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Manufacturing actually picked up, but only two manufacturers say that sales dropped because of the coronavirus. One retailer said that inventory was hurt because of production issues in china. You look to the San Francisco fed district where the virus is largely been rampant in this country in seattle. I should say the hardesthit area in this country. Theyre dealing with a drop in airline travel. A drop in demand for aircraft from Southeast Asia and difficulty getting parts for solar manufacturers. So not a lot of pain in that district either. Ii want to stress that overall Manufacturing Activity continued to expand across the country and Consumer Spending which has been the lynchpin of this economy actually picked up last month. Now lastly i just want to ....
Big show this morning, joining the conversation fox business dagen mcdowell, moodies capital chief economist john and the brewer ceo, former investment banker and nfl player jack brewer. Dagen good morning. Maria we keep falling the bouncing ball with china story, yesterday when i spoke with wilbur ross played down november 17th when the president will meet with xi jinping to sign the documents and paper it up as they say. Dagen maybe better to set expectations low and theres only one president of the United States. Maria absolutely. Showing progress and hopefully close the deal as soon as possible, i think the market anticipates an end to this particular matter and thats a positive. Maria markets are positive feeling a sense that maybe theres something on the table but markets are fractionally moving. Chinas vice foreign minister and President Trump weighed in on negotiation ....
President trump commenting on negotiations yesterday at the white house. They are also meeting, it actually be done before our meeting, i think we have a good chance of making a deal. I think they want to make a deal, they are losing, Many Companies are leaving because of tariffs, they dont want to pay tariffs. Dagen european trade going down on a different path, 4 billion in trade value, pasta, cheese, whiskey, metals and chemicals. Fixed Income Portfolio jack mcintyre, good to see you as always, what to make you look at fixed income, you look at the bond market, 10year close to 2 but the s p at new alltime high, who is right, because the fixed income market treasuries say slow do you know slowdown ahead . Believe it or not, they both can be right. For that to happen you need noninflationary growth because thats whats driving the fixedincome markets, obviously whats drivin ....
We go into the possibilities and get a read on that. Well be hearing from the former Vice President who is addressing a crowd in delaware. Not quite sure when hes going to talk, we know lawsuits are flying fast and furiously. We know as well that the markets which have been all over the map, surrounded some of their games will get into why they did that, but whether up to tripl we digits. Lets first get a read, taking a look at where it stands and a couple of possibilities that could clinch it for one or the other. Good afternoon. Where we stand at this hour even with wisconsin being called for joe biden, both candidates still have a path here. I want to focus on pennsylvania and the 20 electoral votes. You can see President Trump is leading 52 to bidens 46 , however there were 3 million ballots, 1 million still need to be counted. The tally up year, 85 of everything has bee ....