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Are slowing down, the Manufacturing Sector in this Country Contracting a little bit. To the wall street journals Jillian Melchior who follows this very closely. Our own susan li as well. Susan, one thing surprised folks with the china data, this was not something to be expected and were seeing more and more data like that, less ominous than thought. Now stronger than thought. Reflation as well in the month of august. I love to remind people that china is no longer just a manufacturing hub. Services like here in the u. S. Account for more than 50 of the economy now. So it is not cheap factory floors. If you go to shanghai, beautiful skyscrapers, really fast train this is very positive, especially for an economy that saw the weakest growth in 2years. Neil one of the reasons why the futures was up. Hang seng wa ....
Market but bond market and this inversion of the yield curve. We can talk about what youre seeing, what people are telling you. The bottom line, if history is a judge this could mean recession is on the way. Reporter makes people so anxious, connell. Yields on two year treasurys rising above the yield on a 10year. First time since 2007. That date alone spook as lot of investors. The yield curve on shorter end, now as people call it inverted. The reason it makes so many people anxious, that means investors have less confident in the near term economy versus the long term economy. Normally if you loan money in this case to the government for a short period of time, you expect your principle plus a small payment, youre not loaning money for that long. If you lend money longer you expect a bigger pay back. That is the normal logic of the bond market. You get paid more for lending longer. When this pattern reverses like now, it signals a shift in the pattern, signals a problem for a lot of ....
Is pouring into tenyear treasuries as a safe haven. Trouble, trouble everywhere but treasuries offer a degree of security not found elsewhere, and well pay you interest. You dont get that in europe or japan. Heres another opinion. Surely the Federal Reserve will now lower Interest Rates very soon and very sharply. Ive got another reason for the selloff and its hong kong. Its calm right now but is this the calm before the storm . There are signals that beijing has had enough. Things are coming to a head. Number one, Chinese State media now calls the demonstrators radicals and appears to be whipping up mainland support for a forceful end to the protests. Intervention, they say, is inevitable if the situation worsens. Two, there is video of chinese troops massing at the border. Three, the demonstrators are being told not to ....
I think anthony is really somebody very much out of control. And he doesnt have what it takes. He really doesnt. He wanted to come back into the administration for the last five months, begging me to come back in. Anthony, i cant take you in, im sorry. He is a nervous, knew rottic wreck. He called so much. I said, anthony, im sorry, i cant do that. I cant take you in. And i said you have got to stop all these phone calls. Too many calls, anthony. I wouldnt take his call. Lo and behold now, he is feels differently. But anthony is upset because he wanted certain things. The main thing he wanted was to come back into the administration. As you remember better than i do, he was a disaster for 11 days. Reporter [inaudible]. We have tremendous coming over from asia, china. It is not our plastic. It places tick floating over in the ocean, various oceans from other places. Plastics are fine. You have to know what to do with them. But other countries are not taking care of their plastic use. Th ....
Important things at that time. Much more to get to on that. Welcome everyone. I am neil cavuto and this is your world. This is a day where we reflect on where weve been and right now with a virus where we are going. First, we went to get the read of whats happening in new york with lower angle. Many are going to those speeches. We had a very slow start this morning. It was cloudy and cool. As the sun emerged, so have the people and the great experiment has been on. The people be able to socially distance as they have been asked to do for months once they hit the sand . We have seen a little bit of both as we take it to her across the northeast and around the nation along some beaches in the northeast, weve seen people out and about getting around the sand. Some abiding by the rules, others getting too close for comfort. There was this group of people they returned a hard note on the social distance challenge. Check out this pool party in ozark so the weekend with hundreds of people goi ....