it's 5:00 a.m. here at cnbc global headquarters. welcome to "worldwide exchange." here's your "five@5." hitting the reset button. investors looking to cpi after the blockbuster jobs report. we'll look at what it could mean for the market and what it could mean for the fed. futures are lower this morning. breaking this morning, new analysis into the spending plans for vice president kamala harris and former president trump and how it could impact the defeici.

and tracking the area for another hurricane after helene. and one year with the attack on israel and hamas taking 250 people hostage. the bombardment of gaza is ongoing. later, shares beaten down pharma stock moving higher. it is monday, october 7th, 2024. you are watching "worldwide exchange" here on cnbc. ♪ good morning. thank you for being with us. i'm frank holland. let's get you ready for the first trading day of the week. the check of the u.s. stock futures. look right now. in the red across the board. the s&p down 34 points. the dow looking like it would open 200 points lower.

nasdaq on the percentage basis, hardest hit, down .50%. this action here is following friday's stock surge and better than expected jobs report showing 250,000 jobs added last month compared to 150,000 expected. mega cap tech and the big banks driving the rally this morning. look at some of this action. you are seeing tesla, big event for tesla this week. fractionally higher. amazon down 1%. jpmorgan flat. we want to check the bond market. a lot of action in the bond market with interest rate traders slashing expectations for a 50-basis point cut from the fed when it meets next month. look at the treasury here. back above 4%. really interesting here. a little bit of a down side move right now. the two-year back above 4%

minutes ago. right now, at 3.99%. this took a 25-basis point move to the upside after the better than expected jobs report. we'll talk about bonds later in the show. we also want to talk about oil adding to the october gains. up more than 10% since tuesday and higher again this morning. wti up over 2%. this is the meaningful part especially when it comes to sentiment. over $75 a barrel. you see wti up double digits month to date. that is how the u.s. is set up. let's get to the early trade in london with arabile gumede. arabile. >> frank, the european market looked to take on the sentiment friday we saw stateside and the sentiment this morning from the asia region. we have seen an uptick with the likes of the nikkei managing to gain off the back of some tech news as well happening. the gaming stocks managing to

find gains. sovereign wealth fund looking to get into nintendo as well. the market initially op opened .50%. stronger for the stoxx 600. now we turned negative. the sentiment has turned negative. so far, the likes of the ftse 100 as well dropping off then so far in this early morning picture. so, too, the cac 40, losing significantly. you have the gaming news with the ubisoft with the likes of tencent and mining news with the rio tinto looking into the lithium mines and arcadium moving things as well. for now, things have turned negative. here are your sector gainers. household goods finding uptick so far in this morning. so, too, the banking stocks. the luxury as well as the

lenders in keen interest. commerzbank and unicredit as well. those lenders may be looking at consolidation at play, the ceo of commerzbank downplaying the expectations so far today. sector losers quickly. this is what you are seeing with the rest of the market finding a lot of losses so far this morning. seeing real estate leading those losses. of course, the interest rate picture will be one to really look out for. frank. >> arabile, thank you very much. arabile gumede live in the london newsroom. we turn attention now to washington and a news alert for you. the non-partisan committee for the responsible federal budget out with vice president kamala harris and former president trump's economic plan. the debt goes up no matter who wins in november, but twice as amount with harris plan adds $3.5 trillion to the debt while trump's plan would add $7.5 trillion. for harris, the biggest line

item is extending the 2017 tax cuts for anyone making less than $400,000. expanding the child tax credit would cost $4 trillion. taxing capital income raises $850 billion. for trump, extending the tax cuts alone costs $5.4 trillion and eliminating tax on overtime and social security. together, that costs $3.3 trillion. tariffs are the main revenue source expected to bring in $2.7 trillion and his plans to expand energy production is expected to raise $700 billion. all right. to a developing story and tropical storm milton upgraded to a category 1 hurricane overnight. churning in the gulf of mexico and taking aim at florida and the region recovering from hurricane helene and also still trying to recover from the loss of about 200 people there. the storm is projected to make landfall on wednesday as a category 3 storm or stronger

with high winds and 6 to 12 inches of rainfall across much of the state. milton would be the fifth hurricane to hit had the mainland u.s. this year. the 2024 hurricane season has produced 13 named storms and nine have become hurricanes. we will continue to watch this story as it develops. turning attention back to the markets and the next test for the rally. cpi and ppi reports are released on thursday and friday and blows out the jobs report. the jobs report is a reset of the labor market narrative. the bank is scaling back 15% to 20% odds of a recession. that's in line with interest rate traders tracked by the cme. more than 90% expect a 25-basis cut now. a week ago, it was 65%. let's bring in greg branch, founder of branch global

advisers. he is also a cnbc contributor and friend of the show. greg, good morning. >> good morning, frank. good to see you again. >> we're back talking about the fed again. we were showing the odds. more than 90% said we see a 25-basis point cut. i remember when you said we don't need any cut. following the jobs report, what do you think about the next fed move? do you think we need the 25-basis point cut? >> i would correct you, frank, it wasn't that i said it, but it was the data that said it and others that pointed out the data indicated that perhaps we did not need an interest rate cut. i think that's why we're seeing all of this accelerate. make no mistake, this is a risk-on market. when we see gdp revised upward to 1.6% in the first quarter and 3.1% in the second quarter, when

we see earnings growth of 13% in the second quarter and when we see wage growth of 4%, i think the question becomes, and again, this is a minority view, the question becomes do they need another subsequent cut? the jobs number allayed fears of the recession, but it tells us the economy's still too hot. >> some fears with some thinking the economy's still to hot. i know you are worried about inflation and possibly reaccelerating in some way. when i look at the headline cpi from 2.5% to 2.3%, but core is staying the same. what's alarming when we talk about inflation? >> so, remember when i switched to neutral in july, frank? it was because the month over month core and the month over month number that really matters because it's the collection of those months that's going to

indicate where we end because the core dropped out of the 30 bps range. we put up 10 for june and i thought we had a new paradigm. we put up 20 for august -- sorry, 20 for july and 30 for august. and so, the trend is actually going in the wrong direction as the headline number falls. if we're back in a band of 30-to-40 basis points, the fed has a problem. that doesn't get us to 2% inflation. >> okay. i want to talk about the equity market. the last time you were with us, one of your picks for us was oracle. it is not a mag seven stock, but it is a tech stock. the catalyst for the big upside move was the weearnings. what's the catalyst for the rest of the group? we have an nvidia event coming

up this week. we have the robotaxi event for tesla coming up this week. great call on oracle, what is the catalyst for the rest? >> that is one name you asked me to pick. that has been my strategy for over a year even as i remained cautious on the macro environment. we always told and said on our network that you can find relative performance in companies that are going to up up 20% plus earnings growth. of course that's what cost the move. if you can have companies with 20% earnings growth, it is not just tech anymore. >> greg, what moves the mag seven? investors weren't amazed although the numbers were very good. >> i'm not making a mag seven call. the call i'm making, frank, if you have companies that are

tethered to generational secular tailwinds and capacity constrained as oracle is in its cloud business, that's a great place to put money and know you well get 20% plus earningsi growth. >> really quickly. we have to go. ten-year 4% yield. does that concern you? >> i think it's what we should expect. perhaps we're not going to get all of the rate cutting that the market anticipated. >> greg branch, thank you very much. for more on the trading day head, head to cnbc pro at cnbc.com/pro. we have more to come here on "worldwide exchange," and one word that investors need to know today, but first, we mark the one-year attack on the hamas attack on israel. we have helima croft here with the latest. and we look at what the

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intensive campaign against hezbollah. thiscomes after israel bombarded several targets this had morning as it described the immediate threat of rocket fire as we mark the one-year attack that claimed the lives of 1,200 people and over 100 people hostage. we have dan murphy from dubai joining us. dan, good morning. >> reporter: frank, good morning. a grim milestone for the region as israel marks the anniversary of october 7 and 12 months since the outbreak of the war and the region gripped by soaring tension and divide. as you say, overnight, israel conducting the heaviest strikes on hezbollah targets in lebanon since the start of the conflict. hamas firing more rockets at tel aviv as we see more protesters take to the streets around the world to raise the voice against the conflict.

frank, 12 months on, the immediate focus is where this goes next. of course, israel has vowed to respond to iran's rocket attack last week and equity and commodity vinvestors are trying to price the worst-case scenario. a war could spill over to the critical energy structure. iran is, of course, one of opec's largest producers and if its facilities were hit, analysts say we could see oil prices sky rocketing triple digits. i'm curious to hear what your next guest says about that. i'm wondering the next goal for israel in lebanon will be. will prime minister netanyahu listen to the calls from president biden to hold short striking iranian sites and where diplomatic efforts stand now

with lives and livelihoods in the balance? there is no easy answer to any of the questions, frank, as we mark the one-year anniversary in the region of the crisis in the region. >> dan murphy in dubai. dan, good to see you. let's get more insight into the tensions in the middle east are looking when it comes to the oil market and whether that will push oil to the $100 mark as dan was mentioning. helima croft is the global head of strategy at rbc. helima, good morning. >> thank you for having me on, frank. >> as we look at this and v anniversary and mark one year since the attack on israel, what does this mean for the oil market now and the tensions escalating? >> obviously, it is a grim milestone as dan murphy just talked about. from the oil market perspective, it is still in watch-and-wait

mode. we had prices run up after the iranian rocket attacks last week in response to the retaliation. we don't know what form that retaliation will take. president biden seemed to say iranian oil was on the table. he walked that back on friday saying the united states would prefer those sites were not attacked, but as dan brought up, there is critical oil infrastructure sites if they were targeted like the island where 90% of the exports are on that island and storage is held on that island. obviously, that would be very impact for for oil prices and lead to questions of what iran's response. >> i want to get to the investor angle. again, a very grim milestone october 7th from a year ago. there are a lot of reports of 6 million barrels of spare capacity with opec plus. a lot of people looking if this

attack would happen, but if you are an investor, how does it impact the price if there was an escalation? >> the real capacity is sitting in saudi arabia. the question is would saudi arabia be called on by the white house to immediately surge production. obviously, that would be an important call that the biden administration would put to riyadh. the question is would saudi arabia and the rest of opec essentially say first, we like to see the extent of the outage, they do not want to get caught in the cross-fire of the conflict. if there is a big back and forth, especially with the israeli air strike flying over the countries, what would the iranian response be? i think from the standpoint of the major producers, they want to hold the conflict at an arms

length. >> i want to ask about just this situation and the geopolitics. ed yardeni is assigning a 20% probability to a 1970s style trigger hard landing if iran hits the nuclear facilities in the next few days. with all they've got, he is categorizing it as an all-out attack. how do you assess the risk? >> again, that is the worst-case scenario for what it means for prices. if you had a massive attack on all iranian infrastructure and this narrative this analyst is laying out trying to close the strait of hormuz and impair the movement of 17 million barrels a day. obviously, that would be very much a pathway to well over $100. we're not there yet. we really do have to see what

the israelis hit. we have not been closer to the regional war in a long time than we are now. >> surprised oil is not moving higher or move of a risk premium especially on the day of the anniv anniversary? >> you just don't know in terms of iran. we're a year into the conflict. today, we had no major supply disruption. we haven't had infrastructure attacks like in 2019. i do think market participants burned on the russia disruption a few years ago will wait and see what happens with the material outage. >> wti at $76. br brent at $80 a barrel. helima croft, thank you for your time. >> thank you. turning to a market flash. chevron will sell assets and

stakes in canada to canadian natural resources for $6.5 billion. shares up .50%. coming up here on "worldwide exchange," we are breaking out our fourth quarter playbook in a rocky start to october. we are also kicking off the special with stephanie link. that's coming up. after last month's massive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?" i'm thinking company wide power nap. [ employees snoring ] anything can change the world of work. from hr to payroll, adp designs for the next anything. business. it's not a nine-to-five t proposition.ork.

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let's get a check of the top corporate stories with bertha

coombs. bertha, good morning. >> good morning, frank. sources telling cnbc starboard value has taken a $1 billion stake in pfizer in a bid to get the struggling drugmaker to change its performance. the stock is flat this year, but sources did not offer specifics of a plan, but the activist investor has approached former ceo and ex-finance chief frank demillio about the move. the current leadership under albert bourla has stepped away from the disciplined cost structure of novel drugs. the wall street journal reporting that shein founder and ceo is heading to the u.s. this week meeting with investors ahead of the ipo in london.

the investor says it is meeting with investors before heading across the atlantic. the heameetings will be the fir chance to meet with him. shares of nintendo reporting on the report that the saudi investment fund is considering raising its stake in the company. i guess they want to play. the vaice chair of the fund telling media the fund is not in a rush to increase the stakes, but the offer would be in a friendly way. it owns 8.5% of nintendo shares. frank, i guess they're into games. >> thank you, bertha coombs. and coming up, ubisoft breaks its science on a takeover. and cnbc is celebrating

hispanic heritage this month. as we head to break, here is the ceo of peloton. >> i'm first gen born in the united states. i think about the times when they, my parents were teaching themselves english and showing up in spaces and maybe not only uninvited, but unexpected. resiliency lives in my dna and i'm honored to take up space and look in environments and ask who is under-represented and how we can bring them in. did you ever worry we wouldn't get to enjoy this?

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the most important election of our lifetime. this is no ordinary election. the other side wants to take away your freedom of speech, they want to take away your right to bear arms. they want to take away your right to vote, effectively. >> that was the world's richest man, elon musk, stepping further into the election cycle this weekend appearing at former president trump's rally in p.a. we'll have much more on the tesla ceo and support of trump and the potential sway he could

have on this election later in the half hour. welcome back to "worldwide exchange." i'm frank holland. look at the market action across the board. s&p down 40 points. the dow looks like it would open up 225 points lower. the nasdaq down more than .50%. let's look at the laggards on the nasdaq 100 this morning. at the top of the list is asml. those shares down 3%. amazon down 2%. apple down 1.5%. nvidia similar story there. we're seeing mega cap tech under pressure. let's go back to friday. the jobs report showing employers added nearly 250,000. on the back of that, traders are slashing the expectation of the rate cut from the fed when it meets next month. take a look at bonds now. this is the real story. the ten-year yield back above

4%. about a 15-basis point move to the upside following the jobs report. bigger upside moves with the two-year treasury just about at 4% right now. moving 25 basis points following the stronger than expected jobs report. we also want to look at oil adding to the october gains up 10% since tuesday. you can see it is up again this morning. u.s. benchmark up 2.5%. here's the important part. well above $75 a barrel. $76 a barrel. brent crude close to $80 a barrel. also up just over 2%. that is the money set up now. let's look at the start of the fourth quarter and opportunities out there. it is proving to be a bumpy start. following the better than expected jobs report adding to the gains so far this year. you can see the chart is in an up and down move. all week long here on "worldwide

exchange" we are talking to our best guests for the t opportunities in the final months of 2024. stephanie link is chief strategist at hightower. steph, good morning. >> good morning. how are you? >> i'm doing great. let's get to one of your best ideas for q4. you are looking for opportunities in the retail space. are you are looking at income and the income gap. >> richard dixon started in 2023, august of 2023. he is changing the company and he is changing the strategy. he has hired a ceo of agthleta and old navy. he has done a really good job the last year with the inventory down seven straight quarters. gross margins were up 500 basis points. they will be up 200 basis points year over year and the free cash

flow option is strong up over 8%. the stock's pretty cheap. the stock symbol changed recently. i don't think anybody knows. it is now g-a-p. >> it was g-p-s before. i looked and said where's the gap? it's strange. do you know why? >> me, too. >> you actually highlight the dividend. do you see this as a dividend play as well? >> i think it's dividend growth, frank. right? i always look for dividend growth over high dividends. that's why i high lighted free cash flow and up year over year. that is strong and the balance sheet is good. they are changing the strategy and changing the product mix. i think it's something that's a little bit off the radar screen. >> one of the other best q4 ideas for us is morgan stanley. obviously, we're going into big bank earnings in a few days.

is this simply a sicyclical pla as we expect the fed to cut again? >> well, it's a little bit of a few things, actually. number one, under performed its biggest competitor, goldman sachs, since 2021. it under performed the s&p 500 as well. it's not been a great performer, but it can play catch up. the stock is trading 13 times earnings. it yields about 3%. i think you can win in a couple of different ways. i think it is net interest income for sure and a steeper yield curve. it's also investment banking fees that i think are on the rise and it is wealth management which is recovering as net new assets improve as well. it's a couple of different things. >> we see bond yields rise following the bond report. does that influence this play at all? >> no, i mean, we want lower interest rates, obviously, on

the short end. that's their bread and butter business which is lending. we want it to come down. that's why there's other ways for them to win. mainly wealth management. wealth management should do better than expected because asset prices are higher than expected. it is investment banking and wealth management and the yield curve, too. that would be the trifecta. >> steph link, thank you. gap, ticker g-a-p. thank you, steph. coming up on "worldwide exchange," fresh pessimism around the largest company in the world, but some are not biting. the new joker movie pulling in less than the original film debut. this becoming the first comic book movie to ever earn a "d"

cinema score from audiences. and the west coast customs modifying an suv to a minivan for his wife priscilla. with the holiday as approaching, many are uncomfortable discussing money issues with family and friends. a new bank rate survey finds 40% are comfortable talking about how much money they have in the bank and roughly discussing credit card, it's much higher with weight, politics and religion, brelieve it or not. we're back on "worldwide exchange."

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welcome back to "worldwide exchange." take a look at oil right know. wti up 2.13%. brent crude up 2%. we are looking at oil stocks right now. shell up 1.5%. same for bp. occidental as well. chevron shares up .50%. time for the morning call sheet. jeffries downgrading apple to a hold. it likes the company's intelligence system, but its iphones need a rework before able to handle serious a.i. jeffries says that is not likely until 2026 or 2027.

two different calls on netflix. piper sandler raising the call after catalysts remain to support momentum. barclays cutting to underweight and the growth picture is more complex. jpmorgan upgrading ally financial. despite the outlook on credit and margins, the stock already discounts most of that. time for the global briefing. rio tinto confirms it is in talks to buy arcadium lithium. rio and arcadium were in discussions and arcadium could be worth 4 to $6 billion. that would make arcadium the largest lithium producer with the sharp slide in the metal. ubisoft is reviewing options which it does on a regular basis. on friday, bloomberg reported

the founding family and tencent were considering a buyout. the french company is the publisher of the popular game assassin's creek. and shell warns of q3 refining margins which are under pressure due to slowing economic activity especially in china as new refineries come online. last week, exxonmobil warned a slump of oil would impact its results. coming up on the show, one word every investor needs to know today and diving doeeper into the election. what a trump loss to mean for america's future. we'll have more on that is story when we come back.

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welcome back. to washington and the news ar alert. the committee for economic responsibility with the economic plans. they say the debt goes up no matter which candidate is selected. harris' plan nets $3.5 trillion to the debt, while trump's would add $7.5 trillion. for harris, her plan would extend tax cuts for anyone making less than $400,000. expanding the child tax credit

and taxing capital income raise $850 billion. eliminating tax on overtime and social security would, together, cost another $3.3 trillion for trump. his tariffs would bring in $2.7 trillion while his plans to expand energy production would raise $700 billion. sticking with the election, the world's richest person steps on stage with trump. elon musk shared his view of the election and what he believes is at stake. our steve kovach joins us with more on the story. >> reporter: frank, good morning. musk was at the rally in butler, pennsylvania, on saturday making a plea for people.

asking people to register to vote and show up on election day. i literally jumped up on stage and leaned into trump-ism making unsub ststantiating claims on t election. the biggest doozy of the short speech? it would be the last election if trump loses in november. take a listen. >> text people now. now. and make sure they actually do vote. if they don't, this will be the last election. that's my prediction. nothing's more important. nothing's more important. >> reporter: look, that's nothing new for musk. he's been embracing the messaging on the right from immigration to transgender

rights. leading to absolutism about his purchase of twitter two years ago. here's what he said. >> you must have free speech in order to have democracy. that's why it's the first amendment and the second amendment is there to ensure we have the first amendment. >> reporter: now, a lot of the standard fare for the trump rally manycoming from musk ther but this time the richest person in the world. he has not been vocal before now. here's what musk said was at stake in the election. >> i think this election, i think it's the most important election of our lifetime. this is no ordinary election. the other side wants to take away your freedom of speech, they want to take away your right to bear arms. >> never. >> they want to take away your

right to vote effectively. >> reporter: last week, "the wall street journal" reported that musk is donating to conservative causes long before trump this summer and a pac supporting trump. this is the highest profile business leader, not just the richest in the world, campaigning for one of the candidates in the election, frank. a lon >> a lot of topics there. i have to ask, did he talk about evs at all? former president trump switched his thinking on evs in the past. >> this was a brief appearance for musk. he came in in the middle of the trump speech at the butler rally. most what i showed you was electi focused, not ev focused. that will come up if trump wins

if we hear about tariffs on vehicles coming from china. china is a hugely important market for tesla. as tough as trump talks about china, we have seen the opposite from elon musk, frank. >> a lot going on. evkomu.thank you very ch ste vach live at the nasdaq. and coming up, we look at the blockbuster jobs report and if it converts into a soft landing or a no landing. we'll talk about that after this break. stay with us. at pgim, finding opportunity in fixed income today, helps secure tomorrow. our time-tested fixed income suite, backed by over 145 years of risk experience, helps investors meet their goals. pgim investments. shaping tomorrow today.

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welcome back to "worldwide exchange." sources are telling cnbc starboard value is taking a $1 billion stake in pfizer in a bid to turn the company performance around. foxconn is citing strong demands for the shares performance. saudi's public investment fund is considering raising the stake in the company. the company owns 8.5% of nintendo shares. hurricane milton is expected to make landfall on tuesday in tampa as a category 3 storm. chevron will sell stakes in the assets in canada to canadian

asset resources. shares now up 1.3%. we get data on consumer credit and inflation with the september cpi and ppi. earnings kicks off from pepsi and domino's and wells fargo and bl blackrock. nvidia is holding the annual summit today. amazon's fall prime day is set to start tomorrow. the markets will try to keep up with the momentum from the friday jobs report fueled rally which helped a fourth straight week of gains. futures are in the red across the board. hitting the lows of the morning. the dow would open 200 points lower. joining me now is robert shine at shine wealth management. good morning. good to see you. >> good morning, frank. >> as i mentioned, futures are

in the red right now. what's your word of the day? how do you see today shaping up? >> the word of the day is optimistic. there's a lot of, you know, reasons to be optimistic if you look at the data last week with the jobs numbers. it was unexpected. it was a nice upside surprise. markets will take that in stride, but the optimism playing out here is the ability for the federal reserve to thread the needle to engineer a soft landing. >> are you optimistic about the rate cut coming up in november if you look at the cme? thoughts have shifted dramatically. people are thinking it is a 2 25-basis pouptint cut. there is talk we could get a pause. >> it's the day after the election. there's a lot of data between now and then. at the same time, we will see

25-basis point cut. if you look at the real rate, we're still higher than where the economy needs to be right now although you see some signs across the economic data that they're turning around and heating up again. if you look at core cpi, the fed has to watch that as they continue to the upside surprise. we believe the 25-basis point is still in the mix. a lot of data has changed. fed funds futures has changed to 25 after last week. >> it was 5,600 and now 6,000. i want to get to some of the stocks. one is the etf in the defense space. we are marking the milestone of a year ago of the attacks in israel. the ppea etf. i think a lot of the risk premium is priced in of a

broader geopolitical conflict. >> frank, we owned this for a lot of years. you should always add defense to the portfolio. it is a portfolio hedge, if you will. there is geopolitical uncertainty most recently. we hhave seen tensions rise. we have the one-year anniversary for israel right now. the ppa is a diversified mix of the top ten u.s. defense contractors from raytheon to northop. the companies will benefit, but you still have to have defense and balance diversification. >> speaking of a different i defense on the investing side. costco. why would you want to invest in a defensive stock? >> costco's a retailer that will thrive in any recessionary

market in the economy. you can wait for a pull back. they are a dividend grower as well. that's the reason we like costco. >> robert schein, thank you. one more look at futures as we let you go. in the red across the board. close to the lows of the morning. looking at the dow, it would open up more than 200 points lower. that will do it for us on "worldwide exchange." "squawk box" starts right now. good morning. stock futures pointing to a lower open as we await key inflation data this week and the kickoff of earnings season. i don't know. it's still there. i saw a 4 handle on the ten-year. weird. elon musk speaking at former president trump's rally in butler, pennsylvania over the weekend. and starboard has taken an

activist position in pfizer. it's monday, october 7th, 2024 and "squawk box" begins right now. ♪ good morning, everybody. welcome to "squawk box" here on cnbc. we are live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin. on this morning, we are looking at some pretty significant downdrafts in the futures. this morning, it looks like the dow futures are off 210 points. s&p futures down 36. nasdaq down by 141. that does come after a pretty strong performance that we are watching. stocks were up on friday after stronger than expected jobs data. the dow was actually up 341 points. it closed at a new high. the s&p was up .90. the nasd