3 June, 2016 by The TZ Newswire Staff Comments Off on Cisco and IBM Team Up on IoT Services
Cisco and IBM Team Up on IoT Services
Cisco (NASDAQ: CSCO) and IBM (NYSE: IBM) recently announced a partnership to launch new Internet of Things services. Cisco will connect its edge analytics solutions, which analyze data at the edges of networks, to IBM’s Watson IoT platform and business analytics offerings.
3 June, 2016 by The TZ Newswire Staff Comments Off on Economic Report: The jobs report in one word: ‘Ouch’
Economic Report: The jobs report in one word: ‘Ouch’
What analysts are saying about the May employment data, which showed a much weaker-than-expected 38,000 jobs added in the month.
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3 June, 2016 by The TZ Newswire Staff Comments Off on Goldman Slashes Rate Hike Odds After "Awesomely Bad" Jobs Report
Goldman Slashes Rate Hike Odds After "Awesomely Bad" Jobs Report
Firts, a few notes from FTN on today’s report which the firm classified quite simply as “awesomely bad”:
U.S. Jobs ’Awesomely Bad’, Particularly Poor Timing
3 June, 2016 by The TZ Newswire Staff Comments Off on Capitol Report: Trump supporters assaulted after rally | Trump switches nickname to ‘Lyin’ Clinton | Gun control group backs Clinton
Capitol Report: Trump supporters assaulted after rally | Trump switches nickname to ‘Lyin’ Clinton | Gun control group backs Clinton
Donald Trump reassigns ‘Lyin’’ nickname to Hillary Clinton; Trump supporters assaulted after rally; gun control group backs Clinton; and more.
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3 June, 2016 by The TZ Newswire Staff Comments Off on Canada Trade Balance -37.4B vs. -41.0 billion
Canada Trade Balance -37.4B vs. -41.0 billion
Canada Labor productivity QoQ comes in at +0.4 vs +0.4%
The focus is on the US employment weak number.
3 June, 2016 by The TZ Newswire Staff Comments Off on US trade balance April -$37.4 bln vs -$41.0bln exp
US trade balance April -$37.4 bln vs -$41.0bln exp
US April trade balance data report 3 June 2016
– -$35.5bln prev revised up from -$40.4bln
Better reading and revision but all focus on the NFPs right now.
USD tumbling on the awful jobs data.
3 June, 2016 by The TZ Newswire Staff Comments Off on May non-farm payrolls +38K vs 160K expected
May non-farm payrolls +38K vs 160K expected
May 2016 non-farm payrolls report results
– Prior non-farm payrolls 160K (revised to 123K)
– Two-month net revision -59K
– Participation rate 62.6% vs 62.8% prior
This isn’t a good time to buy US dollar dips. There were worries the Verizon strike would cut 40K jobs but that still leaves 80K jobs missing, and another 59K lost for revisions.