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U.S. Day Ahead: Robust jobs report will "take us higher"

Thursday, Aug 01, 2013 - 01:55

Aug 1 - The economy is expected to create 184,000 new jobs in July but that may not be enough to bring down the unemployment rate. Another D-day for Michael Dell and Viacom is betting on Brad Pitt.

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We'll be ended this week bring an end to the -- drama. Let's hope sell the shareholder vote has been postponed twice already Friday is the next attempt to have his -- Investor Carl Icahn he just filed on Thursday a lawsuit to block dealt from delaying this vote again. -- changing the voting rules he's urging shareholders to reject Michael balanced look like opera to take the company private. Dot shares up all near 5% in the past month. Moving to media packed house -- on his reporting third quarter profits. It all of companies like MTV Nickelodeon and Paramount Pictures. Revenues and profits are expected to be much higher this year and that's because a better audience ratings -- channels like Nickelodeon which means more advertising dollars. As -- fees from licensing content Amazon is up. And revenues from movie theater hits like Star Trek into the darkness and mr. Brad Pitt in world war Z is causing the boost. Analysts are expecting revenues of about three and a half billion dollars which is an increase of 10% from the same quarter last year. Also reporting second quarter profit is Warren Buffett and Berkshire Hathaway. Number one what everybody needs jobs and more jobs the jobs numbers coming out at 8:30 in the morning. The forecast is 184000. Looking at this chart the numbers peaked in February and had been going relatively steady average cents. But it's not moving fast enough to drive down the unemployment rate which right now is are roughly seven and a half percent. There might be one bright spot in all of this and that's the manufacturing sector. I've -- -- it'll add jobs for the first time in five months we'll have a live interview with saint Lewis backed president James Bullard right after the jobs data comes at at 8:35 AM. You can follow us on Twitter at Reuters Insider and watch more videos at Reuters dot com slash Reuters TV. I'm to -- not that this is Reuters.

U.S. Day Ahead: Robust jobs report will "take us higher"

Thursday, Aug 01, 2013 - 01:55

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