A few minutes early, again we are seeing a trend from the shift of the old economy to the new economy. We have the january manufacturing coming and at 51. 3 and we are still comfortably above that level. We were looking for a number of 51 point six. They are easing back of the more than expected. Not manufacturing though. 55. 3. That is better than decembers 55 number. That includes services as part of that component there. Gaining a little more pace. This is the rebalancing that policymakers have been looking for. That manufacturing take into account construction. Lets have a look at going back to 2000 and eight. The numbers have fluctuated. The version ofs this which takes into account more of the small to mediumsized enterprises. Reflect morealso of the state owned enterprises. Uptick take place, those s mds just a little weaker than they had been expected. This number has not being reflected today. At a mixed bagok out there. There is one company probably responsible for all that i
Headlines, we have come back to matt or it the vix goes nowhere. I am looking at sterling ahead of theresa mays speech. David that is part of the morning brief. We are going to have all eyes on lawrence as recement outlines her new brexit strategy. We will hear from Esther George at 9 30 a. M. We are going to get manufacturing. At 1 30 p. M. , we will hear from the dallas fed president. Overnight, the world reacted to the escalation rhetoric between north korea and President Trump. It started with the president s speech to the General Assembly on it tuesday. The United States has great strength and patience. If it is forced to defend itself or its allies, we will have no choice but to totally destroy north korea. It only impacts those to continue to do business with north korea. If china does business with north korea, it will impact them. New measures. He i would like to offer my support. We are on notice that Going Forward, they can choose to do business with United States or with no
Good day, everybody. Welcome to power lunch. Im tyler mathisen. Glad you could join us another daily and more records for the equity markets. The dow, s p, russell, nasdaq, you name it theyre reaching historic highs. The emerging markets rallying two, the etf that tracks them, on pace for its best day since september 11th. The airline pushing the dow transports to new highs as well jet blew, delta, united leading the way there. Lennar up about 3 . The home builder beating earn ares estimates. Now making a bit of a come back as you see theyre up 1. 2 . The electric car maker missing those model three goals more on this ahead. Im melissa lee. The National Retail federation expecting holiday sales to increase between 3. 5 and 4 this year. The u. S. Ordering 15 Cuban Embassy officials to leave. This comes after sonic attacks against american diplomats in cuba. Three nobel prices for scientists after breaking gravitational waves. We begin this hour in puerto rico. The president touching dow
Julie hyman is with us. We keep hitting record after this fight obstacles in the minds of strategist. That each has touched an intraday record and is on track for a closing record in todays session. The s p 500 is above the average above strategist we surveyed for their year end forecast, 2500. Typical we see stocks rallying about that forecast. We tend to see bullishness on the average on forecasters, so in todays session the individual stocks contributing index pointan basis, apple, j. P. Morgan, bank of america. We are seeing rates rise in the wake of his reach by janet yellen over the week that seemed to indicate some hawkishness on her part. 1. 5 ,shares up participating in a bounce back that stock recently. Also on the downside, some analysts calls dragging down stocks. Al j behind downgraded today. Hunt being dragged down today. Finally, Adobe Systems as well, Deutsche Bank in a note today saying it faces lengthening sales cycles in its Club Marketing segment and is trimming its
Steve bannon, controversial adviser to president is leaving the white house. Bannon has been on shaky grounds. Or weeks heres what President Trump said about bennett on tuesday during a News Conference at trump tower. President trump i like him, hes a good man. Hes not a racist, i can tell you that. He actually gets a very unfair press in that regard. Hes a good person. A good person but he is out. That craigjoins us gordon joins us from our washington bureau. Theres a lot of speculation of steve anna being on thin ice. That steve bannon being on thin ice. Thinve bannon a being ice. A couple of interviews he gave, want to the states, where he essentially said some angst that are in line with Donald Trumps agenda and some things that werent. He said essentially a war with gary cohn, steve mnuchin, this is generally not the thing you say when you have a job at the white house and you openly air this dirty laundry. Like a protest highlights bennetts position. Abandon is said to be clear t