hopefuls gathering in washington, d.c., to pitch themselves to progressive voters as many weighed in on former vice president joe biden. has the me too movement come and hurt him or some say this ask political hit job? that and so much more on making money. charles: surprising growth in china s manufacturing sector got everything moving in the right direction this morning. couple that with optimism ahead of the trade this week s trade negotiations between the united states and china, you ve got a market up triple digits on the dow. china seeing two major olive branches. fulfilling a pledge to president trump, they re banning all types of fentanyl. we have erin gibbs and david dietze. erin before we came on air you were getting a little anxious, as we breaking out, new highs begat new highs, is it too good to be true? i don t want to be the one bearer of bad news, the problem with this china manufacturing number it, came after a week-long holiday of the chinese lunar n
we are halfway through the trading day, and it s been a little choppy. julie: this has been a flashback to what we were seeing last week where we are seeing a diversions between technology in the form of the nasdaq going lower as the dow gains on nearly on1%. it appears we are seeing rotation into things like financials out of things like technology, as we see some optimism surrounding the tax plan, but it is not universal. if you look at the nasdaq, the largest cap tech companies are being affected more. that is outpacing the declines in the broader nasdaq composite. a couple examples of stocks we are seeing being traded lower. and square. this appears to be a combination of factors. we ve learned that a company paypal acquired was the victim of a cyber security breach that affected as many as 1.6 million accounts. both paypal and square do not have as much to gain from a tax cut because they have a tax rate. low i m not sure if we have a chart of those companies. there they
we are printing, following higher euro markets as well. you have killer pmi data coming out across the board. services are stronger in europe. that leads to a selloff in all the major developed markets, , and courtonds developed bonds in europe as well. the curve is moderately steeper, and crude, only 4/10 of 1%, but almost $52 a barrel. what does that mean for production? david: the saudis do not mind. alix: and at the top of global growth is copper, up 1.3%, at $7,200 a ton, a big move for copper. we will discuss that global growth story. david: let s find out what is going on outside of the business world with emma chandra. scott: it has emma: it has been a dramatic split between president trump and one of the former architects of his campaign. he says steve bannon has lost bannond, after insulted his family in his book. congressional leaders have signaled progress on a budget agreement needed to avert a government shutdown this month. there is no deal yet. among the d
michael mckee is at the meeting and has a special guest. michael: we are here with raghuram rajan, a former central bank or of india and that at the sure university of chicago booth school. for, in 2005,s warning that policymakers were not seen the dangers of rising asset prices. point 5000.ver are you concerned is over 25000 and i you concerned about this? with price inflation, you have to ask why and there are support for it, growth is strong for the first time across the board. europe is coming back very strongly. going the way it goes, a country with a labor force declining at 1% per year. for it to grow at 1.5% is great and the u.s. is doing reasonably well. on the yield side, there is some optimism. the concerns are with two factors, the monetary side and the financial side. monetary side, when do we see inflation? if you have strong growth, you have the economy that levels the unemployment not seen for a long time, when do we see wage inflation and that translate
for north of 2.5 or three hours is enough to make you lose your mind. i am honored to be back. let s talk about time warner. reported earnings facing analyst in the secondts quarter. sales rose 8% over companies per $7re as revenues reached billion shares for time warner. point a full percentage for the s&p 500. seeing dollar signs. the billion exceed dollars. television ratings should benefit from the time zone. ahead.e hour ,he international monetary fund major benchmarks, and that significant work in analyzing decidingrequired when currency reserve status. the euro, the yen, and the pound . baskets of currencies. stephanie: republican voters will not start their nominee for six months. already split into front runners. primetime televised debate while night. that pushes rick perry and six other candidates into an earlier event. donald trouble be the front runner. front and center when the cameras come on. slamming his closest rival. he waits in ways and you are not allowed