Of 2. 32. For the quarter, they see earnings at the low end. The estimate was for 1. 51. A large part of this will be how are they going to offset Rising Labor Costs with lower fuel costs. When does that shift happen, and how are they benefiting from the 737 max . Will that benefit continue . That stock getting hit in premarket. In the market, it is still overall about trade. It was very whippy action here. Those numbers on your screen do not revisit the last 12 hours of trading for s p futures, now down just 0. 1 . We will get to some of the headlines in a second. Eurodollar at a twoweek high, and oil on the move. The opecaving secretarygeneral speaking at the oil and money conference today. He is saying some interesting things in terms of oil in particular. Hes talking about opec plus will take appropriate, strong decisions in december. Also the charter they are extending to the u. S. Trying to bring in other countries into that opec agreement. We will be speaking with Mohammed Barki
Matters to the markets an your money. Forget trump and xi and china. A new trade war just started well tell you what it is on this wednesday october 2 as Worldwide Exchange begins right now. Good morning, good after, good evening wherever in the world you are watching maybe you are in australia, the home country of acdc if you live around here, this is a scene in new york. It is dark get ready. It is going to be hot. Right now, it is 5 00 in the morning. It is already 73 degrees it is going to hit 89 or 90 degrees. There is your weather hit. Our first ever lets see how the markets are coming off of yesterdays decidedly cold drop. Not only did we fall, we gave up all of our gains from the Third Quarter in a single day. Futures, as you can see, they are down dow futures are off 139 points right now. Remember something about october. October gets a bad rep it is known as a volatile month and one of the worse per forthiformin months of the year the last few years, october has been relative
Its wednesday, october 2nd, fbn a. M. Starts right now. Hands on your waist and go. Get up, get up. Hands on your waist and go. Get up, get up. Lauren cheryl welcome to fbn a. M. And good morning. Im cheryl casone. Lauren good morning. Im lauren simonetti. Cheryl lets take a look at how your money is moving on this morning. This bright and shiny morning. Not so shiny. Dow is down 116, s p down 14, nasdaq down 45. Were going to get breaking Economic News later this morning. Adp jobs report is going to be coming out, private sector jobs, pmi, measure of manufacturing activity, that will be closely watched after yesterdays big miss with manufacturing data. Lauren worst read in 10 years for u. S. Manufacturing yesterday. That is chilling stocks worldwide, in asia down arrows, the kospi is down 2 in you south korea, china still closed for a holiday. Cheryl there is pressure on european stocks. We are waiting for Boris Johnson to officially announce an i ultimatum to the eu. Lauren we have d
Percent. Nasdaq down 53. Major Market Indices falling better than 1 yesterday, the selloff coming after surprise decline in Manufacturing Activity after the World Trade Organization cut global trade forecast for the year, we told you about that yesterday, joining us hodges capital manager, craig hodge. What did you make of manufacturing data and what do you think that tells us about the economy and the markets. Its obviously not positive, we put all the manufacturing, its only ahird of the economy, we are a service economy, consumer is over 70 , one data p, as we go, the consumer what youre talking about the jobs and payroll, that would be more important as we go along. Maria look at the reaction, we have been talking about manufacturing weakening for a little while, dagen, but the market was sizable decline on this news. Dagen because this index contracted in august and expect today rebound above 50 plus and came much worse than expected, worse than literally every estimate that was o
The chp reports, no big accidents in through the east bay, starting to build along northbound and southbound 880, down through the south bay, also noticing a little bit more traffic out along 87, and in through palo alto. A little bit of a fender bender clearing out now. Look at your south bay drives, highway 85 only looking at 11 minutes. Smooth commute so far. The search is still on for the gunman who shot two people inside a mall in san bruno. Look at the scene there. This started ahead of rush hour last night. The search causing frantic moments for b. A. R. T. Riders trying to get home on both sides of the bay. Pete suratos is live for us outside the San Francisco mall. Any updates were getting . Reporter no updates as of yet but we hope to get details from police sometime this morning. Faran mall. As they continue to search for the suspects, the two victims were hurt in this, one in critical, the other in serious condition. The mall was put on lockdown of course as a result of the