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Straight weekly gains of more than 3 . The stocks index heading lower given their exposure to china and some of the heightened tensions you have between the u. S. And china. The only one of the major averages in the red. The risk off tone means you are getting a lift up on the long end of the curve, up five basis points. To give us a risk off tone. I want to talk about some of the Economic Data that we saw. To. Manufacturing pmi rose aprilsmay from alltime low. Manufacturing picked up a bit but stayed below 50. For more, i want to bring in our International Correspondent michael mckee. What is some of the manufacturing data this morning telling us about where we are . The basic message is me will not see a recovery. Shaped recovery. The chinese numbers, which came out over the weekend were down a touch. They reopened earlier, so their numbers are higher. Europe is ....
Lets get a quick check on the markets now. The s p 500 is not doing much, down just a point. Data,ing the disinflation the 10year yield at 70 basis points. Not much movement. Grubhub,ng a bid for according to people familiar with the metal. Restaurant brands international, the ceo just on tv making a bid for resuming business in china. Lets get a deeper dive into todays market action. Taylor take a look at the vix. You are seeing an extraordinary come down, down 17 points in the last month or so, now allow 827 handle, the lowest since february 24. We know that the fed will be buying etfs. With that, fear is leaving the market. I want to take a look at the balanced budget, or the lack of balance, that we will get around 2 00. We are looking at what could be the first april deficit since 2011. The tax deadline was extended to july 15, and all of the massive stimulus put in place will make what could be the first budget deficit that we will have in april, going back to 2011. You mentioned ....
A has begun been declared the winner of septembers president ial poll following a recount he received just over 50 percent of the vote his main opponent up the abdullah contested the election results. We can leaks founder Julian Assange will face a hearing in london next week to decide whether he will be extradited to the u. S. To face espionage charges his supporters have warned of the consequences for press freedom if hes handed over to u. S. Authorities. The jury has begun deliberations in the trial of disgraced movie mogul Harvey Weinstein it follows emotional testimony from 5 women accusing him of rape and Sexual Assault weinstein denies any wrongdoing. This is the news from berlin for more follow us on twitter or visit our website w dot com. Or. He is the late arrival among democrats in the race for the white hou ....
Coming up, should the markets top regulatory guns force companies to admit to investors what their exposure to the contagion really is . As blue chips, s p and nasdaq sink into the red, we have the former s. E. C. Director who says theyd better, and theyd better do it fast. Plus, its a company thats been doing anything but playing around. The man behind mattel set to address investors tomorrow. But hes here today, live on the claman countdown. In a fox business exclusive, mattel chairman and ceo ynon kreiz on the new hollywood streaming partnership hes striking to turn hot wheels and barbie into big screen blockbusters. Plus, the end of an era at lingerie giant victorias secret. Another city yanks the welcome mat out from under amazon. Wait until you see who slammed the door this time. And the most valuable picks in an overvalued market. Less than an hour to the closing bell. Lets start the claman countdown. Liz we want to direct your eyes to the screen right now. Youre looking at a li ....