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
Money. Charles u. S. Tariffs on chinese i am ports set to increase 15 on sunday but some businesses are saying that they can deal with this, or impact will be nominal. Ceos of Companies Like big lots and Restoration Hardware saying in corporate filings, even the next round would only result in tiny price increases. Consumer sentiment now down for the Third Straight month, it is conflicting information. Get the read with someone with a little bit of skin in the game, former mcdonalds ceo ed rensi. I keep hearing from ceos, they cant prices on to the consumers. Owned consumers are getting worried because im sure theyre rating about this more and more . Being in the Restaurant Industry. I look at all the commodity issues. Frankly we have such a powerful farm market in the United States, most of commodities restaurants use are readily available. There is abundance of lobster right now. So i dont like think tariffs will impact the Restaurant Industry much f youre a large chain building new
Whether you embrace or reject etfs, they are here to stay. The flows signal Broader Market trends. Lets check in with Eric Balchunas. A snapshot of the flows and the theme is risky assets like the stocks. Eric thank you, scarlet. Im feeling like a broken record. Every week, i am saying people are excited about the fed being accommodative. It felt like about two months. Another week of the same thing. 15 billion into etfs. We have spy, the cuse. You also have ibv and some vanguard funds. Both major player types are buying in. I thought, this seems to have started in the beginning of june when the fed reassured markets. Lets capture june and july. The complexion of the flows is changing and this chart shows it is. June and july, etfs took in 85 billion. That is more than the rest of the year combined. That is a lot of money coming in. U. S. Equity etfs are taking in three times more than they did at the beginning part of the year. More than fixed income. They are now the leaders, which i
Ending lower. We have a lot of time to throw the blame around. Edward lawrence is at the white house. Deirdre, you get to go first with perspective for us. Dierdre 800 points down, we closed as you just said, at session lows. A wipeout day. No other way to say it. If you look at the Dow Jones Industrial average. The financials fell hard, goldman sachs, jpmorgan action. We have been talking about the inverted yield curve. Its showing brass tacks take away. Investors are more optimistic on the near term than the long term. That drove a lot of the selling and activity we saw in the bond market including buying so much into the 30 years that we saw the yields at never before. It showed up in financials, as we just covered on the dow. If you take a look at the other sectors, macys as well. You have been covering this from an earnings angle. This year will be a disappointment to investors. I heard melissa say she is on pace. If you look at some of the other sectors we have been following. Te
Rapidly closing. Breaking overnight, manhunt. A prison worker dead, an inmate on the loose in tennessee. Residents on edge. Very scary. We are latest with the desperate search to find the dangerous convict. All that plus Severe Weather outbreak, including a tornado near new york city and the new threat al is tracking today. Fighting back he had one job and couldnt protect us. Simone biles blasts u. S. A. Gymnastics in a new interview. The challenge she says she still faces every day. Way too close. The alarming video of a man petting a bison which has park rangers warning the public, hands off. Today is august 8, 2019. Announcer from nbc news this is today with Savannah Guthrie and hoda kotb. Live from studio 1a in rockefeller plaza. Hi, everybody, good morning. Nice to have you with us on a thursday morning we want to get right to our top story. What we learned about the red flag raised weeks ago to polic by the mother of the el paso gunman while families are beginning to hold the fir