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Endingection is about the grotesque levels of income and wealth inequality in america today. [cheers and applause] sen. Sanders it is not moral, it is not acceptable, and it is not sustainable, that the top 1 10 of 1 now owns almost as much wealth as the bottom 90 . [booing] top sanders or that the earnedrecent years, has 85 of all new income. That is unacceptable. That must change. [booing] sen. Sanders this election is about remembering where we were seven and a half years ago, when president obama came into office after eight years of republican trickledown economics. [cheers and applause] sen. Sanders the republicans want us to forget that as a result of the greed, recklessness, and illegal behavior on wall street, our economy was in the worst economic downturn since the great depression. [cheers and applause]. Sen. Sanders that is where we were. That is where we were. Month wereple a losing their jobs, 800,000 people. We were running up a recordbreaking deficit of 1. 4 trillion, a
About 30 minutes into the trading day in the u. S. We start with Economic Data. Julie manufacturing get expanded july, but it was at a slower pace. This is an institute of supply management. 52. 6. Coming in at we should mention, the median forecast was 53. Coming in a little below at had what had been estimated. Employment contracted for the seventh month as part of this report. We get the overall jobs report friday. The major averages remain mixed in the wake of this report. Snp pulling back slightly. Nasdaq is trading higher. Goldman sachs cut stock to an under weighted tactical trade, but nonetheless, adding to bearish sentiment this morning. If you look at the groups on the move within the s p 500, Energy Shares of the worst performers, down 1. 9 . We do have health care holding up well. Those of the opposing poles at the morning poles at the moment. Energy is falling because oil prices, which are pulling back for the seventh session in the past eight. Getting close to 40 a barrel
The bank of england. It is almost as you get a 25 basis point rate cut. That is what the market expected eight. It is almost deja vu, anna. But how doom and gloom laden will the prospect before inflation . Anna a lot of focus on the bank of england. Let us get to the breaking news from the corporate world, numbers coming in from siemens. We have numbers coming in at 2. 1 9 billion euros, ahead of the estimate of 2. 09. So far ahead of the estimate, seems they are actually upping guidance once again. We her not long ago from siemens that they will basically be 670, that is the euro range. They had seen it at between 640, upping that guidance. We will talk later on to the Ceo Joe Kaeser. Well talk to him about that upgrade to guidance, just how convinced are they about how they can do in all of the energyrelated indices they have been turning attention to. Europes biggest Engineering Company, in munich. Let us get to the pharmaceutical industries. We have merck in germany giving us numbe
A broadening verizon. Yahoos long fight for survive comes to an end. This episode of sportscenter is presented by verizon. Is said to be offering 4. 8 billion for the assets. Carol massar take it caroline hyde, take it away. Ericsson shown door after 28 fantastic years. The shareholders went out. The c. E. O. Is shown the door. Futures up and ready to go. We are seeing currently flat outlook. Not a single move when you are looking at the futures. Cat 40 down by. 1 . A little bit of profit taking. Remember the b. O. J. This week and the Federal Reserve as well. Check on the assets. Asian stocks have been trading. We have seen the asiapacific up, clinging on to gains by. 1 despite the slump about we have seen in nintendo. Scales of opportunity are limited when it comes to the exuberance surrounding pokemon go. So much hope for stimulus coming from the bank of japan. Gold as you see currently down. 4 . Lastly, oil up by. 3 . That is what we see, the pick up in riggs making the numbers sen