A few districts noted that places eased slightly. That adds to the feds inflation concerns. New york, tight labor market but commercial Real Estate Market especially in new york softened. In philadelphia, Consumer Spending declined sharply for clothing cars new home construction. Atlanta, Consumer Spending softening. Chicago, real estate activity increasing. St. Louis, minimal hiring due to lack of qualified workers. This sums all of this up. Boston, real estate contact, retail contact noted movement of consumers away from in store shopping toward Online Shopping is accelerating faster than anticipated. In philadelphia, falling used car prices have been, prices have been contributing factor to softer demand for new cars. A couple of highlights . San francisco, the Real Estate Market robust. Minneapolis, kansas city, agriculture they have problems because of drought in the minneapolis area. Kansas city, falling farm prices are contributing problem for them. Trish adam, thank you very mu
Shares higher despite a miss. Whats up next for the Delivery Company . First up, tuesdays session went from that record intraday high for the nas earlier in the session to the worst day of the year. Jim, were going to walk through reasons why this happened, the play book if it in fact changed anything at all. Yes. I think that shortterm there is a sense that if the tenyears calling all the shots and the tenyear is showing perhaps things are slowing or will slow because we will not get the stimulus because trump is in the swamp. Ive also been listening to the coverage and joes right there could be some things that he was talking with mr. Javers about the manafort situation. But the fact is i think comey scared more people than what people were willing to talk about. Comey came out and many people feel destroyed Hillary Clintons chances because he basically just says, hey, listen, it could be really bad. And comey comes out yesterday and uses the word criminal in the same context and tha
It is six blocks here in london. The slight tangentially to that, we have had news overnight on australian jobs. The biggest monthly back to back jobs gain we have seen almost 28 years. You have to go back to 1988 to find a period as strong for the australian economy. That pushed the Australian Dollar a bit higher overnight. Some people questioning the data, of course. 71,400 jobs were created, economists forecast a drop of just 10,000. Manus this is the dollar rand trading, if youre on holiday or getting on the plane, you will have a river. It is at a record low, certainly not for good reason. He fired his finance minister. Story says it takes the country one step closer to junk. The rand, at one juncture and training, in a spokesman that back. Easy the biggest declin since theince 2011, and forecast is is the slowest rates in 2000 hundred the dollarrand, one of the conversations we have here today. Anna we are getting investor updates from glencore. This is one of the Mining Companie
Crashed into the island nation of vanuatu, at least eight people are killed. And Narendra Modi meeting people who were displaced by sri lankas long civil war. Yemens Houthi Rebels who have taken over the capitol say they have reached an agreement with iran to boost the economy. Meanwhile, a new coalition has been formed against the houthies in sanaa. The president and his close aids remain in the city of aden after escapeing house arrest last month. We have reports on the political stand off. Reporter there is a power vacuum in yemen and iran appears to be capitalizing ton. Since the shia houthies forced him to flee the capitol iran has found a willing partner. A houthi spokesman said that theyll provide yemen with enough oil to last a year. The houthis say that the pledge of support will boost the economy and bilateral relations. A spokesman for the exiled government said that the only ones getting a boost from this deal are the houthis. The iranian interference is merely about milita
Community making most of its money from fish. The island was buffeted by the deadly cyclone a deadly storm bringing winds of 300 k hr eight have died. Kim venel reports. Venturing out of their homes to assess the devastation left by Tropical Cyclone pam. Vancouver a group of islands in the pacific was hit by winds up to 270km an hour on friday. The category 5 storm, the most severe on the scale uprooted trees and tore about stores and homes. Power was cut, and as the storm raged, residents could do little but wait. Im in the bathroom. I have my back against the door. And im listening to the roof which sounds like its lifting. Im holding on for deer life. All i can do is think about people in vanuatu, with absolutely no shelter. This will be a horrific humanitarian disaster. Reporter as pictures of the devastation in the capital emerges, the real concern is those in the smaller villages and the outer islands. Aid groups say its possible entire villages have been wiped out. It has been a