Hennion & Walsh Asset Management President and CIO Kevin Mahn addresses two areas of concern in the booming March jobs report on ‘The Big Money Show.’
-Job growth in March wowed even the most bullish economists
-Stocks closed out a wild week as gold hit a new record
-Disney CEO Bob Iger worked his magic with shareholders. Now what?
-Former President Trump secures a $175 million bond and is expected to hit it big with a forthcoming fundraiser
-Billionaire Jeff Bezos plunks down $90 million for another house in the same neighborhood
-Solar Eclipse mania is creating an economic boom for cities and towns where watchers can catch the best view
LABOR ECONOMY WINNING: Despite lingering inflation and high interest rates, the U.S. job market is humming along nicely as evidenced in the March employment data which blew away estimates…continue reading here. The data followed Federal Reserve Chairman Jerome Powell’s reminder to Wall Street that policymakers will remain data dependent before they’ll pull the lever on rate cuts…continue reading here.
DAVE RAMSEY WEIGHS IN ON HOW YOUNG PEOPLE ARE SAVING OR NOT
MARKET MAGIC: Stocks rallied on Friday but lost ground for the week, still gold hit a fresh record closing above $2,325 an ounce…markets update. For the week, the yellow metal gained over 4%, the largest percentage gain since October 2023.
VIDEO: What does the red hot jobs report mean for future rate cuts?
LIVE PRICES FOR CRYPTOCURRENCIES: HERE
DISNEY DELIVERS: CEO Bob Iger worked his magic on shareholders, defeating activist investor Nelson Peltz who tried to win two board seats. Now that the “distracting” battle is over, Iger must prove he can grow the Mouse House…continue reading here. Meet Disney’s newly elected board of directors…Meet Disney’s Board.
VIDEO: Are Iger’s troubles really behind him?
TRUMP’S LIFELINE: Former President Trump secured a $175 million bond from an unlikely source…continue reading here.
VIDEO: Trump’s forthcoming fundraiser expected to haul in millions.
TRIFECTA: Amazon founder Jeff Bezos just dropped $90 million for a third property in the same neighborhood…continue reading here.
VIDEO: Take a video tour of the area Bezos is now calling home.
SOLAR ECLIPSE MANIA: …continue reading here.
VIDEO: This region is preparing for a crushing wave of eclipse travelers.
Warby Parker makes a map to show where to go to get the total eclipse. (Warby Parker)
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