Hasbro CEO says toymaker’s turnaround is on track for 2019

Hasbro had “good growth” across multiple businesses in the first quarter and its gaming segment is gaining popularity, CEO Brian Goldner told CNBC on Tuesday. The toy retailer’s eventual closure led to a number of disappointing quarters for Hasbro. So, overall feeling that we made that kind of progress that we wanted to make toward profitable growth for 2019.” Hasbro has also been focused on building its digital platform to connect and engage with gamers. “We’ll roll Magic Arena out around the w


Hasbro had “good growth” across multiple businesses in the first quarter and its gaming segment is gaining popularity, CEO Brian Goldner told CNBC on Tuesday. The toy retailer’s eventual closure led to a number of disappointing quarters for Hasbro. So, overall feeling that we made that kind of progress that we wanted to make toward profitable growth for 2019.” Hasbro has also been focused on building its digital platform to connect and engage with gamers. “We’ll roll Magic Arena out around the w
Hasbro CEO says toymaker’s turnaround is on track for 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: tyler clifford
Keywords: news, cnbc, companies, progress, turnaround, game, share, ceo, toy, arena, toymakers, markets, 2019, number, track, magic, hasbro, digital, goldner


Hasbro CEO says toymaker's turnaround is on track for 2019

Hasbro had “good growth” across multiple businesses in the first quarter and its gaming segment is gaining popularity, CEO Brian Goldner told CNBC on Tuesday.

The toy and board game manufacturer reported earnings of 21 cents per share in its quarterly results, trouncing the 11 cents per share loss that analysts were expecting from the company.

“Our franchise brands were up. Our gaming business was up. Our emerging brands were up,” Goldner said in an interview with “Mad Money’s” Jim Cramer.

Hasbro, the host pointed out, took a hit when Toys R Us filed for bankruptcy about a year and a half ago and left the toymaker with excess inventory. The toy retailer’s eventual closure led to a number of disappointing quarters for Hasbro.

Goldner has been trying to turn the company around. The stock rallied more than 14% Tuesday and is now up nearly 24% this year.

“We’re seeing some great progress in our international markets. Our European business has moved ahead,” the CEO said. “We expected to see a turnaround in international markets and they were up … So, overall feeling that we made that kind of progress that we wanted to make toward profitable growth for 2019.”

Hasbro has also been focused on building its digital platform to connect and engage with gamers. About 700 million games have been played on Magic: The Gathering Arena, a digital adaption of the card game of the same name, Goldner said. The multiplayer collectible card game was launched on in the second half of 2018.

“We’re now in beta on Magic: The Gathering Arena and its continuing to increase in retention and engagement and monetization,” he said. “We’ll roll Magic Arena out around the world. You’ll see a number of new events and esports initiatives and new digital initiatives.”


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: tyler clifford
Keywords: news, cnbc, companies, progress, turnaround, game, share, ceo, toy, arena, toymakers, markets, 2019, number, track, magic, hasbro, digital, goldner


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Hasbro CEO says toymaker’s turnaround is on track for 2019

Hasbro had “good growth” across multiple businesses in the first quarter and its gaming segment is gaining popularity, CEO Brian Goldner told CNBC on Tuesday. The toy retailer’s eventual closure led to a number of disappointing quarters for Hasbro. So, overall feeling that we made that kind of progress that we wanted to make toward profitable growth for 2019.” Hasbro has also been focused on building its digital platform to connect and engage with gamers. “We’ll roll Magic Arena out around the w


Hasbro had “good growth” across multiple businesses in the first quarter and its gaming segment is gaining popularity, CEO Brian Goldner told CNBC on Tuesday. The toy retailer’s eventual closure led to a number of disappointing quarters for Hasbro. So, overall feeling that we made that kind of progress that we wanted to make toward profitable growth for 2019.” Hasbro has also been focused on building its digital platform to connect and engage with gamers. “We’ll roll Magic Arena out around the w
Hasbro CEO says toymaker’s turnaround is on track for 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: tyler clifford
Keywords: news, cnbc, companies, progress, turnaround, game, share, ceo, toy, arena, toymakers, markets, 2019, number, track, magic, hasbro, digital, goldner


Hasbro CEO says toymaker's turnaround is on track for 2019

Hasbro had “good growth” across multiple businesses in the first quarter and its gaming segment is gaining popularity, CEO Brian Goldner told CNBC on Tuesday.

The toy and board game manufacturer reported earnings of 21 cents per share in its quarterly results, trouncing the 11 cents per share loss that analysts were expecting from the company.

“Our franchise brands were up. Our gaming business was up. Our emerging brands were up,” Goldner said in an interview with “Mad Money’s” Jim Cramer.

Hasbro, the host pointed out, took a hit when Toys R Us filed for bankruptcy about a year and a half ago and left the toymaker with excess inventory. The toy retailer’s eventual closure led to a number of disappointing quarters for Hasbro.

Goldner has been trying to turn the company around. The stock rallied more than 14% Tuesday and is now up nearly 24% this year.

“We’re seeing some great progress in our international markets. Our European business has moved ahead,” the CEO said. “We expected to see a turnaround in international markets and they were up … So, overall feeling that we made that kind of progress that we wanted to make toward profitable growth for 2019.”

Hasbro has also been focused on building its digital platform to connect and engage with gamers. About 700 million games have been played on Magic: The Gathering Arena, a digital adaption of the card game of the same name, Goldner said. The multiplayer collectible card game was launched on in the second half of 2018.

“We’re now in beta on Magic: The Gathering Arena and its continuing to increase in retention and engagement and monetization,” he said. “We’ll roll Magic Arena out around the world. You’ll see a number of new events and esports initiatives and new digital initiatives.”


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: tyler clifford
Keywords: news, cnbc, companies, progress, turnaround, game, share, ceo, toy, arena, toymakers, markets, 2019, number, track, magic, hasbro, digital, goldner


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Turkish central bank needs to be ‘fully independent,’ IMF’s Europe director says

Economic and political developments in Turkey have had investors worried for more than a year now. One of the country’s most immediate needs if it wants to get its house in order is to ensure total independence of its central bank, according to the man who led the bailouts of Greece, Portugal, Iceland and Ukraine during the Great Recession. “So we welcome the increase we’ve seen in interest rates in the last six to seven months, but it’s important that the Turkish central bank be allowed to be f


Economic and political developments in Turkey have had investors worried for more than a year now. One of the country’s most immediate needs if it wants to get its house in order is to ensure total independence of its central bank, according to the man who led the bailouts of Greece, Portugal, Iceland and Ukraine during the Great Recession. “So we welcome the increase we’ve seen in interest rates in the last six to seven months, but it’s important that the Turkish central bank be allowed to be f
Turkish central bank needs to be ‘fully independent,’ IMF’s Europe director says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: natasha turak, chris mcgrath, getty images
Keywords: news, cnbc, companies, fully, director, central, bank, europe, number, turkish, needs, independence, challenges, monetary, imfs, independent, policy


Turkish central bank needs to be 'fully independent,' IMF's Europe director says

Economic and political developments in Turkey have had investors worried for more than a year now.

One of the country’s most immediate needs if it wants to get its house in order is to ensure total independence of its central bank, according to the man who led the bailouts of Greece, Portugal, Iceland and Ukraine during the Great Recession.

“Turkey faces a number of challenges, and one of them is that the central bank needs to be fully independent so it can continuously assess and tighten policies as circumstances change in a forward-looking manner,” Poul Thomsen, director of the International Monetary Fund’s Europe department, told CNBC’s Joumanna Bercetche during the IMF Spring Meetings in Washington, D.C. over the weekend.

“So we welcome the increase we’ve seen in interest rates in the last six to seven months, but it’s important that the Turkish central bank be allowed to be fully independent in its assessment of monetary policy in addition to a number of other challenges on fiscal policy, and more transparency.”

Turkey’s economy is already in recession, rocked last year after fears over government interference into central bank independence, over-leveraged banks, a large current account deficit and a diplomatic spat with the U.S. triggered investor and capital flight. The lira lost 36 percent of its value against the dollar by the end of 2018.


Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: natasha turak, chris mcgrath, getty images
Keywords: news, cnbc, companies, fully, director, central, bank, europe, number, turkish, needs, independence, challenges, monetary, imfs, independent, policy


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Census of Agriculture shows continued decline in number of US farms

The 2017 Census of Agriculture released Thursday shows the amount of total land devoted to agricultural use continues to decline in the U.S. and the number of farms is declining. According to the U.S. Department of Agriculture, there were 2.04 million farms and ranches in the U.S. in 2017, down more than 3% from 2012. It said the land devoted to agriculture declined by about 2% to 900.2 million acres from 914.5 million acres in 2012. The census shows the average size of farms in 2017 was 441 acr


The 2017 Census of Agriculture released Thursday shows the amount of total land devoted to agricultural use continues to decline in the U.S. and the number of farms is declining. According to the U.S. Department of Agriculture, there were 2.04 million farms and ranches in the U.S. in 2017, down more than 3% from 2012. It said the land devoted to agriculture declined by about 2% to 900.2 million acres from 914.5 million acres in 2012. The census shows the average size of farms in 2017 was 441 acr
Census of Agriculture shows continued decline in number of US farms Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: jeff daniels, scott olson, getty images news, getty images
Keywords: news, cnbc, companies, farms, continued, shows, 2017, census, research, agriculture, million, total, ranches, decline, acres, number


Census of Agriculture shows continued decline in number of US farms

The 2017 Census of Agriculture released Thursday shows the amount of total land devoted to agricultural use continues to decline in the U.S. and the number of farms is declining.

According to the U.S. Department of Agriculture, there were 2.04 million farms and ranches in the U.S. in 2017, down more than 3% from 2012. It said the land devoted to agriculture declined by about 2% to 900.2 million acres from 914.5 million acres in 2012.

“We had really high levels of acreage in the 1980s, and then we ended up putting away 25 million to 30 million acres into the Conservation Reserve Program,” said Joseph Glauber, a senior research fellow at the International Food Policy Research Institute and a former chief economist at the USDA.

The census shows the average size of farms in 2017 was 441 acres, slightly above 434 acres in the 2012 census. The report indicated 96% of farms and ranches in the nation are family-owned.

Also it shows there were about 273,000 small farms, of 1-9 acres, in 2017, representing just 0.1% of all farmland in the U.S. It added that 85,127 large farms, of 2,000 or more acres, made up nearly 60% of total farmland.

There were 76,865 farms making $1 million or above in 2017 and another 1.56 million operations generating under $50,000. Out of the total value of production of $389 billion in 2017, two-thirds of it came from farms making $1 million or more.

Finally, the average age of agriculture producers was 57.5 in 2012, up 1.2 years from 2012. The latest census also indicated 36% of all producers are female.


Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: jeff daniels, scott olson, getty images news, getty images
Keywords: news, cnbc, companies, farms, continued, shows, 2017, census, research, agriculture, million, total, ranches, decline, acres, number


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Teen workers are returning to restaurants, but the industry is still scrambling for employees

Teenagers are coming back to the restaurant workforce, but restaurants are still scrambling for workers, according to a National Restaurant Association report released Monday. However, the labor force participation rate of teens has stagnated since 2016, meaning that the restaurant industry has managed to nab teenage workers from other industries. The Department of Labor’s Bureau of Labor Statistics found that 1.7 million teens worked in restaurants in 2018, the same number as 2007. The Bureau o


Teenagers are coming back to the restaurant workforce, but restaurants are still scrambling for workers, according to a National Restaurant Association report released Monday. However, the labor force participation rate of teens has stagnated since 2016, meaning that the restaurant industry has managed to nab teenage workers from other industries. The Department of Labor’s Bureau of Labor Statistics found that 1.7 million teens worked in restaurants in 2018, the same number as 2007. The Bureau o
Teen workers are returning to restaurants, but the industry is still scrambling for employees Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: amelia lucas, yinyang, getty images
Keywords: news, cnbc, companies, industry, scrambling, restaurants, restaurant, workforce, returning, teenagers, number, employees, statistics, older, labor, teens, teen, workers


Teen workers are returning to restaurants, but the industry is still scrambling for employees

Teenagers are coming back to the restaurant workforce, but restaurants are still scrambling for workers, according to a National Restaurant Association report released Monday.

The number of restaurant employees between the ages of 16 and 19 years old has ticked back up to pre-2007 levels, right before the financial crisis. However, the labor force participation rate of teens has stagnated since 2016, meaning that the restaurant industry has managed to nab teenage workers from other industries. For example, retail has been plagued by store closures, which translates into fewer retail jobs for teens.

The Department of Labor’s Bureau of Labor Statistics found that 1.7 million teens worked in restaurants in 2018, the same number as 2007.

“This really is a reflection of the tight labor market right now. Wages are increasing for the low-wage workers, which is drawing people off the sidelines into a very accessible industry,” Daniel Zhao, Glassdoor senior economist, said, in an interview.

However, 41.3% of teens held a job in 2007. Last year, that number dropped to 35.1% as the teen labor force has struggled to fully recover post-financial crisis. Instead, teenagers are beefing up their resumes with community service and summer classes, which means less free time for a job.

Despite the uptick in teenage restaurant employment, the number is expected to shrink based on long-term projections. The Bureau of Labor Statistics is predicting that the number of teenagers in the labor force will drop by 600,000 between 2016 and 2026.

At the same time, the number of older workers joining the restaurant workforce has also increased and is projected to keep growing. Adults aged 55 years or older working in restaurants rose by 70 percent between 2007 and 2018. Teens used to outnumber the demographic 3 to 1. Now the ratio has narrowed to 2 to 1, according to the NRA.

“It’s largely due to the fact that people are living longer for one. So as health-care costs increase and as people’s financial needs increase, they need to work longer in order to sustain their lifestyles,” Zhao said, adding that another potential contributing factor is Americans saving less for retirement.

The Bureau of Labor Statistics is predicting that adults 65 years or older will be the fastest-growing component of the American workforce over the next decade.


Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: amelia lucas, yinyang, getty images
Keywords: news, cnbc, companies, industry, scrambling, restaurants, restaurant, workforce, returning, teenagers, number, employees, statistics, older, labor, teens, teen, workers


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Tennis number one Naomi Osaka joins Serena Williams at Nike

Tennis world number one Naomi Osaka has agreed a deal with sportswear giant Nike. The Japanese star, who had previously been tied to rival Adidas, will first wear Nike gear at the Stuttgart Grand Prix, which begins on April 22. “I’m proud to become a member of the Nike family and excited about getting involved in all of the opportunities Nike has to offer,” said Osaka in the statement on Nike’s website. When she overcame Serena Williams in the U.S. Open final at Flushing Meadow in September, Osa


Tennis world number one Naomi Osaka has agreed a deal with sportswear giant Nike. The Japanese star, who had previously been tied to rival Adidas, will first wear Nike gear at the Stuttgart Grand Prix, which begins on April 22. “I’m proud to become a member of the Nike family and excited about getting involved in all of the opportunities Nike has to offer,” said Osaka in the statement on Nike’s website. When she overcame Serena Williams in the U.S. Open final at Flushing Meadow in September, Osa
Tennis number one Naomi Osaka joins Serena Williams at Nike Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: adam reed, sean m haffey, getty images, tim clayton corbis via getty images
Keywords: news, cnbc, companies, japanese, joins, williams, tennis, number, grand, win, osaka, open, writing, serena, slam, naomi, nike, titles


Tennis number one Naomi Osaka joins Serena Williams at Nike

Tennis world number one Naomi Osaka has agreed a deal with sportswear giant Nike.

Osaka has been on an incredible run of form in the past year, which has seen her win her first and second Grand Slam titles back-to-back at last year’s U.S. Open and more recently at the Australian Open in January.

The Japanese star, who had previously been tied to rival Adidas, will first wear Nike gear at the Stuttgart Grand Prix, which begins on April 22.

“I’m proud to become a member of the Nike family and excited about getting involved in all of the opportunities Nike has to offer,” said Osaka in the statement on Nike’s website.

“Nike has a legendary track record of writing history and I look forward to being a part of those moments for many years to come.” the 21-year-old went on to say.

When she overcame Serena Williams in the U.S. Open final at Flushing Meadow in September, Osaka became the first Japanese player to win one of the four major tennis titles. She then backed that victory up by winning the first Grand Slam of 2019 as well, defeating Petra Kvitova in Melbourne.


Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: adam reed, sean m haffey, getty images, tim clayton corbis via getty images
Keywords: news, cnbc, companies, japanese, joins, williams, tennis, number, grand, win, osaka, open, writing, serena, slam, naomi, nike, titles


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Gender pay gap widens at almost half of UK firms

The gender pay gap widened at almost half of British firms in 2018, according to an analysis of new data. U.K. firms with at least 250 employees were legally required to submit their pay gap data to the government by Thursday. The median pay gap is calculated by comparing the discrepancy in pay between a company’s middle-ranking male and female workers. The company said in its latest gender pay gap report that its numbers reflected a low number of female pilots. In Credit Suisse’s latest gender


The gender pay gap widened at almost half of British firms in 2018, according to an analysis of new data. U.K. firms with at least 250 employees were legally required to submit their pay gap data to the government by Thursday. The median pay gap is calculated by comparing the discrepancy in pay between a company’s middle-ranking male and female workers. The company said in its latest gender pay gap report that its numbers reflected a low number of female pilots. In Credit Suisse’s latest gender
Gender pay gap widens at almost half of UK firms Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: chloe taylor, cultura rm, matelly, getty images
Keywords: news, cnbc, companies, data, gender, pay, report, number, female, firms, widens, half, uk, gap, median


Gender pay gap widens at almost half of UK firms

The gender pay gap widened at almost half of British firms in 2018, according to an analysis of new data.

U.K. firms with at least 250 employees were legally required to submit their pay gap data to the government by Thursday.

The data, available from the U.K. government website, showed that almost 80 percent of firms had a gender pay gap that favored men, while 14% of firms paid their female employees more than men.

On average, men were paid 11.8% more than women in the U.K. last year, based on a list of companies with more than 250 employees.

The median pay gap is calculated by comparing the discrepancy in pay between a company’s middle-ranking male and female workers.

According to a BBC analysis of the data, the pay gap widened at 45% of British firms in 2018, while 7% of companies reported no change.

Ryanair was ranked among the worst performers, with a median pay gap of 64%.

The company said in its latest gender pay gap report that its numbers reflected a low number of female pilots.

“Although it is a global feature of the aviation industry that more males than females choose to enter the pilot profession, we continue to see a welcome increase in the number of female pilot applicants,” the airline said. “In the past year we have doubled the number of female pilots in the U.K. and are committed to continuing this growth in the coming years.”

Other companies with gender pay gaps above the 11.8% average included Credit Suisse, which had a gap of more than 29% in the U.K., and luxury fashion brand Chanel, which had a median pay gap of more than 13%, according to the data.

In Credit Suisse’s latest gender pay gap report, published in March, U.K. CEO David Mathers admitted the bank’s pay gap was “far from good enough.”

“The principal reason for this disparity has been well covered in the media over the past 12 months: there are not enough senior women in financial services organisations,” he said. “As an industry, we have to work together as a whole to effect change and recognize that it is only by every employer playing their part that permanent change will begin to shine through.”

Clothing retailer Primark, which employs more than 20,000 people in the U.K., reported an equal hourly wage for its middle-paid male and female workers. In its 2017 gender pay gap report, the company acknowledged that while it employed more female retail assistants, the majority of its senior positions were held by men.

Spokespersons for Ryanair, Chanel and Primark were not immediately available for comment when contacted by CNBC.


Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: chloe taylor, cultura rm, matelly, getty images
Keywords: news, cnbc, companies, data, gender, pay, report, number, female, firms, widens, half, uk, gap, median


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Strong jobs number dashes recession fears and shows Fed it does not need to move on rates

Treasury yields slipped immediately after the March jobs report’s weaker wage gains, but then rebounded as traders focused on the growth aspects of the job gains. Ed Keon, chief market strategist at QMA, said the wage gains were “solid but a little bit off its peak.” Manufacturing lost 6,000 jobs while big gains were seen in health care, with 49,000 jobs, and professional and technical services, up 34,000. Swonk said she still sees a risk of a recession for next year, but the surprisingly soft F


Treasury yields slipped immediately after the March jobs report’s weaker wage gains, but then rebounded as traders focused on the growth aspects of the job gains. Ed Keon, chief market strategist at QMA, said the wage gains were “solid but a little bit off its peak.” Manufacturing lost 6,000 jobs while big gains were seen in health care, with 49,000 jobs, and professional and technical services, up 34,000. Swonk said she still sees a risk of a recession for next year, but the surprisingly soft F
Strong jobs number dashes recession fears and shows Fed it does not need to move on rates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: patti domm
Keywords: news, cnbc, companies, gains, rates, report, slowdown, number, growth, rate, economy, market, shows, fears, good, recession, does, need, fed, strong, wage, jobs


Strong jobs number dashes recession fears and shows Fed it does not need to move on rates

Six experts on what March’s strong job numbers mean for the US economy 1 Hour Ago | 05:11

March’s jobs growthpowered back to a more normal level of 196,000, after February’s weakness, suggesting some of the first-quarter slowdown is fading.

The better-than-expected March payrolls, combined with February’s revised but still shockingly low 33,000 jobs and January’s above trend 312,000, brings the three-month average to a healthy 180,000 jobs per month. That is lower than the 223,000 in 2018, but in line with a solid labor market in a growing economy.

Economists had been expecting 175,000 jobs for March. The unemployment rate remained at 3.8% as expected. One source of weakness in the report was the lower-than-expected wage gain of just 0.1%, following February’s stronger than expected gain of 0.4%.

Overall, however, the March employment report has become the latest in a series of better data this week, including stronger home sales and a pickup in ISM manufacturing activity. Recession fears have been fading as economists have been nudging up their expectations for GDP growth, with some seeing over 2% in the first quarter from earlier forecasts closer to 1% or lower.

“The demise of the U.S. economy has been greatly exaggerated,” said Ward McCarthy, chief financial economist at Jefferies. McCarthy said this year’s first quarter is following the pattern of typically weaker growth at the start of the year followed by a rebound.

Treasury yields slipped immediately after the March jobs report’s weaker wage gains, but then rebounded as traders focused on the growth aspects of the job gains. Stocks traded higher, and the dollar was flattish after fluctuating.

“I think this is a positive number for risk,” said Brian Daingerfield, head of G10 foreign exchange strategy at NatWest. “It’s a good combination of strong employment numbers and soft wage or inflation numbers. It allays concerns about a slowdown in U.S. growth. You have strong growth but not necessarily enough to force a market repricing toward a more hawkish Fed.”

Ed Keon, chief market strategist at QMA, said the wage gains were “solid but a little bit off its peak.”

“I do think that number is likely to rise but not enough to really ignite inflation fears or get the Fed back into hiking mode,” he said. “Overall, it’s a good solid report that should be good for stocks but not as much for bonds.”

Even though fears of a U.S. recession are fading, the growth pace is clearly slower than the more than 3% level in the middle of last year. First-quarter growth was tracking at about 2% and economists expect growth just above 2.5% in the second quarter.

“The pace of gains has slowed. We have seen a slowdown in the pace of job gains, which is to be expected with slower economic growth,” said Diane Swonk, chief economist at Grant Thornton. She also said the shutdown of a GM plant in Ohio was a drag on manufacturing jobs, as she expected. Manufacturing lost 6,000 jobs while big gains were seen in health care, with 49,000 jobs, and professional and technical services, up 34,000.

Swonk said she still sees a risk of a recession for next year, but the surprisingly soft February jobs report was not signaling slowdown. “The bad number for February was a bad number for February. There was still a big weather effect on construction, lots of losses in construction. It was in reaction to the extremely good January. I just look at it as a moving average. The moving average is moving down,” she said.

But while it’s a slower trend, she said the March report was still good. “We’ve got low wage workers still gaining wages and more middle and upper management jobs. That’s good. That’s a better quality overall,” she said.

“We’re back to 2% [growth]. It’s not a recession. This is a healthy labor market, and it means more from the low levels of unemployment we’re at than earlier in cycle, as well,” she said.

In the fed funds futures market, traders continued to bet on a partial rate cut for 2019. Just over a week ago, the market was pricing in a quarter point, or 25 basis points of easing, but that level fell to just 15 basis points of easing, according to Jon Hill, rate strategist with BMO.

The jobs report basically left the market view of the Fed’s stance unchanged, Hill said. The Fed last month had eliminated its forecast for rate hikes this year, and now expects no change in rates for 2019. As market worries about a recession grew in recent weeks, traders looked for more of a rate cut but some of those concerns have been allayed by improving data and progress in U.S.-China trade talks.

“The Fed’s patient stance is cemented by the softer inflation reading but the growth side of this, the jobs gain was healthy,” said Daingerfield.

McCarthy said he was not concerned about the lower wage gain because of the better than expected 0.4% gain in February. He also pointed out that growth in wages for lower paid, nonsupervisory personnel was 0.3% higher in March.

While the economy has clearly slowed from last year’s pace, it is now less at risk of fall to a subtrend growth rate, barring an exogenous shock.

“The risk for the US economy is mostly from a slowdown in the world economy with Brexit, Europe and China worries paramount in the minds of Fed officials,” wrote Chris Rupkey, chief financial economist at MUFG Union Bank. “The US economy continues to remain an island of relative prosperity however, and with the Federal Reserve backing off its gradual pace of rate hikes, the outlook for growth this year is a positive one.”


Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: patti domm
Keywords: news, cnbc, companies, gains, rates, report, slowdown, number, growth, rate, economy, market, shows, fears, good, recession, does, need, fed, strong, wage, jobs


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MIT, Harvard study: Want your kids to be successful? Do this 1 thing

Every parent knows that raising a child can feel tantamount to a competitive sport. And while competitive parenting is widely condemned, we ultimately just want our children to live happy and successful lives. Thanks to modern science, there are a number of effective — yet obvious — strategies to smart parenting. One study from Harvard even suggested that skilled communicators typically turn out to be great negotiators. In turn, they “recognize the importance of expanding the pie of value for al


Every parent knows that raising a child can feel tantamount to a competitive sport. And while competitive parenting is widely condemned, we ultimately just want our children to live happy and successful lives. Thanks to modern science, there are a number of effective — yet obvious — strategies to smart parenting. One study from Harvard even suggested that skilled communicators typically turn out to be great negotiators. In turn, they “recognize the importance of expanding the pie of value for al
MIT, Harvard study: Want your kids to be successful? Do this 1 thing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: tom popomaronis, amy aldrete
Keywords: news, cnbc, companies, parenting, widely, harvard, kids, typically, value, turn, mit, successful, skills, number, children, study, competitive, thing


MIT, Harvard study: Want your kids to be successful? Do this 1 thing

Every parent knows that raising a child can feel tantamount to a competitive sport. And while competitive parenting is widely condemned, we ultimately just want our children to live happy and successful lives.

Thanks to modern science, there are a number of effective — yet obvious — strategies to smart parenting. But last year, a group of researchers at MIT, Harvard and the University of Pennsylvania found that one of the best things parents can do for their children is to have frequent back-and-forth exchanges with them.

The findings suggest that doing this at an early age (typically between ages 4 to 6) will help develop, foster and improve what is perhaps one of the most important skills that contribute to success in life: Communication.

What’s more, a number of studies have supported the idea that children with stronger communication skills are more likely to have healthier relationships, longer marriages, higher self-esteem and overall satisfaction in life.

One study from Harvard even suggested that skilled communicators typically turn out to be great negotiators. In turn, they “recognize the importance of expanding the pie of value for all parties at the table. In the process, they claim more money for themselves.”


Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: tom popomaronis, amy aldrete
Keywords: news, cnbc, companies, parenting, widely, harvard, kids, typically, value, turn, mit, successful, skills, number, children, study, competitive, thing


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Cramer’s game plan: The March jobs number was enough to dim recession worries

The March employment report was good enough to dim worries about a recession and not rattle the Federal Reserve, CNBC’s Jim Cramer said Friday. Wage growth, however, eased a bit, increasing just 0.14%. “As investors in the stock market, a labor report that shows strong growth with little wage growth is really the perfect combination,” Cramer said. Great for the stock market, though.” Cramer said the market didn’t run very high because “we’ve been up for seven straight days—there was a lot of mon


The March employment report was good enough to dim worries about a recession and not rattle the Federal Reserve, CNBC’s Jim Cramer said Friday. Wage growth, however, eased a bit, increasing just 0.14%. “As investors in the stock market, a labor report that shows strong growth with little wage growth is really the perfect combination,” Cramer said. Great for the stock market, though.” Cramer said the market didn’t run very high because “we’ve been up for seven straight days—there was a lot of mon
Cramer’s game plan: The March jobs number was enough to dim recession worries Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: tyler clifford
Keywords: news, cnbc, companies, game, recession, growth, plan, nonfarm, money, stock, report, cramers, strong, market, worries, dim, right, jobs, wage, number


Cramer's game plan: The March jobs number was enough to dim recession worries

The March employment report was good enough to dim worries about a recession and not rattle the Federal Reserve, CNBC’s Jim Cramer said Friday.

“The Labor Department’s nonfarm payrolls report gave you some goldilocks numbers, alright, with just the right amount of job growth and just the right amount of wage inflation, meaning robust and meager respectively,” the “Mad Money” host said.

The U.S. economy added 196,000 jobs, topping estimates for 175,000, and unemployment maintained a 3.8% rate. The number was a rebound from February’s abysmal 20,000 addition to nonfarm payrolls.

Wage growth, however, eased a bit, increasing just 0.14%.

“As investors in the stock market, a labor report that shows strong growth with little wage growth is really the perfect combination,” Cramer said. “Of course, it’s not so great if you work for a living and were hoping for a raise. Great for the stock market, though.”

The Dow Jones Industrial Average rose more than 40 points during the session. The S&P 500 and Nasdaq both gained about 0.50%.

Cramer said the market didn’t run very high because “we’ve been up for seven straight days—there was a lot of money betting to get a strong jobs number. In other words, it was already baked in.”

Here’s Cramer’s game plan for next week:


Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: tyler clifford
Keywords: news, cnbc, companies, game, recession, growth, plan, nonfarm, money, stock, report, cramers, strong, market, worries, dim, right, jobs, wage, number


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