We start with the uk economy as the wrangling over brexit continues. There are fears the country could be slipping into recession for the First Time Since the financial crisis. A Global Economic slowdown and trade tensions are being compounded by ongoing uncertainty over brexit as shown by increasingly gloomy reports from business groups. In the last few hours, a survey by uk manufacturers has warned their industry is in a nosedive, with export orders falling despite the weak pound, and domestic orders faring even worse. Hiring is continuing to decline. Britains Vital Service sector, the biggest part of the economy, lost momentum in august as growth all but fizzled out according to a survey of purchasing managers. Optimism in the sector slumped to its lowest since july 2016, the month after the brexit vote. And retailers say sales were down last month compared with august last year. The uk economy shrank in the Second Quarter, the three months tojune. Two quarters of negative growth in
Numbers leaked online, but how serious is the government about cracking down on big tech. It is thursday, september 5th. Fbn a. M. Starts right now. Lauren welcome to fbn a. M. Good morning. Im lauren simonetti. Ashley good morning, im ashley webster. In for cheryl casone. Lauren lets take another look at how your money is moving this morning. Trade talks are on, dow is up 229, s p up 23 andahalf, nasdaq jumping 85. Ashley the yield on the 10 year treasury coming in at 1. 5 , up 3 basis points. Lauren oil prices are trading at 56. 15 a barrel after a big rally yesterday. Theyre down 11cents this morning. Ashley lets take a look at whats been going on in asia this morning, the nikkei, shanghai, kospi all up, the hang seng down slightly. Lauren Political Drama in great britain, but the ftse is down. The dax is higher by 97. Our top story, Hurricane Dorian regaining strength overnight, now it is a category 3 storm, t threatening to make landfall in the carolinas are conditions are getting
Maria Fox News Network dagen mcdowell, emily and wall street journal Editorial Page Editor james freeman, great to see you this morning. Good to be here. Maria its been a while when we were in the same studio. Dagen i followed you on instagram. Maria big show this morning on deck, cfo of johnson and jonson is coming this morning. The president and ceo of stu leonard, store thats american staple, made in the usa this morning, real housewives of new york star beth any bethanny frankel. Dont miss a moment of it we have big 3 hours coming up. We want to kick it off indicating big rally, s p is up 25 and nasdaq is up 92 on news late last night that u. S. And china have resume today highlevel trade talks, latest rounds of 15 tariffs on chinese goods took effect on sunday and more to come in december, President Trump spoke about the latest negotiations with china yesterday at the white house. Let me tell you if i wanted to do nothing with china, stock market would be 10,000 points higher than
Both major toy companies, mattel and hasbro, could toy sales be a red flag for christmas. . The nasdaq holding on to a small game all three averages on pace for a lower week, lower month as well. Chipotle higher following results. It was able to rise prices to offset rise in costs and post same store sales growth of nearly 8 . Up 6 right now. S sanofi shares are having the worst day. According to mizuho, no pharma stock has lost more than 10 you can see those shares are down 19 todays rebound in tech helped by positive earnings reports. Lets start with intel and Kristina Partsinevelos well, intels results were much better than xched but largely in part due it a boost in personal computer sales lets start with the good news Gross Margins are showing signs of life signaling a bottom might be happening, because pc sales are improving, which bodes well for amds earnings coming out next week. Cost cutting is helping operating margins. Intel also signed two more foundry customers for a total
Make big money if this cvs deal closes well tell you how much. Trying to count it up coming up first as you know, President Trump made this major announcement on israel today which could destabilize the middle east this coming just a day after carlisles David Rubenstein told cnbc the only thing that the market needs to worry about is an unexpected geopolitical event. The only thing we have to worry about in 2018 or 2019 some unanticipated geopolitical event, the black swan. But right now short of those kind of things i think the economy is reasonably good shape and probably going to be spurred on by the taxbill. Lets get to cnbcs eamon javers for a recap of eat vents. The president decided today to recognize that the capital of israel is in jerusalem breaking with longstanding u. S. Policy the president cast this as simply acknowledging the reality on the ground in jerusalem and said that he was fulfilling a Campaign Promise heres what he said earlier today. Today i am delivering ive j