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Transcripts For CNBC Squawk Box 20240713

Decline. Biggest drop since 2009. A real freeze that has hit the manufacturing economy. Thats right. The lowest ism reading this is a kind of this 340 versus last month survey sometimes market moves are inscrutable. Yesterday, markets were up clearly just challenged this idea that the u. S. Economy was resilient enough we are constandly talking about increasing recession fears. Suddenly this data point comes along. The consumer, in 2019, are we dependent on manufacturing to the extent we used to be no. Not even close it is a great swing factor it doesnt go down that much but it also accelerates that much. You take a look at treasury yields yesterday as soon as this number hit 0 years at 2. 089 . We were above 1. 7 on the 10year yesterday. That shows you the market is saying, okay, the fed is likely to give another cut in october not a sure thing probability right now. The october adp report will be released at 8 15 eastern. Reportedly added 120,000 private sector jobs last month johnso

Transcripts For ALJAZAM News 20140527

And carry the load. Those who spent their memorial day walking for hours to honor the fallen. And we begin in nigeria and what may be a glimmer of hope for the families of more than 200 schoolgirls kidnapped by boko haram, nigerias highest ranking military officer said today he knows where the girls are, but he also said the military will not use force to rescue them. Reporter this new information on the whereabouts of the missing girls came from the defense staff. He basically said and let me quote, the good news for the parents of the missing girls is that we know where they are, but he added we cannot tell you, and he also said we cannot go into the area with any kind of military force and cant kill our girls in the name of trying to get them back. Just leave us alone. We are working. Reporter obviously this apparent development will comfort the parents and families of the missing girls. Remember these girls have been missing since midapril and theres also likely to be some unknown

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