The jobs report Friday affirmed Rieder's long-standing view that the labor market recovery is on track.

Frontier first announced the reverse stock split in May, when it also slashed its dividend by

Job creation surprised to the upside in the June non-farm payrolls report, but wage growth was weak and the the unemployment rate ticked up.

Economists are expecting just 177,000 new jobs to be reported for June and, after ADP disappointed, it may well be fewer than that.

Illinois, Connecticut and Pennsylvania are among the states that still have no 2018 budget in place.

Smartphones aren’t the growth market they once were, so the best play for investors is to find companies not limited to selling one chip per phone.