Im julie haener. We begin with Pete Buttigieg is dropping out of the race. He came in fourth place in South Carolina making history as the first lgbt candidate to win delegates in the race for the nomination of a Major Political party. Senator Bernie Sanders spoke to an enthusiastic crowd in san jose today as he ramps up support ahead of super tuesday. Our political reporter greg lee is here now, a lot going on with super tuesday a couple weeks away. Kind of been a rapid pace here. That announcement about mayor pete came in the middle of Bernie Sanders stump speech during that rally today. Former south bend mayor Pete Buttigieg just officially on air called it quits for his campaign after coming out on top of the Iowa Caucuses and a strong finish in new hampshire. He looked promising. The disappointing finishes in more diverse states like nevada, South Carolina pointed towards the end of his historic run. We must recognize that at this point in the race the best way to keep faith with
Contain thc. We will have the details. Ticket pact. Several car committees band together with california to reduce emissions, even after efforts to ease restrictions on carmakers. President trump calls the action illegal and now the Justice Department is investigating. But first over top story. I think trade war escalates, the job market decelerates, or so the u. S. Jobs reports indicates. At 130,000, below what was expected. Despite those numbers, president tellss top economic visor say uber he believes in the strength of the u. S. Tech sector. We are the world leader in technology, innovation, application, and new business startups. We are the world leader. Technology. Jewel,ogy as our family and we must protect america on that. That is the president s point of view. Joining me to discuss is mike sullivan. , you heard it there. Tech is the crown jewel. Do you agree . Michael i do. Tech is a big sector that is going fast. We are theknow if exclusive world leader on that, but we are do
Well take the gains across the board. Were awaiting a opioid trial that is taking place in oklahoma t could be the biggest ruling in history. That is why were watching it closely. A judge is expected to rule any second whether Johnson Johnson is responsible for the states Opioid Crisis. That could have major repercussions for the Opioid Crisis pgh kristina we have fox team coverage. What is going down . The president shifted his tone from friday where he announced he would raise tariffs from 550 billion in chinese goods on friday to today where he says he wants to calm reachly a deal with china after their vice premier signaled they would be ready to get back to the negotiating table. Trump said it is possible extra tariffs before the weekend could be delayed if these talks make progress. Were down on the floor, lower than the floor. Cant make a 50 50 deal. This has to be better for us. If it is not better, lets not do business together. We have to balance our trading relationship at l
Tumble. Paul the services session in the u. S. The board. On across treasury yields rallying. The s p 500 jumped into a fiveweek high. The 50 day moving average. Tech shares let the gains on renewed optimism over trade and we had rally at the twoyear yield. At one point, it jumped by the most in about a decade. We had very strong Economic Data when it came to the private payrolls numbers but also little changed when it came to the jobless claims, so the focus is turning to the u. S. August job reports that are coming out tomorrow. U. S. Futures unchanged. Lets see how we are setting up for asia. Sophie it remains to be seen whether this will continue after global stocks posted arrest day gainin since two since january. Hong kong on the radar after Derivatives Trading faced pickups on thursday. We have the nikkei futures in chicago looking to gain ground after the nikkei 225 rolls to a win month high on thursday. Japanese data on cap. Tap. Sydney futures gaining ground, climbing to a on
Intraday s p 500, going into the trading session we were higher. Investors excited for the fed commentary. Around the time of 8 00 when china came out with its tariffs headlines, talking about it would place additional tariffs on 75 billion dollars worth of u. S. Goods including cars, soybeans, and oil, we see lower. Then jay powells preprepared remarks did come out, being perceived as dovish. We see the s p 500 verse higher and then President Trumps tariff tweets came out talking about he will respond this afternoon, a big leg lower. At session lows. Now we have all three major averages on pace to have a weekly decline for a second week in a rope. Is showing sector wise. If we go to the bloomberg and look at the imap, all 11 sectors are lower in a big way. The majority down 2 or more. Energy,ottom, tech, consumer discretion industrials. On top, doing better, the defensive sectors, high dividend yielding sectors that look more attractive when yields are lower. As for some of the other