Time now to check in on the trending stories in
the business world. I want to bring in CHS
Kin Scholl from the floor of the New York Stock
Exchange. We have a new read on the labor
market this morning. Break it down for us and
you're right. So just when the economy was expected
to maybe slow down. Today's report from the US
Bureau of Labor statistics showed that employers they did spend
no November filling jobs. 100 and 99,000 jobs were
added in November, partially due to workers coming off
of labor strikes. The unemployment rate fell 2/10 of
a percent to 3.7%. And health care saw the
biggest job growth adding 77,000 rules. While other sectors
that saw big jobs growth was government, manufacturing and
leisure and hospitality investors and policymakers have been expecting to
slow down in hiring so that the recent cycle of
rate hikes would cease while the feds next meeting.
Its decision on rates is coming Wednesday, December 13
and elsewhere. UK watchdog is looking into Microsoft's billion
dollar plus open A I investment. You're right.
So the UK S version of the Federal Trade Commission
is reviewing Microsoft's investment in open A I. Microsoft
laid out$10 billion for the chat GP T creator
. Earlier this year UK. S competition regulator called
the C MA said a growth right now is unrivaled
in economic history. Looking into how much control or
material influence software giant Microsoft has over its new deal
. And later today, the European Union is deciding
on landmark regulations of A I technology. Microsoft isn't
the only big tech firm investing in A I.
Google is also getting into the game, right?
Kristen. Yes. So Google wants to use Gemini
A I to tell people their life story, users
would get a bird's eye view of their life story
with A I like Gemini ingesting search results, spotting
patterns in users photos, creating a chat bot and
answering quote previously impossible questions and quote about a person's
life and demonstration. Google said quote, imagine opening
chat GPT but it already knows everything about you.
End quote. That sounds a little scary. And
speaking of technology, Elon Musk is pushing for a
change at a formally known as Twitter. Of course
, what is he thinking? Yes. So Elon
Musk is asking the US Supreme Court to review his
quote Twitter, Sitter and quote agreement. Musk and
Tesla made a deal with the SEC that Musk would
have someone review all of his tweets about Tesla before
he posted them. The idea was to curb any
inappropriate influence over Tesla's performance attorneys for Musk said the
deal violated their clients freedom of speech. And meanwhile
, Musk said yesterday that he's considering allowing conspiracy theorist
Alex Jones back on X said not feature would correct
any false statements that someone posted that the responsibility of
fact checking on the people reading the tweets. Well
, Musk also wants Disney Chief Bob Iger to be
fired posting quote while Disney is turning in his grave
over what Bob has done to his company end quote
. Because Disney, like several other major companies have
pulled advertisements from X this past month after Musk endorsed
an anti Semitic conspiracy theory. Kristin Schoeller live on
the floor of the New York Stock Exchange. Thank
you, Kristen. Have a great weekend.