The jungle and on the water but police say they were smuggling cocaine the entire time. Anthony weiner under fire. Child services investigating after he sent that lewd selfie showing his 4yearold son in the background. The estranged husband of Hillary Clintons top aide in trouble. Could he lose custody of their son . Good morning, america. A little rain on the lens there this thursday morning. Trump. Yesterday there you see the diplomat shaking hands with the mexican president calling him a friend, praising his country. No talk about mexico paying for that wall until last night there in arizona. Quite a different tone. He fired up the crowd with those familiar lines and well get into all that this morning and hear from Hillary Clintons running mate tim kaine live. That hurricane warning for florida. The weather set to ruin the Holiday Weekend up and down the east coast as Tropical Storm make landfall in florida in more than a decade. The state already facing flooding and ginger here tr
Beat goes on and on good morning and welcome to Worldwide Exchange. Im sara eisen. Im wilfred frost reporting from washington today as wells fargo ceo was the before the Senate Banking committee. More on that including his prepared remarks in just a moment. Finally a very good morning to you from me as well. Looking good in washington. Miss you here. Playing my Favorite Song to keep me in a good mood. First a check on the global markets. U. S. Equity futures after they gave back most of their gains yesterday on the turning in oil prices. Oil was up 2 gave most of that back and stocks followed suit. Looks like were up in the premarket here, 42 points on the dow. Futures up five and nasdaq up about one. See if we can hang on to those gains. Theres some Economic Data, some housing earnings and of course two big fed meeting and boj meeting starting today. For the ten year treasury note yield lets show you where we are this morning hovering around that 1. 70 level. Hasnt bunched. 1. 69 is y
About the life of Edward Snowden is released today. What do you think it should president obama pardon Edward Snowden . If you think yes, call this number, 202 7488000. You dontnk not, if think the president should pardon Edward Snowden, call this number, 202 7488001. If not by phone, you can weigh in by social media. Our twitter handle is cspanwj , and Facebook Comments are coming in at facebook. Com cspan. Go to the website of the American Civil Liberties union, the aclu, you will see this posting by the executive director there, anthony romero. Obama should pardon Edward Snowden, and we are launching a campaign to make it happen and we have got a lot of help. Mr. Romero writes host they point out here at the aclu site that they are being joined in this campaign by Amnesty International and human arty havech, and they an impressive list of more than 100 former National Security officials, legal scholars, technology and business leaders, human rights activists, and artists on board. A
London. Let us talk about janet yellen, the message she had to give to the market yesterday. I have here a dollar index, we have a bit of a bounce going on in terms of the reaction we are seeing. The big message from janet yellen last night, along with the hawkish voices heard in recent days, she was confirming the 2015 is when the majority think we will see a liftoff and Interest Rates. Barring any big surprises, of course. That gave the dollar of those. It did not post expectations of a rate rise, if you look at what the fed fund futures are saying, theyre talking about the 47. 5 chance of an increase in december. It did move some of the yields, though. If you look at twoyear treasuries, a muted reaction a big drop you see was last week around the fed rate decision. Can we just see the muted reaction . As well as talking about the 2015, not being a can of liftoff, she was also talking about gradualism how important it was to be gradual to allow the markets to heal. Let us put that in
Lets get Stephen Engle invasion. What are they saying this time . It is coming in below the previous month for october. This is the services pmi which includes banking, telecommunications, and property, coming in at 53. 8. The previous month was 54. Me extrapolate this out previous month, 54. 4. This is the weakest since january. 52. 8 for the services pmi. Obviously the property weakness is hurting the sentiment in this sector, despite the fact that authorities on a nationwide level have relaxed some of the property curbs. It is going to take some time to filter in. Another sign of continued slowing pace of growth for the chinese economy. Also manufacturing pmi out today in about 45 minutes. What are we expecting . This is the hsbc and the market surveys. I want to make one more note on the services pmi. 53. 8 is still an extension. Anything above 50 is an expansion. The number is decreasing, the lowest number since january. On saturday, manufacturing, we got the number for the offici