Intraday, but havent closed above it in quite some time. Looking to see whether we can break that streak. Took a look at whats been happening in the treasury market. The and year8 on treasury right now. Just two weeks ago, we were about 25 points below where we are today. A lot of that selling coming into treasuries doesnt seem to be abating. Mind, a lot of the activity we are seeing in the activity we are seeing in the u. S. Dollar is tethered pretty strongly, at least today, to what is going on with the pound and with brexit. Then you see crude oil, very fragile market here. A lot of folks looking at the demand side of the equation. The Global Growth picture really isnt Strong Enough to build into this 53. 24 that is your number on wti nymex crude. Guy the pound unchanged as we await to find out was a Prime Minister has the numbers to get his deal over the line. We now know a vote will take place tomorrow. Be dax up by over 1 . Stocks like wirecard having a very good day. In westmins
An end. The Investment Committee is ready to go. Halftime report starts right now. Welcome. Good to have you with us on this monday. Our Investment Committee at the table. The managing partner in houston, home of the astros. Im throwing you a Little Something there. And cnbcs jim cramer. Jim, you heard carl run down the list, 12 dow components. You want to tell us what you think is at stake this week . I think its an interesting week because there was a lot of pin action today. We had a couple of Companies Report very good numbers. Lets look at let me give you one that people should be talking about dov. These were very good numbers. We also had what i regard as being an important tell again. I wish stephanie were here. We both feel United Rentals is a terrific tell of the economy. It was very strong. I use those as the weakest part of the situation has been the industrials. Then you look at coke and pepsi co. You and i both know the ceo. That Company Reported a great quarter. They did
Were on strike. They were counted out of work. Temporary census workers were laid off. Going to underlying strength ever economy. Look at net revisions for august and september, number of jobs was revised up by 95,000 jobs. You look at wage growth at 3 over the past 12 months. Low enough where the Federal Reserve is not seeing inflation pressures. White house Economic Advisors taking a victory lap on the report playing a little politics. White house Economic Advisor larry kudlow starting to talk about tax cuts 2. 0 to be proposed next year. The president would love to see another round of lower taxes to help middle income workers and wage earners give them as much, disposable income as possible. We are talking, again, informally at this moment. Reporter but nothing formal at this point. Ism manufacturing number. It came in at 48. 3. Anything under 50 is contraction. This may have also been impacted by the gm strike as the bureau of labor statistics wrote in the report, quote, within ma
Night, caterpillar warning this morning. Money moving into the bond market. Yields lower by about two basis points. Time now for global exchange. And london to you new york washington, our bloomberg voices are on the ground with this mornings top stories. U. K. Prime minister Boris Johnson will Face Parliament after lawmakers blocked his plan to rush the deal into law. We now face further uncertainty, and the e. U. Must now make up their minds over how to answer parliaments request for a delay. Alix European Council president donald tusk earlier signaled that the eu was likely to do. In order to avoid a theeal brexit, i recommend eu 27 except the u. K. Request for an extension. For this i will propose a written procedure. Anna edwards is in westminster. Anna the Prime Minister is concerned. There are two paths that could lie ahead. One of them is to change the type of the existing agreement billed to give it another chance in parliament, to see if it can get support after its got more
I think its going to be significant, 46,000 or 48,000 but you have the supply chain for gm, all of the construction around gm, so youve got a lot of ancillary folks that have been out of work and manufacturing isnt necessarily what drives the economy, its the consumer primarily and we are a service economy, and even though the numbers might be good, its the manufacturing thats really going tamp down here. Neil john, one one of the thins that im hearing to daniels point, not just 48 to 50,000gm striking workers impacting this but up to 200,000 more in ancillary business suppliers and the rest. What do you think of that . I think the estimate that roughly 75,000 to 80,000 jobs being temporarily lost because of gm strike. Neil okay, so if thats the case and they factored that in, is this just a oneoff, what do you think . A lot of reasons it can be a oneoff, results of slowdown at boeing, census workers who were temporarily hired and maybe are coming off the rolls, a lot of noise in the n