Policymakers meet to decide on interest rates. All of the major indexes rose 1 or more. The Dow Jones Industrial ave 177 points to 18,212. Nasdaq added 75. S p 500 was up 21. The rally may have been sparked in part by todays soft Economic Data which lowered the possibility of a rate hike next week. Today we learned consumers did not spend as much as they were expected to last month. Thats important because Consumer Spending makes up 70 of economic activity. Inflation was flat. The central bank wants to see that pick up. Industrial production contracted as did a read on Manufacturing Activity in the new york area. So we have two reports tonight. First, Steve Leesman on whats going on with the economy. Reporter a massive amount of data released today that investors hoped would clarify the economic situation. Instead, the outlook is just as murky as before. Retail sales came in worse than expected as consumers took august spending off. Purchases in the Current Quarter remain strong. Facto
Policymakers meet to decide on interest rates. All of the major indexes rose 1 or more. The Dow Jones Industrial ave 177 points to 18,212. Nasdaq added 75. S p 500 was up 21. The rally may have been sparked in part by todays soft Economic Data which lowered the possibility of a rate hike next week. Today we learned consumers did not spend as much as they were expected to last month. Thats important because Consumer Spending makes up 70 of economic activity. Inflation was flat. The central bank wants to see that pick up. Industrial production contracted as did a read on Manufacturing Activity in the new york area. So we have two reports tonight. First, Steve Leesman on whats going on with the economy. Reporter a massive amount of data released today that investors hoped would clarify the economic situation. Instead, the outlook is just as murky as before. Retail sales came in worse than expected as consumers took august spending off. Purchases in the Current Quarter remain strong. Facto
Tom you came in from jfk last night and got here barely in time for the show. Francine it is better to walk then to take a cab. Tom the president speaking this morning in new york as well. Francine i think a lot of focus on refugees and what is not going great in the world. Tom im going to go back 48 hours. Yesterday, bombing the capture of the suspect, this was truly front and center. Francine lets get straight to the bloomberg first word news. Taylor north korea appears to have taken another step toward developing a missile that could affect u. S. They have ground tested a new type of engine for longrange rockets. They conducted their biggest ever nuclear test last week. British Prime Minister theresa may shrugging off morning from the eastern members that they will veto a brexit deal. Name says it is in everyones interest to reach an agreement. Several countries are looking to block access to the Single Market. In afghan immigrant arrested the bombings in new york and new jersey is
Policymakers meet to decide on interest rates. All of the major indexes rose 1 or more. The Dow Jones Industrial ave 177 points to 18,212. Nasdaq added 75. S p 500 was up 21. The rally may have been sparked in part by todays soft Economic Data which lowered the possibility of a rate hike next week. Today we learned consumers did not spend as much as they were expected to last month. Thats important because Consumer Spending makes up 70 of economic activity. Inflation was flat. The central bank wants to see that pick up. Industrial production contracted as did a read on Manufacturing Activity in the new york area. So we have two reports tonight. First, Steve Leesman on whats going on with the economy. Reporter a massive amount of data released today that investors hoped would clarify the economic situation. Instead, the outlook is just as murky as before. Retail sales came in worse than expected as consumers took august spending off. Purchases in the Current Quarter remain strong. Facto
With me as Caroline Hyde. Do you even know what a butterfinger is . Carolyn i know what a kick cap is. Kit kat. Is. Tom it is not european chocolate, it is an american acquired taste. As of right now we need to get to the bloomberg first word news. Vonnie David Cameron hopes to close the deal on that u. K. Membership. Confessions if he gets the concessions he wants there will be a four month warned there is no guarantee that he will get an agreement. Turkeys Prime Ministers is a overnight, turkey carried out airstrikes against kurdish rebels in Northern Iraq. Turmoil has gotten worse in the ukraine. There isoalition a battle between president poroshenko and that ukrainian Prime Minister. Obama will make history with a trip next month to cuba, 55 years after the u. S. Broke diplomatic ties amidst the cold war. More than a year ago, the Obama Administration and cubas communist government agreed to normalize relations. The regime is still criticized for human rights violations. Leadd trum