Welcome to the pulse live from bloombergs European Headquarters in london. Im manus cranny. Lets bring you the eurozone manufacturing data. The comp is it for manufacturing comes in at 52. 4. Are also as numbers beat, 54. 3, giving us a composite number ahead of estimates at 54. 1. We are amid easing cycle in europe, so that is important to note. The euro has been trading that little bit higher. 1. 1249 is where we are. That is better than the market had estimated. The composite number 54. 1 beat estimates. It is a big week for markets. Weve had the weakest chinese manufacturing data since the Global Financial crisis. Emergingmarket stocks fell towards the worst week in two years. The latest from beijing in just a moment. Lets get all the market moves wrapped up with Caroline Hyde. Caroline a torrid week on the markets. 2 trillion worth has been erased in terms of market valuation across global equities. We are having the worst week in nine months. This is where one of the clouds that
Foreign Relations Committee will come to order. In keeping in the great way senator lindsey runs his meeting, we start here on time too. And well defer our opening comments out of respect to you so you can make your introduction and go on about your business. But you honor us by being here. We thank you for that. And the floor is yours to introduce one of our nominees. Thank you, chairman corker and Ranking Member. Thank you for the opportunity tew peer before the committee on behalf of the president s nominee to serve as the undersecretary of state for management. Hes been my budget director, hes an excellent manager. He has tremendous historical knowledge and coordinate many efficiently. He was born and raised portland, oregon and attended college in san francisco. He remains loyal to his west coast roots. After graduating college, he considered teaching diplomatic history. While he never had a chance to pursue that interest, the opportunity to pursue the role in Foreign Policy will
Senator lindsey runs his meeting, we start here on time too. And well defer our opening comments out of respect to you so you can make your introduction and go on about your business. But you honor us by being here. We thank you for that. And the floor is yours to introduce one of our nominees. Thank you, chairman corker and Ranking Member. Thank you for the opportunity tew peer before the committee on behalf of the president s nominee to serve as the undersecretary of state for management. Hes been my budget director, hes an excellent manager. He has tremendous historical knowledge and coordinate many efficiently. He was born and raised portland, oregon and attended college in san francisco. He remains loyal to his west coast roots. After graduating college, he considered teaching diplomatic history. While he never had a chance to pursue that interest, the opportunity to pursue the role in Foreign Policy will be a great privilege. He began work in the legislative branch in 1989 and se
And 11 30, the u. S. Treasury sent to auction bills ate before we get to them that it looks like the government will not shut down after all. We are joined by kevins rule. Kevin cirillo. You they can only get by doing these one week extensions for about two or three more weeks. Tosome point, they will have pass a longer one. This is a shortterm extension. There are many folks here in washington who believe they can get by with these one week extensions for much longer. I think he definitely proved a political calculation on friday that he would much rather get the government open. You are absolutely right. On several of these issues, he had to move to the middle. As that continues, polling suggests his base is still supportive of him. Jonathan alongside him from washington, managing director at kbw. I want to begin quickly. We had these conversations around the Government Shutdown. What does the extension tell you . Republicans have a majority. They do not have control of congress wher
Oliver. Indeed we do, a bit of a risk on day at this point. The dow reversing a small loss after the eyes and manufacturing number for the month of april came in slightly disappointing, but now higher, joining the s p 500 at session highs. More than half a percent, putting another intraday record high on pace for another record close. Keeps going in a bullish direction. Lets look at the stock driving the records for the nasdaq. Apple, amazon, and facebook. Apple and facebook are posting intraday record highs. Amazon on pace for record apple does report tomorrow after the bell and investors are looking for 2. 02 on 50 trivalley dollars in revenue but it represents more than 5 yearoveryear Revenue Growth and earnings growth. In addition, it is expected that apple is likely to announce a cash for more than 250 billion. Recode is saying that investors are hoping it translates into higher dividends. Amazon is seeing a tailwind from the big week and the strong firstquarter report. Shares are