Name: Market Reaction To U.S. Jobless Claims | Crude Oil (/CL)
Uploaded: 2022-01-06T15:12:39.156
Duration: 8 min 47 s

Kick off the trading day with Oliver Renick as he ties big macro concepts together with stock-specific analysis and trading strategies. This program cuts through the noise and political bias, while helping viewers understand the economy's relationship with markets through numbers, logic and in-depth interviews with fund managers, ETF providers and options traders.&nbsp;

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The Weekly Jobless Claims number came in at 207K versus the estimate of 197K. It was little bit higher than expected but not outside of the box, says Dan Deming of KKM Financial. He is looking to the wages number due out tomorrow. He points out the Fed asset purchasing as more significant than any rate hike. He says the price of crude oil is a big cost to households. He and Ben discuss the affect of the omicron variant and businesses closing early because of it.