Financial Review

Super Low


Listen Later

Bond yields hit all-time low. Mortgage activity jumps. Banks clobbered this year. Italian banks duramente colpite, with no bailouts allowed. Danone buys WhiteWave. Avast buys AVG. If you buy anything at Wendy’s, use cash. Boeing pays late. Flights to Cuba or London. And a faster way through TSA? Financial Review by Sinclair Noe for 07-07-2016 DOW – 22 = 17,895 SPX – 1 = 2097 NAS + 17 = 4876 10 Y + .02 = 1.39% OIL – 2.23 = 45.20 GOLD – 3.40 = 1360.80 The Fed didn’t raise its benchmark interest rate last month because officials worried about the “surprisingly weak May employment report,” according to the minutes of the June meeting. And that was before the Brexit vote. The minutes offered no guidance on when the Fed might raise interest rates. Of course, the May jobs report showed just 38,000 net new jobs. Tomorrow morning we will find out how many jobs the economy added in June; consensus estimates are around 175,000; something close to that number and we can look at May as an aberration. A repeat of May, or worse, and we have serious problems. This morning we got a couple of reports that might offer clues to tomorrow’s report.   ADP reported that 172,000 private-sector jobs were added in June, above economists’ expectations for a gain of 150,000 jobs. According to ADP, small private-sector businesses added 95,000 jobs in June, medium businesses added 52,000 and large businesses added 25,000. All of those gains were in ...
...more
View all episodesView all episodes
Download on the App Store

Financial ReviewBy Sinclair Noe