New article posted below titled “The Jobs for the Young – Going, Going – Gone!”
1) The crypto currency Bitcom down 20% in 2 days amid legitimacy crisis. With no real material wealth behind these electronic currencies, this is a problem that continually plagues the crypto currencies.
2) Walmart has ordered an additional 12 all electric semi-trucks to go with its initial order of 30 trucks. Despite running on batteries, these trucks are reported to have a range of 500 miles.
3) The economy added 201,000 new jobs in August while the unemployment rate remained at 3.9%. Wage growth accelerated with a 2.9% growth. It’s expected that the Federal Reserve will increase the interest rate two more times this year to check inflation as the economic boom continues.
4) 7 SEP 18 Stock market closings:
Dow 25,916.54 down 79.33
Nasdaq 7,902.54 down 20.18
S&P 500 2,871.68 down 6.37
10 Year Yield: up at 2.94%
Oil: up at $67.86