The 10 year is that for 24. 48 so it had been up at 425 and now we are down about three basis points. Its a pretty high level and we are up at the kind of levels we havent seen since last year and before that since before the financial crisis. The u. S. Dollar index is off about 1. 5 points. With these very high yields, it draws people into the dollar but they have started to give up some of the gains we have seen in the last few weeks and nymex crude is back up to date dollar per barrel at 81. 40 one cents. Jon i am watching some of the Energy Starts trending higher with oil pushing back higher and one of the big things outside the macro headlines is been the Retail Sector with so many Earnings Reports. We are still seeing a mixed picture from that group. Youve got a name Like Ross Stores with guidance that was crowdpleasing so the shares are up about 5 now but then you got farfetched thats getting crushed, down more than 40 with struggles for the u. S. Business. Dont go to sleep beca
Be getting more mixed messages. Just today, an important gauge of manufacturing activity, the new york feds empire state survey, tumbled to its lowest level since 2009. But then another report on home Builder Sentiment hit its highest level in nearly a decade. With manufacturing and housing, two very important pillars of the economy, the debate within the market over when the central bank will act isnt going away anytime soon. Steve liesman has the story. Reporter as temperatures rise in august, the debate over the fed raising rates in december is reaching a new level. Youre looking at a significant correction in u. S. Equity markets and pushing the u. S. Economy back into recession. Reporter there are plenty of reasons the fed should stay pat and not hike. Chinas changing yuan, and yet weve seen the economy gaining momentum in the Second Quarter, and we think that will carry over in the second half of the yert. Reporter secondare quarter grows is now forecast to be above 3 . Consumer
Be getting more mixed messages. Just today, an important gauge of manufacturing activity, the new york feds empire state survey, tumbled to its lowest level since 2009. But then another report on home Builder Sentiment hit its highest level in nearly a decade. With manufacturing and housing, two very important pillars of the economy, the debate within the market over when the central bank will act isnt going away anytime soon. Steve liesman has the story. Reporter as temperatures rise in august, the debate over the fed raising rates in december is reaching a new level. Youre looking at a significant correction in u. S. Equity markets and pushing the u. S. Economy back into recession. Reporter there are plenty of reasons the fed should stay pat and not hike. Chinas changing yuan, and yet weve seen the economy gaining momentum in the Second Quarter, and we think that will carry over in the second half of the yert. Reporter secondare quarter grows is now forecast to be above 3 . Consumer
Be getting more mixed messages. Just today, an important gauge of manufacturing activity, the new york feds empire state survey, tumbled to its lowest level since 2009. But then another report on home Builder Sentiment hit its highest level in nearly a decade. With manufacturing and housing, two very important pillars of the economy, the debate within the market over when the central bank will act isnt going away anytime soon. Steve liesman has the story. Reporter as temperatures rise in august, the debate over the fed raising rates in december is reaching a new level. Youre looking at a significant correction in u. S. Equity markets and pushing the u. S. Economy back into recession. Reporter there are plenty of reasons the fed should stay pat and not hike. Chinas changing yuan, and yet weve seen the economy gaining momentum in the Second Quarter, and we think that will carry over in the second half of the yert. Reporter secondare quarter grows is now forecast to be above 3 . Consumer