PacbI'm loaded enough on that one I'm just gonna let it run its course I got these other plays like pacb and ipob offsetting whatever it does but man I'm mostly loading on ARKK and ARKF and my M1s.
ARKK OVER 100 now I saw
Boiler Room: The Official Stock Market Discussion
Jobless claims were worse than expected amid slowdown in hiring
KEY POINTS
U.S. weekly jobless claims total 840,000, vs 825,000 estimate
First-time claims for unemployment benefits totaled 840,000 last week, higher than expected in another sign that the spike in job growth over the summer has cooled heading into Election Day.
Economists surveyed by Dow Jones had been expecting 825,000 new claims.
Though the total was a bit worse than Wall Street expected, it still represented a modest decline from the upwardly revised 849,000 from a week earlier. It also was the lowest level of claims since the virus-induced shutdown in mid-March.
Claims have been above 800,000 every week since the World Health Organization declared the coronavirus a pandemic, leading to the shutdown of the U.S. economy.
However, continuing claims again fell sharply, dropping by just over 1 million to 10.98 million, according to the Labor Department release. Continuing claims trail the headline weekly claims number by a week.
The insured unemployment rate, a basic measure of the workforce compared with those collecting benefits, also slid to from 8.2% to 7.5%, its lowest since March 28.
“The decline in continuing claims is welcome, but initial claims offer a better read on the real-time state of the labor market, and the downward trend has stalled, more or less,” said Ian Shepherdson, chief economist at Pantheon Macroeconomics.
The numbers come a week after the Labor Department reported that nonfarm payrolls rose by 661,000, a total well below Wall Street estimates of 800,000. The unemployment rate fell to 7.9%, but that was largely the product of a drop in the labor force participation rate.
Despite the persistently high level of jobless claims, a White House official said the economy continues on a clear recovery path.
“The economy is entering into a boom and growth looks great,” Joseph LaVorgna, an advisor to President Donald Trump and chief economist on the National Economic Council, told CNBC’s “Squawk on the Street.”
LaVorgna posted to a host of other economic data points, including GDP growth that looks poised to eclipse 30% annualized in the third quarter, as evidence that conditions are improving. He also cited a “massive inventory rebuilding cycle” that reflects optimism for the future.
“If you look at most indicators, they are back above their pre-coronavirus readings,” he said.
There are still 25.5 million workers claiming some form of unemployment benefits, according to totals through Sept. 19. More than half that total, or about 13.4 million, comes from those collecting under pandemic-related programs set up for those who normally wouldn’t be eligible.
The total of those getting benefits fell by just over 1 million for the most recent week and has been trending lower. First-time claimants under the Pandemic Unemployment Assistance program fell by 44,270 to 464,437 for the week of Oct. 3.
Florida showed the biggest jump in claims last week, rising by 7,827, while New Jersey reported a decline of 4,469, according to unadjusted numbers.
Jobless claims were worse than expected amid slowdown in hiring
KEY POINTS
- First-time claims for unemployment benefits totaled 840,000 last week, higher than the 825,000 Wall Street estimate.
- Claims have remained above 800,000 every week since mid-March.
- There are still 25.5 million workers collecting some form of benefits, more than half of whom fall under special benefits set up during the pandemic.
U.S. weekly jobless claims total 840,000, vs 825,000 estimate
First-time claims for unemployment benefits totaled 840,000 last week, higher than expected in another sign that the spike in job growth over the summer has cooled heading into Election Day.
Economists surveyed by Dow Jones had been expecting 825,000 new claims.
Though the total was a bit worse than Wall Street expected, it still represented a modest decline from the upwardly revised 849,000 from a week earlier. It also was the lowest level of claims since the virus-induced shutdown in mid-March.
Claims have been above 800,000 every week since the World Health Organization declared the coronavirus a pandemic, leading to the shutdown of the U.S. economy.
However, continuing claims again fell sharply, dropping by just over 1 million to 10.98 million, according to the Labor Department release. Continuing claims trail the headline weekly claims number by a week.
The insured unemployment rate, a basic measure of the workforce compared with those collecting benefits, also slid to from 8.2% to 7.5%, its lowest since March 28.
“The decline in continuing claims is welcome, but initial claims offer a better read on the real-time state of the labor market, and the downward trend has stalled, more or less,” said Ian Shepherdson, chief economist at Pantheon Macroeconomics.
The numbers come a week after the Labor Department reported that nonfarm payrolls rose by 661,000, a total well below Wall Street estimates of 800,000. The unemployment rate fell to 7.9%, but that was largely the product of a drop in the labor force participation rate.
Despite the persistently high level of jobless claims, a White House official said the economy continues on a clear recovery path.
“The economy is entering into a boom and growth looks great,” Joseph LaVorgna, an advisor to President Donald Trump and chief economist on the National Economic Council, told CNBC’s “Squawk on the Street.”
LaVorgna posted to a host of other economic data points, including GDP growth that looks poised to eclipse 30% annualized in the third quarter, as evidence that conditions are improving. He also cited a “massive inventory rebuilding cycle” that reflects optimism for the future.
“If you look at most indicators, they are back above their pre-coronavirus readings,” he said.
There are still 25.5 million workers claiming some form of unemployment benefits, according to totals through Sept. 19. More than half that total, or about 13.4 million, comes from those collecting under pandemic-related programs set up for those who normally wouldn’t be eligible.
The total of those getting benefits fell by just over 1 million for the most recent week and has been trending lower. First-time claimants under the Pandemic Unemployment Assistance program fell by 44,270 to 464,437 for the week of Oct. 3.
Florida showed the biggest jump in claims last week, rising by 7,827, while New Jersey reported a decline of 4,469, according to unadjusted numbers.
Jobless claims were worse than expected amid slowdown in hiring
OPTTyou disappointed me today but I know you'll make me proud again.
Hopefully everything else makes up for it.
I offloaded this yesterday when it finally stopped peaking
Tesla: we're gonna be the Kings of EV
Mercedes: Hold our beers
Mercedes-Benz teases 'highest-efficiency electric car in the world' with over 750 miles of range - Electrek
Mercedes: Hold our beers
Mercedes-Benz teases 'highest-efficiency electric car in the world' with over 750 miles of range - Electrek
Spidey Man
Superstar
ARKG added more TAK, while ARKF bought more IPOB today....i did the same
Tak has a dividend too. Was just researching it after I saw the email
Like I mentioned before, be careful trying match ark buy for buy, I only do so after doing extensive research. And even still 90% of time I don’t end up doing so, especially the pharma companies because it takes a lot to understand the ins and outs of their business model.ARKG added more TAK, while ARKF bought more IPOB today....i did the same
A lot of y’all maybe setting yourself up to hold the bag, especially since many people try to move like traders instead of investing. Whatever you buy be prepared to potentially hold for 3-5 years before it really takes off.
touche....i had already seen the buzz here and other forums about TAK and its presence in ARK, but after seeing this NIH press release today about it being involved in a more powerful COVID antibody therapy....i pushed the button.
NIH clinical trial testing hyperimmune intravenous immunoglobulin plus remdesivir to treat COVID-19 Begins
Takeda, Other Firms Test Covid-19 Convalescent-Plasma Treatment
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Quiet as kept, dividend stocks lowkey give you the amount of the dividend just buying the shares early enough and waiting until the EX date. I'm hitting consistent licks doing this, and it's safer than holding the bag. The stock drops the amount of the dividend received, so most are left holding the bag, praying that the stocks value returns to what it was at initial purchase. I'd much rather qet a quick 50-100% of what the dividend would be, then sell it before the inevitable fall-off. I made a quick 1500 off a stock I held for 3 days, and I'm trying to do it again with a different stock, only thing is I have to hold it over the weekend until the selloff Tuesday.
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While I like Sherpard Smith, Idk why he's on CNBC and not MSNBC.
When I watch CNBC I want to see stocks not direct political news
I don't even watch MSNBC for regular news, so why the fukk would I want to watch CNBC for regular news when I'm trying follow the stock market.
When I watch CNBC I want to see stocks not direct political news
I don't even watch MSNBC for regular news, so why the fukk would I want to watch CNBC for regular news when I'm trying follow the stock market.
Hopefully Cloudflare(NET) gets another nice bump from the Cramer Stimulus:
fukk fastly.
If NET hits 100 in near future, I'm going buy something real nice for myself.
edit:
I gotta build a position in ARKQ, construction is on fire.
fukk fastly.If NET hits 100 in near future, I'm going buy something real nice for myself.
edit:
I gotta build a position in ARKQ, construction is on fire.
The Compound called it weeks ago. Wallstreet is about bombard us with SPACs until everyone is sick of them. 
SPACs got more companies running to ipo than rappers in 2008, trying hop on the a milli beat:
Shaq, MLK’s Son, Former Disney Executives Team Up to Create SPAC
SPACs got more companies running to ipo than rappers in 2008, trying hop on the a milli beat:
Shaq, MLK’s Son, Former Disney Executives Team Up to Create SPAC
Hopefully Cloudflare(NET) gets another nice bump from the Cramer Stimulus:
If NET hits 100 in near future, I'm going buy something real nice for myself.
edit:
I gotta build a position in ARKQ, construction is on fire.
what's your beef with fastly?
so you sell right after the ex-date?
so you are saying the drop off happens on the actual dividend date and not right after the ex date?
I did my research regarding the CDN space.
NET is the better company with greater marketshare, balance sheet, management experience and partnerships(JD.com).
Meanwhile piss poor balance sheet FASTLY stock, took off.
Hell yeah I'm salty that FASTLY went from 20 to 100, real quick.
I just want NET to do the same.
And I'm fully ready to capitalize and cash out.
FASTLY is blowing money fast, just look at their balance sheets.
