To accelerate. Interestingly we published a couple of weeks back a note that said we might see the acceleration in the short term and this might be as bad as it gets but that should not change the overall picture that the rate of decline has dramatically tolerated for Traditional Television and there does not seem to be any question that we are in a new normal for the rate of decline for the traditional system is 5 or so a year which is extraordinarily rapid decline for something thats been around as long as traditional att division. Host youre talking cable and satellite primarily, correct . Guest correct. Traditional distribution via cable or satellite. What is interesting and most interesting part of the story is if you went back a year ago you would have said the virtual and bpd so the youtube tv and the who live in that sort of thing were really what was driving this migration away from traditional linear tv. Today it looks like that thesis was wrong and the uptake of those Virtua
The stunning things millennial would rather spend money on . And whats driving them to brink of a quarter life crisis . Its monday, september 9th. Fbn a. M. Starts right now monday, monday. So good to me. Monday morning, it was all i hoped it would be. Oh, monday morning lauren welcome to fbn a. M. Good morning, monday morning, im lauren simonetti. Cheryl good morning, im cheryl casone. Lauren welcome back. We have relatively muted start to the trading session in the u. S. , dow up 44, s p up 5, nasdaq gaining 14. Cheryl as investors await central bank decisions, the yield on the 10 year is higher by 4 basis points, youre seeing strength in the bond market. Lauren wti is trading to the upside. Oil extending gains ahead of an opec meeting and saudi arabia ousting the energy minister. We have 57 for wti and gold at 1516 an ounce. Cheryl stocks in asia rising modestly after china announced the plan to he throw more cash into system. When the reserve limits are actually lifted. You can see
Getting hit. Hi, eamon. Yeah, as of this moment, the feel iing in the building is th they are still tracking and expecting some kind of response from the president to the chinese tariff escalation of this morning which happen nd the premarket hours. Now aides are telling me they dont know what the president is going to do here they dont know when hes going to do it and they dont know what the format is going to be are we going to get a tweet from the president this afternoon see him behind a lectern here at the white house . A piece of paper from the press office no real planning for what thats going to look like but the expectation a is that the president is going to respond. We know the meeting with the president s team has wrapped up now and you can take a look at policy advisers who were in the room with the president as they talked about all this. Mnuchin, larry kudlow then Robert Lighthizer and Peter Navarro on the trade team specifically all in the room with the president for a
Part in one of the biggest dinosaur digs of all time. Hello and welcome im katty kay in washington and david eades is in london. Israel has announced its blocking a planned visit by two us congresswomen after being urged to do so by President Trump. The two women are both muslim. This morning the president tweeted, it would show great weakness if israel allowed entry to ilhan omar and rashida tlaib. Ms tlaib is of palestinian origin, ms omar came from somalia. They are both us citizens. Israel did what the president wanted, with israeli Prime Minister Benjamin Netanyahu defending the decision saying the congresswomen planned to harm israel. Heres tom bateman from jerusalem ever since their visit to the occupied west bank and East Jerusalem was omitted there were those on the writing israel saying they should be prevented from coming into the country. That would be possible because of a controversial law introduced in israel a couple of yea rs law introduced in israel a couple of years
And retail sales. The industrial output question, the tariffs, trade war tensions are at play. In fixed Asset Investment, there was a view that might stabilize as a result of the bond issuance and pick up infrastructure spending. David i can tell you now that industrial output number is one ugly number. 4. 8 . The estimate was for 6 and i confirm with you guys, that should be the worst phase of growth for industrial output going back to when Michael Jacksons dangerous was top of the charging 1992. Miss we have alliancebernsteins chief economist for china. Bad numbers. 4. 8 . That is very low. It really for flex how the slowdown in reflects how the slowdown in china is happening. Currently china not only has the cycle but the uncertainty from the trade tensions. A double down pressure on the economy and it is happening. It is obvious they might need to do more because the economy seems to be slowing down a little more than what they expect. Do you think 6 growth for the full year, is th