Listen: Bloomberg, Jeff Bellinger And Lyle Brainerd discussed on Bloomberg Best
"This is a Bloomberg market minute. Stocks closed out a losing week with steep Friday. Declines the Dow Jones industrials fell five hundred fifty nine points or two and a quarter percent at twenty four thousand three hundred eighty eight the NASDAQ lost to. Hundred nineteen points or three percent, the S and P five hundred closed sixty three points or two and a third percent lower. The Labor Department says employers added one hundred fifty five thousand workers to payrolls and November economists were expecting a bigger number, but they say the job market remained strong. The unemployment rate stayed three point seven percent. Michael darva of 'em, KM holdings. Talk to Bloomberg radio about the increase in workers wages above three year over year above the rate of inflation. Anyway, you measure it it's not robust, but you know, what productivity has been weak and darter said the wage growth is in line with productivity gains Federal Reserve, governor Lyle Brainerd spoke at a conference in Washington, saying gradual interest rate increases are still appropriate. Jeff Bellinger, Bloomberg radio asset managers who."