The time is 5:32 PM.
The earnings report from Warner Brothers Discovery caught the attention of CNBC. Friday was a bad day for shares. Disney's quarterly results are a major focal point for investors and analysts.
Mercado and Falso are related.
On Fri., August 5, 2022, at 4:11 PM.
The first week of August was mixed after the better-than- expected July jobs print. The index gained 76.65 points to end at 32,793.47. Friday's gains were not enough to keep it from falling on the week.
The S&P 500 ended the day at 4,145.19, a decline of 0.11%.
The S&P 500 ended the first week of August with a gain.
Carmen Reicke.
The date is August 5, 2022.
The line chart has 159 points.
The time is displayed on the X axis. The range is from the first day of January to the last day of August.
There is a Y axis on the chart. The range was -0.4 to 1.
The end of the chart.
IanLyngen said that the last time it was inverted was in 2000 and that was a different environment. During that episode, we got inverted as well.
The government reported that 528,000 jobs were created in July, more than what was expected. The 10-year reached a high of 2.86% on Friday, while the 2-year was at a high of 3.24%.
The market is confident that the Fed's credibility is high due to the depth of the yield curve. They will keep hiking rates. We end up tipping into a more significant recession if it creates a bigger economic headwind than the economy can handle.
atti domm
The day ends at 3:22 PM.
On Friday, oil prices eked out a slight gain, but ended the week sharply lower as recession fears and concerns about a slowdown in demand weighed.
The West Texas Intermediate crude futures rose for the week. The week was the worst of the year for the contract. The week ended with a loss of 13.72% for the international benchmark.
There is a line chart with a lot of data points.
The time is displayed on the X axis. The range is from July 6th to August 5th
There is a Y axis on the chart. The range was 85 to 112.
The end of the chart.
It was 3:03 PM on Friday, August 5.
Heading into the last hour of trading in the first week of August, the DJIA was flat, wavering between gains and losses. The S&P 500 and the Nasdaq were both down on the day. On the week, the major averages are expected to fall.
The July jobs report came in better than expected and caused the stock market to fall.
Carmen Reicke.
The date is August 5, 2022.
The company's annual shareholder meeting took place on Thursday and its shares fell in the morning. The 3-for-1 stock split was approved by shareholders.
In the afternoon, it was the biggest loser in the index.
Carmen Reicke.
The date is August 5, 2022.
According to data from the Bureau of Labor Statistics, the unemployment rate for black workers went up to 6 percent in July, while the unemployment rate for the rest of the country went down to 3.5%.
Unemployment went up among black men and went down among black women. The labor force participation rate, which measures how many people are employed or looking for work, decreased in June.
Unemployment rose in July among black workers. The director of the Economic Policy Institute's program on race, ethnicity and the economy said it's hard to understand what contributed to the changes among Black workers.
She said that the long term trend had been positive and she didn't know how much of that was a signal of change.
Women continued to make strides in jobs recovery, with the unemployment rate for those over the age of 20 falling to 3.1%. The unemployment rate for Hispanic women fell to 3.0% from 4.5% in June.
The name of the person isSamantha Subin.
The day ends at 2:02 PM.
Almost all of the S&P 500 companies have reported results for the second quarter. 75% of those firms reported a positive earnings surprise.
The earnings growth for the S&P 500 is currently 6.7%. It will be the lowest earnings growth rate reported by the index since the fourth quarter of 2020 if 6.7% is the actual growth rate for the quarter.
The name of the person is Yun Li.
The time is 1:52 PM.
According to Michael Darda, don't expect the Fed to slow down on its rate hikes any time soon.
The jobs and wage numbers seen in July are not what the Fed wants at a time when the economy has overshot its potential and inflation is running at more than 3x the Fed's target. The front end of the curve will be moved higher by the Fed until growth is broken and inflation goes down.
Fred Imbert is a person.
On Fri., August 5, it was 1:16PM.
There were just three S&P 500 names that hit a high and four that hit a low.
Fred Imbert and Gina Francolla are related.
On Fri., August 5th, 1718 PM.
Carvana and Cloudflare saw their shares increase in value on Friday.
The company jumped more than 25% after it reported better than expected earnings. The company raised its full-year guidance to predict 48% growth.
Even though Carvana's earnings fell short, it still gained more than 30%. The company did not change its full-year outlook.
Carmen Reicke.
On Fri., August 5th, 1:06 PM.
Even though the July jobs report signaled no sign of a recession, it isn't the last word on the US economy. Three more economic data releases will be considered by the Federal Reserve when they meet in September.
They will be looking at the reports.
Carmen Reicke.
It was 12:24 PM on Fri., August 5th.
As Wall Street digests the July jobs report, stocks were down midday. Wage growth was better than expected and the unemployment rate was lower than expected, according to the report.
The S&P 500 was down 0.66 points and the DJIA was down 93 points. The losses were led by the stock market.
Carmen Reicke.
Fri, August 5th, 11:53 AM
The Wall Street Journal reported Friday that Pfizer is in advanced talks to acquire Global Blood. In December, the company's drug was approved for use.
Due to the surge, the stock was stopped for trading.
Carmen Reicke.
It was 11:14 AM on Fri., August 5th.
If the S&P 500 closes above a certain level, it could be the beginning of the end for the bear case.
For weeks, investors have debated if the market's recent up moves are the result of a temporary bounce or a longer term bottom. There has been so much pain in the market this year that many people are hesitant to believe the worst is over.
June was the low for this cycle if the index hits that key level.
You can read more on CNBC.
The person is Tanaya Macheel.
It was 10:49 AM on Fri., August 5th.
The ride-sharing service posted better-than- expected earnings results Thursday. Ridership numbers went back to their pre-pandemic level after the company posted an unexpected quarterly profit.
A line chart with a lot of data points
The time is displayed on the X axis. The range was from July 29 to August 5, 1992.
There is a Y axis on the chart. The range was 12 to 22.
The end of the chart.
The day begins at 10:20 AM on August 5.
On the back of the jobs report, the dollar gained against a group of currencies.
The dollar index increased in value. The U.S. currency appreciated against the Japanese currency. The euro was down at the time.
A line chart with a lot of data points
The time is displayed on the X axis. The range was 18:09:00 to 18:09:00.
There is a Y axis on the chart. The range was 106.4 to 109.
The end of the chart.
On Fri., August 5, 2022, 10:24 AM
The better-than-expected July jobs report gave the stock market a boost.
The industrial average was trying to go positive. The S&P 500 and the index were both down.
The report shows that the U.S. economy is not in a recession as the labor market is still strong.
The U.S. avoiding a recession is good news for banks.
Carmen Reicke.
On Fri., August 5, 2022, 10:00 AM
The July jobs report came in well above expectations and showed solid job growth. The 10-year Treasury yield fell to 2.5% earlier this month as the bond market worried about a possible recession.
The yield on the 30-year Treasury went up. The yields are related to the price.
Carmen Reicke.
The day begins at 9:57 AM.
Bank of America economists increased their forecast for Federal Reserve rate hikes this year after the July jobs report.
The economists expected a 50 basis point hike in the fed funds rate in September and a 25 basis point hike in November. The hike in November is now expected to be 50 basis points. There was no change to the forecast for a quarter point hike in December.
The basis point is the percentage point. In June and July, the fed funds target rate was raised.
The report that 528,000 jobs were added in July, more than expected, led to a 75 basis point hike in the fed funds futures market.
atti domm
The day begins at 9:37 AM.
On the floor of the New York Stock Exchange, traders watch a screen showing Federal Reserve Board Chairman Powell speaking at a news conference in New York City.
Brendan Mcdermid is a reporter.
Markets were surprised by the July jobs report and have increased their expectations for a rate hike.
More than half a million jobs were created in July. According to Peter Boockvar, chief investment officer of Bleakley Advisory Group, Fed funds futures are now pricing in a 75% chance of a hike in September.
Boockvar said the market is pricing out some of the rate cutting it expects for next year, and the June, 2023 futures were higher by 25 basis points.
It's hot. Diane Swonk said that the Fed is hiking by 75 basis points. Swonk said the September rate hike could be 75 basis points because of the jobs report.
atti domm
On Fri., August 5th, 2022, 9:36 AM
The stock market fell at the opening bell. The industrial average fell. The S&P 500 and the Nasdaq lost ground.
Carmen Reicke.
9:11 AM is the time on Fri., August 5.
The stronger-than- expected July jobs report means that the Federal Reserve will likely raise interest rates by three-quarters of a percentage point at its next meeting, as opposed to the half-percentage-point hike markets expected, according to Seema Shah, chief global strategist at Principal Global Investors
It is almost a done deal that a 75bps hike will take place in September. Shah wrote that the labor market is tight and wage growth is strong. The Fed needs to create enough slack to help ease price pressures.
The jobs that were lost during the swine flu have been regained. Markets will take today's number as a reminder that there is still more hiking to come. Today's rate should put to bed any doubts.
Carmen Reicke.
The day begins at 9:01 AM.
Jim Cramer is on CNBC.
Virginia is on CNBC.
It is extraordinary. We're a country that's growing. Jim Cramer stated that the rest of the world is not.
Cramer warned about what it means for stock prices and explained why we are seeing a negative reaction in futures.
When the Fed comes back it will do another three-quarters. We thought that was not what it was. The central bank will decide on interest rates in September after increasing rates by 0.75 percentage point for a second straight time last week. The pace of the hike was expected to be slowed. The S&P 500 is up 8% since the beginning of the month.
The person is John Melloy.
On Fri., August 5, 2022, 8:51 AM.
After the July jobs report came in better than expected, stock futures fell.
The futures for the DOW fell 231 points. The futures tied to the S&P 500 were down.
Carmen Reicke.
The day begins at 8:36 AM on Fri., August 5.
The U.S. economy added a lot of jobs. The US added 528,000 jobs in July, beating the estimate of 258,000.
Average hourly earnings were up over the course of the year. The market may see this as a sign that inflationary pressures are still strong.
Click here if you want to read the whole story.
Fred Imbert is a person.
The day begins at 8:29 AM on Fri., August 5.
The past two years have been an absolute nightmare of supply chain disruptions and we are not out of it yet.
The man is Patrick T.
According to Musk, we are past peak inflation and will have a mild recession in the next 18 months.
At the shareholder meeting, Musk commented on the company.
When you make millions of cars, you have to purchase commodities many months in advance of when you need them.
Carmen Reicke.
The day begins at 8:18 AM.
The consumer robot company said on Friday that it would be acquired by Amazon. The all-cash transaction is valued at over $1 billion.
There was a halt to the shares of iRobot. The sale price is 22% higher than the previous day's close. In pre-market trading, the stock was up about 2%.
It was written by Michelle Fox.
The day begins at 7:40 AM.
A delivery person for Doordash rides his bike in the rain during the coronaviruses disease in the Manhattan borough of New York City, New York, U.S.
The man is Carlo Allegri.
DoorDash's shares were up more than 10% in premarket trading Friday after the company reported better than expected results. The food delivery service said it had a 30% increase in revenue.
The company expects softer consumer spending in the second half of the year
Carmen Reicke.
The day begins at 7:31 AM.
The price of oil was on track for steep weekly losses on Friday. Prices have fallen in recent sessions due to concerns about a decline in demand.
The U.S. oil benchmark, West Texas Intermediate crude futures, is down 10.5% for the week.
There is a person named Pippa Stevens.
7:34 AM was the time on Fri., Aug 5th.
A rough start to the month has led to a decline in the prices ofCryptocurrencies. It is on pace to be the first negative week in five for the pair.
It would be the worst weekly performance since July 1, when the performance was the worst.
Carmen Reicke.
The day begins at 7:23 AM on Fri., August 5th.
The Warner Bros. premiere of "The Suicide Squad" was held on August 2, 2021.
Filmmagic has Axelle and bauer-griffin.
On Fri., August 5th at 6:00 AM, there will be a public event.
Barry Bannister raised his target for the second half of the S&P 500 to 4,400 from 4,200, noting that he still prefers growth stocks.
Two reasons were given for the target boost.
The target implies upside from Thursday.
Fred Imbert is a person.
On Fri., August 5, 2022, 4:07 AM
The European markets were little changed on Friday morning as investors waited for the U.S. jobs report.
In early trade, the pan- European Stoxx 600 was not changed. Insurance stocks fell while autos rose.
Individual share price movements in Europe are driven by earnings. The companies that were reporting before the bell on Friday were:
The man is named "Elio Smith."
On Fri., Aug 5, it will be 13:05 AM.
The markets in Asia-Pacific rose on Friday as investors shrugged off fears over China's military exercises near Taiwan.
Outside of Japan, the broadest index of Asia-Pacific shares rose 0.74%. The Shenzhen Component increased by 0.64%.
The Taiex in Taiwan went up more than 2%.
Taiwan depends more on China than the US, according to official data. In the year 2021, 22% of Taiwan's imports were from mainland China and Hong Kong.
Taiwan is a self-ruled island that China sees as a rebel province.
The person is Evelyn Cheng.
It was 6:14PM on Thursday, August 4th.
If Friday's jobs report shows that the U.S. economy added fewer workers in July than the previous month, it isn't necessarily a sign of economic weakness.
"If we see a reduction in hiring, even at the expected number, it looks more likely to be due to a shortage of workers, rather than a sudden shock to labor demand." Labor availability is what matters here.
The name of the person is Yun Li.
The time is 6:22 PM.
A relief rally in the market has been triggered by the Fed's commitment to bring down inflation. The S&P 500 is now 14.2% higher than it was when it was at its lowest point. The benchmark index gained more than 9% in July, its best month in more than a year.
Some on Wall Street don't think the rally can last long. Max Kettner, chief multi-asset strategist at HSBC Bank said the comeback is "wishful thinking" and he would need to see further repricing of rate hike expectations and another sharp drop in real yields to believe it
Mike Wilson from Morgan Stanley called the rally a short-lived one.
It was 6:51PM on Thursday, Aug 4th.
Consumer discretionary is leading the green week to date with a 2.9% gain.
Energy has fallen more than 8% this week and is on track for its worst week since June. There was a decline in energy names. It is on pace for its worst week of the year.
The name of the person is Yun Li.
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