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Percent. Nasdaq down 53. Major Market Indices falling better than 1 yesterday, the selloff coming after surprise decline in Manufacturing Activity after the World Trade Organization cut global trade forecast for the year, we told you about that yesterday, joining us hodges capital manager, craig hodge. What did you make of manufacturing data and what do you think that tells us about the economy and the markets. Its obviously not positive, we put all the manufacturing, its only ahird of the economy, we are a service economy, consumer is over 70 , one data p, as we go, the consumer what youre talking about the jobs and payroll, that would be more important as we go along. Maria look at the reaction, we have been talking about manufacturing weakening for a little while, dagen, but the market was sizable de ....
Business confidence. The First Quarter was fine, but indicators for the Second Quarter are less strong. I do not see people cutting back existing plans, but they are not leaning forward in the way you might. Anna along for the ride, vw is nvest in ford, valuing it at 7 billion. Tropical storm barry heads for the louisiana, curbing oil out ports. Markets, welcome to the European Market open. 29 minutes into the start of it trading day. This is what the futures story looks like. Ftse futures, cap teachers pointing high cac futures looki. The session in asia is more mixed. The trade story and the impact on asian economies already. President trump tweeting about being disappointed in china and the lack of imports by the chinese. The dyer numbers out of singapore in terms of gdp. Town more than 3 . Much in focus, and the mark ....
I am dani burger in london. Holding steady, philly fed parker said the end of the hiking cycle may be near with potential cuts to come next year. Treasuries extend a rally. The u. S. Curbs its ambition bloomberg learns that investment into restrictions in china are more limited than first expected. Plus, after bank stocks stumble, italy clarifies its new tax on windfall profits, saying it will cap. All right, we are going to give it get earnings but first let us look at markets because it has been quite the rally in the 10 year yield. We saw a drop by six basis points yesterday. Most of the gains on the front end of your screen happened during the asia and europe session. Those gains are maintained today, about two basis points. If we can have such a risk off day, such a flight to haven, flight to bonds on such little information, we have a lot about banking stocks we knew the picture for regional banks underscores the fragility of the summer market. Let me show the stocks because yest ....
Friend, liz mac donald. Elizabeth thank you so much is, larry. Its good to see you again. Lets get right at it, bring in tom dupree and former doj attorney hans von spakovsky. Gentlemen, thank you so much for joining us. First to you, tom, it got really heated in the closing arguments today to disqualify Fulton County t. A. Fani willis due to misconduct charges. Tom, where do you think it leads . Well, liz, today was an explosive ending to what has been an explosive proceeding. The testimony that we heard, the evidence that we saw was stunning. I think whats going to happen next is the judge said he wants to take everything under advise isment. Thats judge speak for he wants to look back over the evidence, the testimony and figure out what the law requires. Hes going to rend or a decision in about two weeks. My hunch is he was probably very disturbed about a lot of the testimony he heard both from fani willis, from mr. Wade and fro ....
Daybreak europe. Im kriti gupta in london. U. S. Stocks poised for their biggest monthly loss, as the bond selloff defense, at the same time as the boj announces unscheduled bond buying. Euro area epi due later this morning, the next puzzle piece for the ecb, one day after german inflation plunged to its lowest level in two years. The uaw plans to expand its strike against detroit automakers. Over in washington, a Government Shutdown draws closer. A lot of crosscurrents around the world. Quick market check. We do know Chinese Markets are closed today. The rest are open and having a read through into futures action. Euro stoxx 50 was virtually unchanged, ftse 100 slight outperformance. Similar story looking at the futures and nasdaq 100. The narrative is the idea that you are not going to be seeing a ton of movement when there are so many unknowns. We are getting comment ....