Used cars aren't cheap, but the savings is getting better if you choose pre-owned over spanking new.

I'm David Brancaccio in New York. First, the private payroll company ADP reported a lot more people

than expected were added to payrolls this month. True, the more closely watched data on hiring and

unemployment is not due from the government until this

Friday. But this is new evidence. The American Jobs Machine is still putting people to work.

Susan Schmidt is now portfolio manager at Exchange Capital Resources. Good morning.

Good morning. Well, a delightful surprise if you are in the labor market, most of us, ADP, the payroll company, says a lot of people got hired this month.

A lot of people got hired this month. Far surpassing expectations. ADP private payroll announced a positive 233,000 jobs. That's the most since July of 2023 and certainly surprised in the market to the

upside, expecting some sort of tempered number given that we've had hurricane strikes,

etc. This should have been a downward influence. We also have a lot of profit reports,

quarterlies from technology companies. Google Alphabet shares are up this morning,

quite strikingly, but other companies are to come. This is a big week for investors because

our biggest companies are essentially all reporting this week. We've got Facebook and Microsoft

today after the close. Apple and Amazon reporting tomorrow, Thursday after the close. Invity, of course,

also very important to the markets, but off cycle. That doesn't report until November 20th.

But investors are really tuned in. This is going to be about cloud growth, infrastructure,

AI, and investors, of course, want to know about these hot topics.

Susan Schmidt, now at Exchange Capital Resources. Thank you. Thank you.

Bondmark is up, pulling the 10-year interest rate down to 4.21%. Today, U.S. economic growth

came in at a healthy 2.8 percent annual growth rate for the summer to fall quarter,

but it's slightly down from a quarter earlier, with consumers and businesses still spending along.

Internet searches and running remote computers in the cloud, all that's still printing money for alphabet

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