U.S. stocks ended flat yesterday, in rocky trading, after President Donald Trump, as expected, said he is removing the U.S. from a 2015 nuclear deal with Iran.
Shares of Disney traded higher after the company stronger-than-expected profit and sales yesterday afternoon, with the biggest beat coming from the company's movie-studio arm after the huge success of "Black Panther." Disney reported fiscal second-quarter net income of $2.94 billion, or $1.95 a share, on sales of $14.55 billion, up from $13.34 billion a year ago. After adjustments for comparability to previous quarters, Disney claimed earnings of $1.84 a share, up from $1.50 a year ago.
The big pickup in job openings has done what’s not been accomplished in the nearly two-decades — there’s now a job opening for every unemployed worker.
According to the latest data from the Job Openings and Labor Turnover Survey, there were 6.55 million job openings in March. In March, there were 6.59 million unemployed, meaning there are 1.01 unemployed workers for every job. During the financial crisis there were 6.7 unemployed people for every job opening.
The 2 year Treasury note now yields 2.513% marking it’s highest yield in 10 years and flattens the yield curve even more as the long end of the curve remained unchanged.