hit the latest survey of the sector showed a tumble to a 10 year low the institute for supply management purchasing managers index fell for the 6th straight month of it a sharp decline in exports and slowing consumer spending the contraction in the manufacturing sector is now fanning fears of a recession in the u.s. . let's cross over to us and always to haro on wall st. louis spit of an irony there the whole point of the trade war is to protect u.s. industries from foreign dominance now that that hasn't worked are we going to see a change of course. you never know with trumpet ministration you're nobody is all going to be tensions not only with china we've had the e.u. and also we've held the u.s. m.c.a. to replace not top group in congress yet the manufacturers farmers retailers and other industries all suffering through and also do consumers say keeping the economy good girls alive and unemployment rates are low will be crucial in the next presidential election so trump my don't rethink is a strategy especially at a time that the impeachment investigation show will make it more and more difficult for him to fo

the institute for supply of management's purchasing managers index fell for the 6 straight months amid a sharp decline in exports and slowing consumer spending the contraction in the manufacturing sector is now fanning fears of a recession in the u.s. . let's cross over to the hearo on wall street. spit of an irony there the whole point of the trade war is to protect u.s. industry from foreign dominance now that that hasn't worked are we going to see a change of course. you never know with trumpet ministration you know but it is all going to attentions not only with china. e.u. and also without the u.s. m.c.a. to replace not top group in congress yet that manufacturers farmers retailers and other industries all suffering soon also do consumers say keeping the economy good growth alive on unemployment rates are low will be crucial in the next presidential election so trump my debt we think he has a strategy especially at a time between investigations that will make it more and more difficult for him to focus on on pursuing he is a policy agenda in the meantime he will probably keep pres

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 90 percent that there will be ano

purchasing managers index from the institute for supply management really decelerated sharply.f you jump in with me now, i will show you right here, look at this blue line going from 56.5 all the way down to 52.6. here is the manufacturing pmi. whoa, did it slide a couple of days ago. that unnerved markets around the world. the dividing line between expansion and contraction and i want to show you another thing. typically, this services index tends to rise higher than the manufacturing index, so when it goes to 52 .6, it is a more serious signal. that is one of the things that is important. one of the problems is people are wondering to what extent is not just the trade war damage for manufacturing possibly spreading to services in the broader economy, globally, look what is going on. three major countries. go back to the library with me now and you will see that you have the u.s., china, and germany all below 50 now. of course, china not quite so bad. there's the u.s., but poor germany, last week, that really got the markets going when people saw that. today, once again, bond