Are slowing down, the Manufacturing Sector in this Country Contracting a little bit. To the wall street journals Jillian Melchior who follows this very closely. Our own susan li as well. Susan, one thing surprised folks with the china data, this was not something to be expected and were seeing more and more data like that, less ominous than thought. Now stronger than thought. Reflation as well in the month of august. I love to remind people that china is no longer just a manufacturing hub. Services like here in the u. S. Account for more than 50 of the economy now. So it is not cheap factory floors. If you go to shanghai, beautiful skyscrapers, really fast train this is very positive, especially for an economy that saw the weakest growth in 2years. Neil one of the reasons why the futures was up. Hang seng was up 4 . It owed itself as well to the talk that they will meet some of the protesters demands. Well get into that in a second. Couldnt you flip it around, say Better Things look fo
Three categories. Despite tariffs and trade uncertainty business is still optimistic about the outlook. Not a whole lot of evidence of inflation in this report, which is interesting in light what we see of feds inflation page. In new york, manufacturers say input prices at a moderate pace. Selling prices flattened out. Reports of impact of pricing as it relates to tariffs were a bit mixed. Respondents feel like it will take a couple month to shake out to see the evidence there. Now i should note that this report does come before the president decided to enact a new tranche of tariffs on chinese imports that mostly target consumers. So take that as you may but bottom line here manufacturers continue to take it in the chin due to trade uncertainty but the Services Sector right now appears to remain intact. Back to you. Deirdre jennifer, thanks so much. Jennifer schoenberger there. President trump speaking moments ago on the trade tensions with china. The president says china wants to mak
Hurricane dorian continues to battle the east coast, we have update in North Carolina after storm made landfall only a few hours ago, all that and so much more on making money. Charles Federal Reserve chairman Jarome Powell speaking ongoing tensions with china, last time we will hear from fed officials before that september policy meeting, right now the betting is that they will cut at least 25 basis points. I want to go to fox business Edward Lawrence who joins us now with complete recap from the entire speech, not entire speech but recap. He also mentioned the jobs report that came out, the jobs report showing stable economic foundation, the Jobs Creation 130,000 in august, below the estimates but still very strong, white house economic adviser larry kudlow says that it doesnt matter that it fell short of job creation estimates because Labor Force Participation edged up and people are on the fringe of the labor force are coming back in. America is working, america is getting paid wel
I guess investors liked what they saw the dow is going to be up what maybe 80 points after whopping great gang in last two days same story with the s p up about a third of one percent. The nasdaq is going to be up a quarter of one percent. As of now by the way all three within a breath all time record highs. The political news of the day, my opinion good news for democrats howard shuttle starbucks billionaire will not run for the presidency so antitrump volt will not be split and it will be a straightforward election between mr. Trump and the left. On todays show is america the best performing economy . Will the market hit new highs were very close and yes, larry kudlow with the view from the white house. Varney company is about to begin. Yes we will have more on jobs report in just a moment hold on few birse former starbucks ceo howard shuttle will not run for the presidency he had a statement what did he say . Here request this is what he said, quote, not enough people today are will
So you only pay for what you need. Thats whats happening. We should also tell you about its a different kind of Wireless Network hong kong, which is also affecting the trade fight. Designed to save you money. Save up to 400 a year on your wireless bill. Saturday, widespread violence, police used a new weapon, blue plus get 250 back when you buy a new samsung note. Dye, to identify protesters click, call or visit a store today. Along with tear gas from the riot police and burning barricades from the demonstrators. Ominously, chinas state media today says the end is coming. We dont know how beijing will end it but that is ominous indeed. Then theres dorian. Devastating the bahamas, hovering, barely moving and its future track uncertain. That makes it very tough for the authorities trying to get a handle on evacuations. Bottom line, dorian will be a threat for much of this week. We are going to show you how and where its now hitting florida. Varney company is about to begin. Stuart let me