The ratio of unemployed Americans to every job opening fell in June to its lowest level in over four years, a positive sign for wages and the broader economy. That meant just under three workers sought each open job, marking a good deal of progress from the dark days of 2009, when the ratio was nearly seven workers per one job.
Les Moonves, the chief of CBS, said Time Warner Cable is asking the broadcaster to either give it digital programming for free or inhibit licensing deals with the likes of Amazon.
Trading volume has been muted, marking the lightest full-day action of the year, a sign that market participants are largely holding pat near historic levels. Investor focus on Federal Reserve has receded after last week's bearish payroll report suggested the Fed would not ease its monetary stimulus soon, while most of the bellwether companies have already reported.