Were always keeping an eye on tech. For example, apple share, can they stem what has been a sevenday slide . Chip stocks, though, continue to outperform. And the other big story, that weight loss boom and novo nordisk overtakes the market. Market reaction to the jobs number, not just the headline and the unemployment at 3. 9 but revisions taking about a third away the last couple of months. I think those of us who are used to the precision of Artificial Intelligence and generative a. I. Are just in shock that there could be a number thats this far off. This is the kind of thing that jensen huang could solve with his eyes closed. Why its so important, this takes away what was the hot number that made us a great threat and took away a spring rate cut. 3. 9. We know they remind me of the dow jones average. Very interesting headline, but its not really whats at the guts of this, but in a political year, what that says is, hey, look, the economy is slowing and maybe the fed should have pres
Leading the s p this morning after their results. The cfo joins us this hour for an exclusive big news of the morning, fitch downgrading u. S. Longterm credit to aa plus to aaa it is the second downgrade ever by a major agency after s p back in 2011. Joining us first this morning on cnbc, the interview with the man behind that call, Fitch Ratings richard frances. Great to have you with us. Thanks for the time. Thank you i would love to know, sort of, your some color on the timing and the thinking behind the call now as some have pointed out, some of your quantitative models have been on the mend the last six months or so yeah, i mean, honestly, this is a steady deterioration that weve seen in some of the key metrics for the United States for a number of years. In 2007, general Government Debt was less than 60 . And now its up to 13 theres been a clear deterioration. Furthermore, were expecting physical deficits to rise over the next three years and we expect debts to continue to rise o
Ulysses s grant and the battle to save reconstruction with mr. Border with he a prolific author he has written nine nonfiction books and is built on and furthers and continues the research and writing did about the radical reform. Republicans in power. I told congress at war how reformers fought the civil war. Lincoln ended slavery, remade america. That was published just three years ago in 2020. Its a narrative that continues in klan war and his earlier works include, and im sort of going to enlist a couple of these in reverse sequencing back in time time bound china, the underground railroad and for the soul of america there was great debate. Henry clay, Stephen Douglass and the compromise that preserved the the First Congress how james George Washington and a group of extraordinary women invented the government and washington the making of the american capitol and there were several earlier than that. Mr. Burdick is, a native of new york city, he is an independent writer, historian
Ulysses s grant and the battle to save reconstruction with mr. Border with he a prolific author he has written nine nonfiction books and is built on and furthers and continues the research and writing did about the radical reform. Republicans in power. I told congress at war how reformers fought the civil war. Lincoln ended slavery, remade america. That was published just three years ago in 2020. Its a narrative that continues in klan war and his earlier works include, and im sort of going to enlist a couple of these in reverse sequencing back in time time bound china, the underground railroad and for the soul of america there was great debate. Henry clay, Stephen Douglass and the compromise that preserved the the First Congress how james George Washington and a group of extraordinary women invented the government and washington the making of the american capitol and there were several earlier than that. Mr. Burdick is, a native of new york city, he is an independent writer, historian
Ulysses s grant and the battle to save reconstruction with mr. Border with he a prolific author he has written nine nonfiction books and is built on and furthers and continues the research and writing did about the radical reform. Republicans in power. I told congress at war how reformers fought the civil war. Lincoln ended slavery, remade america. That was published just three years ago in 2020. Its a narrative that continues in klan war and his earlier works include, and im sort of going to enlist a couple of these in reverse sequencing back in time time bound china, the underground railroad and for the soul of america there was great debate. Henry clay, Stephen Douglass and the compromise that preserved the the First Congress how james George Washington and a group of extraordinary women invented the government and washington the making of the american capitol and there were several earlier than that. Mr. Burdick is, a native of new york city, he is an independent writer, historian