The headline number, 57. 5, down from 59. 3. This is a very elevated number by historical standards still, but there are signs of some weakness creeping into those figures. It was unlikely they would remain as high as they did. The survey number was 58. We come through with a headline number of 57. 5. Prices paid a little light as well. The employment number has dropped quite significantly. This may be something you want to Pay Attention to. Remember, we are waiting for the payrolls number friday. 48. 4 is where we are coming through their. Construction spending month on month, 1. 3 . Lets break it all down. Lets get some details. Mike mckee come over to you. Michael you gave us most of the details there that matter, especially that employment number. That has been concerning people in the markets. We have seen a slowdown in the economy reflected in the topdown numbers, although manufacturing has been the source of strength in most economies around the world since the depth of the covi
Benefited from the stay at home trend, both popped into the open both have gone lower all day long big swings and stocks are set for the second straight week of losses the s p 500 just fell through the 50 huday moving average. 59 minutes to go on a volatile day, week, and final hour of trade. The s p 500 is flat right now. Fwha but that belies the volatility that youre talking about. We have a big lineup on the show coming up, the ceo of kroger will join us on the back of the companys strong Earnings Report better than expected guidance as well plus, labor secretary Eugene Scalia will be with us to discuss the job situation in the country and the renewed push by some companies to bring workers back to the office and one brookings economist has a bold idea to get america back to work and speed up the recovery pay people to have a covid19 vaccine. But lets get straight to the market another wild session to close out a roller coaster week. Mike santoli is tracking all of the action today
Weekend. Our roadmap begins with the record setting week. What are the risks to the rally . Plus tesla on a tear, set to open at record high after topping 2,000 for the first time. And democrats demanding answers, the embattled postmaster general testifying this hour amid a political furor surrounding policy changes ahead of the november election guys, its going to be an interesting morning to sort of take stock of where weve been over the past couple of days the s p all time high, apple 2 trillion, scott, tesla 2 k even though b of a this morning says that weekly outflows look like they may be the biggest in about 15 weeks despite some of these new highs. Maybe this is the week, carl, where technology said, do you know what, wait a minute, not to fast, growth, not to fast, value. Ever been has been coming out of the woodwork trying to make these calls that there is going to be this great rotation, carl, from growth into value stocks and these cyclical and epicenter names as tom lee ha
One hundred thousand cases a day. New york expanding the list of states on quarantine list as well. Markets this morning the first day of the Third Quarter, futures indicating this morning we are going to see a decline at the start of trading to kick off Third Quarter. Dow futures down 109 points and s p futures down 9 and a quarter. Yesterday u. S. Markets closed strong Second Quarter in the green in hope of additional stimulus. S p 500 yesterday up 47 points at 4 00 oclock on wall street. Markets had their best quarter in more than 20 years, take a look. Secondquarter numbers, up 17 on the dow, 30 on the nasdaq. Defunding the police, new york city cutting the Police Budget by 1 billion, some including like alexandria ocasiocortez says it isnt enough. Ray kelly will join me live at 7 30 a. M. Eastern joining me on the movement and what it means for already rise in crime throughout the country. A new era of trade begins the u. S. Mexicocanada trade agreement is in effect. Wilbur ross w
Cannons and make the first arrests under the new law and chief executive carrie lam defends the decision translator clearly the decision under one country send showed determination and prove on the system and shows the high degree of trust of the central authorities in the Hong Kong Government germanys jobless total rises by 29,000 taking the unemployment level to almost 3 Million People as activities contract in june airbus with jobs on the line as they tell staff the crisis is far from over. Bracing for a mighty battle. Welcome to the show, we are closely tracking some data weve had lower pmis the eurozone number crossing the manufacturing pmi, 47. 4 up from 46. 9 still suggesting contraction taking place across the eurozone one of the bright spots seeing the expansion. Clearly saw weakness elsewhere lets push on to developments in Hong Kong Police say 30 people have been arrested for violations of the International Security law hong kong chief executive carrie lam defended the laws