Transcript
Donald Trump (0:00)
This is an iHeart podcast.
Eric (0:04)
Weekend, my friend. And I guess we'll see you Monday morning on the on the morning show. Thank you, brother. All right, folks, you guess what it is. It's Friday. Finally, a Friday. Let's see what the markets did today. Let's take a peek there early. They were weak. They bounced back just a little bit. The Dow is going to end up around 200 points lower on the day. We're going to look at S p down about 20 or so, plus or minus. Nasdaq down 73. Not a big, big number for Nasdaq. We jump over to some of the other things we talk about. Oil. Oil down to $45. There's some good news right there. Down $1.45. Look at $62 a barrel, approaching about to break 62. That's on the downside. That's great news. Gold, always strong. Here's what happened this morning. This morning, the jobs number came out. The big Labor Department number, Bureau of Labor Statistics came out, showed 22,000 jobs created last month, far below what is expected. 75,000 were expected, came out 22,000. I will tell you, reporters were calling me all day saying, what do you think of this horrible number? And I will tell them, I'll tell you exactly what I told them. I've been doing this for better part of 30 years. Whether it's on TV or on Wall street. The Bureau of Labor Statistics is one of the easiest places to fudge statistics. It's horrible science at best. It's political at worst. I don't trust any of the numbers that come out of the bls. Not because it was bad and it was Trump's. I've never trusted him. Go back to my history at Fox. I've never trusted those numbers. They need a better way to compile the monthly jobs numbers. Right now, it's a, you're calling different, different services and ask them how many people are employing or, or hiring and not hiring. It's, it's really, it's, it's a moving target. It's terrible. So I don't put a lot of credence in it. Also, I will tell you immediately Kevin Hassett came out and said we will expect a revision next month, which is a problem for me. Folks, I may be straight up with you. I told these reporters, as bad as it is, the way we compile the numbers, even worse is trying to predict how they're going to fix the numbers. Unless you know something that we don't know, which we'd all like to know because we have a lot of money on the line. A lot of us do. And you do too, believe me. If you're watching here, you don't have any money in the stock market. You got money on the line. We with the markets. Take a look at the crypto markets all over the board. Very strong early crypto. Bitcoin got up to114,000 almost early this morning. It's going to settle in around111,000. Ethereum had a good day, up $58. XRP was up and CRO was up. Crypto did very, very well today.
Donald Trump (2:31)
All right.
Eric (2:32)
