The New York Stock Exchange and phil flynn keeping his eye on the gold at cme and blake burman at the white house. Edward lets start with you. The jobs report last time we saw 3. 5 unemployment an american walked on the moon. 1969 was the year. President donald trump over the moon about this jobs report. White house Economic Advisor larry kudlow though says he is blaming the fed for the sluggish wage growth number in these numbers. Listen. One were still suffering the aftermath of severe monetary restraint in 2018. That restraint is being removed and in fact were about six to nine months that is the usual lag, so i think, the worst of that fed obstacle may be coming to an end. Reporter now one of the numbers in the report that has been overlooked really is the revisions. They have, jobs report for the last two month was revised up 45,000 jobs. That means last month the economy created 168,000 jobs, up from 130,000 jobs that makes last month a little bit slower jobs report look a lot be
Admissions scandal. What his time behind bars could mean for the rest of the cheating elite. Cashing in on content. Tech giants like netflix and amazon dishing out billions of dollars in the streaming wars. The hollywood titans are joining the fight. Susan fox Business Team coverage, blake burman at white house. Edward lawrence with the latest on trade in d. C. And gerri willis on the floor of the New York Stock Exchange. Lets start with blake. Reporter this ninepage whistleblower complaint alleges that some in the white house were so concerned on the july 25th call between President Trump and new uranium president zelensky, that the white house officials were concerned that the white house used the call for personal gains. That the white house lawyers made sure the call records according to the complaint and transcript were placed on lockdown. The whistleblower alleges because of that concern the transcript was then put on on to a more secure server. Here from the whistleblower compla
New York Stock Exchange will start. Edward of course with you, youre the man of the hour. I guess jay powell is. Take us through the day. Reporter heard what he said there, 25 basis point cut to the federal fund rate. There was very divided fed we saw here. Very divided committee on the fed funds rate. There were three dissents. The last time there were three dissents in the opposite directions, december 2014, five years ago. We had st. Louis fed president jim bullard who believed there should be a 50 basis point cut today. There was esther george, kansas city Federal Reserve president and Federal Reserve president of boston Eric Rosengren believed there not be a cut at all. The Federal Reserve is not forecasting recession as we go forward. Theyre not forecast anymore rate cuts this year however chairman Jerome Powell pushed back on that a little bit, that theyre watching the data coming in. Things may shift related to that, looking at volatility and uncertainty out there. Listen. What
Wellpositioned to win the streaming wars. It is all coming up today on coast to coast. Our top story, new reports say saudi arabias oil out put will indeed return to normal levels maybe the next two or three weeks. That is a lot quicker than the months we originally had been hearing. It comes as iran is now responding to the allegations made by the u. S. Blake burman at the white house to pick up the story from there. Whats the latest, blake . Reporter hi, there, connell. On the political side of things the white house is still walking a fine line saying that they believe iran or at least at this point signs are pointing to iran being behind the attack on the saudi oil complex. They are not yet willing to definitely say that they are absolutely certain that is indeed the case. Remember as part of the response from President Trump over the weekend, his initial response was that he said that the u. S. Was quote, locked and loaded. Yesterday on three different occasions when we heard from
Melissa im melissa francis. This is after the bell. First, here is what is new at this hour. President trump on his way to North Carolina. The commanderinchief will tour damage from Hurricane Dorian ahead after Major Campaign rally later tonight. Were live at the white house with breaking headlines and what the president told reporters before taking off. It was a lot by the way. Boris johnson is expected to formally suspend parliament as a controversial resignation throws more uncertainty into the mix. The next step for brexit, the consequences for the new Prime Minister. And just days before she is due in court, Felicity Huffman is explaining her role in the College Admissions scandal. The latest on the actresss defense and how much time prosecutors want to serve behind bars. Connell fox Business Team coverage. Christina part on floor of new york stock exchange. Blake burman at the white house. Edward lawrence on capitol hill. Hillary vaughn, we mentioned tech is outside of the Suprem