Listen: Wall Street rallies on rate cut hopes, trade optimism
"Big. Began to a big week for Wall Street, Joe, thanks to smaller than expected Johns numbers. The Dow is up two hundred eighty two points, NASDAQ is up one hundred twenty nine points, these SP's up thirty four. These are gains have north of one percent. Nasdaq is up almost one and three quarters percent. He's all adding up to the stock market's best week this year fueled by speculation. The Federal Reserve will have no choice but to cut interest rates the latest push in that direction comes from the weakest jobs growth in three months. Employers added seventy five thousand jobs in may and the Labor Department is some -tracting seventy five thousand jobs from the March and April"