A worse than expected contraction in the sector as you point 3 this revealed a worse than expected contraction in the sector as the u. S. Manufacturing fell to its lowest level in a decade this is also the 3rd straight contraction for the i assume as exports escalated trade u. S. Manufacturing fell to its lowest level in a decade this is also the 3rd straight contraction for the i assume as exports dived amid escalated trade war the continuing contraction showed the challenging environment u. S. Manufacturers are facing war the continuing contraction showed the challenging environment u. S. Manufacturers are facing as this sector was once considered a big winner under the trumpet ministration winning as this sector was once considered a big winner under the trumpet ministration with its. Main benefactor manufactured. Back to back to us shores. Production felt all. 46. 00 and imports fell to 45. 00 registering the lowest rate of 46. 00 and imports fell to 45. 00 registering the lowest r
Totting continues to sweep trans across the globe the streaming wars are beginning to really heat up r. T. Correspondent Rachel Blevins joins us today as are beginning to really heat up our t. V. Correspondent Rachel Blevins joins us today to plug into the details of what lies in store for show viewing. Today and to plug into the details of what lies in store for show viewing. Shows today its a lets get to it. The nasdaq and the s. And p. 500. 00 to lets get to it. The nasdaq and the s. And p. 500 both hit fresh 52 week highs today as october job data came back sugar bowl hit fresh 52 week highs today as october job data came back stronger than expected payroll came in at 128000 versus expectations stronger than expected payroll came in at 128000 versus expectations. 85000. 00 even with the negative impact of the g. M. Strike of 85000. 00 even with the negative impact of the g. M. Strike the Unemployment Rate rose modestly to 3. 6 percent as expected however the Unemployment Rate rose
Progress on divesting Growth Continues ahead of schedule in the Permian Basin as it made Good Progress on divesting nonpoor assets Falling Oil Prices and oversupply continues to be a concern for assets following oil prices and oversupply continues to be a concern as exxon is exceptionally vulnerable to any slowdown in Global Growth as exxon is exceptionally vulnerable to any slowdown in Global Growth year to date exxon is flat as the entire Energy Sector is facing headwinds from higher production career to date exxon is flat as the entire Energy Sector is facing headwinds from higher production costs and weakness in refining. Costs and weakness in refining. Earlier this week the Asia Pacific Economic cooperation summit set for mid november and saw earlier this week the Asia Pacific Economic cooperation summit set for mid november and some. Chile was cancelled amid widespread protests in the nation due to its proposed was cancelled amid widespread protests in the nation due to its propo
Week the Asia Pacific Economic. Earlier this week the Asia Pacific Economic cooperation summit set for mid november in santiago chile was cancelled amid what cooperation summit set for mid november in santiago chile was cancelled amid widespread protests in the nation due to its proposed increase in Public Transportation fares spread protest in the nation due to its proposed increase in Public Transportation fares and what demonstrators call economic inequality news of the cancellations what and what demonstrators call economic inequality news of the cancellation swept across the globe as it was anticipated that president s donald trump and whats up across the globe as it was anticipated that president s donald trump and she would sign phase one of the trade deal between the United States and china following these a 9 phase one of the trade deal between the United States and china following these. Reports officials from both sides were quick to dispute the prospects of such a sign init
Good thursday morning. Welcome to squawk alley. With Morgan Brennan and jon fortt at the New York Stock Exchange we watch the markets being whipped by some of the trade headlines. We also have two big ipos in focus today as well. We await the first trade of smile direct club. Lets bring in bob pisani to talk about that and overall iep landscape. We heard valuation is not there, does this mean the ipo market is overrated. Slack, first earnings report, growth wasnt as strong as people thought, not a good idea, growth is not as strong. Some software companies, now theres jitteriness. This week we had three big names, all being upsized waiting for smile direct to open 19 to 22 pricing at 23 looks like and ten x genomics. Upped it to 38 it opened at 54 talking little more than a week ago, 31 to 35. We open at 55 a gene sequencing company, biotech is a hot space overall we wait tomorrow for cloud fair. Another software company, out there, Website Security and other things, was 10 to 12, 35 m