April jobs data were announced Friday morning, adding more fuel to the debate over whether the Federal Reserve will raise interest rates at the conclusion of its meeting next month ¿ or at all this year. The economy added 160,000 jobs last month, down from expectations of 200,000. Unemployment remained flat at 5% and wages increased by 0.3%.
"We're going to stand up for the basic proposition that if you work a full time job, you shouldn't have to live in poverty." - @LaborSec¿ US Labor Department (@USDOL) May 6, 2016
Respect for both of these commentators but these are both wrong. https://t.co/iQ0vV5nyxP¿ George Pearkes (@georgepearkes) May 6, 2016
Herbalife (HLF) continued rallying Friday on the heels of the company reporting positive earnings Thursday and saying on a call with analysts that there was a reasonable possibility it would reach an agreement with the Federal Trade Commission. The FTC has been investigating Herbalife since 2014, following allegations made by Bill Ackman, who is shorting the company, as well as others that it is a pyramid scheme.
Here's what I can say with CERTAINTY about $HLF: NOBODY knows how this ultimately will end. Not the co. Not me. Nobody. Over/out.¿ Herb Greenberg (@herbgreenberg) May 6, 2016
And in election "news," President Obama gave a press conference Friday where he spoke about the economy and fielded questions about the election. The following exchange ensued.
Greatest moments in the WH press briefing room: pic.twitter.com/46fu6TLIp0¿ Charlie Spiering (@charliespiering) May 6, 2016