A Chinese delegation led by Vice Premier Liu He could be sent before month's end to iron out phase one, a source tells CNBC's Kayla Tausche.Marketsread more
"But I expect we'll have a deal," Mnuchin tells CNBC.Politicsread more
Wall Street analysts were largely skeptical of Trump's announcement on Friday of a substantial trade deal.Marketsread more
Apple will release the iPhone SE2 early next year for $399, analyst Ming-Chi Kuo says.Tech Driversread more
Sanders, who is recovering from a heart attack, reveals the new tax plan a day before the third Democratic debate.2020 Electionsread more
The Treasury secretary expresses optimism that the U.S. and China have a workable first-phase agreement.Economyread more
The ITB, the homebuilder's ETF, has its highest level since January 2018. Craig Johnson, chief market technician at Piper Jaffray, thinks there could be even more room to run.Trading Nationread more
However, that doesn't mean it won't cause harm, says Gottlieb. "You can't inhale something into the lungs on a repeated basis and not cause some damage to the lung."Health and Scienceread more
Climate change activists targeted BlackRock, the world's biggest asset manager, in London on Monday, demanding that the world's major financial institutions stop funding what...Environmentread more
The Salesforce CEO called for the establishment of a "new capitalism" that's partly funded by taxing the rich.Technologyread more
Industrials are gearing up for big gains, says Piper Jaffray's Craig Johnson. Here's one way to play the breakout.Trading Nationread more
U.S. manufacturing output fell for a second straight month in February, offering further evidence of a sharp slowdown in economic growth early in the first quarter.
The Federal Reserve said on Friday manufacturing production dropped 0.4 percent last month, held down by declines in the output of motor vehicles, machinery, and furniture. Data for January was revised up to show output at factories falling 0.5 percent instead of slumping 0.9 percent as previously reported.
Economists polled by Reuters had forecast manufacturing output rising 0.3 percent in February. Production at factories increased 1.0 percent in February from a year ago.
Motor vehicles and parts output slipped 0.1 percent last month after tumbling 7.6 percent in January. Excluding motor vehicles and parts, manufacturing output fell 0.4 percent last month.
February's drop in manufacturing production added to soft reports ranging from retail sales to housing in suggesting the economy lost significant momentum early in the first quarter. Goldman Sachs is forecasting gross domestic product will rise at a 0.6 percent annualized rate in the first quarter. The economy grew at a 2.6 percent pace in the fourth quarter.
Manufacturing activity, which accounts for about 12 percent of the economy, is losing steam as the boost to capital spending from last year's $1.5 trillion tax cut package fades. Activity is also being crimped by a trade war between the United States and China as well as by last year's surge in the dollar and softening global economic growth, which are hurting exports.
The drop in manufacturing output was offset by gains in utilities and mining, leading to a 0.1 percent rise in industrial production in February. Industrial output fell 0.4 percent in January.
Utilities output rebounded 3.7 percent last month as cold temperatures boosted demand for heating. Utilities output dropped 0.9 percent in the prior month. Mining output rose 0.3 percent last month, matching January's increase.
Oil and gas well drilling increased 2.8 percent in February after two straight monthly declines.
Capacity utilization for the manufacturing sector, a measure of how fully firms are using their resources, fell to 75.4 percent last month from 75.8 percent in January.
Overall capacity use for the industrial sector dipped to 78.2 percent from 78.3 percent in January. It is 1.6 percentage points below its 1972-2017 average.
Officials at the Fed tend to look at capacity use measures for signals of how much "slack" remains in the economy how far growth has room to run before it becomes inflationary.