And retail sales. The industrial output question, the tariffs, trade war tensions are at play. In fixed Asset Investment, there was a view that might stabilize as a result of the bond issuance and pick up infrastructure spending. David i can tell you now that industrial output number is one ugly number. 4. 8 . The estimate was for 6 and i confirm with you guys, that should be the worst phase of growth for industrial output going back to when Michael Jacksons dangerous was top of the charging 1992. Miss we have alliancebernsteins chief economist for china. Bad numbers. 4. 8 . That is very low. It really for flex how the slowdown in reflects how the slowdown in china is happening. Currently china not only has the cycle but the uncertainty from the trade tensions. A double down pressure on the economy and it is happening. It is obvious they might need to do more because the economy seems to be slowing down a little more than what they expect. Do you think 6 growth for the full year, is th
President trump will delay china. Nal tariffs on markets rally on the news of apple surging 4 . The cbsviacom romance leads to a waiting. The megamerger shery breaking news out of south korea. We have the Unemployment Rate for the month of july coming in at 4 . That was as analysts expected. The third month in a row that stayed at 4 . South korea added 299,000 jobs in july, higher than the 281,000 they added in june. The south korean economy and job market being highly supported by government job creation. We are expecting the extra budget set to pass parliament at the start of august to also give more support for the job market. Exportseantime, continue to plunge in south korea, now headed to the ninth month of export declines in august. We have seen the weakness in w theon throughout these the south korean won. In hongrn to sophie kong for a check on where markets are headed this morning. Sophie we have plenty more data to come through from asia including a check on chinas monthly ac
hail and potential tornadoes in the deep south. a weekend washout in the northeast. and out west, the big melt raising flooding fears. plus, new bank bailout? the government set to seize and sell yet another failing financial institution. and later, with the coronation of king charles one week away, we look back 70 years and the great race among american networks to show this majestic moment first. there goes tommy thompson up there to get those films. announcer: this is the cbs weekend news from new york with adriana diaz. good evening, everyone. adriana is off. i m errol barnett. we begin tonight with a manhunt happening right now in texas. policer ersearching for the gun that killed eight people, in their words, execution style. it apparently began as a dispute among neighbors. among the victims, an 8-year-old boy. grace white of cbs station khou joins us with more. grace, good evening. reporter: errol, police say the suspect used an ar-style rifle and remain
word with the great lawrence o donnell. good evening hey there when i heard elizabeth warren say that she want banking to be boring, i, thought mission accomplished my entire life i hav considered those two words hav always gotten together banking and warren until one of them fails. and so, here we are. you are either a person who is excited by the movement o money, or you are lulled t sleep by it i, mean yeah. i took a lot of economics in college, and definitely put in my hours in terms of learnin it but i can t say enough or move me or gave me feelings that said, on days like this you need somebody like elizabeth warren somebody like katie porter, wh was on here earlier, to both explain what is going on but also pointed a finger at the people who did it wrong, here. who brought us to drama like we ve had in the past fe years. yes jen psaki is going to join u later in the hour. because there is nothing quite like - well there are things, like bu bank failure is one of
do it for us tonight thanks very much for being here now, it is time for the last word. with the great lawrenc o donnell. good evening good evening, rachel. you know, when i heard elizabeth warren say that sh wants banking to be boring, thought mission accomplished my entire life, i ve considere those two words have alway gone together, banking and boring and of course, until one o them fails and so, here we are. listen, you are either person who is excited by the movement, or you are lulle asleep by it i mean, yeah i took a lot of economics in college. and definitely, like, put in m hours in terms of learning it. but i can t say it ever move me or give me feelings that said, on days like this you ve got to i mean, you need somebody like elizabeth warren, somebody who s like katie porter, who i on our air earlier tonight, to both explain what s going on but you also, i, think point the finger at the people who did wrong here, that got us to trauma like we ve had over th