Considering that we are hitting at sitting at super low borgen drapes right now john deere a bellwether for the agriculture and farming industry missed earnings and lowered guidance on friday due to the high degree of uncertainty around the u. S. Trade war with china Equipment Sales at the manufacturer declined 3 percent compared with the same last quarter fell in many men machinery manufacturer caterpillar also mr earnings and revenue estimates last month and cited farmers disappointment and postponement of major equipment purchases this data falls in line with previous reports of a slowdown in capacity as businesses tighten spending as trade war head winds intensify retail sales in the u. S. Were decent for the month of july as it increased by point 7 percent in july versus a cement point 3 percent the study pace of Consumer Spending is somewhat we assure and of the healthy labor market and low Unemployment Rate however keep in mind that these tend to be lagging indicators. Recession
Fed reserve was. Much on the top and hasnt responded nothing gets a lot out of what has happened but its not for fools who want to get anything like 2000. So another big slowdown scare this week was actually germany after the official g. D. P. Think i showed a contraction on point one percent in q tip so we may already be in a 2nd quarter of the contraction which would meet that textbook definition of a recession is the german recession already on its way and similarly whats the most important metric to follow when trying to make that call. I think it is germanys having a recession and germanys christ didnt have a credit because german banks and german policies are actually discouraged brought in borrowing and theyve survived mainly on huge strides. But that is a selfinflicted problem as germans are obsessed with running a balanced budget or even better that i think runs us but theres more monetary theory in the sauces if the government runs a service because the private sector they ha
Ever since 1071. 00 have always rallied following the fed rate cuts for an average of 6 months markets now currently anticipate a cut from the e. C. B. As deposit rate of at least 10 bits and a resumption of bond buying meanwhile mexico also joined the global easing tide and became the latest country to surprise with a rate cut the 1st in 5 years canada whose yield curve inverted by the most in nearly 2 decades is likely to cut next the bank of japan also announce that it will step in with further cuts and bond purchases in order to keep yields from sliding thailand also plans to step up with a 10000000000. 00 economic boost in order to hit their 3 percent growth and counter an economic slowdown so while markets are now enjoying a temporary reprieve getting a lift from government stimulus worldwide this is borrowed time a rate cut will not save us from recession but it can buy us time like a temporary steroids shot for the market as to. Radar is now price and a floor of negative indica
Hall of fame inductees goes off on the organizers. We begin this morning with a look at todays eye opener. Your world in 90 seconds. He has been wanted since the attack since the attack in paris in november. Breakthrough. Europes most wanted man is captured in belgium. They are trying to figure out if abreny is the man in the hat. Washington state after escaping from a Psychiatric Hospital, the patient is captured. He was hiding in some bushes in spokane. Food and water was his enemy. He was thoroughly dehydrated. Space x sends supplies to the space station. All on board. Terrifying site in miami. That is a dump truck plowing through traffic. Passenger in that taxi cab died. Bruce springsteen cancelling a concert in North Carolina where a new state law. Straight outta compton. Hiphop is here forever get used to it. All that. He is wearing special glasses to help him see clearly for the first time. And all that matters. For the win. He knocks down a three with 0. 02 to go. Amazing on cb
New terror arrests made in belgium but did authorities catch the called man in the hat . Plus how the terror attacks in europe will soon affect you. Details on the new security searches in the airports in the United States. Why more and more colleges are accepting students which have short video. A night of rock n roll ends on a sour note. Controversy appear one of the hall of fame inductees goes off on the organizers. We begin this morning with a look at todays eye opener. Your world in 90 seconds. He has been wanted since the attack since the attack in paris in november. Breakthrough. Europes most wanted man is captured in belgium. They are trying to figure out if abreny is the man in the hat. Escaping from a Psychiatric Hospital, the patient is captured. He was hiding in some bushes in spokane. Food and water was his enemy. He was thoroughly dehydrated. Space x sends supplies to the space station. All on board. Terrifying site in miami. That is a dump truck plowing through traffic.