Lackluster ADP data suggest that August's mediocre job growth likely seeped into September, too, says Morningstar's Bob Johnson.
Many of the effects from the shutdown haven't even touched the economy yet, says Morningstar's Bob Johnson.
Some quirks boosted the September employment report, but several factors--including higher wages and a construction upturn--suggest tailwinds for further improvement ahead.
The slow-recovering employment market will need a boost from housing construction and a realignment of worker skill sets to get back to full health, say Morningstar's Bob Johnson and Vishnu Lekraj.
Strategists from Bank of America Corp. to Wells Fargo & Co. predict dollar-denominated corporate bonds will outperform stocks this month if political gridlock persists with the government partially shut down this week.
Groups from Salt Lake City, Charlotte, N.C., manage close to $500M combined.
President Obama met Thursday with chief executives from the largest U.S. banks, including Bank of America Corp., JPMorgan Chase & Co., Citigroup and Goldman Sachs, according to a White House official.
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