Service sector, employment rose slightly and it was slowed by worker shortages, Household Spending was solid. Agricultural conditions across the country deteriorated some of the detail we were talking about in terms of around the country. Boston said signs of slowing were more widespread than they had been in the past chicago said manufacturing declined with a slight increase in growth overall. Kansas city had a slight expansion. New york reported a subdued pace of growth. And dallas a moderate expansion. Tariff guys were mentioned 24 times versus 24. Its been elevated as you know, for the past 1e6r8 months. Steve, thank you, sir steve liesman. Markets digesting the beige book lets go to bob pisani basically flat response here, with the s p down 8 bank stocks still slightly to the down side. The key is to watch the Global Growth commentary. Remember what happened yesterday . The imf lowered its outlook for Global Growth to 3 from 3. 2 back in july this is the lowest growth weve seen si
Concerns over software and tech stocks lower weve been up, down, all around for the markets today. As we stand, though, with 59 minutes, were higher on the dow, lower on the s p. Joining us for the full hour, from capital usa, keith, good afternoon to you. Thank you, wilf. Earnings been Strong Enough so far or have they been resoundingly strong this week . Theyve been strong so far. I think the markets have been less than vigorous, shall we say, the last couple of months i think well enter a period less vigorous than it was before thats going to be a key component for how we evaluate the economy and market Going Forward. Lets check in on the markets. S p 500 down by about 0. 1 and the dow higher by four points so far. Retail sales, and eamon javers has the latest on trade lets start with wilf on the banks. Bank of america reported this morning. They continue to feed from yesterday, the impact of low rates, while negative, has been less bad than feared that interest margin was down only
S p 500 ended in the red check out these moves from citi, bank of america, wells fargo and jpmorgan all in the green. Few days ago rates were plunging birds and cats were living together now look have the banks turned a big corner i dont know about dogs and cats living together if you had to be a cat or a dog i think of myself as a dog. Its not a good question to answer on tv lets go to the markets i think what happened everything got ahead of itself. You go back to tuesday i think before memorial day we power pitched southeast banks. Citi, you know what boring market, slow week, into a holiday, market will rally tl tee gott ahead of itself. When citi discount at that discount tangible book its been a buy. Thats whats happening. I dont think again the landscape has gotten better for the markets. The trading landscape in the short term has does citi have more room yeah well undershot to 61. The head wind that they face still exist today. There are some rays of sunshine based on what the
This information it is as you said big deal its not going to happen immediately dont expect that the probation of parliament will go ahead tonight for 5 weeks this will happen sometime after part returns on october the 14th. Thank you for the update jonah how in london. The peace talks are underway in south sudan between the president and the exiled rebel leader reg mashad which i landed in juba on monday to sit with president salva kiir a meeting seen as an important step towards the implementation of a stalled peace deal member at least 400000 people have died since the countrys civil war started in 2013 after salva kiir removed as Vice President s. Thousands of School Students have been forming human chains around hong kong in solidarity with antigovernment protest as authorities are condemning what they call the illegal behavior of radicals and ive warned to demonstrators to stop trying the patience of the government. From friday to 5 pm am today we arrested 157 people aged between
Will argue that issues with accuracy can be fixed they arent wrong technology can always be improved on whats a bigger concern is that currently there are no laws governing the use of facial technology in the country whether its the state using it or even private companies i think whats really troubling at the moment is the technology is being rolled out without legislation and empowered regulators this is not technology to have a very good track record of being countable so i can find out who is using it under what circumstances what weve done with the data where that stored whats the track record of cybersecurity on keeping that data protected all of the things we have no idea has just been rolled out when people feel that theyre being observed all the time that has a really Chilling Effect the things like your right to protest your right to go to a Job Interview to hang out with some friends to go to church these are things that perhaps the state doesnt have a right to keep an eye o