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Low. Our roadmap begins with red october. Stocks off to the worst since the crisis futures have a new open. After the worst manufacturing in a decade, sources work on that this morning. Shares of pep ki so fueled by sales growth and a nice earnings beat ceo will join us first on cnpc in a few minutes market versus a rough time in an economic slow down a second selloff resulted in the dow falling more than 800 points s p lost its gains from queue and q3 combined. Investors will be paying close attention to Services Data in less than an hour from now jim, they say of the two times that ism manufacturers contracted, we havent had a recession because Services Held in last night i had marty mucci on from paychecks. My old colleague larry kudlow chief economic adviser to the president says thats where it comes from its not like gm creates jobs. He says this was the best time theyve h ....
Thats how i felt about President Trumps trade deal sooner than you think comment that exploded the market higher just when it looked shaky because of impeachment chatter trump makes remarks and turns things around again. Averages bringing back up by magic. Dow climbing 163 point, s p gaining 0. 62 and nasdaq surging 0. 15 after the session yesterday. No one else remembers the last dozen times this has happened. Maybe this time will be different. My sources say no. Maybe the white house will get a deal to end all deals when the chinese. My sources say dont believe it. Maybe Speaker Nancy Pelosi begins the process of impeaching President Trump shes working behind the scenes to pass the new trade deal trump negotiated with mexico and canada raises eyebrows. Yeah, maybe the tooth fairy is ready to shove some bitcoin ....
On this afternoon. In asia, the nikkei was down the hang seng was up 0. 23 for european markets, the dax is slightly lower you see slight gains for the cac, the ftse 100, stocks in italy and in spain look at the Treasury Department. The tenyear is yielding 2. 090 . We have a very busy day going on in the markets. From wall street to washington, lets get you through the squawk planner. On the earnings front, three big banks on the docket starting with jpmorgan that will come at about 6 45 a. M we have Goldman Sachs coming in with its earnings. Those should be announced around 7 30 wells fargo earnings should cross the tape at 8 00 a. M Johnson Johnson will also report at 6 50 a. M. Eastern time well bring you a first on cnbc interview with the cfo right after that report. On the data front, we will be getting june re ....
Company social capital had a sophia which will take a 49 percent stake in the firm of Virgin Galactic says it already has 600. 00 reservations for flights which could begin as soon as this year. And for more on this lets go now to our financial correspondent in new york yen scored a yens this seems pretty unique in terms of listings so what kind of interest could Virgin Galactic generate. Well i mean if you want to invest into the vision of now you might get the chance because yes it is the 1st real Space Company going public it is by the way a pretty unusual way because theyre going to merge with another company that is already listed on the New York Stock Exchange but with this merger automatically Vir ....