I want to get to julie hyman with more on that news. That number is coming in worse than estimated. A 49 is what an is what economists said. This manufacturing number coming in worse than estimated. It is also a contraction at the path contraction at the fastest pace in six years. Readings under 50 do indicate contraction. This adding to the already negative tone we have seen this morning with stocks deeply in the red. It looks like it will be the worst one day selloff for u. S. Stocks. We had that steep decline in the correction. Began in china, where he also had a steep selloff you the shanghai composite falling 5 . This being triggered by manufacturing numbers there as well. If we can take a look at some of those chinese stocks we have been missing and chinese groups on the move, down nearly 7 on the day. This is the etf that attracts the onshore stocks in china. The individual stocks are also lower stocks. Alibaba participating. We are seeing this rotation from last year. We are se
Residential mortgage credit. Cory dudley said recent economic headline head winds like the jobs report are temporary. New data shows the biggest part of the economy is holding up Service Industries. They are roughly on the same page as february. Real estate firms, rental companies and management support firms among those Service Industries report the strongest growth last month. President obama spent the weekend defending the Framework Agreement over the iran nuclear program. He said the accord does not mean the u. S. Will forfeit military superiority or fail to protect israel. Here is the pred speaking to the New York Times president obama what im willing to do is make the kinds of commitments that would give everybody in the neighborhood, including iran, clarity that if israel were to be attacked by any state, that we would stand by them. Cory meanwhile, irans state news agency said the ayatollah had full knowledge of the nuclear deal. Some iranian hard liners criticized the agreemen
Cory dudley said recent economic headline head winds like the jobs report are temporary. New data shows the biggest part of the economy is holding up Service Industries. They are roughly on the same page as february. Real estate firms, rental companies and management support firms among those Service Industries report the strongest growth last month. President obama spent the weekend defending the Framework Agreement over the iran nuclear program. He said the accord does not mean the u. S. Will forfeit military superiority or fail to protect israel. Here is the president speaking to the New York Times president obama what im willing to do is make the kinds of commitments that would give everybody in the neighborhood, including iran, clarity that if israel were to be attacked by any state, that we would stand by them. Cory meanwhile, irans state news agency said the ayatollah had full knowledge of the nuclear deal. Some iranian hard liners criticized the agreement saying iran gave up to
A bit yesterday in yield. As for crude oil which has been the key to the stock market of late, you can see we are down on the allimportant wti crude. Lets get to our road map this morning on squawk on the street. Markets set for a lower open. Even as gdp comes in above estimates. The fed outlines the end of that bondbuying program. Visa and mastercard both higher premarket after reporting results ahead of the streets expectations. Both companies citing higher volumes. One of the most high profile executives in the world, apples ceo tim cook announces he is proud to be gay in an oped this morning. The Commerce Department says gdp expanded at a 3. 5 rate the Third Quarter. Stronger than expected results aided in part by a jump in exports and increase in military spending. Meantime, jobless claims rose last week by 3,000 to 287,000, but the fourweek moving average fell to levels not seen since may of 2000. The data coming out one day after the fed announced an end to its bondbuying progra
Office in ohio retaliation for maralago it was a terrorist act in cincinnati, ohio what were learning about the gunman, his january 6th past, and his alleged truth social posts. Author Salman Rushdie violently attacked on stage. Ready for signature, democrats pass their marquee mega bill and the wouldbe bank heist turned tunnel rescue live from cnbc, the facts, the truth, the news with shepard smith. Good evening. The fbi is investigating former President Trump for potentially violating the espionage act. Thats just one of the bombshells contained in the federal search warrant for top secret documents that mr. Trump allegedly stashed away at his florida mansion when he left office today at the request of attorney general Merrick Garland and with no objection from the former president , a judge publicly released the warrant and a list of items fbi agents seized during their search of maralago on monday the list includes a trove of top secret and classified documents, information about t