Million manufacturing jobs in the u. S. The trend since the end of the great recession, dating back to the early days of the Obama Administration, has been incredibly positive. Slow but steady. The trend over the last year has been a little less rosy. We have added only about 26,000 manufacturing jobs over the last 12 months. This is in a private sector economy that added about 2 million jobs in the same period. Manufacturing has lagged far behind the rest of the economy. Duringas a 1. 5 year boom the Trump Administration, but that has dissipated. We have been losing manufacturing jobs. Host what do you. 2 for that for that lag . To guest there has been some uncertainty. It has come around as a result of the trade policy. I think it has had some benefits but it is also adding uncertainty to some businesses. They are reluctant to invest and other things are not getting purchased. That has a spiral effect in manufacturing. Gas,ave seen in oil and ironically when the prices go down a litt
Anymore. A lot of Global Markets are closed or for boxing day. Uk, germany, france, australia, italy and hong kong. I say it every year. Boxing day has nothing to do with boxing as a sport as a child, i always thought that u. S. Futures, we have some green arrows dow looks like it would open up about 30 points higher 10year note opening about 1. 97. New this morning, china says it is in close touch with the United States on signing a phase one trade deal both sides are 12i8 going through necessary procedures before signing despite progress on trade, tensions remain. Meantime, saying the phase one trade deal is, quote, an enormous step in the right direction. It is coming. It is coming it is done in your mind what we are going to get is what weve gotten. Phase two, i wouldnt think about it again like ever, ever no. Let it go. Gone for good oregon for the election . I think you need a change in leadership of china before we see anything significant even if trump wins in november of 2020,
Move we had early in the week and post thanksgiving. We are right back to where we were in yields, with the 10 year at 1. 83 percent. The dollar index strengthened poste jobs report. That said, it is still below 98. 2. 75 onachs is up news it may be close to settling with the Justice Department and other agencies on that probe into its dealings with 1mdb, the malaysian state Investment Fund. Nothing has been decided, and it may stretch into january, but low 2 billion would be considered a win for goldman. Guy i am being told the week Inflation Expectations component in the michigan data is the reason why bonds on yields have rolled over. We are back to 30 on the german tenyear. In terms of stoxx, we continue to be relatively strong. The other point is that at this point, it doesnt look at the fed is going to have to raise again next year. There might be diminished expectations for how high rates can actually go, and that could be putting a cap on rates here. Guy definitely a possibilit
Power lunch starts right now good day welcome to power lunch lets get a check on the markets. The numbers are in the red all the averages are as investors try to digest mixed signals on the u. S. China trade talks but the indexes are off the lows the dow is down. The s p 500 call these numbers pretty flat except for the russell which is off about a half a percent we begin this hour with major deal news as Charles Scwab is in talks to buy Td Ameritrade could we be in for wave of deals that turn the disrupted back into disare you positive tors. For more on what led to the talks, let head to the New York Stock Exchange you have a combination of two big forces going on. First you have the synergy more importantly its about skill. Revenue per customer is dropping because commissions have gone do zero theres other reasons for this as well. The trend, for example, to low cost and a way from higher cost mutual funds and into etfs hurts anyone or collects revenue sharing from funds on their pla
Dark about those allimportant trade talks with china. Top level negotiations start now. Where are they going, we dont know. But we can tell you that apple has removed an app which had been used to track the movement of Police Forces in hong kong. We can tell you that nba events in china have been disrupted because chinas bullying american basketball teams. And we can tell you that after being dropped in china for supporting hong kong protesters, south park has fired back with an obscenity. We can also tell you that todays market activity hinges almost entirely on any headline that emerges from the trade talks. In the absence of any hard news, its a virtual stalemate. The dow is going to be down maybe 30. Two down for the s p, maybe five points lower for the nasdaq. I will call that a standoff. Heres the stock of the day and its a big winner. Bed, bath beyond is up 19 free market. They have hired a top guy from target to turn around the ailing bed, bath beyond. Looks like that could be