Welcome to squawk alley for our tuesday morning. Im in rio, joining me fromport 9 is jon fortt and kayla tausche, but first, this is a good day for the u. S. Team. The u. S. Won six swimming medals yesterday, five of them from rookies. Here are something beginning can katie meili. I im so happy and thrilled. Theres so many people that that medal goes to, not just me. So many people that helped me get here. They really deserved it. I would have loved to have been faster, but ive got 9 experience under me now. I think i can do better. I laid it out all there. Im so happy for kathleen. I came up short, but i left everything in the pool. Such a great night. Theyre all just incredible people appeared athletes the its really cool. The other big craze, guys, as you well know is fell manies face as he as his rival chad le clos shared that television screen. Theyre going to face each other tonight, phelps of course looking for redemption after losing to le clos in london. Gymnastic, swim, judo,
Could take us higher. What else is new . You could tell by the way its news from overseas that drives thing. If you go to bed at 11 00 p. M. When the futures arent doing much at all and you wake up at 3 00 a. M. And theyre flying, thats a sign that somewhere some place we got some good news at last. You can tweet me if you keep this schedule as i do and ill retweet you for certain. We got two pieces of good news from the same unlikely place china. First we learned that the chinese economy is worse than expected wait a minute. Manufacturing the lowest level in seven years which is the last time that the chinese got serious about taking a great leap forward with their economy. Now they meet saturday and with the weak numbers as the stars are aligned for the biggest stimulus package yet, the year of the monkey, i think theyll put more money to work than people think. China can turn, its done its who know, maybe we will get some meaningful stimulus. At the very least the lousy chinese manu
Much at all and you wake up at 3 00 a. M. And theyre flying, thats a sign that somewhere some place we got some good news at last. You can tweet me if you keep this schedule as i do and ill retweet you for certain. We got two pieces of good news from the same unlikely place china. First we learned that the chinese economy is worse than expected wait a minute. Manufacturing the lowest level in seven years which is the last time that the chinese got serious about taking a great leap forward with their economy. Now they meet saturday and with the weak numbers as the stars are aligned for the biggest stimulus package yet, the year of the monkey, i think theyll put more money to work than people think. China can turn, its done its before. Who know, maybe we will get some at the very least the lousy chinese manufacturing numbers sure turned the stock market around over there which went from black, and as the session proceeded. Far more important, we have a shockingly dovish speech from bill
Time that the chinese got serious about taking a great leap forward with their economy. Now they meet saturday and with the weak numbers as the stars are aligned for the biggest stimulus package yet, the year of the monkey, i think theyll put more money to work than people think. China can turn, its done its before. Who know, maybe we will get some meaningful stimulus. At the very least the lousy chinese manufacturing numbers sure turned the stock market around over there which went from black, and as the session proceeded. Far more important, we have a shockingly dovish speech from bill dudley. Hes the new york fed president who caused a recent selloff by denying anything had gotten weaker since the rate hike. He set off a firestorm including here with yours truly when he said it was all systems go with the rate hikes because last night he gave a speech in china, on balance im less confident than i was before end quote about the economy. Part of this reflects my assessment that uncert
And nasdaq up 2. 89 . First, like many of the super bullish days its beginning before many wake up. We got news from overseas that pointed us this the path that could take us higher. What else is new . You could tell by the way its news from overseas that drives thing. If you go to bed at 11 00 p. M. When the futures arent doing much at all and you wake up at 3 00 a. M. And theyre flying, thats a sign that somewhere some place we got some good news at last. You can tweet me if you keep this schedule as i do and ill retweet you for certain. We got two pieces of good news from the same unlikely place china. First we learned that the chinese economy is worse than expected wait a minute. Manufacturing the lowest level in seven years which is the last time that the chinese got serious about taking a great leap forward with their economy. The weak numbers as the stars are aligned for the biggest stimulus package yet, the year of the monkey, i think theyll put more money to work than people t