Fed to hike. Tens around 2. 15 and oil is north of 46. Road map begins with the jobs number falling short of estimates and whether this changes the math for the fed in september. And disney flexes its promotional muscle. Force friday is upon us and star wars merchandise is already selling out. Also ahead, no news is good news, or no news is news. Twitters Board Meeting comes and goes without a ceo announcement. First up the ball is in the feds court. 173,000 nonforeign jobs developed in august. Thats below consensus. Marks the smallest gains in five months. Unemployment rate falls. 2. Thats close to a 7. 5 year low. We had some we mentioned the revisions. August tends to be revised up on average about 75,000. Again, the talk is where is that line for the fed . What would have been Strong Enough for them to hike, lacquer on the tape saying he didnt care about this number h. Hes ready to move. We knew that from the title of his speech. People will Start Talking about the fact that you me
There is concern that Government Intervention to prop up the market will fail. Meanwhile, fed vice chairman Stanley Fischer hinted that raising rates has not been ruled out. Mohamed elerian said investors should not count on the fed to ride to the rescue. Market has been conditioned to view the Central Banks as their best friends, so whenever there is a hiccup, people look to the central bank. I do not think this time around the central bank is going to respond. The fed has reason to not do qe4. A new poll shows Bernie Sanders is now with Hillary Clinton and iowa. He has picked up 25 Percentage Points since january. He opened about his growing momentum on cnn. Bernie sanders all over this country we are generating enormous enthusiasm. People do not understand why the middle class of this country is collapsing at the same time as almost all of the new income and wealth is going to the top 1 . Another poll has donald trump in front at 23 , followed by ben carson, ted cruz, and scott walk
How this all plays into the Federal Reserve. I like jims point there in Halftime Report which is if they dont move in september, were goi in december, were going to drive ourselves in sane. This is right in the sweet spot of the feds full employment number. Maybe that number is going to come down but right now theyre between 5 and 5. 2 . Over to the 173, thats the payroll number for august. Thats below the 220,000 that was forecast but several economists, many economists, point out august has been consistently revised higher. The most revised month of the past five years. You by 75,000. We also have positive revisions and a wage number that was a little bit higher than expectations. Some of the calls made expost after the number came out. Wells fargo, ubs, bank of tokyo, all affirming or saying they are in the september camp for Federal Reserve raising rates. With. September, there are good names over here in december. All these in the december camp. Quickly some of the arguments. Reas
We begin with the details from the newest trove of Hillary Clintons emails released overnight. From the mundane to the messages now deemed classified, 7,000 emails from clintons private server have now been released, the biggest batch so far. Our political unit poring through the documents all night. Abcs bazi kanani is live in washington, d. C. With whats been uncovered. Good morning, bazi. Reporter good morning, phillip. Good morning, reena. Now there really was no smoking gun from this email release, but clintons critics are still pouncing saying it only further proves that she should have never been using a personal account for government business. The email controversy still swirling around hillary clinton. The state department releasing another batch of her personal emails monday night, 7,000 pages, 125 of them censored because of information that is now classified but was not at the time the emails were sent. Also revealed, at least one analyst at the state departments computer
Three deputies, farris and three deputies, farris and lubrin and rodriguez, they were to do a routine search of the cell, but he bled to death after expensing trauma, he was naked in the cell covering in feces. The attorney representing the family of michael. Michael struggled many years with mental i willness. In reality, he was incustody as a result of criminal acts allegedly occurring that really were a result of mental illness. The three deputies were the only ones on video the night that tyree died. Video evidence is not released. A neighbor lives next door to the house where the Deputy Lubrin grew up said he was good and cannot believe he was charged with murder. The three deputies are charged with suspicious of murder, assault under color of authority and conspiracy. They could be arraigned on tuesday. In san jose for abc7 news. A San Francisco judge refused to throw owe the confession made by Kate Steinles accused killer, as the preliminary hearing continues for Francisco Sanch