Record high in history. The dow, nasdaq and s p having worst week since october of 2008 at the height of the financial crisis. Checking on Global Market action, pmi out earlier, below 50, but that was up from 47. 9 in last month and we have losses across the board. The biggest loser there is the ftse 100 in england, down 2. 6 . Checking asian markets overnight, chinas manufacturing getting slammed by the coronavirus. Private measuring of Manufacturing Activity released monday record low for february. 40. 3 reading in february. The lowers since the survey started in april 2004. Nevertheless asian markets are close but agreeing across the board. Hong kong retail sales fell 21. 4 year over year, 12month of declines. Could led to worse number for february. Market rebound in asia. All eyes on the coronavirus. Two deaths now reported in the United States due to that virus. Cheryl casone has the details, cheryl. Cheryl thats right, dagen, Washington State has confirmed the second coronavirus
By. 7 the hang sang was up by 2. 1 the shanghai composite up by 2. 1 in europe right now where there is active trading taking place, green arrows across the board. The biggest gainer is the footsy up by. 8 . Quick check on treasury yields which was so closely watched last week when you saw the temporary inversion in the middle of the day between the 10s and the 2s this morning, 1. 618 the two year is 1. 15 so showing more room than we have seen over the last several sessions. We have a huge week ahead for wall street. Kicking off today, big tech executives testifying at ustr hearings then tomorrow, quarterry lults from home depot, kohls and t. J. Maxx wednesday, fed reports on existing home sales plus reports from lowes target and l. Brands and thursday jackson hole symposium kicks off where, of course, Steve Liesman will be. All leading up to fed chair jay powells big speech which will take place on friday but meanwhile, we want to pivot right now to an update on the big story over th
4. 0127. Todays auction, the 30 year treasury. We will follow that as soon as the headlines roll across. Bloomberg u. S. Dollar index down today. 1 . Oil coming down as well. 83. 14 per barrel. When it comes to the inflation data that we saw this morning, a blackrock representative gave us his take. Guest serious progress on inflation for now. That cannot be ignored. Take a step back and this is what we will need to deal with over the next few months, this will be a roller coaster. Matt chief u. S. Economist at t. Rowe price joins us now. What was your take on what looks like a pretty victorious number for the fed . Guest thank you for having me today. I would say there was a lot in this report that the fed and inflation forecasters will like. Two months in a row where inflation was behaving like used to before the pandemic. In particular, im encouraged by the progress we are seeing in core goods inflation. Deflationary momentum is continuing. It looks like it will be sustained. We sou
Benefited their students, online courses and their benefits to nontraditional students such as members of the military. Thank you for attending the summit on innovation in education and thanks to all of you who will present this morning. Were excited and grateful to have so much knowledge and ek per tease in one room, and i know were eager to hear from all of you. Before we begin, i want to say a quick word about innovation, about the focus on innovation. This year, i embarked on our rethink school tour where we visited learning environments and institutions that are taking creative approaches to education for students of all ages. I continue to travel country to see the great work thats being done and ive been inspired by the educators and administrators ive met thus far, but theres still not enough. We need more like them and like you. The reality is that there are a number of challenges and opportunities facing Higher Education, and washington, d. C. , does not have all the answers.