7/8/22

America’s “job machine” keeps firing on all cylinders. And Ford’s SUV recall is intensifying. A strong June jobs report helped keep all three indexes right around even, until moving lower over the final few minutes.

The Dow finished the day down 46 points to close at 31,338
The Nasdaq gained 13 points
The S&P lost 3.

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Back to that jobs report – the U.S. added 372,000 jobs last month more than economists expected. The unemployment rate stayed at 3.6%. Education and health services led job creation. Many say the strong number goes against fears of a recession.

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Ford’s recent recall of SUVs is intensifying. First, the automaker is recalling another 100,000 Ford Expedition and Lincoln Navigators. Then, you throw in Ford wants owners to park them outside. It’s all over a bunch of engine fires that can happen even when the ignition switches are off.

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Twitter is laying off a third of its talent recruiting team. It comes as the social media company waits for Elon Musk to finalize his purchase of Twitter. Reports today Musk wants out of the deal. Twitter’s stock is down 12% this year.

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From Los Angeles, I’m Brian Martin with your BEONDTV After the Bell report.