May jobs report shatters expectations

June 1, 2018 at 8:50 AM

Yahoo Finance’s Alexis Christoforous, Rick Newman, Jared Blikre, and Liz Ann Sonders of Charles Schwab discuss the big stories of the day.

Some of today’s topics include:

Unemployment falls to 3.8%
Big Lots and Abercrombie & Fitch report quarterly earnings
US applies tariffs to Europe, Mexico & Canada
Deutsche Bank CEO tries to reassure employees after credit downgrade
Google blames vandalism for linking California GOP to Nazism
Apple gearing up for developers conference
Walmart unveils personal shopping service
Facebook nearing original content deal with Fox News, CNN: Rpt
Auto sales expected to decline for May: Rpt

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Yankees pitcher Fritz Peterson, infamous for trading wives with a teammate, dies at 82
Former New York Yankees left-hander Fritz Peterson died at the age of 82. He is probably best known exchanging wives with teammate Mike Kekich in the 1970s.
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Boban Marjanović hilariously misses free throws on purpose to give Clippers fans free chicken
Boban Marjanović is a man of the people.
4d ago
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Robert Kraft reportedly warned Falcons owner Arthur Blank not to trust Bill Belichick during head coach interviews
Bill Belichick's former boss Robert Kraft reportedly tanked his chances of getting hired as the Falcons head coach.
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UFC 300: 'We're probably gonna get sued' after Arman Tsarukyan appeared to punch fan during walkout
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5d ago
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Rob Gronkowski's first pitch before the Red Sox's Patriots' Day game was typical Gronk
Never change, Gronk.
4d ago
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Nike responds to backlash over Team USA track kits, notes athletes can wear shorts
The new female track uniform looked noticeably skimpy at the bottom in one picture, which social media seized upon.
5d ago
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2024 Masters payouts: How much did Scottie Scheffler earn for his win at Augusta National?
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4d ago
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Trump Media stock jumps for second day as company goes to battle with short sellers
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MLB Power Rankings: Braves, Yankees surge to the top, followed by Dodgers, Orioles, Brewers
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2d ago
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76ers' statue for Allen Iverson draws jokes, outrage due to misunderstanding: 'That was disrespectful'
Iverson didn't get a life-size statue. Charles Barkley and Wilt Chamberlain didn't either.
6d ago
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Lions revived alternate black jerseys for Dan Campbell on 1 condition
The Detroit Lions revealed their new uniforms, which include a black jersey that head coach Dan Campell wanted the team to revive.
3h ago
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TechCrunch Minute: New Atlas robot stuns experts in first reveal from Boston Dynamics
This week Boston Dynamics retired its well-known Atlas robot that was powered by hydraulics. Then today it unveiled its new Atlas robot, which is powered by electricity. The change might not seem like much, but TechCrunch's Brian Heater told the TechCrunch Minute that the now-deprecated hydraulics system was out of date.
2d ago
Autoblog
Report: The Toyota Highlander is going all-electric
Recent reports point to a new Highlander EV and plug-in versions of Toyota's trucks.
14h ago
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Former Augusta National Golf Club employee charged with stealing millions in Masters memorabilia
The former employee was a warehouse coordinator in charge of Masters memorabilia.
14h ago
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Caitlin Clark reportedly close to 8-figure deal with Nike that includes signature shoe
Clark's endorsement deal with Nike is set to dwarf her WNBA salary.
1d ago
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LSU transfer Hailey Van Lith reportedly headed to TCU
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How Victor Wembanyama's rookie season ranks in NBA history
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Tesla layoffs hit high performers, some departments slashed, sources say
Tesla management told employees Monday that the recent layoffs -- which gutted some departments by 20% and even hit high performers -- were largely due to poor financial performance, a source familiar with the matter told TechCrunch. The layoffs were announced to staff just a week before Tesla is scheduled to report its first-quarter earnings. The move comes as Tesla has seen its profit margin narrow over the past several quarters, the result of an EV price war that has persisted for at least a year.
3d ago

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May jobs report shatters expectations

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