Growth in overall business conditions. Higherthanexpected retail sales, and Online Shopping actually increased more than expected. That underscores the rosie manufacturing data we have been seeing. We are still seeing the conundrum of anemic wage growth, despite the tight job market. We have one company in boston reporting anecdotally that 20 out of a remained open factory with 100 positions, and they were struggling to find highly skilled labor. The Silver Lining though, increased wages are generally seen i a lot of districts Going Forward, and some firms are raising wages across a broader set of industries from the last report. So potentially some Silver Linings goers forward Going Forward into 2018. Overall a positive reading, underscoring what we have been hearing so far, with the fed penciling in these three expected rate hikes. Julia wage increases there, but modest pricing pressures mix. We will wait and see if they go through. Lets get a check on where stocks are and how they a
Production for ten years and access to nuclear fuel and equipment for 15 years. Iran has to approve to the International International Energy Agency that it met it under the terms of a deal. Take a look at whats happening with oil prices. Theyre down by about 2 . This is coming because irans oil is expected to be coming back to the market. Thats putting wti at 5118. Not everyone is happy about todays news. Officials are condemning the deal. Benjamin netanyahu says it gives iran a surepath to Nuclear Weapons. Here in the United States congress now has to approve the deal and its expected to be a tough sale with many lawmakers saying they date of birthont think its close enough. President obama will make a statement on iran from the white house. Thats coming up at 7 00 a. M. Eastern time and we will bring that to you live when it happens. Our chief washington correspondent joining us on set to talk about all of this. This is a deal thats a long time coming. Many people thought it would n
Its stillness estimates. The Sales Forecast came up short as well. They were planning on selling a lot. Sales of the new apple watch were less than what analysts had estimated. Ceo tim cook says the company is pleased. Tim cook sales of the watch exceeded our expectation despite supply still trailing demand at the end of the quarter. To give you additional insight through the end of the quarter the apple one sold higher than the comparable launch times of the original iphone or the original ipad. 73 of old iphone users have not upgraded to the latest device. Plus, more than double, more than apple coming up in a few moments. Olivia boeings cash flow is surging thanks to the 787. Earnings beat analyst estimates. They lowered their forecast for the year. Also out beating earnings estimates. Increasing prices and cutting expenses. It is a nice combo. The price hikes helped offset falling sales in the u. S. And stagnant demand overseas. At ts proposed takeover of directv has cleared a hurd
Fear. Good morning. This is bloomberg surveillance funds. Ill talk hedge we will also talk markets. Check, the dollar is extending its rally. Of optimism over the health of the u. S. Economy. Also optimism on the tax cut plan President Trump put in place. Stocks are a little bit mixed. There is not much change. Pretty much flat. Investors are trying to assess the implications of the tax proposals. Your at a in europe disadvantage. We will get deeper into that. Ere is nejra cehic they are looking to capitalize on a boost in his approval ratings. Therenk of englands should be good news for the u. K. Haldane said he is among the majority of dealmakers. A reduction may be warranted. Uks Civil Aviation authorities have launched action for specifically misleading passengers about information about their rights following a wave of cancellations. It is part of a consultation that will last seven days and could take legal action if necessary. Mark zuckerberg has defended his company after donal
The flat line. Dow futures up by 9 points s p futures down by 1 point. Nasdaq up by 5 1 2 nasdaq up for two out of the last three sessions as Technology Stocks continue to defy odds. Oil prices dragging things down yesterday. You can see in asia, the nikkei down slightly. Hang seng was weaker shanghai was down by a third of a percent. In europe, in the early trading, already seeing some modest declines the cac is the biggest decliner, its down by a half percentage point. The ftse off by 0. 4 crowd oil prices sitting at a tenmonth low. 42. 80. Still below 43. The big stories were watching today anything that happens at uber is big. Its another departure it took a day, but its front page on all the papers today about travis so late it missed the papers. Even now, if youre interested, some guy named bill gurley, who you may or may not know, a venture canpitalist at benchmark who was behind the push to get ckalanick out, now e stepped down from his role at company. Gurley served as a board