Fri Nov 2, 2012 8:24am EST
“WASHINGTON (AP) — The October employment report the government will release Friday will likely solidify the picture of the U.S. job market that’s emerged this year: Companies are hiring steadily but cautiously. And unemployment remains high.
Economists forecast that employers added 121,000 jobs in October, according to FactSet. That would be up slightly from September but below this year’s average monthly gain of 146,000. And it’s too weak a hiring pace to quickly reduce unemployment.
Analysts think the unemployment rate rose to 7.9 percent from 7.8 percent in September.”
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Fri Nov 2, 2012 8:22am EST
“Manhattan, slowed by power outages, flooded subways and closed markets since Sandy struck Oct. 29, should have electricity fully restored by the end of today, Consolidated Edison Inc. (ED)spokesman Robert McGee said.”
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Fri Nov 2, 2012 8:18am EST
Their recent loss and guidance was horrendous.
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Fri Nov 2, 2012 8:14am EST
“The dollar rose for a third day against the yen before a U.S. report that economists said will show employers stepped up hiring last month, pointing to a recovery in the world’s biggest economy.
The euro weakened versus 13 of its 16 major counterparts after a report confirmed the region’s manufacturing sector contracted in October. The yen headed for a third weekly decline against the U.S. currency as economic weakness and disappointing corporate earnings spurred speculation the Bank of Japan (8301) will expand monetary easing. The pound climbed to the strongest in a month against the euro.”
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Fri Nov 2, 2012 8:12am EST
“Australia’s dollar touched the highest level in more than a month on speculation U.S. data today will show the labor market in the world’s biggest economy is improving, supporting demand for riskier assets.
The so-called Aussie headed for a fourth weekly advance, the longest winning streak since August, as Asian shares rose. Gains in the Australian and New Zealand currencies were limited as Greece’s lawmakers squabbled over austerity measures needed to secure a bailout and keep the nation in the euro.
“Investors are getting more optimistic about the outlook for the U.S. economy,” said Marito Ueda, senior managing director in Tokyo at FX Prime Corp. (8711), a currency-margin company. “The risk-on tone across the market is supporting the Aussie.”
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Fri Nov 2, 2012 8:09am EST
“Emerging-market stocks rose, with a benchmark index headed for the biggest weekly gain in almost two months, as earnings at industrial and technology companies beat analysts’ estimates.
Samsung Heavy Industries Co., the world’s second-largest shipbuilder, rallied the most in eight months and Wipro Ltd. (WPRO), India’s third-largest software-services exporter, rose for a fifth day after their profits topped forecasts. OAO Gazprom, the world’s biggest natural gas producer, snapped a five-day decline after quarterly earnings exceeded estimates.”
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Fri Nov 2, 2012 8:07am EST
“Commodities snapped two days of gains before a report forecast to show the U.S. isn’t adding jobs fast enough to cut the unemployment rate. The euro weakened, while stocks and equity-index futures were little changed.
The Standard & Poor’s GSCI gauge of 24 raw materials slid 0.4 percent at 7:45 a.m. in New York, with copper falling 0.7 percent and oil dropping 0.8 percent. The Stoxx Europe 600 Index rose 0.1 percent and S&P 500 futures added less than 0.1 percent. The euro declined 0.5 percent to $1.2883 as the dollar strengthened against all but two of its 16 major counterparts.”
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Fri Nov 2, 2012 8:04am EST
Thu Nov 1, 2012 11:29pm EST
The story
[youtube://http://www.youtube.com/watch?v=46bBWBG9r2o 450 300]
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Thu Nov 1, 2012 11:13pm EST
Nikkei
S&P Futures
Hey bearshitters check it 🙂
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Thu Nov 1, 2012 11:06pm EST
[youtube://http://www.youtube.com/watch?v=94bNyh6BBB0 450 300]
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Thu Nov 1, 2012 11:02pm EST
[youtube://http://www.youtube.com/watch?v=Q-VY0xflOkw 450 300]
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Thu Nov 1, 2012 10:54pm EST
[youtube://http://www.youtube.com/watch?v=DNlGfPWTySc 450 300]
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Thu Nov 1, 2012 10:10pm EST
See the graph here.
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Thu Nov 1, 2012 8:56pm EST
This administration is an embarrassment on foreign policy and incompetent at best on the economy – though a more careful analysis shows what can only be a perverse and willful attempt to destroy our prosperity. Back in January 2008, Barack Obama told the editorial board of the San Francisco Chronicle that under his cap-and-trade plan, “If somebody wants to build a coal-fired power plant, they can. It’s just that it will bankrupt them.” He added, “Under my plan … electricity rates would necessarily skyrocket.” It was also in 2008 that Mr. Obama’s future Energy Secretary, Steven Chu, famously said it would be necessary to “figure out how to boost the price of gasoline to the levels in Europe” – $9 a gallon.
Yet the president now claims he’s in favor of oil development and pipelines, taking credit for increased oil production on private lands where he’s powerless to block it, after he halted the Keystone XL Pipeline and oversaw a 50 percent reduction in oil leases on public lands.
These behaviors go far beyond “spin.” They amount to a pack of lies. To return to office a narcissistic amateur who seeks to ride this nation’s economy and international esteem to oblivion, like Slim Pickens riding the nuclear bomb to its target at the end of the movie “Dr. Strangelove,” would be disastrous.
Read the rest here.
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Thu Nov 1, 2012 5:22pm EST
Thu Nov 1, 2012 5:11pm EST
Thu Nov 1, 2012 3:41pm EST
Thu Nov 1, 2012 3:35pm EST
Thu Nov 1, 2012 3:17pm EST
Rumors are swirling that Sand is making some Randy for more QE….
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