Treasury Announces Details Of This Month’s Twenty-Year Bond Auction

Growth In New York Manufacturing Slows More Than Expected In October

Growth in New York manufacturing activity slowed by more than expected in the month of October, the Federal Reserve Bank of New York revealed in a report on Thursday.

The New York Fed said its general business conditions index slid to 10.5 in October from 17.0 in September.

While a positive reading still indicates growth in regional manufacturing activity, economists had expected the index to show a much more modest drop to 15.0.

The bigger than expected decrease by the headline index came even though the new orders index climbed to 12.3 in October from 7.1 in September and the shipments index rose to 17.8 from 14.1.

The number of employees index also increased to 7.2 in October from 2.6 in September, indicating an acceleration in the pace of job growth.

The report also said the prices paid index crept up to 27.8 in October from 25.2 in September, while the prices edged down to 5.3 from 6.5.

“The October Empire State Manufacturing Survey signals continued, albeit softer, expansion supported by rising shipments and a gain in new orders, although employers are still hiring cautiously,” said Oren Klachkin, Lead U.S. Economist at Oxford Economics.

Looking ahead, the New York Fed said firms remained optimistic conditions would improve over the next six months, although optimism was somewhat lower than last month.

The index for future business conditions fell to 32.8 in October from 40.3 in September.

Rudy Giuliani Uses Mocking Asian Accent In Hot Mic ‘Ah So’ Moment

A hot mic moment accidentally posted by his own team showed Donald Trump attorney Rudy Giuliani talking in a mocking Asian accent while repeatedly bowing, The Daily Beast reported Wednesday. (See the clip below.)

The former New York City mayor had just wrapped up his “Common Sense” podcast interview with former White House press secretary Sean Spicer when he began teasing someone off-camera he calls Jayne Zirkle, whose Twitter account says she is a “Trump Supporter.”

As the camera still rolled in the now-private YouTube footage (but captured by The Daily Beast), Giuliani playfully admonishes Zirkle for being upset about something and tells her, “You’re gonna be the most famous model in China.”

He then puts on a fake Asian accent. “Ah, get me Jayne Zirkle, get me Jayne Zirkle,” he says. The Trump surrogate continued his racist affectation while pretending to defer to Zirkle in a dinner order. “Jayne Zirkle pick ’em,” he said.  He then bows repeatedly while uttering Zirkle’s name with an “ah so” over and over.

The racist Giuliani misstep adds to his parade of gaffes, including his recent statement that people don’t die of the coronavirus anymore, interview meltdowns and embarrassing butt dial calls to a reporter.

Kamala Harris halts travel after 2 involved in campaign test positive for coronavirus

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Kamala Harris' communications director and a "non-staff flight crew member" have tested positive for the coronavirus, the campaign announced Thursday morning, adding that Harris will cancel all planned travel for the rest of the week as a precautionary measure.

This is a developing story; check back for updates.

Stock Alert: SPI Energy Surges 62% After Deal With China’s Shaanxi Tongjia

Shares of SPI Energy Co., Ltd. (SPI), a provider of photovoltaic and electric vehicle solutions, are gaining more than 61 percent or $4.42 in Thursday’s morning trade at $11.60.

SPI Energy said Thursday that its unit EdisonFuture Inc. agreed with Shaanxi Tongjia Automobile Co., Ltd., a manufacturer of all-electric logistic vehicles in China, to make and sell a new generation of smart electric pickup trucks and electric logistics vehicles. Tongjia will supply parts and support to EdisonFuture’s assembly facility in Fresno, California, where EdisonFuture will complete assembly of the vehicles.

EdisonFuture will also be the exclusive North American distributor of all-electric “last-mile” delivery box trucks and pickup trucks currently produced by Tongjia.

SPI Energy has traded in a range of $0.55 to $46.67 in the past 52 weeks.

Stock Alert: Vertex Pharma Tanks 15% On Stopping Development Of Protein-deficiency Drug

Shares of Vertex Pharmaceuticals Incorporated (VRTX) are falling more than 15% Thursday morning after the company said it has decided to stop the development of its protein-deficiency drug candidate VX-814.

VX-814 was in phase II study in patients with alpha-1 antitrypsin deficiency.

Vertex Pharmaceuticals stock is currently at $229.78. It has been trading in the range of $173.62- $306.08 in the last one year.

Array Technologies jumps 34% in Nasdaq debut

(Reuters) – Shares of Array Technologies ARRY.O jumped 34% in their Nasdaq debut on Thursday after the solar power equipment maker raised $1.05 billion in its initial public offering.

Shares opened at $29.5 after being priced at $22 per share.

Array is backed by asset manager Oaktree Capital.

Treasury Announces Details Of This Month’s Twenty-Year Bond Auction

The Treasury Department announced the details of this month’s auction of twenty-year bonds on Thursday.

The Treasury revealed it plans to sell $22 billion worth of twenty-year bonds, with the results due to be announced next Wednesday.

Last month, the Treasury also sold $22 billion worth of twenty-year bonds, drawing a high yield of 1.213 percent and a bid-to-cover ratio of 2.39.

The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.