Youre watching the pulse live from bloombergs European Headquarters here in london. Im guy johnson. Europe is waiting. The continent is holding its breath. Key meetings on two political stories that have driven the 2015 news cycle. 2 European Union is delaying new sanctions on russia ahead of tomorrows peace talks in minsk. Chancellor merkel and president obama had a united front in washington. Greece, very much is topping the agenda too. In istanbul where finance ministers are concluding a meeting. They named greece as their top concern. George osborne said he sees a growing danger of a very bad outcome in the greek crisis. It is clear that the risks to the World Economy, the risks to the british economy of this standoff between the eurozone and greece is growing each day. And i think the risk are a miscalculation or a misstep leading to a very bad outcome what is growing as well. And so here at the g20, we are urging all parties to this dispute to try and find some Common Solutions a
Erik. He is on assignment in athens. Stephanie i would love to say that our erik was at the oscars last night, at the vanity fair party, but no committee is working in athens. We have had to take you to the breaking news on the Housing Market. Scarlet fu is in the newsroom with the headlines. Scarlet disappointing read steph. Economists had ratcheted down their expectations over the last three days because the expectation is down 1. 6 as recently as friday. On an annualized basis the rate is 4. 80 2 million, dropped from the prior month. This is not a government report. It is from the Industry Group the National Association of realtors. What it measures is the purchases of previously owned homes. It makes up 90 of the Residential Housing market. Some might argue a more important indicator than new home sales. In terms of the effect on financial markets, u. S. Stocks were lower before the report. No real change there. The dollar takes a little bit of a leg lower even though it is firmer
Economy. Zell not so much. And investor lynn tilton is with us live this hour. She just filed a suit against the s. E. C. Shes fighting back saying fraud charges levelled against her are absolutely false. We begin now with the American Labor market. Traders and investors positioning themselves for fridays employment report but could they be setting themselves up for a bit of a shock . Steve liesman is here to explain. Explain, stevie. Yeah mandy. There has been a lot of worrisome Economic Data these past few weeks and this morning that raises questions about the friday jobs report. Let me show you what im talking about. The adp data 189,000 coming in below the prior one and below the estimate of 225. The ism Manufacturing Survey coming in again below the estimate, below the prior, and inside that ism report wills an employment component asking manufacturers how theyre doing hiring coming in at 50. Thats the lowest since may 2013. Here are the negatives as we get ready for the friday jo
Markets and overall. I just think that making prediction about stabilization of this environment is quite hard. The latest to stop from refining weakness. The firm upping the amount of cash its putting aside, as well, to deal with the gulf of mexico spill. And toyota shares fall lower in japan despite the carmaker raising its forecast. The firm now expects a record profit this year. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Warm wake to todays program. We kick off with where we are an hour into trade in european equities. 8 to 1 decliners currently outpacing advancers on the Dow Jones Stoxx europe 600. Here we are, this is where we stand right now. Love the prices on for you. Were not quite at the session low. We hit that about a half an hour ago or so. Ftse 100 off 0. 4 . The xetra dax off 0. 75 and the cac 45 off 0. 25 . Ftse mib is up 0. 36 . The nikkei down over 4 today during the session. The yen actually didnt continue to stren
As she has lived here for 30 years. Her backyard is a construction zone. I would have to have a sleeping pill, but my ears because of the noise. Working crews are trying to repair Mountain View drive that collapsed during sundays storm. The reason is not totally clear but with more rain fall of the working crews must work quickly your from making this bad to worse, with a disconnected exposed pipes. Water could overflow. When it gets at this point there is no where to go your it was continued to go to the rest of the system. Sewage water has been diverted to a different terrain and tons of dirt have been dug out some repairs can be made that small leaky pipe has a black rubber band aid. That sewage water has been diverted to a differentand drain. I do not know when i am going to get any peace. Especially with christmas coming working crews are going to be here 24 7. I have to get this and dirt out so they can get to the dirt and to the pipes to reconnect. When the pipes are not connect