The seasonal adjustment formulation is what it is and has been. If you don't believe in seasonal adjustment, then, you should look at the historic non-adjusted data set instead. What do you see this past week vs past years' same week? That data may be hard to find, how about vs say the same week in 2007 or 2008?
Initial Jobless Claims: -3K to 302K vs. 310K consensus, 305K prior (revised from 304K).
Continuing claims -79K to 2.57M.
They are already making nike and walmart apparels in Cambodia & Bangladesh ... they have been cultivating African cheap labor now.
Took me awhile to dig this out from John Sandford's 1991 thriller "The Empress File" ... a practice long established (written up 23 years ago in pop fiction:
"They fixed the districts so there'd be five thousand people in each one – one man, one vote, just like it's laid down by the law," John said. "One district covers the heart of the black side of town, five thousand people. Hardly a white among them. That district will always elect a black councilman. But when you take out those five thousand black votes, in one bloc, the whites are a majority in all the rest of the districts. There's about two thousand whites in each, and about fifteen hundred blacks."
John Sandford (2011-02-09T22:56:42.484000+00:00). The Empress File (Kindle Locations 296-297). Kindle Edition.
Well, the do-nuthin' congress should push legislation thru to shut down her gravy train then. How about raise her taxes on those "investments" to start.
rah, And Joel bought her line in 2008?
' ... Peggy Joseph, the Florida voter who became infamous during the 2008 presidential campaign for saying Barack Obama would “pay for my gas and my mortgage.” ...'
The Obama administration is calling for new legislation that will limit the benefits of U.S. companies which reincorporate overseas for tax benefits. In the last decade, 50 U.S. firms have relocated for tax inversions. Treasury Secretary Jacob Lew has written to congressional tax-writing committees stating lawmakers "should enact legislation immediately…to shut down this abuse of our tax system."
Yahoo misses by $0.01, misses on revenue
Yahoo (NASDAQ:YHOO): Q2 EPS of $0.37 misses by $0.01.
Revenue of $1.04B (-2.8% Y/Y) misses by $50M.
Shares -1.95% AH.
Intel beats by $0.02, beats on revenue
Intel (NASDAQ:INTC): Q2 EPS of $0.55 beats by $0.02.
Revenue of $13.83B (+8.0% Y/Y) beats by $140M.
Shares +2.21% AH.
well, we all go sometime - you and I included. Ralph is pretty old right and has no financial worries. Again, hope they keep the CEO & CB posts separate.
The LinkIn guy opened his Alliance book with message:
Imagine it’s your first day of work at a new company. Your manager greets you with warm enthusiasm, welcomes you to “the family,” and expresses her hope that you’ll be with the company for many years to come.
Then she hands you off to the HR department, who sits you down in a conference room and spends thirty
minutes explaining that you’re on a ninety- day probation period, and that even after that, you’ll be an “at
will” employee. “At any moment, you can be fired. For any reason, you can be fi red. Even if your boss has no
reason at all, you can be fired.”
Hewlett-Packard (NYSE:HPQ) announces that Chairman Ralph Whitworth has resigned from the company's board of directors in order to focus on his health.
A new chairman will be selected at the next board meeting.
Agree that we had the worst decade after Y2K and now may become of best in our generation. It is unfortunately that many in Main Street had left Wall Street after the back to back tech and housing bubbles.
Jobs gain of 288K; UE rate down to 6.1%
June Nonfarm Payrolls: +288K vs. consensus +212K, +224K previous (revised from 217K).
Unemployment rate: 6.1% vs. 6.3% consensus, 6.3% previous.
" ... in order to return to pre-recession employment level ..." Those jobs between 9/11 and 2007 were mostly bogus jobs created to support the housing bubble built on liar loans.
And of course, many have chosen to retire rather than going from making $200K a year with a real estate sales license to $30K a year as Walmart greeters.
S&P hitting new all time highs many multiple days in June and continuing in July:
Released On 7/3/2014 8:30:00 AM For Jun, 2014
Prior Consensus Consensus Range
Nonfarm Payrolls - M/M change 217,000 211,000 199,000 to 290,000
Unemployment Rate - Level 6.3 % 6.3 % 6.2 % to 6.3 %
NEW YORK (TheStreet) -- GoPro Inc. (GPRO_) was jumping on Thursday, rising as much as 31% to $31.43, as investors scrambled to get a piece of the video-camera maker popular with zealots of surfing, skiiing and other sports.
Shares of the San Mateo, California-based company rose 28% to $30.73 after shares were prices at $24 and opened at $28. GoPro raised roughly $427 million in an offering that values the company at $3 billion.
GoPro is expected to use the proceeds from its initial public offering to cash out some existing investors and pay off its $120 million debt.
Founder Nick Woodman created the first GoPro from a point-and-shoot camera, a broken surfboard leash and a couple of rubber bands. Now GoPro is a $2.25 billion company and has sold 8.5 million cameras since launching its first camera 2009. It sold 3.8 million cameras in 2013 alone, according to a government filing.
It was a good game and could have gone either way.
Besides the rain, the referee calls have swayed the game too much. American couch potatoes will never tolerate the fuzzy calls.
You meant to work for the Chinese by taking on the risks of pipeline ruptures/sabotage, toxins from refinery and ultimately ship the goods to China?