It in boston businesses talked about a delay of getting product from other places than china because foreign imports could not handle the excess capacity overall the fed monitored Manufacturing Activity as slightly down. Half of the districts reported a slow down in manufacturing rather than lay off workers, companies in cleveland were opting to reduce overtime and cut shifts in st. Louis declines in production, new orders and Capacity Utilization for the First Time Since 2016. But, guys, there were still several districts such as philadelphia and minneapolis that were reporting strengthening in Manufacturing Activity so, there was still somewhat of a mixed picture across the country. Back to you. Thanks very much. Steve liesman joins us now with more on what the beige book, steve, is telling us about a possible slow down you see the continuation of the krkz we had in the last hour about the mixed message in the fed. Did a great job covering all the different, you have one place where
And then in europe youre going to see equity futures there also to the upside this morning, gains across the board of better than 1 . Its up a third of a percent and stocks in italy up by 1. 5 breaking news happening moments ago, hong kong leader has now announced the official withdrawal of the extradition bill that sparked months of mass protests there its one of five demands including universal suffrage in the citys elections it sparked a late night rally in hong kong with stocks closing higher by nearly 4 youre looking at the stock chart right there. A loif report from hong kong in a couple of minutes. The other big global story is a political Crisis Brewing in the u. K. He joins us to explain the situation to app american audience that isnt necessarily familiar with the parliamentary procedure. This is not for me this is not for me this is for certain individuals that may not understand what is going on there but go slowly just in case i want to pick up a few of the nuisances and w
What are we doing . Interesting but smart leading the feds beige book. Leading with beige. Check in on regional economies is telling two very different stories. How we are adjusting to the trade war. On one hand the beige book highlighting a retail chain that raised prices on furniture but is considering reversing the price hike because consumers arent buying it meantime, in cleveland manufacturers are feeling the pain by cutting overtime pay rather than laying off workers things looking up in philadelphia and new york. This is like a choose your own adventure book choose your own beige book. Are you allowed to do that . Is the economy headed down the path of new york and cleveland or are we Holding Strong like philadelphia and minneapolis . Gia dam uy adami. Ill be optimistic. Things look okay, not great. Thats reasonable. I think that along with the news out of hong kong where things have been tapered down for a couple of days, thats encouraging. The market is up 3 4 of a percent, 8
Tariffs imposed by the u. S. What it all means for apple. Google will pay 170 million as part of an agreement with the ftc for violating childrens privacy on youtube. Critics say it is not enough. And slackjawed. Slack shares plunge after the companys first Earnings Report since its training debut. There are Service Problems and competition from microsoft. This week, china and the u. S. Announced facetoface negotiations aimed at ending the tariff war will be held in washington. Skepticism on both sides for true progress remains high. This follows president trumps 15 tariff that became a reality last sunday, dragging apple further into the trade war. While the flagship iphone is currently spared, some key products are not. Namely, airpods, apple watch, home pod, and imac. Guests joined us to discuss on tuesday before the latest round of talks were announced. Apple is, like you pointed out, the clear one. Any company that has manufacturing in china is there. But what is potentially more
Google will pay 170 million as part of an agreement with the ftc for violating childrens privacy on youtube. Critics say its not enough. And slack. Stock shares plunge after clear one. A anyone that has manufacturing in china is there. What is potentially more interesting is it is it is starting to spill over to other industries. Was an example. Everyone thinks about being defensive. Toy are actually starting see and outlook as a result of the ongoing trade war now the tariff has kicked in in our reality. I think we are going to see a lot of that go through and the companies say, is this going to impact some of those . What are the second derivatives like . That would involve anyone outsourcing that. It may not be obvious. You mention individual companies. Asonder if it is as simple qualcomm by salesforce. Or is there something idiosyncratic within those companies you need to look at . To be specific about the individual companies, not just the sector. Of asw it is thought being more d