Business News

Jobs Number Disappoints

The Department of Labor says the US economy added 142,000 jobs in September; only 118,000 of those were in the private sector.  The unemployment rate remained at 5.1%. The August and July numbers both had big downward reductions.  These numbers give the Federal Reserve more ammo to not to raise interest rates. (Bloomberg)
Investor sentiment continues to deteriorate. Bullish investors dipped to 24.7%, from 26% a week ago. That is a big drop from late April when the bulls were 57.4%. Optimism is now below the March 2009 low of 26.4%. This dire negativity may present a buying opportunity. (CNBC)
Retailer Nordstrom announced they will pay a special dividend of $4.85 per share and a new $1 billion share repurchase program. (CNBC)
With just 84 days till Christmas the U.S. Postal Service has released a new "A Charlie Brown Christmas" stamps in celebration of the upcoming 50th anniversary of the classic TV special, which originally aired on Dec. 9, 1965. (USA Today)
Join us Saturday at 10 for Financial Focus Radio when health insurance expert Don Klippenes will join us. We will discuss how health insurers will lose about $2.5 billion because patients covered through Obamacare last year were sicker than expected. (AP)

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