Spending. Reaffirmed of great caution. There is a huge optimism out there. Healthcare costs is driving gdp in the first quarter. At 11 00, we got the Kansas City Fed manufacturing activity. A lot of Economic Data and we will keep you up on that and earnings coming out for the bell, lenhard, conagra, and nike after the bell. Lennar came out and Second Quarter earnings. At 12 noon for the entire the merger surveillance team, terminal training class. Coincides with usa versus germany. President obama will speak in minnesota at a fundraiser. Secretary john kerry is in paris for middle east talks. What else do you need to know, soccer . Do we have a chance . There is a 72 chance the usa can advance into the next round. They dont necessarily have to win against germany. This is our twitter question of the day usa versus germany at 12 noon eastern time, whats your excuse . Lets do a data check a nice moving lower yields. Vxx is 11. 59 so a little improvement off of an ugly monday. Under 115.
Dependent. Whats the appetite . Just over an hour to go until we get the results of the ecbs first auction. With expectations that banks will take up around 150 billion euros in loans. Investors cheer plans to float its plastic business, allowing the german drugmaker to focus on its crop sooiz unit. Thumbs up, shares of solar surge to the top of the stoxx 600 on reports that rand is eyeing a merger with the industrial group. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. The central bank reassuring markets that rates will continue to stay near historic lows. The fed kept the phrase for a considerable time in its post meeting statement. Janet yellen noted the forecast hasnt changed much since their last meeting in june. There is no mechanical term of interpretation of what the term considerable time means. As ive said repeatedly, the decisions that the Committee Makes about what is the appropriate time to begin to raise its target for the
Mind and leadership is not about being certain. Its about being willing to step back and rethink and ask the right questions, but a lot of leaders struggle with that. They think they got to know all the answers and i dont think they do. Absolute power corrupt, absolutely. I see it with ceos all the time and when we ask them hard questions, they look at you, like, what . Their employees never do. Well, the Great Companies, youll notice Great Companies have a culture where people are willing to speak up and great leaders cultivate those kinds of people. Robert, thank you so much for joining us this morning. Thank you. And thank you, everybody, for joining us this morning. Enjoy that long weekend. We will see you back here on tuesday. Right now, its time for squawk on the street. Welcome, live from the New York Stock Exchange. Jim cramer is off today. The u. S. Session here, we just had Empire State Manufacturing crossing, turning positive for the First Time Since july. We see futures hug
Partner ali velshi down at the new york stock exchange. Peter, to you first. Take us inside the administration. How worried are they that the economy is headed in the wrong direction . Reporter its striking the president is almost alone here at his bedminster estate right now. If he is having conversations most are by phone. His top aides the best of our knowledge are not with him here. The president on twitter was trying to inject Economic Optimism in spite of the major market selloff, that meltdown we witnessed yesterday. What was noticeable from this president is he has been trying to signal well win this trade war with china right now but its not clear that the markets agree with his assessment. Privately the administration, frankly publicly he has been trying to insist that americans have to look at this with a larger perspective. This is about an historic fight with china right now, this effort to come to some deal in combatting, confronting a country that has sort of gamed the e