Stock Market Soars As Job Market Weakens - What It Means For You

"markets were pricing in a roughly 99% chance that the Fed cuts interest rates by 25 basis points next week"

"markets are pricing in a 99% chance that the Fed is going to cut interest rates by 25 basis points, which is 0.2 25% next week on November 7th."

"Boeing put out a new proposal to hopefully end the strike... willing to boost wages by 38% over the next four years and offer an improved $12,000 ratification bonus if the striking workers accept."

"the United States economy added just 12,000 jobs in October last month, while economists were hoping for a 100,000 jobs to be added."

"manufacturing activity in the United States has now fallen to a 15month low."

"the United States manufacturing activity has slumped to a 15-month low in October."

"the United States economy added just 12,000 jobs last month, which is a whole lot less than the 100,000 expected jobs."

"unemployment is still 4.1%."