To the inability to get a nafta replacement deal done with mexico and canada, to the federal reserves lack of sensitivity to the strong dollar put it all together and the industrial economy just cant catch a break. And thats why the market exploded higher on that robust employment figure. Dow gaining 373 points, s p soaring 1. 2 nasdaq surging 1. 40 it didnt hurt that we were oversold look, i know the Unemployment Rate is down to 3. 5 lowest in nearly 50 years. But it has to do with the makeup of the economy the manufacturing side of the ledger is not just doing that well the weakness in manufacturing hiring gives fed chief jay powell all the ammo he needs to justify cutting the federal funds rate that may make it more in sync with the traditional curve of low short rates to higher long ones normally, you wouldnt expect the fed to hit the accelerator with the jobless rate this low, but wages are still stagnant and theres no inflation to speak of basically, if powell is asking himself,
Exchange, where we bring you todays market moving news from all around the world. Joining us from brussels, bloombergs maria tadeo, from london, ed evans, from the white house, Kevin Cirilli, and Michael Mckee joins me here in new york. First we want to start in brusselss maria tadeo. We are taking a look at euro area confidence falling to the weakest level since 2017. Maria tadeo joins us for more. Maria thats right. The numbers were particularly bad when it comes to industry. Trade uncertainty really weighing on prospects on the outlook. This is particularly bad for germany. This is a very export oriented economy. In europe, germany is coming under huge pressure to engage in fiscal stimulus to drop that black zero, no deficit policy. We are looking for any signs this is going to happen anytime soon. We are just not there yet. Has got to be, brexit. We are just four weeks away from what is supposed to be a hard deadline for a no deal brexit. Officials in brussels tell you the situatio
Estimates thanks to surging mobile ads on the news feed platforms. The company is now turning attention to monday he tiesing messenger and whats app. Were starting to put some ads in the product just to see the basic parameters on how that performs, how people like the ads or dont how they work for businesses and just try to get an understanding of that. So were starting to run that across the world all this, of course, is the market is hitting record highs the nasdaq is on pace for its best month in about a year due in large part to the tech names. On facebook itself, lets start there. Weve been talking about monetizing the acquisitions for years. It is finally happening . Its incredible that it really isnt happening at scale yet. Theyre just starting with instagram. They have the other huge platforms with whats app and messenger. We dont know how well they will monetize instagraem, highly visual, great video platform we and others are seeing huge usage in consumption of videos the id
The final elements of a deal are unknown. Its very hard to predict at this stage but however i think theres widespread agreement among u. S. Nuclear experts that the general contours of a good deal with established limits on irans programs that, taken together, would limit the size of the stockpile of enriched uranium at the number of centrifuges that iran could keep to ensure that this combination would leave iran approximately one year away from being able to produce enough highly enriched uranium for a bomb. It would also be modifications to the fordow facility into a research into the site and modifications to the arak heavywater reactor to make sure it is no longer capable to produce the amount of plutonium necessary to make a nuclear weapon. In addition to these account for proliferation benefits, preventing and Iran Nuclear Weapon would also result in another key benefit, the heading off of the regional arms race. It also would serve to strengthen the global nonproliferation sys
Warnings on class syllabi. Professors who offered content who may trigger on set of symptoms of post Traumatic Stress disorder would be required not only to provide advanced alerts but also permit students to skip class. If you dont like what someone says you can avoid the subject rather than facing it. In this world, sensitivity and civility are deemed equal to or in fact superior to Academic Freedom. A point recently made by the chancellor of uc berkeley to allow disapproval. But in the words of scholar steve woodward, if we make the fostering of friendship, solidarity, harmony, civility or mutual respect, primary and dominant value, then we risk sacrificing the universitys central purpose, teaching and scholarship. Central purpose. When i was first approached to give this talk, we explored a number of titles, including Political Correctness and its impact on american competitiveness. In an important way, i think this title understands that what happens on College Campuses does not s