The most important economic news each month, by far, is the early-month count of jobs created or lost in the prior month.
All markets were poised for better figures in this morning's report for June, but the actual was jaw-dropping: only 18,000 jobs gained, April-May revised down 44,000, and hourly earnings fell 0.1 percent. The one surprising reaction: the Dow is off only 110 points. Stunned, drunk, or both.
Enough of that. Find some entertainment in deals cooking all over the place.
- We're going to get a National Football League labor deal, maybe this weekend, which is a great thing for those of us stuck in a market with a losing Major League Baseball team. Even if the area's NFL team is just as bad, at least we won't have to face it until September. It's sort ...