Maria joining joining the convn fox business Dagen Mcdowell. Wall street journal assistant page editor james freeman, great to see everybody today. Great to be here. Maria we have the jobs number in 3 and a half hours. Dagen tweet get away last night. Jobs friday. Dagen we root for the american economy. Maria this week the kickoff to the Fourth Quarter, tough one for the economy and for the markets certainly dow industrials this morning looking down about 88 points, s p down 10 and nasdaq down 28, major averages on track since the worst week in august, investors waiting on jobs report, the expectations call for 125,000 jobs to have been added to the economy in the month of september with tun employment rate Holding Steady at 3. 7 , we are looking at this week that was tough because of manufacturing, ism data, the Manufacturing Sector weakening, but lets not forget this market is pretty close to alltime high. I think its 23 where it closed on christmas eve, 2018, as far as the job repor
Maria a lot to talk about in terms of china, as well as the fed, impeachment inquiry and the fbi scandal, washington is hitting beijing, the United States restricting victims based on restrictions of muslimminority groups. Two sides with another trade talks tomorrow, growing confrontation between nba and china, commissioner adam silver in an effort to heal relationship, it is a real important relationship, the nba, they rolled over, dagen, adam silver is trying to say, look, we are going to protect the general manager of the Houston Rockets and not apologize for it. Dagen wall street journal writes about this today, nba might be in a stronger position and pushing back than even u. S. Businesses because of the popularity of basketball in the country, the most powerful Sports League and it plays to, quote, the journal plays role in local sporting culture that china without the nba is increasingly unimaginable, so i quote from that, but if the nba, theyre a mess right now in terms of the
Maria big show this morning, joining the conversation Dagen Mcdowell, chief Market Strategist art hogan and president ial candidate arkansas governor Mike Huckabee. Good morning. A lot to talk about this morning especially on day 2 of Federal Reserve meeting, Delta Airlines coming. Ed is here, chairman and ceo of the black stone group, Steve Schwartzman talking about his book. Oklahoma senator James Lankford also joining us this morning, dont miss a moment of it, we have a big 3 hours, top story this hour is oil, once again dropping this morning on news that saudi arabia will restore normal output and production levels by the end of the month as secretary mike pompeo meets with saudi arabia king prince salman to twin attacks on saudi oil facilities, iran is denying any involvement in saturdays strike with president Hassan Rouhani blaming u. S. For disruption in the region. Its not exactly going well for them. I think this was their attempt to break out and sort of find way to put press
The dow has been up seven sessions in a row. S p is up six out of the last seven sessions you are talking the highest closes since late july overnight in asia, the sang high deposit was closed for a public holiday. The hang seng up almost 1 in europe, it looks like now most of those markets are in the green, one exception is the ftse down by about. 1 . If you check out treasury yields in the united states, another big story is what happens to the yields some of that movement started after treasury secretary told us that Treasury Department is looking seriously at the idea of a 50year bond for some time next year. Right now, the 30 year is yielding 2. 28 i saw him later in washington and he started talking about 100year bond for the next consideration. Did you prepare for seeing him by watching the interview we conducted . I did thats why i decided to take the 50 and up theante and ask him about 100. To beat the record, he would have to serve 13 years see, i knew it were you talking abo
A couple of big stories this morning. Peloton pricing the ipo. Price tag at 29 a share raising about 1. 6 billion now valued at roughly 8. 1 billion makes about a billion in revenue but loses 245 million annually. Now under the ticker pton. The peloton ceo will join us live this morning. If you have questions sen them in peloton. 245 million in losses well talk about the math of that and where they see profits and what it all means. Does anyone know about the treadmill . I do. It is expensive. It is about 4,000 the bike is about 2,000 plus. I have one. The bike is quite a piece of equipment. It is heavy. It is really well made i just got one two weeks ago. You can have someone screaming at you you can go outside. It is there, all free. Eamon javers is with us the hardware is a highmargin product. Higher now than an iphone. It is the services and the investment and the media component costing them they are doing a lot of build outs is that recurring cost or eventually be built out . The