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

I'm David Brancatchio 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 a portfolio manager at Exchange Capital Resources.

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. 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 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, quarterlys 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.

Invidia, 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 clouds growth infrastructure

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

Susan Schmidt now at Exchange Capital Resources. Thank you.

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