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Transcripts For CNNW Early Start With Christine Romans And Dave Briggs 20190823

i m julia chatterly in for christine romans. it is friday. happy friday. august 23rd. 4:00 a.m. here in new york. we have reports from france, south korea, and brazil. first, it s hard to recall a wilder two-week period for the markets and the economy, cracks are beginning to form. some of them self-inflicted perhaps by the white house. in just the last two weeks, the yield curve inverted. investors demanding higher rates in the short term. we ve had new projecions saying the deficit will soar past $1 trillion in 2020. job estimates will revise down, and the president repeatedly flip-flopped on a new tax cut. this trade persistent uncertainties leaving the fed searching for flexibility here. yesterday we learned the manufacturing sector is shrinking for the first time in a decade. all that means a pretty big day for fed chair jay powell. he faces a serious test with a high-profile speech in wyoming, looking here to reassure investors. he s also facing pressure from presiden

Transcripts For CNNW Early Start With Christine Romans And Dave Briggs 20190823

inspire you. good morning, welcome to early start, i m dave briggs. and i m julia chatterley. it s friday, august 23rd and it s 5:00 a.m. in the east. well, it s hard to recall a wilder two-week period for the markets and the economy. cracks beginning to form, some of them we have to say self-inflicted by the white house here. in just the last two weeks the yield curve inverted, investors demanding higher rates in the short term. we had new projections saying the deficit will soar past $1 trillion in 2020. job estimates were revised down and the president repeatedly flip-flopped on a new tax cut. this persistent trade uncertainty leaving the fed searching here for flexibility and yesterday we learned the manufacturing sector is shrinking for the first time in a decade. all that means it s shaping up to be a pretty big day for federal reserve chair jerome powell, a high profile speech in wyoming looking here to reinsure investors. he is also facing pressure from presid

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