that's what paychex is about. >> that is great my employees will thank you especially about the videoet's speak about the economy. i saw you were gets now more employees per company. we're not getting the -- really, the company formation that i certainly would feel in a more optimistic time. i'm wondering whether the company is pessimistic even as the existing companies grow? >> well, i do think, you know, what we saw in the paychex small business index this month was the highest wage growth, 3.1% that we've seen since 2011 and we've also seen the hours worked per week are up the highest in three years. so i think both of those are showing a stronger economy the wages are going up because i have the demand as a small business and i need the employees and the wages are up across all wage earners. it used to be minimum wage is driving it now every level of wages are seeing an increase that means there's demand and i'm paying more for my employees to hire and retain them because i've got the demand. i think that bodes well for a strong economy. >> some of the candidates i don't think peo

meantime, notable companies reporting earnings include paychex and chip maker micron. record highs on wall street led by gains by big banks. the dow rose 31, the s&p 500 added a point and the nasdaq gained 9. >>> fedex is taking another hit, this time impacting the company's bottom line. profits slumped 40% to $560 million in its latest quarter. fedex blamed higher costs, a shorter holiday shipping season, and a move to cut ties with amazon for the decline. earlier this year, fedex stopped making ground deliveries for amazon, and just this week, the e-commerce giant temporarily restricted third-party sellers from using fedex's ground service to ship to prime members. >>> meantime, ford is bringing thousands of jobs to michigan. 3,000 new positions will be added at two factories in the detroit area. ford is also investing $1.4 billion to build new pickup trucks, suvs, and electric and autonomous vehicles. the company says $750 million will go to an assembly plant in wayne. another $700 million will be invested in a truck plant in dearborn. hiring will begin next year. >

we talked to martin, ceo of mucci, ceo oftin paychex. and raising concerns that any green shoots in manufacturing have disappeared. welcome to "bloomberg daybreak" on this friday, december 6. i'm alix steel. it feels like i want to say risk on, but you are also seeing bunny in the -- seeing money in the bond market, so maybe it is both. yields down in the u.s. by about two basis points. crude off by 0.5%. opec delivered the goods, and it wasn't enough to move the needle on the oil price. time now for global exchange, where we bring you the market moving news from all around the world, from vienna to london, frankfurt to washington come our bloomberg roses are on the ground with all the top stories. in vienna, opec is said to reduce its target as a rock promises to comply. joining me for more is bloomberg's annmarie hordern. but do we know so far? annmarie: good morning. what we know is they've agreed at the opec+ allies meeting today to cut by the hundred thousand barrels a day, but the devil is in the details. brent and wti are both low

if paychex pulls back once again, please before the quarter, i would buy the stock has been so consistently great and the analysts really do just like it. one more i really like here. herman miller. they make those fantastic air on chairs i got one for my wedding someone gave it to me for a wedding present. with all sorts of other high-end office furniture, there is a wedding present for you. an air on chair. well, thanks, for two. the kind of stuff companies buy on a tight labor market to attract talented employees their buy herman miller chairs that's what caused the upside last time. it'll cause it again we also get results from one of the most controversial tech plays, which is micron the commodity semi-conductor maker which doesn't think it makes commodity semi-conductors because those things are so hard to make these days listen to me the guidance is going to be different from what they say in the headline the headline's going to say blah blah blah. the guidance is what's going to move the stock everything from chinese espionage to -- both of their key products flash memory i think th

we talked to martin, ceo of mucci, ceo oftin paychex.turing have disappeared. welcome to "bloomberg daybreak" on this friday, december 6. i'm alix steel. it feels like i want to say risk on, but you are also seeing bunny in the -- seeing money in the bond market, so maybe it is both. yields down in the u.s. by about two basis points. crude off by 0.5%. opec delivered the goods, and it wasn't enough to move the needle on the oil price. time now for global exchange, where we bring you the market moving news from all around the

of paychex was here, he saw the lowest quintile earnings to the largest quintile earners.yers going in other markets hiring workers this used to be all san francisco, new york, seattle is hiring, now you're looking at secondary cities where big companies are trying to find pools of talent. >> how does that work, though? because one of the interesting trends we've seen is people don't want to move any more. mobility is down across the board in the united states economy. are companies moving out to employees, are they giving better packages to improve -- >> they're looking at other places to find employees goldman, when they started marking, they go into denver you're seeing younger people moving there for life-style changes. they've been there awhile. if you're google and amazon, you're saying where can i go to find these pools of talent >> if you don't mind, we had a chart up on the three-month average. there are three stories on that chart. would the real employment number please stand up? i know it's an old joke. take a look at that. we started the year north of 200,000,