and layoffs at companies producing their items. a bit of call has now been restored to u.s. indices but a week services report released thursday sparked anxiety among traders the institute for supply management and association of purchasing managers said its non-manufacturing index slipped 2 or 3 year low more unwelcome news for investors given that the services sector accounts for more than 2 thirds of the u.s. economy stocks later recovered on hopes that signs of an economic slowdown would trigger more stimulus from the us federal reserve. yeah joins us now from wall street yes are the markets right to bet on further rate cuts. the likelihood of another rate cut has certainly increased at the last fed meeting in september the federal reserve said on one side that there is no pre-set course for further rate cuts but on the other side the federal reserve also said they will follow the situation and then act accordingly and knowledge just this week we got those weak numbers from the service industry on thursday we got the week numbers on tuesday even weaker numbers from the manufacturing area now we are waiting for the jobs report friday morning but the bets on wall street have increased the bets actually stand right now at about