Center stage and treasuries weaken with the curve flattening after last weeks definitive move higher. Joining us for the hour, dan nathan a real Holding Pattern here today. Are we waiting for news out of washington heres the good news, right we had this big rip up off of the lows last week on optimism that there would be some sort of grand deal as far as trade is concerned. The fact that it doesnt look like that were going to get that at the end of the day, the fact that were not down in a meaningful manner is fairly establish. Could things change pretty quickly if the fed decides top pull our negotiators away and we know were dead in the water for a couple of months no doubt about it. Its kind of interesting on a day like today, where we dont see staples and utilities. These are two of the bestperforming groups, deemed to be defensei you dont see them rallying and dont see the s p 500 down a lot either it seems like a lot of nothing despite some really potential for volatility later i
Assistant secretary of state for middle Eastern Affairs discusses u. S. Middle east strategy and he talks about u. S. Relations in the region. Secretary of state, mike pompeos recent trip to italy and chinas expansion in the middle east. From earlier this week at the Atlantic Council in washington, its an hour and 50 minutes. Okay, everyone. Were ready to commence. Okay. We are joined with us here today to kick off the programming, a discussion of the u. S. Role in the middle east given all of the very exciting news that seems to happen every single day. We are here. David shanker, a good, old friend of mine will share with us his great and unmatched wisdom about the u. S. Policy in the region. Let me give you a little background on david. He was sworn in as the assistant secretary of state for near Eastern Affairs. June 14th of this year. Prior to joining the department of state, he was director of the program on arab politics at the Washington Institute for near east policy from 2000
His presidency. Many hoping that the vietnam war would end soon. It did not. After a raucous 1968, a lot of people were optimistic that the economy was on the mend and it was all clear sailing ahead. That was then. Similar hopes today. A lot of it built on an unemployment report that shock ad lot of people, it was more like a goldilocks number. Very low Unemployment Rate. Even though the number of overall jobs gained. That was a little less than thought but it continue as trend of jobs that are advancing in the latest period. Well get into that. But meantime, a lot of attention is on the reported itself what it says after a week we got news the Manufacturing Sector was slowing down, the Services Sector was slowing down. They were ready for bear today. They didnt find that. They found Something Like i said a goldilocks number that hit all the right buttons so far, the dow up 228 points. Lets get a read on all of this from Edward Lawrence who crunches numbers as we speak. Edward . Report
College players to make money. A former player tells players be careful what you wish for even though making money off your efforts is part of the american dream. All that and more on making money. So the markets erasing a pretty nice gain at start of trading. Ism came in, ism manufacturing numbers came in lower than expected. Factory activity falling to 47. 8. Just know that in september, that is the low evident reading since june of 2009. It marks the second straight month of contraction in the manufacturing sector. President trump responding with a tweet, calling out the fed yet again, this time calling them quote, pathetic. I will bring in jack ablin, crescent Wealth Management and David Bahnsen. Jack, start with you. Nevertheless we started up sharply, almost every component of the report in contraction. What do you make of it . It was disappointing. I do think investors were looking for slight weakness in manufacturing. Saw hiring trailing expectations. But to have a number stead
Own emissions standards. All that and so much more on making money. Charles well, we begin with the fed the day after and while most observers agree that jay powell did a better job communicating, yet confusion reins as fed members are all oaf the map where rates should bo from here. President trump telling fox news what he thinks of the rate cut decision. I think we should do more because other countries have done more. If you look at germany, if you look at japan, look at some others theyre cutting much more. In fact theyre borrowing money, getting paid to borrow money. Were paying interest. Were the most prime in the world. We have this great economy. Were doing better than weve ever done. Our employment numbers are the best they have ever been, unemployment numbers also. We are doing freight. We should be cutting there is no inflation. Charles as the fed is pumping even more cash into our Financial System today. In fact over 200 billion in the last three days in the repo market. Wi