Set for another lower open with a rough start to q4. Wework has been jumped. Downgraded by 2 gnashes. And shares of stitch fix tumbles. Company forecasts a soft quarter ahead. Stocks continue their downward momentum today, a day after the ism Manufacturing Index fell to its lowest level in a decade yesterdays selloff erased the gains for 3q we did get Economic Data in the past hour. Adp says private sector added 135,000 in september that beats forecasts by about 5,000. There was downward revision to august, though, and refinitiv, jim says, adp estimated bls in eight of the last ten septembers well watch for friday right i do think that there is a pall cast over this market since the impeachment announcement every piece of data that comes out, instead of good things, bad things well talk about stitch fix. The quarter was Good Business is good they decided to invest uses the word invest over and over again in a Conference Call. Invest to make the business great. Everything that she said
Manager. John halfer ford income trust. Fedex blasting away that Earnings Report leading to a huge rise in the value of that stock. Very shortly well have oracle reporting as well. Dennis will report that. We also have surprise visitors coming in including ron paul by the way toward the end of the hour. Tim, i want to go to you first, if i may, talk about who bernanke, bernanke is always talking about the economy. Always talking about unemployment motivating his decisions but to what extent was the Market Reaction the basis for his decision . That is, do you get a sense bernanke was playing to wall street in his decision today . If i would guess, david, i would guess he is playing to the Housing Market, maybe not so much wall street. Were stockpickers, not fedwatchers, but i think he was really spooked what the backup in rates could be doing to housing because housing has been one of the biggest drivers in the consumer led turn around. I think he was placing to the Housing Market, not