Video Of The Day: CNBC – Jobs Unveils iPad 2
CNBC’s Jon Fortt has the story on Apple’s Steve Jobs taking the stage today to unveil the new iPad.
Archive for March 2nd, 2011
ADP Employment Rose 217,000 In February
ADP Employment rose 217,000 in February vs. revised (up 2,000) gain of 189,000 in January.
This was widely off the mark in recent months, but if we judge just on this nonfarm payrolls on Friday (rule of thumb) could be slightly lower than 193.000 consensus.
Challenger Job-Cuts For February At 50,702
Challenger’s count of layoff announcements was reported at 50,702 in February vs. 38,519 in January.
Slightly up…
MBA Mortgage Applications Fell 6.5%
MBA mortgage applications fell 6.5%; Prior reading was an increase of 13.2%; On year level MBA Basic Index is down 29.3%.
Morning Reading – Wednesday, March 2, 2011
*** FT BeyondBRICs: Gulf: no escape from contagion fears ***
*** Roubini Global Economics: Why Portugal Needs a Bailout in One Chart ***
*** FT Alphaville: Portugal, a broken debt market ***
*** Felix Salmon: When Goldman’s board meetings leaked ***
*** The Big Picture: Marc Faber Interview ***
*** FT Alphaville: Brazil’s balance sheet, oil, and the BRL ***