Flat that really does obscure a lot of drama up at least 2 s that has been pretty dramatic. Also why the nasdaq has been down so a lot of those profits are coming out of there. The hang seng up by 1 3 4 mentioning those tariffs that china will be taking off those goods. We have more on that front in a moment also an American Chamber of commercesaut u. S. Chamber services have been getting hurt and many of them are moving away more quickly than anticipated redirecting businesses there in the meantime, lets look at what has been happening. For the most part, green arrows. The ftse is up the dax up about. 75 . And cac is up. The trezy market and yields, they have firmed up. The 30year trading almost 2. 2 . 10year at 1. 714 . Twoyear note at 1. 67 breaking deal news, Hong Kong Exchange proposing a 36. 6 billion cash and stock offer for the London Stock Exchange saying it approached the lse with a bid last year, they agreed to buy refinative in a deal peloton says it plans to price shares b
Good wednesday morning, welcome to squawk alley. Im carl kinquintanilla, with Morgan Brennan the dow down 538 and the other big story is the inversion of the yield curve which has preceded every u. S. Recession for the past half century. Were going to watch that carefully along with the vix above 21 dom chu is looking at some various factors about the curve and how it might affect assets all around the whorld. It was just around 6 00 a. M. Eastern time that we did see that inversion, the difference between the two and the tenyear looking like its moving higher. You can see the tenyear note yield curvely 1. 584 , no longer inverted however, it has widened out just a little bit two basis points separates these two particular yields. Thats going to be a big deal. Like you said, it has been a possible reliable recession indicator, and one of the ways youre seeing it here is how long its been since weve seen the last move in that particular yield curve. You have to go all the way back to 20
Strong considering the fact you have a 3. 7 Unemployment Rate wage growth well contained, that raises the possibility that we can take Unemployment Rate well under 3 1 2 , before we run into a serious problem, with pricey inflation labor market may be tight but not overheating in a sense that is poses a threat cheryl big show this morning, Fox Business Network dagen to price stability maria okay, all right you are not worried about all of mcdowell, moodys capitol john this you think the economy keeps growing. I think it will keeps is here and analyst. Growing however that ism manufacturing report contained lowest reading on good morning, gd to be manufacturing employment sings 2016 keep an eye on that. Here. Joining the conversation americans for tax reform president and founder grover no. What is happening with manufacturing is interesting because jobs are changing in manufacturing. And so there are jobs out there, bemployers having difficult time finding skilled tenth, robotics artif
Lemonis if i cant convince her to trust my process, Monica Potter home may be at risk of closing forever. Monica i just i cant do it. Lemonis sit tight for a second. Monica ii cant do any more. Lemonis my name is marcus lemonis, and i risk my own money to save struggling businesses. Were not gonna wake up every morning wondering if we have a job. Were gonna wake up every morning wondering how many jobs we have to do. Its not always pretty. Everythings gonna change everything. But i do it to save jobs, and i do it to make money. This. Lets go to work. Is the profit. You might recognize Monica Potter from nbcs longrunning series parenthood. But when shes not making movies or tv, shes making products like skincare, room sprays, and candles and selling them through her company, Monica Potter home. Monica the best part about the whole company is we are bringing jobs back home. Lemonis a cleveland native, monica opened her first retail store in nearby garrettsville in 2014, employing her sis
To the 90s. A live camera represents the forecast high for portions of california and you can see a big temperature range all the way from the low 60s to the mid 90s, at least for us. High clouds in Southern California with a monsoonal pattern and a reversal in the wind pattern blinking in clouds and just outside, we will watch for this all day long but it looks like the best chance of storms will be to the south and to the east the east of the bay area including the cro toward lake tahoe. Low clouds and fog making a comeback in portions of the region, especially over the bay and current numbers are in the 50s and it is mild and walnut creek, 64 and redwood city, upper 50s in San Francisco, 56. Warm air is compressing that marine layer. It is dense and will impact your plans in the short term. Patchy areas of fog and a big temperature range of 60s through the 80s with warm locations cooler compared to yesterday. The time is 7 02 and we will check in with sal with activities picking up