Stocks are under pressure and i do mean under pressure down by more than 300 points on the dow on that weak manufacturing. What way to start the Fourth Quarter. The s p and the nasdaq down a percent or more in each case take a look at whats leading us lower. That will be industrials materials, the suppliers to industrials and energy all of those sectors down 2 or more lets get down on the floor of the New York Stock Exchange bob. This is a big miss on the september manufacturing and i think this is a problem for the markets here the s p moved in a 50point range. Almost 1. 6 lower since the ism report came out at 10 00 a. M. Eastern time the s p has moved more than 1 this reaction was probably just sheer size it was not just the big miss it was the lowest reading in ten years. The other reason for the outside reaction is despite the turmoil around global trade, the s p is still only 3 . That leaves a lot of risk to the downside this dropped as you heard from tyler. I would pay very clos
Federal reserve can only get about these repo transactions as theyre called in wall street speak to just 24 banks and theyre the usual rogues gallery including j. P. Morgan chase bank of america as well as foreign banks Like Deutsche Bank and Credit Suisse now i know what youre thinking like why am i hacked to these massive banks like j. P. Morgan chase who holds more than 1. 6 trillion in the posits need billions in Short Term Loans if they are sitting on trillions well that my friends is a very good question and just who could seek and demand answers for questions like that in the United States congress for one but tragically theyre just too busy campaigning politicking grandstanding and what they do could could the real question is could we be at the doorstep of another 2007 style Great Recession or much much worse well we cant truly predict the future but we can start watching the hawks. As. They like you know that ive got. The. World were going to watch in the. Times after a while
Breakthrough with the u. S. You dont get security by praying for it. You must invest, you must do what is necessary. And the europeans need to take the necessary action. The United States has, in my view, shot itself in the foot by withdrawing. Matt welcome to bloomberg surveillance. Lets check in on the markets right now. Here in europe, we see drops across the board. Not as steep as they were at the , but you can still see the stoxx 600 is down. 3 . And some of the individual or regional indexes are down further. The dax, for example, down. 6 . Down, as yous are would expect, with a big drop in netflix in overnight trading. Netflix said u. S. Users actually shrunk, shocking the market. Dragging on and adding to an already bad earnings picture. The u. S. Dollar is down. 1193. 55 and other currencies, especially the yen, are getting momentum. Coming up, we speak to the chief officer of a lecture looks electrolux. There are a slew of earnings coming out and it is moving the needle. Lets
Mornings with maria will maria coming up exclusive interview with kentucky senator Mitch Mcconnell, mill mcb, mcburman. Joining the conversation jackie, and tom beven and pwc partner mitch roschelle. Good morning. Good morning. According to wall street journal it was huwaei and issues that kept talks to a halt. Im not surprised, their only leverage right now so keep bringing it in because if you couple those things together you cant move forward and the president wants to move forward as quick as he can. Maria the president discussing wide range of issues including progressive party, the four congresswoman, he talked about the squad, he talked about 2020 and the economy. Leaders coming from other countries, prime ministers, president s, kings, queens, dictators, sometimes i hate to say it dictators and they all start off by saying, mr. President , id like to congratulate you on the incredible economy that youve created, the greatest anywhere in the world by far. [cheers and applause] t
Toniitt. To start we have Steve Liesman who will tell us what is ahead for the central bank, but first dominic chu has the outlook fks stoc reporter after a blistering run for stocks in the first half of the year, here are three things to watch as the markets head bnto thek half of 2019. First, trade. Deal or no deal . Despite the fits and starts over trade negotiations between the u. S. And china,e investors h largely been optimistic that a resolution will come to pass, but what happens if things drag out . And were not even getting into what happens if america decides to stir things up with other trading partners around the globe. Cond, the fed. To cut or not to cut . That is the question. At this point markets are largely expecting that the Economic Data will lead the Federal Reserve to ease financial conditions by cuttite benchmark rest rates. Will it push the stock market to record highs or signal weakness ahead . And third, mega cap stocks, specifically those in tech,ic commion s