Week, the bullish sentiment reading, the Retail Investment strategy. Many think, when they get super bullish, they will go in the right direction. Aiis going south in 2016, same in 2017. Last year, pretty correlated. Right now, pretty divergent. The bullish sentiment reading at a three year low. Some would say this is a bullish sign for stocks for the rest of the fourth quarter. Metal ive got the palladium on the mind. Offing a high today writing safe haven demand. China wants more talks before president xi agrees to sign phase one of trade deal. Worries about the tightening supply of the metal are still in play. The middle has gained more than 35 year to date. Incline since a steep drop that happens in june. Taylor we know that the treasury markets are closed today but one way we will be able to look at treasury yields is to look at the futures market. It is showing us that yields still are falling a little bit. We are down to about a 161 on the 10 year. Know it has been steepening a
Such a big mess. We will have that summary in just a moment. In the meantime, lets take a look at factory orders for august. They were down just 0. 1 when the market was looking for a to klein of 0. 2 for a decline of 0. 2 . Theres a potential Market Reaction there as well. Lets bring in our International Economics and Foreign Policy correspondent michael mckee, who is in washington, d. C. For us. Even though this number is an expansion, it missed the 55, and that is really what the market was looking for today. Michael the market has decided the economy is rolling over, and a weaker pmi, even if it is still positive, helps confirm that feeling. Take a look inside the number. You can see the chart i have shows the ism nonmanufacturing index is up. It is still positive, but it drops a little bit to 52. The new orders index and the Employment Index both fall, and that is a significant contributor to what is happening in the markets because the new orders index falls by six points. Drop,s
That is what ive been hearing. Lets look at the risk off tone in europe that is being hit the hardest. We are now at eight straight down days and have not seen that kind of streak since 2014, the dax hit particularly hard. A bit of a safe haven bid as far as bund yields. That does not feel like a risk off move in bunds. The dollaryen down 6 10 of 1 . The bloomberg Commodity Index down 3 10 of 1 . Not just oil and copper, the base metals across the board hurt. David now we turn to emma chandra. Emma Senate Republican leaders may have made tax reform a little more complicated. They decided to add repeal of the obamacare individual mandate to their tax package to help them meet the fiscal target but will change the vote calculations in the senate and house. Twice the senate tried and failed this year. The russians have agreed to restructure more than in venezuelan debt. The Credit Rating firm declared venezuela and its state oil company to be in default after missing payments. In zimbabwe
Secretary wilber ross are scheduled to meet in washington. Topic is trade. Cyberattacks. The countries, 200,000 the weekend. Other about who he was hit . We had people from Healthcare Telecom and Car Manufacturers manufacturers. In terms of france we had car to shut downad production at a number of plants this. To mitigate theres a disruption in germany on the trains and Telecom Companies reported some disruption in their services. Whenever a hospital gets thats a serious business. How sophisticated was this . Take patch out in march and put it on your microsoft, it fine. Be i think it wasnt too hard these people to mitigate once they were affected. Pretty easy to have taken some precautions that meant you were not going to be affected by this. Saw a number of companies that had not taken those precautions. Surprising. In term of sophistication of most people think it was not too sophisticated. We know thatlf, as the u. S. Oped by National Security agency. Anybody could use that tool t
[applause] good morning and welcome to the center for American Progress. My name is carla martin. Im the the Vice President for policy. It is my honor to welcome to this exciting event. Our lineup today is a real testament to the importance of this issue to this administration and to president obama. Nearly one in three americans has some type of criminal record that creates barriers to employment, housing and many other pathways to opportunity. Some americans with criminal records are even barred from casting a ballot which denies the right to participate in our democracy after they have paid their debt to our society. The impact of these barriers goes beyond those previous convicted of a crime. Criminal records are a family sentence. In fact, they have found that nearly half americans children now have a parent with a criminal record. Study after study has shown that the barriers associated with the parents criminal record can severely limit the childs opportunities and lead to worse