The Morning Look
Market Update: Stock futures are quiet ahead of Friday’s open as the market waits for the always fun (and fake) jobs report. Gary’s Thoughts: Blah fake job’s number. Another half million people leave workforce…thus unemployment number at 4.7%. Tired of talking Fed. Just remember, for ever, bad news is good news for markets as central banks…
The Morning Look
Market Update: Stock futures are a little lower ahead of Thursday’s open as the market waits for today’s ADP report then Friday’s always fun (and fake) jobs report. Gary’s Thoughts: Paint drying open…but pay attention here. Something going to give soon. We feel it. Economic Data: Chain Store Sales Challenger Job-Cut Report 7:30 AM ET ADP…
The Closing Look
Stocks opened lower but closed near their highs on Wednesday as investors digested the latest round of economic data.Auto sales fell which hurt sentiment. GM said sales plunged -18% last month and Ford (F) said sales tanked -5.9%. In the afternoon, the Fed’s Beige Book showed a decent picture of economic growth across the 12 districts. The…
The Beginning of the End for OPEC?
http://www.bloomberg.com/news/videos/2016-06-01/the-beginning-of-the-end-for-opec
Sen. Mitch McConnell: Clinton Would Be 4 More Years Of Obama’s Policies @FoxBusiness
http://www.foxbusiness.com/politics/2016/06/01/mcconnell-clinton-would-be-four-more-years-obamas-policies.html
Beige Book: San Francisco Only District to Report Moderate Growth @FoxBusiness
http://www.foxbusiness.com/politics/2016/06/01/beige-book-san-francisco-only-district-to-report-moderate-growth.html
Fed records show dozens of cybersecurity breaches
http://www.reuters.com/article/us-usa-fed-cyber-idUSKCN0YN4AM
Rise in U.S. manufacturing activity masks underlying weakness
http://www.reuters.com/article/us-usa-economy-idUSKCN0YN4Y9
GM president: Pieces in place to develop ride sharing, autonomous cars
http://www.reuters.com/article/us-autos-gm-ride-sharing-idUSKCN0YN5NF?il=0