a little bit higher after a brutal selloff. Copper also rising by 32. David now for a preview of those jobs numbers. We turn to mike mckee. Mike is down in washington. He will get the first look at those numbers. Is there any chance we are setting of sorrows setting ourselves up for a disappointment . May be settinget itself up for disappointment, but nobody thinks so. Mentioned that whispered number of 230,000. 200 thousand jobs is the headline number that people are putting down on paper 200,000 jobs is the headline number that people are putting down on paper. 215,000 is the number for private sector jobs, which means the government is going to subtract the number that donald trump put a hiring freeze on. Unemployment is set to drop. That what is always a wild card when you are considering whether or not people are coming back into the labor force. If you do get a 230,000 number, what other numbers are a
Is this ok . Francine its fancy. Its perfect. Tom we have eight things to talk about at the start of the show. You mentioned the e. U. In your opening. Were oblivious to this. This turkey my deprant discussion, im sorry, for all of europe, its the only topic this weekend. Francine it is, because it goes really to the heart of what europe is. As soon as that gets into question, the eurozone can close. Tom well, there we go. We got so much to talk about today, jobs take. Francine lets get to the bloomberg first review. Thanks, francine. Donald trump was on the defensive during last nights republican president ial debate. Hours after 201 nominee mitt romney called him a phoney and a fraud, the current proper candidates took their shots. Heres marco rubio. Senator rubio theres no doubt approximate that. These also say 2 3 of the people that cast the vote have voted against you. They do not want you to be our nominee. And the reason why is because we are not going to turf over the conservat
Stake into a chinese chip acre. Dip the most in nearly two months yesterday, setting the index closing down over 2 for the week. All companies except for 14 on the s p were down yesterday. Julie hyman has much more. Lets put this in context. The s p 500 was at a record as recently as september 18 and hasnt been losing ground. Down only 2. 3 from that time but we have seen a change in about whatconcerns is happening geopolitically around the globe in russia in particular. Of course, the continuing situation in the middle east, what effect will that have on oil and other segments of the market. Then in the background, the fed, when will that raise rates, what effect will that have . You see the three major averages. We still have not seen that 10 pullback in more than three years in the major averages, but yesterday, 320 billion are raised from the value of the s p 500. I should also mention apple contributing to that over concerns of its latest operating system update. The vix,lso see a
And 401k 529, emerging market. Where should small investors put their money to work right now . We asked 20 of the very top financial advisored in the united states, and you have to hear what they say. First, though to sue who is across the room at head waters today. Hi ty. Very volatile day on the street. The dow rising as much as 94 points. Then wiping out the gains. Its a little bit higher right now on the trading session, as can you can see. The dow is up 49 points on the day. The s p is higher as well and the nasdaq composite in the green too. Were keeping an eye on the tenyear note, of course because we do have the fed decision a little bit later today. We have a whoyear note Auction Going off the board, and rick is going to handicap that for us in just a few minutes. As ty said the big stock story of the day is apple. Its shares are surging on the back of that blowout earnings report, as can you see. Apple it s now up almost 8 on the trading session. The tech giant posting the b