Slowing economy. Still well above what you would expect at this late cycle. Fears about a u. S. Recession are not showing in this report. Very hard to get a recession in the next 12 months. You have got higher wages, hours trending up. The labor market is holding in. We were worried about manufacturing hours worked and we saw the numbers are hanging fine. The jury is out in the manufacturing sector. Uncertainty is on so many fronts. Maybe there are some budding signs of some weakness in the employment sector at the fringes. The question is where the uncertainty goes from here. Jonathan joining me around the table, my guests. The payrolls report does nothing to change what you thought regardless of what you thought going into the payrolls report, not a game changer, is it . Subadra is basically confirming status quote for the fed. They are on track to cut 25 basis points at the september meeting. The real question for me this morning, if it turns out to be weak after the manufacturing d
One that walks away from these talks. Reporter hong kong drops and unpopular law but unrest continues. You can see the level that has been built up. Reporter argentinas debt crisis deepens. They have to do something to contain the flow of dollars out. Reporter the fed given more food for thought. A strong correlation with the session ahead. Not a great report, it is decent. We want to remove obstacles to Economic Growth. Reporter the top interviews on topics from trade to race. These give us reason to double down our efforts. Low Interest Rates have significant effects on turnover. We have the fundamentals right to deal with a slowing bubble economy. Reporter it is all straight ahead on bloomberg best. Hello and welcome. I am kailey leinz. This is bloomberg best, your weekly review of the most important analysis and interviews from Bloomberg Television and around the world. Lets start with a day by day look at the top headlines. The week began with the u. S. And china entering a new ph
Only fell by 5 . That is a sign of resilient demand in china. The chinesethat economy is managing to whether the trade wars. The question is how will the u. S. Consumer manage it . Lets get a Kevin Cirilli at the white house. It seems Mitch Mcconnell is increasingly in the crosshairs on gun control. Kevin he is getting pressure not just from democrats but from republicans, particularly on the issue of whether or not to bring up to the floor Bipartisan Legislation on red flag laws put forth by Lindsey Graham and richard blumenthal. Im told by republican staffers on capitol hill that the Leadership Office is waiting to see what other consensus builds on these issues pertaining to Mental Health and perhaps other areas. One issue that will not be included is an insult weapons bans. An assault weapons ban. David based on your reporting, are we looking at where something will get done or are we looking at where people will try to play out the clock. In the past there been initiatives and as
All the tension around huawei and not a pretty picture one u. S. Senator calling for an investigation into that hugely popular face aging app maybe he didnt like what he saw either its thursday, july 18th Worldwide Exchange begins right now. Good morning, good afternoon, good evening and welcome from wherever in the world you may be watching. Im Brian Sullivan before we get to the Macro Markets, look at that. Thats a live check on shares of netflix. Wow, they are down now 11 off 40 per share. Big reason was the reason that the subscribers missed they had the first drop in u. S. Subscribers ever in their streaming age. We have more on netflix and comments from Reed Hastings coming up on this. Before that, lets get to your macro morning setup. Coming off the s p 500s worst day in three weeks we could see a continued drop futures are in the red not big losses dow futures off 60 we are in the red. Volume has been weak you probably dont care about volume you care about price prices have bee
Magnificent seven are in correction territory but nvidias getting a boost ahead of its earnings. And were going to keep focused on those economic challenges in china. The countrys central bank cutting a key Interest Rate by less, though, than many had been anticipating. Oh, yeah, who is many anymore . Slew of press over the weekend as well. The journal writing kind of a devastating headline. Is it over after 40 years . Yes, definitely over. Who can say this stuff . We were here. We were lucky enough to witness the fundamental change in the chinese economy. It happened over the weekend. Happened over the weekend. Theyre trying to be a service economy. That was it. Done. Maybe president xi has just said, you know what . Every bankrupt artist, every ridiculous guy who built too much and every ridiculous person who tried to get extra yield, sorry. Why not . Why not clean up the excess . Well, but the question, of course, is, contagion. Oh, contagion. Yeah, some of the huge promote companie