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STOCK MARKET NEWS: ADP jobs report, Tesla vehicle investigation, Powell testifies

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The ADP private payrolls jobs report came in hotter than expected as Federal Reserve Chairman Jerome Powell delivers a second day of testimony on the economy. Tesla is under investigation for a steering wheel issue and Warren Buffett loaded up on more Occidental Petroleum shares. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.

topped Wall Street estimates, powered by higher prices, improved supply and strong demand for packaged meals and snacks.

Consumers were turning to Campbell's products as a means to stretch their food budgets in the tough economic environment, Chief Executive Mark Clouse said.

 

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ADP jobs report is a poor indicator of job growth/loss. They are wrong most of the time. This should not be a major financial barometer.

Saul Alinksy is alive and well in the Radical Left World. Anyone who uses Free Speech is attacked along with any business that they have. It worked in Nazi Germany and works in Communist China so why not here...

Mass inflation '70s & 80's followed oil prices. 1974-80 cost of oil/barrel up 788%; 1981-88 down 60%. It was Mid-East embargos & turmoil then; now it's the Dems causing supply issues. Until energy policy changes, there will be 3-4% inflation. Fed can't fix supply. Pause rates.

Not useful to the insider traders.

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