The headline number, 57. 5, down from 59. 3. This is a very elevated number by historical standards still, but there are signs of some weakness creeping into those figures. It was unlikely they would remain as high as they did. The survey number was 58. We come through with a headline number of 57. 5. Prices paid a little light as well. The employment number has dropped quite significantly. This may be something you want to Pay Attention to. Remember, we are waiting for the payrolls number friday. 48. 4 is where we are coming through their. Construction spending month on month, 1. 3 . Lets break it all down. Lets get some details. Mike mckee come over to you. Michael you gave us most of the details there that matter, especially that employment number. That has been concerning people in the markets. We have seen a slowdown in the economy reflected in the topdown numbers, although manufacturing has been the source of strength in most economies around the world since the depth of the covi
Designed to highlight Racial Discrimination has sparked a backlash in japan. Jevon ashwood support and speaking of japan the cost of delaying the take care of them pigs is revealed organizers say the current virus bespoke mint is likely to set them back a further 2800000000. 00. Hello welcome to the program saudi arabias foreign minister says he is hopeful a deal could soon be reached to end the bitter dispute with cats are its been 3 years since saudi arabia bahrain the u. A. E. And egypt imposed a land sea an Arab Blockade on cata for ministers of qatar and kuwait also say theres been progress towards resolving the crisis. Has our report. Crucial days a hand for gulf nations talks aimed at and during the 3 and a half year blockade of qatar seem to have achieved significant progress kuwaits foreign minister whos country has been be generally mediating and and to the crisis says hes confident in fact that a constructive and fruitful talks have taken place recently where all the parties
Ofto see geoffrey yu there bny mellon in our opening. With the new slow out of washington, how to get ready for ferro, do you think the secretary of treasury will be watching mr. Powells press conference . Jonathan i hope they speak before the press conference. These two need to get on the same side. It is not good to wake up ever to see the chairman of the Federal Reserve and treasury secretary on different pages on an Emergency Program that, lets be clear, has really helped keep financial conditions loose at a really tough time for the u. S. Economy. I am surprised, maybe even shocked, that the market is where it is this morning based on the spat between those two individuals. Tom there are distractions in washington, but maybe it was beneath the radar off of president trumps efforts to tolection 2020 lisa move election 2020. It devolves to a market that looks like the fourth week of is taking myferro vacation days. Lisa how do you price the future with a present that is very much dy
There. 10 year yield popping a little higher now, helping the banks. We have Energy Higher even with oil down but a little bit of a reopening flavor and the bulls are trying to hang on. David tech is a little soft and one might think that would have to do with google, but that is not the worst. Alphabet had actually been popping shortly sharply higher largely priced in, the u. S. Filing this antitrust lawsuit, republican state attorneys general as well, not. O surprising not so long ago, down about. 4 . Trying to figure out what this means. Many experts saying it could take a long time for us to go through these courts and the company itself saying they are not forcing consumers to use their product. It is a strength of their and amazon shares will be weak. We always have to keep an ion the complex. Never a dull day. Thank you for that report stop we are taking a look at pennsylvania as part of the swing states series and today, a democrat from philadelphia to take us through the race
The system . Michael no. He repeated that comment today as his parts of efforts to Tell Congress they need to do more in terms of lending programs, more in terms of fiscal support. Strategy oferall letting inflation run hot or is designed over the longterm to try to help by not cutting off credit to the economy when it starts to reach the lower levels , when Economic Growth starts to help the people he was talking about, which is what they did in the last expansion. Where theill take a long tipecd first 300 billion 300 Million Dollars will go. Andlked with their chairman ceo, brian moynihan, about that program. We have a billion dollars across 1 billion across those programs. One is entrepreneurship, one is educations and job creation, and another is health. You have the healthcare crisis, which affected these communities more than other communities, and that has been statistically proven. We have been doing a lot. Recently, we announced 25 million would go in nearterm health and issue