Little ahead of expectation. The employment number has picked up a little bit as well. But you need some real analysis on what is happening here. Theres one man to ask, mike mckee, bloombergs International Economics and policy correspondent. Michael read into it what you want. The numbers for ism do come in at a headline level lower than the last month. 56 last month, 55. 4 this month. It would suggest a be a little slowing, but that is the statistical anomaly probably. It isnt a major change. We see drops in new orders and production, but those were very healthy. For for new orders, 61 production. It is not positive. There is still some contraction, but it is up to 49. 6 from 46. 4 . It does suggest some progress in adding back some of the jobs that were lost. Customer inventories is an interesting category a lot of people has been what a lot of people have been watching. Do you need to increase manufacturing to replenish those inventories . That would suggest that you do. New export
Taking a look at how european equities are trading right now at 30 minutes before the end of the wednesday session. We are seeing a rise in four months year. For now, we have on yield rising along with commodities. We have bond yields rising along with commodities. The euro temporarily rose above one dollar 20 against the dollar. It makes a question of if the odds of intervention from mario draghi increases next week. The ecb may make some references which couldnge effect, lesson, or hold for the next few months the pace of appreciation. A meaningful reversal seems unlikely. The ubs says that buying euro at this level should be a profitable investment over the next one or two years. Over the next one or two months, it might be difficult to chase the currency higher given that the ecb is targeting inflation. Euro pushes down on inflation which is still well below the ecbs target of 2 . The data points of interest today in the u. K. Were Consumer Credit cooling slightly in july amidst co
Take a look at gasoline, another twoyear high at 5 and the spread getting wider. Wti versus brent off by six dollars, really speaking to the overproduction and oversupply of oil in the u. S. As the impact of Hurricane Harvey is truly felt. 2 10 of a up by percent. Steady for now. And the commodity we are really watching, copper. Seven 7ch million a ton . And emma chandra has first word news. Emma Hurricane Harvey hitting louisiana, making its second landfall today coming ashore in the western part of the state after dropping 50 inches of rain on southeast texas. It is blamed for at least 18 deaths in the houston area and Law Enforcement says 13,000 people have been rescued. 80 billion, hit making it the second costliest Natural Disaster in u. S. History. A warning from north korea, kim jongun saying the testfiring of a missile over japan was a meaningful gesture toward guam. He said he will watch the response of the u. S. Before deciding on further action. He is readying his military t
Today in the bay continues right now. Because after all, we are just in friday. Even though were looking at saturday and sunday. Good morning. Thank you for joining us. Im laura garciacannon. Im sam brock. A lot of people lump it together. Friday, saturday, sunday. Youre basically there. Clear shot outside as well. You can take a look at that pink sunrise right behind us, and its a beautiful start to this friday morning. Get up, get moving. We have Cool Temperatures to start. But it doesnt end that way. Looking a the forecast for San Francisco, were up to 68 degrees today. And it will be a windy one. Still breezy tomorrow. And look at how the temperatures go up over the next few days. Inland areas, its going to feel like summer before you know it. Look at the hot, hot forecast for the middle of next week. Well be in the upper 80s, so get ready for that. Well talk about more of what to expect in a few minutes. Mike has though b. A. R. T. Delays continuing. We still have b. A. R. T. Dela
Today in the bay continues right now. Because after all, we are just in friday. Even though were looking at saturday and sunday. Good morning. Thank you for joining us. Im laura garciacannon. Im sam brock. A lot of people lump it together. Friday, saturday, sunday. Youre basically there. Clear shot outside as well. You can take a look at that pink sunrise right behind us, and its a beautiful start to this friday morning. Get up, get moving. We have Cool Temperatures to start. But it doesnt end that way. Looking a the forecast for San Francisco, were up to 68 degrees today. And it will be a windy one. Still breezy tomorrow. And look at how the temperatures go up over the next few days. Inland areas, its going to feel like summer before you know it. Look at the hot, hot forecast for the middle of next week. Well be in the upper 80s, so get ready for that. Well talk about more of what to expect in a few minutes. Mike has though b. A. R. T. Delays continuing. We still have b. A. R. T. Dela