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I'm wondering are they know what the Fed is thinking right now I mean you've got to -- wonder what the conversations are there I mean many blame -- for the weak dollar policy that we have now.
And now they're looking at an economy that frankly this administration overall promise us would be back by now -- and we are far from that.
-- far from back -- I really wonder what that discussion is right now because it seems that.
A lot of people are debating how much of this weaknesses temporary.
I think a lot of people want to believe that it's all tied to the the tsunami and nuclear disaster in Japan which cut into.
Parts production in Japan and limited some motor vehicle assemblies here in May -- -- in the semiconductor output.
And there's no doubt that there was some tempering influence from that could throw in the tornadoes you throw in the impact from higher gasoline prices.
But even accounting for all of that becoming wasn't that good before it slowed down.
So what makes people think it's gonna come roaring back I'm really surprised by folks that still have 4% GDP numbers penciled in for for 2012.
And I can be anywhere close to that.
But the economy that isn't isn't on the the edge of a -- either.
This report was bad I mean it came in below our expectations we had some of the what was that we're out here.
But it it it it's not cataclysmic.
-- we are going to see the numbers improve over the next couple of months you're still gonna be pretty soft but they are going to improve a little bit.
And we got pretty decent wage growth average hourly earnings increased.
In the total number of hours worked rose so it looks like personal -- -- was half a percent.
Even with these dismal employment numbers.
Well mark I certainly am sorry -- apologize for five insulting your estimates but everybody pretty much did miss the boat as you mentioned even though you're at her lower let me go to Ted Parrish -- you know we've had it at that so far for the first quarter.
Two quarters of this year decent earnings.
Returns from a lot of these major company's.
But I'm wondering if -- -- is now gonna shift and equity investors are gonna have to finally take notice that may be stocks are gonna stop performing a way to had been.
Always stand a pull back and I think it was probably about time to see a slight pullback in the markets but.
Overall as general theme of a better earnings it has held intact I mean if you look at all -- estimates for the second quarter they've come up in the first quarter actually beat.
They -- -- this happened to full year 2011.
Numbers look pretty good for first stocks in general so I.
How that may end up -- how -- -- possible -- when you've gotten you've got major companies that are not hiring right now.
That excess of enemy about the fact that they're concerned that with both with a -- economy business won't pick up that's what the job number tells us tech.
Well that helps their bottom lines I mean they they're still very efficient I expect to see a good productivity number in the second quarter.
I mean companies aren't -- but they get to the point where they're gonna have to I think that this sales figures.
-- growing and that's that's organic growth so it's not this.
Earnings gains from it efficiency gains his actual sales go -- is demand.
We focus on global companies because you know the global picture is and how does more I don't think the US Spitzer is totally dismal.
Me is what we're at a point now where I'm never gonna have to see companies have look at nothing they're gonna run -- ball near the capacities.
Why -- got -- on dig it out with the multinationals that we do cut continue to see strong performance of those in particular with the weaker dollar but overall Jim freshly.
Is still seems to me if we focus on the US picture only.
That we've got a pretty negative number to look at today in Oakland what does this mean for the rest of that third quarter fourth quarter when it.
Seeking country I mean we along with a lot of folks who we're really looking at this number and and I think the concern was -- there was vulnerability if the numbers.
Just expectations and and the fact of the number got -- number was bad.
Armed the -- -- hit the manufacturing the economic releases -- have been negative and I think this is kind of the next this what you were hoping would be -- counterbalance and it hasn't been so.
I know the buzzword out there the president talk about it a lot of bullish comments about -- temporary.
But but my concern is that I actually feel that the slog and and then not tying this to take to recoup some of these jobs as much longer than people are estimate.
Want say what doesn't and that's where that's coming up the next phrases double dip recession and minute and is so much for any have a recovery.
And -- housing nobody giving you but now we're talking -- QE3.
Can you say QE3 I don't want to I think Harry finally got -- And the question.
This morning -- Bill -- was on radio saying.
He doesn't believe will happen but I've spoken to justice and at this several comments this morning not a high profile is bill certainly but he always credible who say that there's a likelihood that it could have.
Happen and not as a form of stimulus but just to keep us from falling through the bottom so it's getting very scared.
Found -- -- -- say you know.
-- you know I actually talked to some -- -- -- recently.
And they basically said that they didn't think we were gonna do it can be very no matter what happen -- -- I think -- started to realize that.
That's not the answer -- we need some help from Washington that's where the problem is right now we've got to get this budget situation.
Under control we've got to get this health care situation under control this is creating a freezing.
In the economy and an analyst with double those jobs never lets say you know -- -- it was impacted by the storms -- them back about let's double order for all the jobs growth.
Even giving you still coming in below the lowest expectation.
And you're not see any any driver what is going to be in the driver.
President Obama's prominent -- green jobs you know new energy jobs.
I don't see him and he's number I don't think -- -- I think you got to go back to the only energy jobs let's not talk about natural death.
You know he's done more -- slowed down job creation with -- regulation on the energy industry.
I -- -- drilling moratorium you know you don't let's start focusing on developing natural gas sector create jobs and very quickly but in the meantime I you know right now this is the math.
Well you know what market meaning -- -- the Obama administration has told us that that this extra stimulus.
What would actually taken employment rate lower we should have been according to the administration is 7% by now mark we are.
At nine point 1% unemployment.
Well I think that high speed rail just isn't a heist is just not a very -- to create jobs you know it's not it's got a great concept I love trains but.
But I really just it would seem that -- the big job you don't wanna waste waste your money on it out if -- -- think federal government is actually it's right now and we didn't we didn't see a lot of lost job losses.
In in federal when that we have seen a lot of layoffs the latest layoff numbers we got.
That were related aerospace and defense.
You know -- -- space shuttle program.
These are these are -- big big job cuts so.
So if anything governments actually -- a bit of a drag on the stimulus that's pretty much run its course this could be very hard for for the federal government.
Do much else -- them in in the wasted this is the political support just isn't there.
Not -- -- -- but at the same time some stimulus what may be with -- equities side would be a good thing not that -- Gonna happen but it's possible.
A couple of quick got a lot of traders agree with -- that you don't really need these.
Stimulus right just get it out of the way that's artificially inflating the market.
But it does keep it -- I didn't talk to Bobby -- -- on point executions.
He says the people gonna -- into the rally.
Last not least pertaining to the government dragging its feet -- stagnant speed obviously on our debt right deciding match and that's -- movies looking at a still closely our AAA rating and also an energy policy we need to clear energy policy.
Lot of traders someone like Ted -- -- -- back.
Lots Iowa in the cold is a lot to watch the markets they have busy day for you thank you see you thank you so it felt blood out Chicago for the rest the panel.
Will stay with me and and -- you have been listening to our experts we want to hear from you now though how secure are you in your job right now tell me what you think.
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