of this ism? are you kidding me i mean that's why they vunt have moved in december. >> they keep talking about a potential policy in the state. there's a good chance that they already made the mistake being dovish isn't enough. it's how do you reverse the mistake. that's going to be the challenge for them >> again the sooner you move, a stitch in time saves nine, less damage do you. if you wait for confirmation in the data which oftentimes is lagging, it's too late it's really too late the problem is, you wonder can powell save the day tomorrow, coming out once and for all and coming off his totally dovish, right? or has apple's announcement and their guide down just released an even bigger problem, jim that investors have to deal with? >> it's a big problem in the stock-specific way, and a big problem in the macro picture way as well it adds to the ism and indicates that the trade war is having an effect there are some who say is apple is hiding a bigger problem behind the china woes, maybe they

but if the go isms are trained on data for instance from a company with certain functions. mostly by mail the algo ism is going to be kate this bias in should decision so it's very important to check the data sets which are used to train the i'll go reasons but if you use not just smart ai then i think we can expect the gender inequality gap to be reduced very interesting now of course when we talk about ai the topic is also very often that china is leading the race that seems to make lots of people nervous does it make you nervous yes of course many people are nervous if you look at data we can assume that chinese companies use twice as much as european companies so yes we have to catch up then i think the good news is there are some decisions that we can take to help the catch up if you compare china and you look first thing is c.e.o.'s are much more forceful to push ai to their company and government to society this is something we can replicate then we need to change the mindset i think we need to invest big after some of the opportunities we need to think a bit more an

ism referred to the problems businesses face because of tariffs.lcoming terra pons it, who covers cross assets for bloomberg. compass and trade retail director. what is going on with the markets? numbers.t up the ism does that accelerate the selloff? >> it did. we are getting a double whammy has as numbers fell across the board last month at the brink of a bear market, investors said the economy looks good and earnings should largely be strong. ismyou are dealing with that held by the most since 2008. they are still above 50 in expansionary territory, but they're coming down. that puts a wrench in the whole economy looks good story. apple cuttingat its revenue outlook, does that mean we are going to see other companies bringing down the earnings outlooks, as well, as they get further into the earnings season? david: if that were not enough, we have the chief economist for president trump on television today saying, it will get much worse. apple will not be the last and there will be other companies if we do not get a deal with china. that puts the

you're not even part of the community and let's go to wikipedia is definition of it to tell a tarion ism is a political concept of a mood of government which prohibits opposition parties restricts individual opposition to the state and its claims an exercise an extremely high degree of control over public and private life and is regarded as the most extreme and complete form of authoritarianism political power in totalitarian states has often been held by will by one leader which employ all encompassing propaganda campaigns broadcast by state controlled mass media totalitarian regimes are often marked by political repression personality cultism control over the economy restriction of speech mass surveillance and widespread use of state terrorism well it's the opposite of anarchy so of anarchy would be the distribution of power to the periphery and knew without any central authority this is the absolute opposite so i guess the reason it's happening now is because we're seeing the rise of anarchy and we're seeing that in the movement we're seeing that other political dissident movements ar

drastically lower ism data. mike: the economy is going to slow significantly. have been for the economy to slow to trend growth, which would put it in the neighborhood of 2%. kaplan said 1.25%. that is nowhere near recession, but it feels like it given we were above 3%. what's going to happen to profits? the trade war is also squeezing profit margins. -- does this feedback into a doom loop in the united states? do we trade ourselves into recession? vonnie: is there an effort from the fed to talk to the markets right now? mike: that's what rob kaplan was doing this morning. you will hear that from jay powell tomorrow. format, on stage with ben bernanke and janet yellen. he wants to be careful not to scare people. he may go farther than he has. the fed has said they are data dependent, they are not on a preset course. he may say the markets are sending us a signal. we get it. we are willing to stand back, pause and see what happens. believe the fed is sidelined, where do we go from here? one of the things traders are worried about, this idea the u.s. economy is n

started to crunch more ism numbers. neil: all right, buddy. >> good afternoon, i'm charles payne. this is "making money." which have a lot coming up. a major selloff after a bunch of of things including economic data adds to fears the u.s. economy is slowing but a big question are the machines overreacting selling big time on negative headlines? also of course weighing on the markets. apple shares of tech giant plunging after they cut their sales forecast. will this wake up apple and tim cook to become more innovative. >>> new congress starting today amid of day 13 of the government shutdown. now what can we expect of our economic policies now that democrats have taken control of the house? all that and much more on "making money." ♪ charles: while apple is dragging on the market, the weaker-than-expected number ism number, opened the trap door, sending the dow into free fall, 377 off the points of the session. manufacturing expanded in december. the algorithms didn't care about that. i want to bring in money map press chief strategist, keith fitz-gerald. kingsview asset managemen

by the way i love your passion around the ism number, just quick update. it is an ism number.ve been a fluke. you got to have to chill here,. charles: you got it. neil: one things we love about you. the passion runs through. don't get me started on that ism number. welcome, everybody, i am neil cavuto after my buddy charles payne. we have a lot of concerns about the market, apple, fears of a slowdown, manufacturing the sector recording its biggest drop in 10 years back to two-year lows and all of this as the new congress is gaveling to order. it will be a democratic house right now. in the next couple of hours,

ism employment, 56.2 down from 58.4 prices paid? drop from 60.7 to 54.9 finally, new orders, lost a handle from 62.1 to 51.1 we have been talking about how any number anywhere near 60 is historically huge. this is a read that backtracks a bit and it shouldn't be so shocking that some of the market volatility caught up with one of the important feel-good indices we all pay such close attention to sara, back to you. >> feel good and a leader. rick, thank you. on that disappointing manufacturing number, welcome to "squawk on the street. i'm sara eisen with david faber and contessa brewer live at post 9. markets didn't like that number. dow moving lower, 364. just a moment ago it was down 400. s&p 500 down 35 points, 1.4% sharp declines on the nasdaq as well, no surprise given apple's stumble down almost 2% for the broader index. a ton of news to get to today including apple shares which are under pressure after stunning wall street by slashing guidance on big concerns out of china ceo tim cook sitting down exclusively with cnbc. we wil

we'll debate what's ahead for stocks after the ugly ism report stokes fears of a recession and the apple aftermath, the street's top-rated analyst tony saganiki after the stunning revenue cut. all at noon about six minutes away see you in just a few. >>> i want to see whether any other traders are buying the apple dip. scott, see you again >>> it is day 13 of the government shutdown as congress returns to work and the democrats take control of the house for the first time since 2011 our ylan mui has more. >> the 116th session of congress is scheduled to start in five minutes and they're going to start with having elections for house speaker. nancy pelosi running unopposed, expected to take up the gavel once more. after that they're going to have a swearing in for members. a lot of pomp and circumstance they're not expected to get into the nitty-gritty of legislating until much later tonight democrats still do plan to hold the vote on their package of bills to reopen the government, but even that is just a line in the sand senate majority leader mitch mcconnell said he does not plan to br

the concentric patrick ism alliance is headed by seventy five year old child. originally from mainland china chao hosts of both hong kong and taiwanese identity cards. in this video he's in central taiwan marking the anniversary of the founding of the chinese communist party. but chow was not always a believer. in one thousand nine hundred eighty four he wrote a letter to the then british prime minister margaret thatcher objecting to hong kong being handed back to china his letter began it is known to all that communist rule is characterized by suppression that leads only to bloodshed deprivation and dire poverty clearly chao has since had a change of heart but are chinese authorities funding his political activities here's what jang syria co-founder and manager of the concentric patriotism alliance has to say only. you know. that i handwritten and. then you and he and you've written to. him something. that he was. really not and you. know. at the offices of the taiwanese government spokesperson says more can be done to regulate all political groups. but even b

are looking forward into the next few months when payroll growth will probably slow as we heard, the ismnemployment number came down yesterday. i think it will come down further over the next few months i would expect real weakening in the manufacturing component. having said that, most jobs in the u.s. are not in manufacturing. most people work for small service sector businesses, and the sector service is doing well because the consumer is doing full blazes. we had a great christmas, chain store sales are through the roof probably because gas prices fell so much in time for the shopping season so there's a real split in the economy with the manufacturing sector under the cosh and the consumer sector very strong. that ought to keep the payroll numbers towards the high hundreds so i'm not expecting a rollover, but i think the industrial component will weaken. that's what markets are focusing on that ism report yesterday was horrible and probably it will get worse before better. >> to your point about the consumer sector being strong in the u.s., and the consumer being a tremendous driver

two ism reports. >> a little bit different. >> the ism from last week, i was going back and forth about this. it put us back into the middle of where we have been for the last nine years as far as the ism. we haven't always been at 58 and 60 we're still over 54 one last week or where ever -- i know it was a significant drop i think we continue to work our way out of that. >> i do believe part of the game today in the market is because of the weak economic data. >> the state is weak but you haven't seen any of the major analysts take a sector down and say i'm going to cut my earnings by 15% >> apple scared the crap out of people >> i haven't seen the s&p. right now the worst case is 4% growth optimists are up there at 9 and 10 that's a big range we need to get guidance here i'm waiting for it pick a tesector big energy the big guys will own the small guys it's an interesting sector now you haven't been rewarded owning it >> do you think the fed is on your side now? >> i do. i think he got beaten up so badly. trump job owned guy. i'm n it worked i'm not endorsing trump. don't send me e-ma

by the way i love your passion around the ism number, just quick update. it is an ism number. [laughter]. all right. might have been a fluke. you got to have to chill here,. charles: you got it. neil: one things we love about you. the passion runs through. don't get me started on that ism number. welcome, everybody, i am neil cavuto after my buddy charles payne. we have a lot of concerns about the market, apple, fears of a slowdown, manufacturing the sector recording its biggest drop in 10 years back to two-year lows and all of this as the new congress is gaveling to order. it will be a democratic house right now. in the next couple of hours, likely, democrats will rally around when nancy pelosi to be their leader. it would be a very crowning achievement for her. first time since former speaker sam rayburn returned to pick up the baton from his old job. that was back in 1955. i remember covering that day like it was yesterday. not really. anyway, this government impasse still continues. so the partial shutdown continues. this has very little to do what is going on the corner o

two indian women have made history by entering one of hindu isms holiest shrines in the southern state of carolla they were acting on a supreme court to say.

adp is one of the strong indicators out there but you also have the ism.as a weak number the headline number was not as weak as people thought but it fell down to 54 which still indicates 3% growth. more so the employment index in there only fell a little bill du claims to be up a little bit but not at the bigger level to indicate real weakness over at action economics, mike ingram writes despite high anxiety levels in financial markets, the outlook for jobs growth remains strong. and producing consumer confidence has moderated somewhat recently. those are his comments there now, look for powell today i think all he can do is emphasize that the fed is data dependent not much more he can do other than that. that's what he said back in december the market didn't hear it. i think one of the new realities, guys, is the market itself is perhaps creating its own economic reality with the downdraft in stocks. perhaps could give some employers pause in hiring and pause in capital spending. going to ask that question of loretta mester coming up at 8:00 then we have

not just in china but the rest of the emerging markets, developed markets and in the u.s we had that ismeport that showed things were decelerating. that's the bad news. the market is in the right direction in terms of how it's perceiving that. the good news is that we think the market is overreacting here. things are decelerating but we're not in negative territory in terms of growth rates by any stretch of the imagination things like the yield curve inverting, the yield curve has not inverted people are worried about the fed overtightening the fed has not overtightened. the market seems to be directionally correct, but we're not yet in negative territory. >> given that scenario that you have laid out, what exactly is the strategy prices have come down markedly over the past few months what is the strategy then? how do you position yourselves to benefit or play defense against some of those outcomes that you're talking about? >> is it a difficult market environment. you're seeing a lot of volatility big swings every day the best strategy is to stay balanced we're later in the cycle no do

now you are dealing with these ism numbers that fell by the most since 2008. yes, they are still above 50, in expansionary territory, but they are coming down. that puts a wrench in the whole "the economy looks good" story. at the same time, you look at apple cutting his revenue outlook. that begs the question -- does this mean we will see other companies bringing down earnings outlooks as well as we get further into the earnings season? >> there we have the closing bell. the s&p 500 off by 2.6%. biggest fall since september 2014. we've seen significant volatility in the nasdaq once again today. apple dragging down tech stocks while bad economic data as to those concerns. delta airlines adds to apple's woes. >> it does seem like for the first quarter, we will have a slew of companies talk about nondomestic weakness. the question -- how much domestic weakness is there? we have gotten a long way to now after today, pricing in considerable weakness coming in from overseas, in particular from china. we started with fedex a few weeks ago, it sort of continued on to

what's more important jobs report or the ism today which was des appointing >> for us really michellehe initial jobless claim number sara did as well. you look at that number anything below 280 is a darn good number. now granted we've been at multi, multidecade lows until recently. and a little bit of pop up in that number. we don't think it's that big of a deal and then tomorrow certainly we're going to see a decent headline number for non-farm payrolls and what we've been watching really is that wage number, that average hourly wage number appear if if does back of a of 3.1. the market would like that because one thing we haven't had at this point which you typically would this late in a cycle is really a margin squeeze. i mean operating margins in year, next year, they shall be good we haven't seen that big surge in wages so for us that ism number, 54 and change that's a good number. now below expect aches sns certainly it was but still that's nsbik active of of an nightmare economic scenario around the corner. >> michelle, even know though the numbers hold up okay domestically, ca

it's telegraphing a dystopian nightmare the value of big coins today reflects the level of dystopian ism that we are currently experiencing it's a price of dystopian islam that we are experiencing because j.p. morgan and other banks are rogue. banks that are committing massive fraud and they've got the central banks on the behalf of us taxpayers to print lots of money to bail them out even though it means that the overall well being of society is being destroyed and it has given rise to social unrest and the global insurrection as you see with this you liaison or other protest organizations that's dystopian ism and that's what bitcoin price currently reflects and as to this nightmare gets even worse the price will go higher who was born out of dystopia now only did it come for the cypherpunks you saw dystopian surveillance future and the surveilling surveillance capitalism which we now have they created peer to peer cache and order to provide the privacy but also the absence of a counter party risk in your transactions also the genesis block was the general thirty two thousand and nine a

that few women aged in their forty's have ended one of hindu isms holiest shrines much to the anger of religious conservatives the temple has been long off limits to females between the ages of ten fifty though also jabari explains why. look all that under the. cover of darkness and escorted by police these two women defied religious hardliners by entering one of hindu isms holiest shrines the shop a remodel temple in the southern state of carola which attracts millions of worshippers ear their historic move is backed by india supreme court which in september ordered the authorities to lift the ban on women or girls between the ages of ten and fifty from entering the temple. but the temples authorities refused so by the court's ruling and subsequent attempts by women to visit had been blocked by thousands of the booties supporting the ban conservative hindu groups say they believe women of menstruating age would defile the temples in her shrine local media is reporting the chief priest briefly shut the temple for purification rituals it is simply any any issue of politics and elected i

world yeah i gotta agree with that is the paradox is that the pompei o is making a bid for unilateral ism. precisely at the moment when u.s. foreign policy is falling apart. the us foreign policy is in disarray and afghanistan syria saudi arabia where the u.s. has a real disaster on its hands with mohamed bin salomon and the ukraine where where sensually put in has smartly. wrapped america's knuckles over the current strait so america is actually doing very poorly but as its performance declines the rhetoric seems to soar so now it's his talking about imposing american decked out on the entire world. makes no sense it's actually quite laughable. you know one well looking at pale speech the first thing that came to my mind is well what happens if other countries disagree with this unilateral ism what happens when china says no russia says no iran's says no even you says no i mean pompei you didn't seem to really address that just assuming that everyone is going to agree to american unilateralist and i thought it was a very bizarre speech go ahead and madrid. well i don't think that he was

is she now perhaps trying to to outline a so-called miracle ism that's a good question right i mean we know that if things go according to plan she will leave office in twenty twenty one but when you say merkel ism what is what is that and what we have heard merkel in the last week now say three times and i think that is an indicator of how she would like to see her she has defined national interests and she said tonight she said when i think of national interest i think of the interests of my country plus the interests of others she said you can't have one without the other and she said that tonight she said that last week at the world economic forum in davos as she said it also when often when the friendship pact between germany and france was renewed and here you you hear. the pastor's daughter coming through merkel is a pastor's daughter and the golden rule was being applied to geopolitics do unto others as you would have them do unto you i think that is going to be part of her legacy and that will be part of the definition of miracle there's a sense that she's no longer in office.

when traders saw the number on the ism, so markets sensitive to all of that.ng the day at 2.55. we will see what happens on this all-important friday. rishaad: thank you very much. still ahead, the road ahead for indian carmakers as we saw a dip in sales in mid-december. an easier stance from the r.b.i. might help. more details on that later. next, as china and the u.s. prepared to talk trade, the impasse will roil markets further. this is bloomberg. ♪ rishaad: trade talks with the u.s. delegation will happen monday and tuesday. the first face-to-face negotiations since presidents trump and xi agreed last month to that 90-daters. -- 90-day truce. frome: let's get inside our next guest. the question of the day we have been asking this morning is how scared are you buy this ugly new year in markets? it doesn't seem like 2018 is an aberration. could 2019 be just as bad? >> yeah, so the volatility we 2018n the last quarter of to 2019, i think we are seeing the impact of the trade war. we all know in a trade war, no one is a winner and the data coming out of china

pernicious it's subversive it's whole aisha's it's the state gone amok well this off the talents hereon ism is seen how we're shifting to that in the old world we have two point two million americans actually in a physical prison those are tend to largely be african-american and latino men and the american presence here but now the so. after talent terrorism. you know i think it's kind of difficult visually to incarcerate a lot of white guys who is committing suicide now who's taking the overdose who is opioid addicted it's the it's the the former working class people who are no longer needed the white americans who they wouldn't be able to sustain that private prison system on white prisoners i don't think in this country i think there would be an uprising just like now that there is all these white people committing suicide through opioid overdose is now this will to do something about it and try to integrate these people back into society and maybe recognize that there's a problem so i think that it's a sign of the softer talent areas and that basically people are dying on mass that we h

know i think gold silver bitcoin in this sort of day and age of very well meaning to tell a tarion ism you know it's probably a safer place to be because they might not like how you spend their money of course that's why we're moving towards a cashless society because there is more control the ability to control you what you're able to consume or buy. and that brings me to china a story from china and wall street dot com record defaults by chinese companies fake cash and fake accounting so there's. record number of defaults happening and yet the chinese rating agencies i think they di gong member we covered that when they created that a few years ago well. all of their ratings are perfect it's like a utopia apparently there are no junk rated bonds available in china these are domestic bonds not those raising funds from outside the country so these are internally raised funds. and if you look at the united states as well she points out the above chart is the opposite of u.s. corporate credit ratings where there are only two companies with aaa ratings microsoft and johnson and johnson an

trump ism is so scary to me because it's showing a clear indication that a lot of a huge part of the country has not learned from those things in the past they have not learned from what happened in germany during world war two where it's like when you start blaming a group an ethnic group or a group that identifies one way sexually or you know as ethnically or whatever from when you start blaming your economic situation on. on other people it's it's super easy to not see them as human beings and then it becomes much easier to. do really horrible things to them because you're not you you're you're just you're protecting your family and you're doing what's best for your country so like that's sort of the wind nationalism i think is is such a terrible it's a terrible thing for a couple reasons one like i said because it allows you to do horrible things in the name of country but it also ignores the fact that the people that you're talking about are your country the vietnam era resulted in a lot of really powerful films from hollywood right that were that why don't we have the equivalen

the ism manufacturing index is a major disappointment. warnings from apple and the airlines pointing to slower global growth. that is feeding the demand for treasuries. it is taking away demand for equities. apple is down 10%. bristol-myers squibb is merging with celgene. that is a big deal on the second day of trading in the u.s.. being baked into this market. some other indices we have already mentioned, it is worth looking at the commodity sector today as well. we are more focused on treasuries and woody's in this session. of the price make action, let's find out. are having a fun start to 2019. to a lot of fun for people cruelly trading currencies overnight. we see u.s. treasuries piling on the pressure. yields moving lower and the first serious signed with the ism number that the market is right and the fed needs to think long and hard about what the u.s. economy will be doing in 2019. that's what makes tomorrow's commentary from powell important. we saw the yen it dropped to 105. we are recovering a little bit at 107. is this a trad

global insurrection as you see with this the liaison or other protest organizations that's dystopian ism and that's what bitcoin price currently reflects and as to this nightmare gets even worse the price will go higher who was born out of dystopia now only did it come for the cypherpunks you saw dystopian surveillance future and the surveilling surveillance capitalism which we now have they created peer to peer cache and order to provide the privacy but also the absence of a counter party risk in your transactions also the genesis block was in general thirty two thousand and nine and in embedded in that genesis block is the times headline chancellor gordon brown on brink of second bailout for bank second bailout they used their system their distopian system was safe imposed on us as a as a way to unfairly. benefit the likes of j.p. morgan and that whole basically the class of the rulers of this system against everybody else as you mentioned this year they shown all of latin america all of africa all of asia all of europe all of america the populations there make america great breaks it

copper and the ism manufacturing data, this is a chart of the dollar-yen.terday after that bearish news from apple, we saw a flash rally in the end. it looks like a flash crash for the dollar-yen. pace for its biggest drop since brexit. that was the degree of fear on the part of investors yesterday after the apple news. long-term chart of the dollar-yen suggests it is not just apple, it could be something bigger brewing. this is a decades long of the dollar-yen and the yen had been in a tremendous rally or a very long time. then we had a very solid selloff for the yen. now, we see this starting to hold the dollar-yen in suggesting that there could be a the yen.y ahead for >> one thing i am looking at right now is how bad and how misleading it might be to look at the performance of china linked u.s. stocks since the support is it a trade truce at the start of december. since then, it has held up fairly well. is the china linked s&p 500 stocks that are underperforming that time. 500 since it is almost as though the chinese macro slowdown has meant more than a

and knocking the market down. >> bad ism on top of other regional manufacturing surveys which came in lighter than expected what does 10.5 a on the 10-year yield tell. >> you you would think that should be decent -- when you think about the fact that. >> bad news is good news. >> exactly just saying we're in a period where people are selling first, asking questions later you know, listen, i thought the price action in the s&p 500 to me it is broader than apple. heading into earnings period what was unique was a it was the first dade twrading day of the year be owe b one of the largest stocks in the market when you think up the setup into earnings if we don't have preannouncement and expectations are high for amazon or gogel or other big ones or microsoft which haven't given back the gains which apple has you have a lot of single stock risk there but for the other names in bear market the last year or so there is less single single stock risk. >> it's been about vision for a long too many which started with the industrials. when we went through the last earnings, the industrials kicked

would hope that we could implications ny ich have any undertones of prejudice or racism or any kind of ism that would diminish the character and integrity of one of our fellow members. and i yield back the balance of my time. the speaker pro tempore: the reservation is withdrawn. without objection, it is so ordered. pursuant to the order of the house of today, the question is on passage of house joint resolution 28. those in favor say aye. those opposed, no. . the ayes have it. mr. scalise: mr. speaker, on that i request the yeas and nays. the speaker pro tempore: the yeas and nays are requested and it has been heard. those favoring a vote by the yeas and nays will rise. a sufficient number having arisen, the yeas and nays are ordered. pursuant to clause 8 of rule 20, further proceedings on this journal,'s washington live every day with news that impacts you. coming up friday morning, a discussion of the plan for the pullout of troops from syria and a discussion of the suicide bombing. maryland republican congressman talks about the government shutdown and border security. a review of this

would hope that we could implications ny ich have any undertones of prejudice or racism or any kind of ism that would diminish the character and integrity of one of our fellow members. and i yield back the balance of my time. the speaker pro tempore: the reservation is withdrawn. without objection, it is so ordered. pursuant to the order of the house of today, the question is on passage of house joint resolution 28. those in favor say aye. those opposed, no. . the ayes have it. mr. scalise: mr. speaker, on that i request the yeas and nays. the speaker pro tempore: the yeas and nays are requested and it has been heard. those favoring a vote by the yeas and nays will rise. a sufficient number having arisen, the yeas and nays are ordered. pursuant to clause 8 of rule 20, further proceedings on this negotiations to reopen the government remain at an impasse. yesterday, the house passed a measure by a voice vote that would have funded the government through february 28, but it was later rescheduled for next week after republicans said their request for ordered vote was not recognized. president

valuations are still great, we are still in expansionary mode, ism numbers, we are still above 50 in those. dagen: there's the feeling in the market where even news that's kind of bad is horrible and i think that that was kind of the leg down in the market yesterday was that ism report because it was the lowest in 2 years. >> something that i feel is still happening as we look at the green on screen with futures, a lot of the theme of 2018 are still carrying over to this year, meaning we have this possibility at least of this morning of u.s. and china, you know, having high-level talks, right n beijing in a couple of days from now and so i think that's actually what's driving this kind of positivity, that was such a huge theme last year when it seemed we couldn't agree with something with china, we saw downward pressure and now today, okay, we will be talking january 7th and 8th, seems like okay, everybody is feeling pretty good again. dagen: the government is shutdown again but one thing that's positive for the markets if nancy pelosi moves ahead to ratify the new canada-mÉxico deal

in blue we had the ism manufacturing numbers. years,over the last two a directional correlation for all three as the economy was moving strongly with the ism at levels last seen in the early 2000s. the s&p 500 hit all-time highs. now we see on this week ism report, the s&p was trading down ahead of that diverging with the nam farm payrolls report. there were parts of the report showing no expansion. the jobs report today, most of the components are positive. right now, this chart may suggest that more importance is being placed on the ism index. all eyez on me for next month. >> i am also taking a look at the u.s. jobs report. there was a big rally at first given the strong jobs report. thinking the fed will continue to raise rates. then, the weaker dollar around 10:00 a.m.. dovish statement from jerome powell. we asked a reader what the weakening of the dollar means. he said look at the euro-dollar. in that case the dollar has not moved much. a dovish powell has not necessarily moved the dollar. you have to see a breakout of the

when you paid him a visit ism hearing here is good country? i side with. canada it has has someone someone lag behind has hasn't in summer summer so yeah yeah and i'm summer sir no no it's actually easy need. to touch a number of different industries also as i'm talk tech tech entries we had a had a couple of minutes and centers on and on and on centers and called out out there. poor behavior -- on and those those kinds of actually didn't really you have found in the same day. so i don't think yeah we don't say that say the minimum is three different. countries but we can also say that a lady above user hey how are also quite quite a lame when you 01/03/19 01/03/19 [captioning made possible by democracy now!] amy: from new york this is , decracy now! >> mbs was shockedy y all thehe anger r er theheilling of one journalist. acrding to "the wall stree jourl"l" on phonone ll with jared shshner, mbs asked, why e e outre? isdlyly, m' confusion understaable. gegettg away with it fromlmlmost nono bwback.k. amy: netfl