A bounce in the eyes and Services Data out today in order to save the market but today the i sense that his readings on the u. S. Services sector fell last month to its lowest level since august of 2016 coming in at 52. 00 expectations of 55. 00 Service Oriented companies employ the vast majority of americans and registered the weakest growth in september in 3 years business production new orders grew more slowly and employment levels were essentially flat so between the 2 numbers now the pair of surveys clearly point to a sharp loss in momentum the Services Side is much larger than manufacturing accounting for about 80 percent of the u. S. Economy manufacturing only makes up roughly 20 percent so many analysts came out and they didnt place too much emphasis on the manufacturing numbers earlier this week and they were overly dismissive of the weak reads they said that the market shouldnt panic yet manufacturing doesnt amount to much and Services Matters more and thats actually still ex
Sheer Saoirse Kennedy was found annispsa. He Kennedy Compound at hill was just 22 years old. Marc liverman is in new york. Good morning, marc. Good morning, wendy. Theres still a lot of questione loss of another kennedy. Robert f. Kennedys granddaughter died thursday afternoon at the familys compound in hyannis port, massachusetts. Emergency responders rushed to the estate of nantucket sound. Her family released a statement saying our hearts are shattered by the loss of our beloved saoirse. She was the daughter of robert f. Kennedys fifth daughter courtney. She was due to graduate from Boston College next year. The sixacre estate is best known for being the summer white house for president john f. Kennedy. The death is the latest in a long line of tragedy in the political dynasty. President kennedy and his Brother Robert were each assassinated in the 1960s. John kennedy jr. And his wife died in a private plane crash in 1999, not far from hyannis port includmichael kennedvid kennedyr or
Im so gad so glad we made it. So glad we made it. Youve got to give me some loving. Give me, give me some loving. Cheryl welcome to fbn a. M. Good morning. Im cheryl casone. Lauren good morning. Happy monday. Im lauren simonetti. Cheryl lets take a look at how your money is moving this morning. Weve got green across the board on hopes of a u. S. China trade deal, at least restart of talks. S p is up 31 and three quarters and nasdaq up 129. Lauren the yield on the 10 year treasury is moving to the upside. 2. 03 . Cheryl we have Economic News to look out for, data on manufacturing will be coming out and Construction Spending. Lauren take a look at asia, markets in hong kong closed today. We are watching antichina protesters retake to the streets. The shanghai composite skyrocketing 2. 2 overnight. Cheryl finally, the Global Optimism is hitting european markets as well, as you can see. Again, all of this thanks to the g20 meeting. The ftse, the cac and the dax are all higher. Lauren he th
Goods this time from the eu. The big political story of the day, congresswoman alexandria ocasiocortez going after the Border Patrol during a visit to a migrant detention facility. Wait until you hear the shocking claims she is making about conditions there and you will also hear how Border Agents are responding. There is a lot going on this morning. Varney company starts right now. David nike pulling a special fourth of july sneaker featuring an early American Flag after Colin Kaepernick got involved in the whole situation. He reportedly told nike that the early American Flag on the shoe is offensive because of its connection to an era of slavery. Joining us is market watcher john layfield. John, is nike going too far with Political Correctness . Im not sure here. Like i kind of feel for nike here because they are trying to stay apolitical as crazy as that seems. They just pulled a product in china because the japanese designer had some ties to the hong kong protest as far as support.
Losing month for 2019, first may decline for 2012 this morning you see modest green arrows s p futures up by 2 points and the nasdaq up by about 9 points. Overnight in asia markets slightly stronger. President trump coming back from japan. You see the nikkei closed up by a third of a percentage point. Similar gains for the hang seng and the shanghai deposit up about 0. 6 in europe its a mixed picture. The ftse up by about a tenth of a percent. Stocks are weaker in it will i and in spain as well if you talk a look at whats been happening in the treasury market in the United States, youll see the tenyear is yeeling, wow, 2. 89 , so below 3 . This morning alibaba deba debating whether to offer new public shares in a second offering, this time to hong kong reported will i they could raise up to 20 billion. Theyre currently working with financial vuzers to offer the listing as early as this year. The Company Initially listed in new york in 2014 raising a record 25 billion shares of alibaba