Sectors, however, employment was steady to rising in most other sectors. And throughout the nation, labor markets are set to remain tight. And widespread labor shortages were actually reported wage growth, however, something that weve talked about for a long time was modest to moderate home sales front, moderate variation. Now, prices rose at a moderate pace however, some businesses were indeed passing along tariff increases to consumers and i want to take you through a few of the regional comments which we got which in many cases represent an aboutface from the prior beige book in new york, sectors plan to raise their sale prices in 2020. And it rose significantly and they anticipate higher prices among manufacturers. One last thing here, in cleveland, retailers said tariffs put upward pressures on costs. So we have these districts around the country reporting that these tariffs are still working their way through the economy. It could potentially put some upward pressure on inflation
Next few days, sending sterling to a high. And kim jongun declares north korea a Nuclear Power after the latest test proves the weapon can reach anywhere in the u. S. I can only tell you we will take care of it. We have general mattis in the room with us we have had a long discussion on it is a situation we will handle good morning yes, youre watching street signs. Glad youre with us once again what were witnessing one hour into the trading session is a fairly strong rally when it comes to the banking stockses. I do want to tell you what the banks are doing, theyre on track for the best day in two months we have the european banking index on a tear. This is on the back of comments coming from the fed chair jom , nominee, jay powell. We have progress when it comes also to the tax bill all of this is positive for the u. S. Banking sector which had a spectacular day yesterday, up by 2. 6 the best single day performance since early march on the back of those comments from mr. Powell were s
500, and the nasdaq of higher. A big rally, the dow up five days in a row, the first time that has happened since the beginning of november. The best fivebased rate for the dow since april. The bulls are out, even for the nasdaq. Yesterday we had a mixed session. He nasdaq yesterday down 1. 3 there is follow through. Investors are buying the dip. , up 6 . Transfer the dow transport right now on pays for the best week since 2011. Lets break this down with the airlines, american airlines, united, delta all trading sharply higher. Behind this, a note from an analyst at ubs talking about the measure of revenue within the industry is likely to go up. There is strong seasonal demand. That could be a piece of what is happening with american airlines. An issue with a shortage of pilots for their airplanes and stronger than anticipated for demand. Breaking down the s p 500 rallied, all green. This is a great way to see what is happening sectorwise. All 11 sectors are trading sharply higher. Ene
Exchange on cnbc. Im wilfred frost. Im Courtney Reagan in for sara eisen nice to have you here today not on my own. Youre not on your own. We didnt strand you today very nice i feel relaxed good to have you back here lets have a look at the markets. The fed remains center on wall street today investors continue to digest the news that the central bank will begin winding down its 4 4. 5 trillion Balance Sheet next month. Yesterday the markets did not sell off the dow was up 0. 2 . The s p and nasdaq were either side of flat there was even room for bank stocks to rally the best part of a percent. Energy is the best performing sector bottom line is markets did not sell off theyre not selling off again today. Essentially flat in the premarket. Tenyear treasury note we did see a reaction. The peak was just shy of 2. 29 yields did increase. We are just slipping down a bit from there in general, the reaction was yields up a bit, and yield curve flattening a little bit. Of course yields had al
Exactly. I so i dont need to. Im sure theres a lot more viewers who join us as well at 9 00 a. M. Yeah, the ones who wake up after the football game. European markets certainly want to know about jim, they always ask, so we show them. There it is. Thats how were doing in the european markets and of course as we always do well show you the 10year note yield. Thats really been the story. Yes, thank you for saying that. Youre welcome. Approaching 2. 3, were back to where we were last december. Dollars very strong. Round tripped it. Yes. As this year gets towards its close. And theres crude down for the first time in a couple sessions. Last year at this time we were talking about three rate hikes. Its incredible were talking barely about one rate hike. If there was ever a reason why you would want three rate hikes, its the idea you have a president who favors tax cuts and more spending. Yeah. Its a combo we have not seen. No. And he may get. People do not understand how rare this is except