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-- good news though for your 401K today thanks to some very positive jobs numbers the Dow 24 NASDAQ twenty.
S&P 500 up six.
This comes as the number of unemployment claims fell last week to 339000.
The second lowest level in more than five years.
Analysts say that suggests layoffs have declined in the job growth could pick up a bit from last month.
Investors were also apparently pretty pleased with strong earnings reports from some very big companies.
Peter -- for the rest of the business from BC hey Peter.
-- that's right more than two thirds of the companies in the S&P 500 that have reported earnings so far have beaten profit forecasts but.
We should point out the companies and analysts had lowered expectations.
Because of fears of the impact of budget cuts and higher taxes on the economy and profits UPS and Dow Chemical or among the companies that.
Beat projections today and claims for unemployment insurance as you said came in lower than expected which may mean stronger job creation around the corner.
One of our best labor market predictive tools -- -- its holding in.
The -- which tells us.
-- that we will see some re acceleration in the pace of hiring if not an April then certainly later on in the second quarter.
But other economists were not as optimistic about a new burst of hiring saying that the lower unemployment.
Reflected the end of unemployment benefits for many workers not a stronger job market -- all right Peter in first quarter.
Earnings for Amazon.com.
Doubled Wall Street's estimates the online retail -- today reported 822%.
That brings its revenue to just more than sixteen billion dollars.
For the first three months of two -- -- thirteen the experts say Amazon's growing digital content sales helped boost those earnings.
Amazon of course is one of the biggest companies lobbying for congress to pass a new law one which could force online retailers to charge you local sales tax.
EBay is among the sites that oppose it claiming it would impose huge complications on sellers as well as more taxes on buyers.
Supporters say it would level the playing field for brick and mortar stores that already have to charge -- tax.
Chapel Hill might.
Push up the bill passed a procedural vote in the senate late today this is the new reality as more and more Americans are not supporting.
Mom and pop in part because they're getting -- savings.
From online and so the reality is for those -- on the Internet at this point the Internet merchants are not required to charge sales tax.
Unless they have a physical presence in that state meaning -- the war or distribution center.
That's a big advantage over mom and pop stores that have to lease space and also hire local employees.
Here's a sample of some of the back and forth and the senate including the argument that state and local governments could use the cash.
This is the money they used to provide basic services.
For the people that lived in the communities.
Around these local stores.
We're talking about a bill that would impose new costs on businesses throughout the country.
Costs that will most certainly impact the ability these companies to grow and expand.
Also tonight the senate is working on a -- to those FAA furloughs that have led to.
Delays in flights across the country they're trying to pass by unanimous consent giving some flexibility to the Department of Transportation.
The spread the money around so air traffic controllers are not furloughed.
If it passes tonight -- would go to the house for its approval champ Mike Emanuel live on Capitol Hill.
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