Looking at today, four states having elections. In the case what is happening right now in mississippi and kentucky quest for the gubernatorial mansion. Democrats hope to put under democrat control there, pick up two statehouses in the process. Kentucky, virginia, new jersey, mississippi, also have separate legislative elections on top of that. You have a host of propositions being debated and voted on across the country in key proposition measures. What powerful signals can come of today. Politico White House Reporter gabby orr, what she is looking at. What are you looking at . Gubernatorial battles in kentucky and mississippi is front and center. What happens in places like virginia, turn in legislative control of that body. That will be crucial. Absolutely. Neil, pretty much two things im looking at right now. Number of one the kentucky gubernatorial race. How will matt bevin perform in suburban lexington and other rural parts of kentucky . It is important to see whether his support
Were on strike. They were counted out of work. Temporary census workers were laid off. Going to underlying strength ever economy. Look at net revisions for august and september, number of jobs was revised up by 95,000 jobs. You look at wage growth at 3 over the past 12 months. Low enough where the Federal Reserve is not seeing inflation pressures. White house Economic Advisors taking a victory lap on the report playing a little politics. White house Economic Advisor larry kudlow starting to talk about tax cuts 2. 0 to be proposed next year. The president would love to see another round of lower taxes to help middle income workers and wage earners give them as much, disposable income as possible. We are talking, again, informally at this moment. Reporter but nothing formal at this point. Ism manufacturing number. It came in at 48. 3. Anything under 50 is contraction. This may have also been impacted by the gm strike as the bureau of labor statistics wrote in the report, quote, within ma
Continue to drive Growth Stocks are poised to rally ahead of what could be the feds first rate cut since the crisis. And gaming headwinds, amd delivering a revenue warning first up, apple rising on the better than expected results iphone down from a year ago and now represent less than half of quarterly revenue for the first time in about seven years. Yeah, headlines today in the papers are staggering. New york times, apple reports declining profits and stagnant growth again wall street journal quotes richard cramer, no relation. Were these people on the same call maybe they were on the rotten apple call, i was on the straight apple call. I heard a situation where you are going to if you actually think out in the out years, it is a Service Company with the best Customer Satisfaction there is and when you get an appliance of which there are about 1. 5 billion, you are beginning to take either apple cloud or the app store, the ads, i think that you will be looking at the credit card star
Hour the hearing is still going on behind me, but already there have been several fiery moments, including some from senator sherrod brown, the ranking democrat on the committee. In his opening statement, he compared facebook to a toddler playing with matches and said that it would be delusional for anyone to trust facebook with their finances, when the company has already broken so many promises on privacy. He then tried to get david marcus, a facebook executive whos testifying to make his own promise, and that is to receive his salary in libra. Senator, if your question is whether i would trust all of my assets in libra, the answer is yes. Do you trust this enough to make your compensation paid fully in your currency senator, i would, because it is backed one for one with a reserve. You could have said yes at the beginning of the question, then senator, with respect, i wanted to clarify that were not trying to compete with Bank Deposits he has said that statement repeatedly, that fac
Welcome to you you and i were chatting about the new space spot that were going to talk about. How is that indicative to risk in this market. You have a spak, which people doing it as long as i have they know the history but its essentially a blank check to merge with a company thats going to take people to space. What does that have to do with the fed it has to do with the risk mentality of people out there. If the fed is going to drive rates down to the negative, people are going to go out and try to find Investment Opportunities and i think this is the perfect metaphor what we saw in the markets the facts were talking about stocks like chewy shows the mentality here of how people are thinking. Lots to discuss over the next hour welcome back. Great to be back. Wouldnt miss a pepsi earning day. Mike doesnt hear its an important company. The word he used is improper hp his words not mine Morgan Brennan has galactics plan to go public. Susan has details on a trade rift between President