Listen: Fed, Jason Brooks And Alario Peres Stepanov discussed on KCBS Radio Afternoon News
"X five another dive on Wall Street Jason Brooks on the KCBS money. Watch. The November jobs report came in with a weaker than expected gain of one hundred fifty five thousand jobs, the market is now focused on what this means for the fed meeting later this month, Morgan Stanley wealth advisors. Alario Peres Stepanov says the report should not sway a rate hike for this month, which would be the fourth of twenty eighteen fed has been very clear inconsistent that on a path to raise rates gradually, but she believes the fed may pause going into twenty nine thousand nine as it assesses the economy, but investor uncertainty over what the fed is going to do along with the ongoing trade war with China. Wade. On the stock market once again in what was just a brutal week for stocks. The Dow lost five hundred fifty eight points today to twenty four thousand three hundred eighty nine the NASDAQ dropped two hundred nineteen points to sixty nine sixty nine and the s&p tumbled sixty two points to twenty six thirty three apple was a major drag on the tech sector with its stock down three and a half percent of the money watch. Jason Brooks."