You know why god created weatherman . To make economists look good. The number has been revised down. Now we are only expecting 149,000 jobs created during the month. 145,000 in the private sector. Unemployment rate stays unchanged. 6. 6 . We have had some weak numbers. 80 p and i is and services came in week but it is really all about the adp and ism services came in week but it is really all about the numbers. Compare that to last year when we had a lot of pink on the screen and it was a lot warmer. Everyone on wall street is going to start with this number today. They want to know how many people were unable to get to work because of the weather 3009000 the average for a rubber worry. We will find out how much worse was it than that. How much worse was the weather in this month than normal . Was it worse than seasonal adjustments anticipated . Or is there a nonrelated weather hiring underway . And did a lot if you will drop out of the labor force because they lost the unemployment b
And the stimulus plan should not yet declare victory in the recovery. And denying all allegations over its winning bid to hold the 2020 world cup. The state has been hit by a string of corruption flicks. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. Hello. A warm welcome to you. Welcome to the first Worldwide Exchange of june and this week. We kick off with data right at the top of the show with the final may pmi numbers out of the eurozone that came in at 52. 2, weaker than the flash. The 52. 5. Remember 53. 4 in april. So this number is down to a sixmonth low. The final manufacturing pmi index is 53. 4 in the flash. And the final pmi index is 53. 4. They are saying more than they initially thought last month. Whats interesting is we get the breakdown from the individual countries. The italian may manufacturing pmi, 53. 2. That is weaker than expected 53. 7. So if youre looking for some reasons why this is a little bit lower, thats the reason. We
Temperatures below average and lowtomid 70s and grab a light jacket in the low 60s. Inland, fewer clouds especially in the east bay valley with the northbound cloudy and lowtomid 50s and mild headed out to lunch at 72 and sunny and sunny and below average and 82 in the afternoon to 74, with for real weather worries during the evening for the friday festivities. At the coast, the day planner shows a lot of cloud cover, limited sunshine to partly sunny this afternoon and we will hand out in the midtoupper 50s. Enjoy. Traffic is slowing through the sunol grade traveling along southbound 680 because of the trash at 84, and now we down to 40 Miles Per Hour, but the heavy backups show bumpertobumper traffic and some are saying it is at standstill at sunol boulevard. On the peninsula we have a report of a big rig that is either a flat tire or blocking one lane at 92 and the rest of the drive, though, across the making making san mateo from hayward to foster city is slow. From san jose, we can
To maintain its pledge of increasing Monetary Base at an annual pace of 600 billion to 0 700 billion. T well be watching very chosely. European trading, you can see the stocks there are off a little bit too. The worst performances the ftse 100, down over 1. 2 . Down about 80 points. The u. S. Equity futures here are looking like they are also indicated lower. The dow futures are indicated down by almost 60 points. S p futures off by just over 7 points, and, again, the decline we saw yesterday, the 93point drop, the worst performance we have seen since the end of june, june 28th, the last time we saw a move like that, which tells you how calm and fence sitting the position these markets have been to this point. Also today, the treasury will offer 20 billion in tenyear notes at 1 00 p. M. Eastern time. As for data points, the Mortgage Bankers Association Release at 7 00 eastern. Economists expect to continue to see downward trend in the rise in rates. Earnings front, ralph lauren, time w
Wildfire burning in Yosemite National park. Well have the latest on the rim wildfire. A teenage boy is dead and two others are injured this morning after their car slammed into a tree. Details in a live report coming up. And were now just one day away from the bay bridge closure. Well tell you what crews are doing to make sure the new span is completely safe. Lets first get an update with our weather and traffic. At the morning erica. Erica good morning. Today could be the warmest day of the week. I will show you your extended forecast and when we should expect that warmup coming up. Good morning george. George the morning erica. Not any delays or problems. But traffic is building at the bay bridge, second day in a roper it we already see a complete back up even on the 80 approach to the bridge. Here we are already backed up past the first over crossing for it the old oakland base horseshoe there. Were already starting to see delays building and hear your quick commute check shows a we