Manufacturing was steady with 8,000 jobs added there. Adp numbers coming out at a time where some people are worried about recession. It Shows Confidence businesses continue to higher despite those recession fears. It was the best month for private sector hiring since april. It is interesting, because yesterdays ism manufacturing number was a little weak. It showed some contraction. People were worried about that. This counters it a little bit. I want to look at Mortgage Rates as well. According to freddie mac the fixedrate for a 30 year down to 3. 49 . That is the lowest level in almost three years. What this is telling us, refinancing activity that weve seen will probably continue and low Mortgage Rates like this should stimulate the housing markets. Take a look at the top three dow component today. Intel, caterpillar, 3m, showing some significant strength there. So its a broadbased rally but you have got technology and industrials leading the way. Tomorrow of course, weve got nonfar
It comes following the developments over the weekend with the planned meeting President Trump canceled with taliban leaders at camp david and comes at a crucial time with regards to the president s middle eastern policies. Remember, Jason Greenblatt stepping away from the administration and the last week. The longawaited mideast peace plan also anticipated sometime before the end of the year. Mike pompeo also weighing his political future within the next 12 months. A rumored senatorial run potentially in his future. A lot of moving parts on the president s Foreign Policy and National Security advising team. John bolton was a controversial figure within the administration , particularly with regards to his hardline approach on iran. There were several differences in terms of how he had assembled a team, but he does have its allies within the administration. The bottom line, breaking news, President Trump announcing on twitter that he has accepted the resignation of john bolton, his Nati
We should posit in the past they made similar promises much like my diet overtures they dont pan out. Maybe this will. Well keep an eye on that. Democratic pollster doug schoen with us and Nicole Nikpour and charles payne. Were setting stage for talks later on that theyre going to try to commit to buying more agricultural items. They committed to that before. They have, they have, but if you think in the last week or so there have been these tiny olive branches. Hong kong, forget about the extradition thing. They acknowledge they will meet in october. That is one of the things that helped, this morning overnight, they have safe, they removed quotas that limited foreign funds going into that country and of course we have all the Economic Data that has been coming out of from their ppi number, the lowest in three years. Trade numbers down significantly. Even on baidu, their version of google, searches for travel dropped 12 . Many tie that Migrant Workers who work in factories are not goi
Keep in mind the indices are still where they were about a year ago. Some of the smaller indices, transports where where they were 20 months ago. Were coming back to the upper ranges here. I think this is somewhat normal. Keep in mind, the big guy is going to happen real soon. Interest rates are coming down. The fed will lower rates. We have ten years of history when we get easier money, the market likes it, and i think thats a part of whats going on. As far as chinchina, i think th easy money is a catalyst to make it good news. Even though theres no new news because we have been hearing the same for 15 months. Yes, were going to have china trade talks, boy, the market loves that, but behind that, we are look agent a acte acquiescent fed. The consumer continues to do very well. The jobs report out of adp this morning was very promising. I think we all need to sort of take stock here. Our companies that have struggled very difficult job market to hire people, are they really going to st
Number to the debate on recession obsession. As this, the New York Times finally agrees with what we have been reporting all along. To the do as i say, not as i do 2020 democrats. Their roadmap to the white house as the cnn town hall. Its a costly painful overhaul of the entire economy that you will pay for. Tonight the big roadblock they face as critics ask, if you cant fix the border eshed why do you have think you can fix the climate. 2020 democrats fly big airplanes to cnns town hall. We are smelling the rank odor of pentagon pork that the administration likely targeted. Im Elizabeth Macdonald and the evening edit starts right now. China and the u. S. Agreed to meet in october for trade talks in d. C. Edward lawrence is at the white house with more. Well start with what moved the market. Is that announcement there will be face to face talks in early october between the two trade delegations. We had the much anticipated phone conversation. Our chinese trade sources tell us the chine