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Why the BLS jobs report is the original fake news

Stocks (^DJI, ^GSPC, ^IXIC) are once again mixed at the midday mark. The real estate sector (XLRE) is leading and financials (XLF) are pulling in the rear. Keith Bliss of Cuttone and Company joins us live from the New York Stock Exchange.

To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance’s Myles Udland and Seana Smith.

Is the monthly jobs release the original ‘fake news’ report?

There’s a lot of information to digest in these monthly BLS reports. They tend to be very volatile, with the headline numbers frequently veering far from consensus estimates. Then you have the revisions, and more revisions. Our own Myles Udland is writing about the jobs release, and he’s calling it the original “fake news” report.

Dealers say they can help “refinance” negative equity through leasing

Car dealers are looking to help bailout car owners. The number of new-car buyers who are underwater on previous auto loans is just over 31%, according to JD power. The average amount of negative equity hit $4,800 earlier this year. Now, automakers are looking to help these people get behind the wheel of a new car.

Marijuana industry estimated to be worth $20 billion in 2020

The marijuana business is becoming more and more lucrative. Analysts estimate the industry will be worth $6.5 billion this year. What’s even more impressive—by the year 2020, the industry will surpass $20 billion. The high demand is persuading hundreds of students to pursue certificates to run their own marijuana dispensary.