Service sector, employment rose slightly and it was slowed by worker shortages, Household Spending was solid. Agricultural conditions across the country deteriorated some of the detail we were talking about in terms of around the country. Boston said signs of slowing were more widespread than they had been in the past chicago said manufacturing declined with a slight increase in growth overall. Kansas city had a slight expansion. New york reported a subdued pace of growth. And dallas a moderate expansion. Tariff guys were mentioned 24 times versus 24. Its been elevated as you know, for the past 1e6r8 months. Steve, thank you, sir steve liesman. Markets digesting the beige book lets go to bob pisani basically flat response here, with the s p down 8 bank stocks still slightly to the down side. The key is to watch the Global Growth commentary. Remember what happened yesterday . The imf lowered its outlook for Global Growth to 3 from 3. 2 back in july this is the lowest growth weve seen si
Im Morgan Brennan with melissa lee and mike santoli live here at post 9 at the New York Stock Exchange carl and jon are both off this morning. Weve got a big show ahead with shares of uber tanking more from our exclusive interview with Ceo Dara Khosrowshahi in just a few minutes. And later, dropbox dropping in a big way with those shares down 13 . Ceo drewhouse will join us in another exclusive at the bottom of the hour. But first, well begin with whats really been a wild week for the markets with the dow down triple digits again down right now about 165 points. What should investors make of the big swings in stocks that we have seen for this week . Bob pisani has those answers from the floor here for us bob . And the answer is that it depends on what the president is doing on tariffs and what the Federal Reserve is doing the president just making comments moments ago, not ready to make a deal on china yet, and thats frankly whats been moving the markets for the last week or so you see
Continue in the markets, but a big story involves disney and 21st century fox, a story faber broke at the top of the nine and joins us once again. About one month after we reported on the talks between disney and fox, designed for disney to buy largely all the entertainment assets of 21st century fox, we can tell you now they are closing in on a deal that could be announced as soon as next week, according to people familiar with the situation. That is not to say it is done, but it is to say they have made a great deal of progress talking about a deal for which the consideration will be all disney stock and when you take in the assumption of debt and the equity that will be exchanged for the assets in question, it will amount to more than 60 billion, again according to people familiar with those negotiations. An exact price could not be determined at this point the assets in question include foxs studio, its fx and nat geo cable networks, Regional Sports networks, my first reporting on
We will have more details. Everybody seems to be cutting prices. Wireless carriers, online brokerages, but costco is going the other direction and raising its membership fee. Investors not exactly happy about that. Stock is down 4 right now. We have both signs of whether todays drop is a buying opportunity for investors. Thats all coming up here. And making work cool again. Mike row, the former host of dirty jobs testified to congress about the importance of blue collar ones. He will join us live to discuss closing that gap. I always liked mike. Very nice man. Start with our interview with wilbur ross on squawk. Hope you saw it. Kayla tausche has highlights for us. It was a wideranging conversation, but much of it focused on trade because secretary ross said that the president has trade top of mind for what ross will be doing over the next four years. Getting rid of both tariff and what he calls nontariff barriers to trade. They sort of took a trip around the globe and explored the cas