Investors await the final pricing for the asia operation. They hope the Chinese Market will help drive down debt. Shery lets get you started with the quick check of the markets. Close of the thursday session. Reaching record highs with the doubt surpassing 27,000. S p 500 very close to the 3000 level. We have financials and industrials leading the gains. We got the tweet earlier in the session from President Trump saying china is letting us down. Bit. Took markets a little they were able to recover as we are focused on chair powells second day of testimony talking about the fed having room to ease and ties between the Unemployment Rate and inflation. Yields have 10 year reaching one month high as we got u. S. Inflation numbers coming in the hotter than expected. This friday we are facing a modest retreat in asian stocks after a two day gain. Hares flipping at the closing chinese trade headlines the agenda which comes after trump complained. Malaysia,e gdp plus japan, and india. Theill
After the ruling aka Party Strikes an outright majority in eye lekss. Hailed by the president as a vote for the countrys stability. Okay. Lets quickly check on some breaking news. We have pmi data coming from europe coming off some disappointments from chinas official numbers. Better than expected. Looking at the eurozone september manufacturing pmi read above the boom bust line of 50. We are expanding, not contracting, at a rate of 52. That is the read for the month of september. When it comes to the eurozone, october may have a pmi forecast Holding Steady at 52. Not deteriorating or getting any better. Indeed, susan. The individual countries coming out over the last half an hour or so. Heres the breakdown of the pmis weve got spain at 51. 3. And that was first out of the gate earlier. The First Reading since december 2013. Italy showing some growth, 54. 1. France continues to lager. A reading just above 50 still. Gener germany has slipped coming from 52. 1 down from 52. 3. What does
Countdown. The World Leaders are gathering in beijing for the annual apec summit. There is a lot more at stake. The health of asias economies. It might determine the course of political stability in the region for years. Will meetnt obama with the chinese president during his visit to beijing. But the two leaders will be competing for interests among the other apec nations in a game of out of offer and counteroffer. Owni will propose his proposals and will breathe ceos on the benefits of a strong and rising china. The nation is facing a new economic normality. Normality,new chinas Economic Growth rate may be slowed, but its real growth remains considerable. The chinese economy is no longer what it used to be after more than 30 years of private Economic Growth. Has already met japans Prime Minister, shinzo abe. It is the first of towards improving ties between china and japan. A major gas signed supply deal with russia. Jinpeng shookxi hands on the agreement that should give japan almos
Nullified and undermined. Were taking every action we can take to push back. Eric the policy is causing growing outrage. We have more from washington. Reporter the president sticking to his guns when its comes to hiS Immigration priorities. He plans to continue to enforce a policy that separates immigrant parents from their children at the southern border in spite of his publicly expressed hate for the policy. In a tweet this morning he puts the onus on democrats, writing democrats can fix their forced family breakup at the border by working with republicans on new legislation for a change. This, the day after he stunned Republican Leadership with a declaration on fox friends that he would not support a compromised immigration plan months in the making. Im looking at both of them. I certainly wouldnt sign the more moderate one. I need a bill that gives this country tremendous Border Security. I have to have that. Reporter the White House Press staff went on defense and immediately clar