Sales and ism manufacturing data hits a decade low. We wait on fiat chryslers numbers. A two border solution . Boris johnson will present his brexit plane to the conservative Party Conference today and the eu with provisions for a timelimited irish backstop. Ireland called the deal a nonstarter. A race to the bottom. Shaking of the brokerage world. Good morning. Matt less than half hour away from the european open. Take a look at what happened yesterday. When that ism number came out, it really disappointed markets. Investors bought up treasuries, pushing the yield down. This is a threeday chart. We have recovered a little bit today. Moves a pretty substantial and you saw that in stocks as well. That negativity likely to carry through to european markets today if you look at the futures. You will see equity Index Futures across europe are down. Dax futures are off 0. 4 . Ftse futures are off more than 0. 5 . I will point out we are seeing gains in u. S. Futures still slight, but at lea
We have an important interview coming up. But first, lets check in on the markets. The institute has cut its growth forecast. We did have worries about germany and the labor market and some of the things internally. That has a lot to do with trade. A lot are saying that if you look at the composition of the world, is probably the European Union that takes the brunt of all of these concerns. ,uropean stocks are fluctuating but if you look at the stoxx 600 , investors are trying to figure out exactly what kind of clues they will get after these miserable manufacturing numbers. Coming up, a great guest lineup here in italy. We speak to the former italian Prime Minister. Well also talk to the chief executive of a general of generale and the chief executive of campari. Now lets get straight to first word news in your city. Hong kong protesters were planning a fresh round of disruption after clashes sublease shoot a demonstrated for the first time in the demonstrations began. Local media rep
Sports what that could mean for the stock and the major sports leagues. Halftime report starts right now. Welcome good to have you with us Jenny Harrington is the ceo and Portfolio Manager at Gilman Hill Asset management and also with us on set today is cnbc senior economics reporter, steve liesman. We begin with stocks falling the fourth time in five days adp only adding fears today that the economy is slowing more substantially. Bond yields also falling farmer jim, im giving you the first crack. Dow falls 500. More Economic Data comes out soft i was told on this desk that the consumer is so good that it doesnt matter if the manufacturing economy is so bad, stocks can still go up but the consumer is a lagging indicator. I tried to hit that yesterday. The consumer is strong right now, but thats the last crack to form, okay . What youve got is youve got pmis, all the ism surveys in the u. S. Are finally catching up to whats been going on internationally. Thats been happening for some ti
China promises a set of tariffs. Jay powell declining to signal more easy Monetary Policy. The yield curve inverting yet again. How will business respond . How will it impact the economy more importantly, what does it mean for the market and investors . And then a news making interview you cannot miss. Federal reserve vice chairman Richard Clarida from jackson hole we are covering the angles with the team of reporters as always. Elan, first to you on the china fears which appear to be trumping the fed speak today. Nice, sara. We are waiting to see if President Trump will make a statement on those latest trade tensions with china and the new 75 billion in retaliatory tariffs that were announced this morning. We know there was a meeting at the white house earlier today with mnuchin, kudlow, navarro and lighthizer and President Trump did tweet that he would issue a response this afternoon. He then went on to order American Companies to look for alternatives to china including bringing bus
The french carmaker grapples with the auto market slowdown. This follows as nissan reported a 99 plunge in profit. Plans to carve out phone towers into a separate unit and will consider an ipo to cut that. Plus, delay delivery. Amazon forecasts income below expectations. Alphabet and intel jump in late trading after beating expectations. Good morning. Matt good morning to you, less than a halfhour hour to the start of trading. Take a look at the bunds. This is something i was talking about. You saw a reversal in the bond yields. As we were heading into the ecb meeting, yields were coming down. Investors were looking for the possibility of a cut. Then we interviewed the german finance minister where i circled in red. And you saw but yields go up again. Thats because he says there is no crisis. He sees it coming back to the economy once these manmade problems, as he describes them, are solved. Meaning once the char not u. S. U. S. China trade war is over, he sees it coming back to german