The Fourth Quarter and also this week we will get the first glimpse oncoming quarter on friday with new jobs report, so we talked about this last week and looks like the economy has slowed a little bit and we have to see whether we get confirmation of that with the data that come out in the next few days. The earnings and the guidance obviously as usual will be important but now the democrats are turning the story, so far no reaction from the markets but the markets are now accusing President Trump of soliciting additional foreign assistance, this time from australia to investigate the origins of the Mueller Probe. The story in New York Times, the president public told reporters in may that he asked attorney general william barr to look at variety of countries potentially involved in the 2016 election. House democrats subpoenaing the president s personal attorney for documents and said Senate Majority Mitch Mcconnell would have to take Impeachment Vote if it makes its way to the senate
Is facing bikini backlash. It is thursday, october 3rd. Fbn a. M. Starts right now. Bang, bang into the room. I know you want it. Bang, bang, all over you. Ill let you have it. Wait a minute r, let me take you there. Bang, bang there goes your heart. Lauren welcome to fbn a. M. Im lauren simonetti. Cheryl good morning, everyone. Im cheryl casone. Lauren lets take a look at how your money is moving. Two days of triple dig e digit , the dow down nearly 600 points yesterday, and about 840 points evaporated in two days of heavy selling. Some relief this morning, dow futures are up by 70 points, nasdaq up 27. Cheryl weve seen a flight to safety the last two days, moneys been flowing into bonds and prices went up, the yield tumbling. The yield under pressure again, 1. 58 , a loss of 2 basis points. Lauren european investors responding to new u. S. Tariffs, the German Market is closed today. Cheryl the kospi is closed as are chinese markets, commemorating the 70th anniversary of the rule of t
David welcome to cavuto coast to coast im david asman in for neil cavuto. President hitting back over criticism after phone call with the ukrainian president and a democratic impeachment push. Blake burman is at the white house with the very latest. Reporter the president arrived at the United Nations about an hour early. He will be there for three days of meetings to talk to a dozen World Leaders to give a big speech tomorrow. As he was arrived this morning he was asked about the phone call earlier this summer with a newlyelected ukrainian leader volodymyr zelensky. He acknowledged on the phone call he did indeed talk about joe biden. The president also saying the conversations on the call were appropriate and that biden shoulding investigated in his view. The president feels that bidens son hunter benefited from business dealings in ukraine and china. Because of his fathers position then as Vice President. Phone call with the president of ukraine. Everybody knows it. It is just a dem
Five officials believe the federal fun rate should be at same rate. Five would like to see the rate at level it was before this meeting today. Now the Federal Reserve raises the gdp forecast to 2. 2 this year. Also see the Unemployment Rate nudging up to 3. 7 by the end of the year. Core inflation they do believe stays the sail at 1. 8 by the end. Year. In the statement everything was basically the same there except they added the fixed Business Investment and exports have weakened, changing from soft, Federal Reserve says they will act as appropriate to stay in expansion. Now on the shortterm funding costs that you were talking about, charles, the Federal Reserve lowered interest on excess reserves. Lowered interest on excess reserves by 30 basis points. The Federal Reserve sets it 20 basis point under the top range of the federal funds rate. They will continue the overnight repo operations to stablize the federal funds rate. They set the rate on the overnight repos five points under
College players to make money. A former player tells players be careful what you wish for even though making money off your efforts is part of the american dream. All that and more on making money. So the markets erasing a pretty nice gain at start of trading. Ism came in, ism manufacturing numbers came in lower than expected. Factory activity falling to 47. 8. Just know that in september, that is the low evident reading since june of 2009. It marks the second straight month of contraction in the manufacturing sector. President trump responding with a tweet, calling out the fed yet again, this time calling them quote, pathetic. I will bring in jack ablin, crescent Wealth Management and David Bahnsen. Jack, start with you. Nevertheless we started up sharply, almost every component of the report in contraction. What do you make of it . It was disappointing. I do think investors were looking for slight weakness in manufacturing. Saw hiring trailing expectations. But to have a number stead