THREE-DAY TRADING CYCLE OF
LOSSES HERE LA SENSE REALLY OF
THEN ON THE UP AND
UP SO THAT'S ESPECIALLY AGAIN
WITH THIS BLOCKBUSTER JOBS
REPORT TODAY,
IT'S RIGHT.
>> LET'S ALSO BRING IN CAPTAIN
AND TO A SONG WAS SENIOR VICE
PRESIDENT OF WEALTH MANAGEMENT
AT UBS FINANCIAL CUT FROM THE
SHOW COPYRIGHT THIS YEAR ON
THIS FRIDAY
DEALS THERE ABSOLUTLY LET'S
DIVE IN WHAT IS HAVING THE
BIGGEST IMPACT ON THE CLOSE
TODAY WITH YOUR BIG TAKE AWAY
FROM MARKETS.
>> I MEAN IT'S IT'S ALL ABOUT
THE NEWS RIGHT. SO THE NEWS
IS GOOD. HOW GREAT JOB REPORTS
IT'S AGAIN A GREAT NUMBER BEST
IT'S BEEN IN 50 YEARS. CHART
66,000 JOBS.
YOU KNOW THE PLAYER IS ABOUT A
HALF PERCENT THE LOWEST IN 15
YEARS THAT'S WHAT'S DRIVING
MARKETS TODAY.
>> WAGES BECAUSE OFTENTIMES
YES, THE HEADLINE NUMBER IS
REALLY REALLY GOOD. BUT LET'S
TALK ABOUT THIS HOUR. EARNINGS
ON AVERAGE OF 3.1%.
10TH OF A PERCENT BEAT ON THOSE
EXPECTED OR.
GOOD ENOUGH NEWS IN TERMS OF
WAGE FOR CATHY.
>> YOU KNOW I THINK ANY TIME
IT'S POSITIVE. THAT'S GOOD
ENOUGH NEWS
FOR TEA DAY AND WHAT WE'RE
LOOKING FOR REALLY ARE TRENDS
THAT HAPPENED OVER TREND,
CURIOUS RIGHT SO WE CONTINUE TO
SEE THAT TREND GO OUT THAT'S A
BIG WIN. A GOOD EXAMPLE AT MY
MY LAWYER SENT A LETTER OUT TO
ALL OF US THIS
WEEK SAYING WE WANT YOU TO KNOW
THAT THE WAGE RATE IS OUT SO
YOU'RE GOING TO BE
REPORTING HIGHER FOR OUR BASE
RATES SO IT'S AFFECTING
EVERYBODY FROM EVERY INDUSTRY
THAT'S POSITIVE. WAS THERE ONE
SECTOR ON.
>> THAT'S THAT OUT TO YOU A
LITTLE BIT MORE THAN OTHERS
HAPPENS.
>> STOOD UP PER SE, BUT I WOULD
SAY IT'S IT'S OBVIOUSLY
AFFECTING THE COUNTRY.
>> OR THE YOU KNOW THE REGULAR
MOM AND POP OR THE REGULAR
FAMILY BECAUSE WE'RE TALKING
ABOUT A MINIMUM WAGE RIGHT
WE'RE NOT TALKING ABOUT.
REGULAR OTHER
SALARIES ABOUT THE WAGE AND NOW
THE MORE THAT PEOPLE WHO ARE
ARE JUST GOING DAY TO DAY CAN
INCREASE WHAT THEY HAVE IN
YOUR POCKET FOR EVERYBODY AND
WHEN WAGES GO UP PEOPLE WILL
SPEND A LITTLE BIT MORE WHICH
IS ALWAYS GOOD FOR THE ECONOMY
AS WELL.
>> AND LOOK WE ARE STILL
STANDING HERE WHICH IS GOOD
NEWS.
THE GOOD NEWS, ESPECIALLY WHEN
IT COMES
TO 2 RAID EARLIER IN THE WEEK
WE HAD REALLY MIXED SIGNALS
AROUND JUST HOW WELL THESE
TRADE TALKS HAVE PROGRESSED
WHEN THE PRESIDENT COMMENTING
AND THE NATO SUMMIT IN LONDON
IT TOO WELL, WHAT WE'VE HEARD
ALSO FROM
THE CAR. THE SECRETARY TO LARRY
KUDLOW AND TODAY
WHAT REALLY DO WE KNOW THAT
TRADE PROGRESS THIS YEAR ARE
YOU CONFIDENT WE'RE GOING TO
GET A DEAL BEFORE THE END.
>> YOU KNOW WE HAVE BEEN
TALKING ABOUT THIS FOR A LONG
TIME NOW.
JUST DON'T KNOW AND I
THINK THAT'S THE ISSUE THE
UNCERTAINTY IS WHAT'S DRIVING
THE MARKET EITHER UP OR DOWN
DEPENDING ON WHAT THE NEWS OF
THE DAY IS AND.
TEAM WHICH IS RIGHT AROUND THE
CORNER IS IS A BIG DAY BECAUSE
THAT'S THE DAY THAT MORE
TARIFFS WILL ROLL ON AND THOSE
WILL BE A DISH MOLD AND
MANUFACTURING GOODS.
THE EVERYDAY INDIVIDUAL THE
CONSUMER WE SAW A FEW WEEKS AGO
OUT OF
MICHIGAN CONSUMER CONFIDENCE
INDEX WAS UP AND WE
CONSUMER NETWORK IN GOOD SHAPE.
BUT ONCE THEY START FEELING IT
PERSONALLY THAT'S WHERE THE
TROUBLE STARTS. BUT SO FAR I
DON'T SEE THAT HAPPENING.
I SEE A LOT OF POSITIVES.
WHO KNOWS I THINK WE'RE ALL YOU
KNOW TRYING TO FIGURE THAT ONE
OUT JUST WORKING THROUGH THE
THE UNKNOWN IN IT CALM AND SORT
OF FORWARD-LOOKING WAY ONE TERM
VIEW.
>> AS HOPE AN HOUR WRAPPING UP
THE DAY'S ACTIVITY TO JUST
A FEW MINUTES AGO, ONE THING
THAT I THOUGHT WAS CRITICAL TO
BRING INTO THIS WAS THE FED.
THEY ARE EXPECTED TO ANNOUNCE
OR AT LEAST TALK
WHAT'S THE STATE OF THEIR OWN
POLICY IS IF THEY ARE EXPECTED
TO MAKE ANY CHANGES
PERHAPS NOT IN THIS MOST
UPCOMING AND IMMINENT MEETING
BUT IN THE FUTURE
AS WELL, HOW DO YOU EXPECT
THEIR CHANGING COMMENTARY AT
LEAST A CHANGE. WITH THE NEXT
ANNOUNCEMENT THAT WE RECEIVE
FROM THAT.
>> YOU KNOW AGAIN IT'S ALL
SPECULATION AND SO.
EARLIER
TODAY IN PALM BEACH AND WE WERE
LISTENING TO SOME ECONOMISTS AT
PARENTS ABOUT WHAT'S
GOING ON. AND I'M BASICALLY WE
THINK THAT IT'S MORE LIKELY
THAT THEY WILL BE MORE
CONSERVATIVE AND THEY WILL
CONSIDER CUTS FIRST IS
INCREASING RATES AT
THIS POINT. I THINK IT'S JUST
GOING TO BE A TEMPERED VIEW AND
THE CALMER YOU THEN THE SCENE
SAY EARLIER THIS YEAR OR EARLY
LAST YEAR. WELL, I MEAN TO THAT
POINT AND AND TO BRATZ
QUESTION.
WE'RE NOT GOING TO GET A CUT
ANYTIME SOON
RIGHT CATHY. YEAH, I DON'T I
EXPECTED REVENUES FRONT SOON
AND THEY CERTAINLY DON'T EXPECT
THEM TO START LIFTING RATES YET
EITHER.
>> AND THEN KATHY IS WELL KNOWN
TO GO FOR BASES HERE, I MEAN
WE'VE STILL GOT ALL OF THESE
COME AND IS THAT ARE WAITING
INTO THE HOLIDAY SEASON ON THE
RETAIL FRONT. THE JOBS
IMPACTING THE CONSUMER
SENTIMENT.
CONSUMER SENTIMENT. REALLY THE
DRIVER AND THIS THE CYCLE THAT
WE'VE BEEN WATCHING HERE TOO.
YOU KNOW HOW DO YOU EXPECT
TODAY'S JOBS REPORTS REALLY
BLEED INTO THEM MIND OF A FOR
ME PERMEATE INTO
THE MINE OF THE CONSUMERS
THEY'RE GOING INTO THE SHOPPING
SEASON ARE IN THE MIDST OF IT
AT THIS POINT.
>> I'M EXPECTING A POSITIVE
OUTCOME. I THINK THAT CONSUMERS
POSITIVE THEY'RE GOING TO SPEND
MONEY AND THAT'S GOING TO
BENEFIT THE ECONOMY AS WELL,
I'M LOOKING FOR POSITIVE.
ALL RIGHT CATHY, THANK YOU AS
ALWAYS FOR BEING ALL OF THIS