Good morning. Haip happy tuesday. Welcome to World Wide Exchange. Im sara eisen. Im wilfred frost. Good to be back. You took a day. You took a whole week enchts lets get to the markets. We saw some minor declines s yesterday. S p off half a point. Nasdaq up. 6 . As for the 10year treasury note yield. Lets show you the action after heavy week of Economic Data topped off by a better than expected jobs report and the 10year yield is elevated from where its been. Little movement this morning. Yesterdays negative activity was seen across most of the sector. Seven out out of ten. Oil prices rose. Lets have a look at the overseas action. German imports rose more than exports. See the european trade is positive. The dax up just half a . Ftse 100 up. 25 . Let have a look at uk assets this morning. The 10year did hit a fresh alltime low. It bounced back slightly from that level. Production came out and was slightly better than expected for june, just seven days of course in june post the brexit
Well xblor. A weaker than expected report on manufacturing out this morning. Will this change the feds mind about the strength of the economy . Steve liesman joins us now. Were looking at a contraction here. In the Manufacturing Sector. The belief is that fed will look through this week, at least for a while in manufacturing. The reason is because it seems the result of a crash in the oil and gas industry, a strong dollar and weak overseas growth all risks the fed knew before the report. The numbers were coming in at 48. 6, a level that is contraction in manufacturing. You need 43 for it to be a contraction in the economy. It is the lowest level since 09. New orders, production is declining. Back logs in exports remain at low levels. Heres some comments from respondents that they made public. One says the down turn in china and european markets are negatively effecting our business. Another says the strong dollar is slowing our sales to china as they can buy in europe. That gentleman i
The officer got his car and i approached the men and thats when there is Surveillance Video that shows one of the men 18 relenting yet martin put a gun at the officers then officer fired multiple shots at him killing him. The victims mother describes a happens it will not tell me anything the girls from saw him dead in the place was awesome of them. And lime is gonna get up and run with started shooting. offices say thats not the case in the second man as he ran from the scene cnn has a video will seen as well Surveillance Video does show one man teenager raising his gun at the officers now or on the other man ran away from the scene of the that there will locate or awesome. Protests against the Police Killing unarmed black men continue new york city man died after being put in a chokehold. And then this is despite calls from the mayor to hold off on demonstrations to after the funerals can take place for the two Police Officers who were shot at point blank range meantime but declares
The german 10h year dropping to record 1. 12 and the road map begins with u. P. S. Failing to deliver and missing the estimate s and lowering fullyear guidance and merck and pfizer are beating expectations and both citing new drug offerings. And darton ceo Clarence Oden will be stepping down after more than ten years on the job at darden and still a fight over the board of directors. All right, meantime miss for u. P. S. And the Company Posted a a profit of 1. 21 for the daily rate and they also lowered their guidance wend will talk to the ceo curt kuhn and in terms of the packages, domestic daily up 7. 4, but the rates even though they are going up, people are finding ways to ship less and less. But they are spending a lot of money and that is one of the misses so is that what didnt happen in christmas time, and remember, all of the overtime costs, and dont let it happen again and the stock come canning in well behind the rest of the group. I didnt think it is that bad, but everything
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