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Unemployment rate hits lowest level since recession

Wall Street is treading carefully . Stocks started the day mixed after the Labor Department reported that employers created 178,000 in November and the unemployment rate fell to a nine-year low of 4.6% down from 4.9% the previous month. This stronger-than-expected report could pave the wave for the Fed to raise interest rates when they meet in a couple of weeks.

Trump-enomics

It’s still 49 days to Inauguration Day, and as the choices of President-elect Trump for key positions roll in, many key tenets of his economic plan are getting rolled back, including infrastructure spending, tax cuts, and trade relations with China and Mexico. How will the economy react to Trump’s key Cabinet selections and his economic plan as it continues to unfold and morph.

Starbucks executive shake-up

Howard Schultz is stepping aside as CEO of Starbucks (SBUX) and become executive chairman. The company’s current president and COO Kevin Johnson will become the coffee giant’s next CEO in April. What does this mean for the future of Starbucks?

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Stocks to watch

Smith & Wesson (SWHC) were lower this morning. The nation’s biggest gun manufacturer gave a weaker-than-expected outlook for the current quarter and lowered its profit guidance for the year. Still, it posted a beat on both its top and bottom line for the quarter that ended in October, driven by a 63% jump in sales.

Ulta Salon (ULTA) stock soared in early trading. The company continues to wow investors. It raised its outlook for the year once again after delivering better-than-expected earnings and revenue for the third quarter. Revenue shot up 24% thanks to strong same-store sales and a surge in online sales.

Five Below (FIVE) shares are also sharply higher. The discount retailer gave an upbeat outlook for the current quarter after reporting earnings that topped analysts’ estimates for the third quarter, but revenue came in a tad shy of forecasts. And both profit and revenue rose from a year ago with sales up nearly 18%.