U. S. Businesses. They are the engine of the economy. Reporter americas 28 million Small Businesses are truly the backbone of the economy. Accounting for more than half of all u. S. Sales, according to the Small Business administration. Theyve also created 66 of all net new jobs since the 1970s and thats created some 8 million new jobs since 1990. But running a Small Business is no easy task. Just ask tamara kennedy. She started as a secretary for a franchisee and eventually bought one of her own in 1999. Before the recession, she had grown to 14 sessions but had to close four during the downturn. The hardest part was letting 50 people go. Never an easy thing to do knowing that those folks had people that counted on their income. Part of communities that that income made a difference in. Reporter but she has persevered with nine locations across minnesota and iowa. This is important for small companies. The National Federation of businesses for 2016 found the cost of Health Insurance t
An economy close to full employment. Today that mystery was at least partly solved. In july, according to the commerce department, sales at retail rs and restaurants rose at their fastest clip since december. Steve liesman has the numbers and an explanation. Reporter the governments retail sales report showed that consumers are finally spending in line with their levels of confidence and employment. July retail sales rose 0. 6 , the best gain of the year outstripping wall street estimates. A decline in june sales has been revised to show a decent gain. I think the retail sales are pretty important. It was strong the last two months or week. There were factors that helped boost sales like amazon prime day which concentrated sales in july. Amazon said the prime day sales was the biggest sales day in its history. And the nonstore category including ecommerce showed a strong 1. 3 monthly gain. But autos and Department Stores did well offsetting declines at gasoline stations. It was a myste
Remains oh so elusive. Show never money. Paychecks grew the most in seven years. And stay slim. How he hopes his bracelets will cause sharks not to take bait. All that and more for friday, january 6th. Good evening. A triple play on wall street with all three indexes hitting new highs after todays jobs report. Well have more on that in a couple moments the s p 500 came close to that 20,000 mark. It was just a third of a point away. To put that into perspective, the index was 5 cents, yep, one nickel away from that 20,000 milestone. In the end, the dow couldnt break free and had to settle for the intra day high. The dow rose 64 points. The nasdaq rose 3. The s p 500 added about 8. No 20,000 but we did get a triple day. What moved us up today, two group thats were strong after the election but have lagged recently. Jcpenney and boeing and the united technologies. One disappointment, oil stocks. The report of that terrible shooting at ft. Lauderdale airport mid afternoon did not cause any
Remains oh so elusive. Show never money. Paychecks grew the most in seven years. And stay slim. How he hopes his bracelets will cause sharks not to take bait. All that and more for friday, january 6th. Good evening. A triple play on wall street with all three indexes hitting new highs after todays jobs report. Well have more on that in a couple moments the s p 500 came close to that 20,000 mark. It was just a third of a point away. To put that into perspective, the index was 5 cents, yep, one nickel away from that 20,000 milestone. In the end, the dow couldnt break free and had to settle for the intra day high. The dow rose 64 points. The nasdaq rose 3. The s p 500 added about 8. No 20,000 but we did get a triple day. What moved us up today, two group thats were strong after the election but have lagged recently. Jcpenney and boeing and the united technologies. One disappointment, oil stocks. The report of that terrible shooting at ft. Lauderdale airport mid afternoon did not cause any
Remains oh so elusive. Show never money. Paychecks grew the most in seven years. And stay slim. How he hopes his bracelets will cause sharks not to take bait. All that and more for friday, january 6th. Good evening. A triple play on wall street with all three indexes hitting new highs after todays jobs report. Well have more on that in a couple moments the s p 500 came close to that 20,000 mark. It was just a third of a point away. To put that into perspective, the index was 5 cents, yep, one nickel away from that 20,000 milestone. In the end, the dow couldnt break free and had to settle for the intra day high. The dow rose 64 points. The nasdaq rose 3. The s p 500 added about 8. No 20,000 but we did get a triple day. What moved us up today, two group thats were strong after the election but have lagged recently. Jcpenney and boeing and the united technologies. One disappointment, oil stocks. The report of that terrible shooting at ft. Lauderdale airport mid afternoon did not cause any