Almost all said the economy is growing fast enough to keep the Unemployment Rate stable or moving lower. Inflation was seen as likely to continue moving higher as the influence of energy and Commodity Prices diminished, although the risks of a stronger dollar were noted the minutes say. As for the market and International Developments that had led them to postpone a september move, they had lessened, the minutes say, market volatility had abated and u. S. Financial system had appeared to have weathered the turbulence in the Global Market without any sign of systemic stress. Consumer spending had remained solid. Business spending was perhaps stronger than had been anticipated given the drop in fracking Energy Production and even given the slower job growth we had seen a number of members reported that companies were telling them it was getting harder to higher workers. Two other key points, in assessing whether to raise rates, they will assess whether Current Conditions are good but the
Chinese factory activity fell to the lowest level in three years. That reinforced concerns that china pot slow down is getting worst during is getting worse. Futures in new york have fallen as much as 4 today. They had risen 27 in the three days through yesterday. To build obama wants new coast guard icebreaker that could operate yearround in the polar region. The president will pose that today in alaska, part of a threeday trip. Focusday mr. Obamas was on climate change. He says it will define the century more than any other challenge. President obama human activity is disrupting the climate. Climate is that changing faster than our efforts to a dress it. Vonnie temperatures in alaska have risen twice as fast as global averages. Apple tv may be going hollywood. Bloomberg news is reporting entertainment executives holding talks about exclusive shows for apple tv. Appled allow apple is planning a live tv service. In tennis, Serena Williams first round match of the u. S. Open was little
R. I. M stephanie ruhle. Brendan i am not Erik Schatzker. Im stephanie ruhle. Stephanie excited to have you here. Brendan thank you. Stephanie do you mean that . Brendan the energy here is amazing. The top stories the biggest threewith hiring spree in 17 years. Think about that. Stephanie ruhle was two years old the last time it was this good. Employers added 250,000 jobs beating estimates. Wages rose more than expected. Here is alan kruegers take. Alan i think this is a terrific report and it also suggests that last month did in rages last months dip in wages was an anomaly. It is very positive for the economy. Brendan the jobless rate ticked up to 5. 7 , an indication where people are entering the workforce. Shares of twitter surging at the open, up almost 13 . The Company Posted revenue that beat estimates, and twitter forecasts the number of new users will pick up. They likely would forecast that. They have been adding features to attract users and advertisers. Investigators probin
I am Erik Schatzker, here, 10 00 in new york city. I am carol massar, everybody. Stephanie ruhle is off today. We have raking economic news. This is a gauge of the u. S. Manufacturing economy. Just coming in right now, 57 is so reading, the economists we surveyed were looking for 56. 8, so call it in line. Above 50, carol, indicates an expansion, so it is not the u. S. Manufacturing economy is on fire, but it is growing. For thers more evidence continuing growth of the u. S. Economy. With all that final reading on Third Quarter gps 4. 1 , surprising just about everybody. And that latest regan manufacturing up read on manufacturing up. Lets get to the news feed. Macys settled a legal dispute with martha stewart. Whether her company reached a contract buys selling items with j. C. Penney. The deal does not affect its claim against pennies. Cosmetics maker revlon shutting down its operations in china. Revlon has not been able to get much traction there. China accounts for just a tubing pe
Executive controversy at the New York Times. Julie hyman examines a new bloomberg poll on targets data breach. We begin with Phil Mattingly and the cyber spying charges against five chinese monetary officials. An escalation of what has been a years long running battle between the u. S. And china over economic espionage and Cyber Security issues, the u. S. Justice department by far took the largest step in this fight with direct ties to the liberation army. It charges are for economic espionage and the theft of tracy good. The u. S. Felt it did not have any other choice am a something underlined by the attorney general eric holder in his press conference today. When a foreign nation uses tools against an american exit american executive or corporation to retrieve specific information for this for the stateowned companies, we have to say enough is enough. A total of Six Companies were identified for monthly include Companies Like Westinghouse Electric and marcoux up the namebrand compani