Jobs Report Surprise, Plus Reaction to Apple, Amazon and Alphabet Earnings 2/3/23
Carl Quintanilla, Jim Cramer and David Faber led off the show with news that surprised Wall Street: The January employment report shows the economy added 517,000 non-farm jobs, blowing well past economists' forecasts. The unemployment rate fell to 3.4%. What does it all mean for the markets and the Fed? The anchors engaged in a wide-ranging discussion about market reaction to quarterly results from Apple, Amazon and Google parent Alphabet. Should you buy into mega-tech? Also in focus: What Ford CEO Jim Farley told CNBC about his company's earnings miss, Nordstrom soars on a report that activist investor Ryan Cohen has taken a stake in the company, plus highlights from Jim's "Back to School Tour."
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