Here’s some random thoughts on today’s news.
January’s jobs numbers blow away estimates. New jobs at 304K vs. 165K estimate with average hourly earnings rising 3.2% in line with estimates.
Labor Department says unemployment rate ticked up to 4.0% on the government shutdown.
Look for stocks to soar as job growth gains while the Fed is dovish on rate rise.
Why is now a Super Bowl week tradition that news comes out about people being arrested for human sex trafficking at the site of the game? The last four years or so I have seen these stories.
It’s disturbing on so many levels because it’s not limited to just adult women being imported. Disgusting.
Democratic presidential hopeful Sen. Elizabeth Warren called out Sears/Kmart owner Eddie Lampert for what he has done to the once iconic retail chain.
The Massachusetts senator wants the billionaire hedgie to answer eight questions by Feb. 14 about his plan to buy Sears out of bankruptcy.
Now of course Warren is grandstanding, since Lampert is not compelled to answer to Warren about anything. And of course Warren is so out of touch since the federal bankruptcy court in White Plains, NY is likely to decide the fate of the retailer on Feb. 4.
While Warren says she is sticking up for the workers, if Lampert does not take control again of the retailer, then the creditors will liquidate the chain and no one will be working.
But don’t let that business mumbo-jumbo stop Warren from pounding the table for a cheap sound bite.
This is for some of my new readers. Deutsche Bank is teetering on the brink of a huge reorganization in order to wind it down.
Take a look at this award-winning video I did on this long-time troubled financial firm.