Low tax rates. If that goes away, what does ireland have to offer . Welcome to a very special monday morning on Market Makers. Happy november. I am stephanie ruhle. I am tha matt miller. Erik is on assignment. We will be hearing from him throughout the program. We will kick it off with breaking news. Economic news. We have big numbers coming out this morning from the manufacturing sector. Michael mckee has the headlines in the newsroom. How is the heartbeat of america . It is beating very loudly and strongly surprisingly. We were expecting a decline in the index. To 59. , it goes way up we thought this was going down. We get a big jump in new orders, a 5. 8 jump. Also a jump in production up to 64. 8 and employment rises to 55. 5. These are really good numbers. Manufacturing had a slump at the end of the summer. Seems to be coming back strongly with new orders that should keep it going. They are starting to hire again. This is the kind of number that should make investors very happy. G
Look up to what will be an exciting day of Market Makers. Im matt miller happily in for Erik Schatzker today. Are you ready . Are you ready . Im looking forward to it. Lets go to the top Global Business stories of the morning. It has been a wild ride for the ruble today. The russian currency fell to nearly . 80 per dollar for the first time ever. Plunge and that came after Russias Central Bank raised Interest Rates by the most in 16 years. Here is richard haas. You might have thought that raising Interest Rate by more than 6 would be a strong signal to reassure the markets. That has got to be a scary moment when you do something that dramatic and it doesnt gain traction. Russias central bank may take more steps to shore up the ruble. There is speculation russia will announce controls on capital. Meanwhile, will resumed oil resumed its plunge. It fell below 54 per barrel, and brent crude traded for less than 60 dollars. Administrator for energy said opec should not be expected to cut pr
Republicans turned up the heat on president obama passes immigration order. Ted cruz said if this president can oppose his own Immigration Law unilaterally, he can as well. Hes book on fox news. For four to 5 Million People here illegally, he is promising to print up and give work authorizations. He is in the job of counterfeiting immigration papers. There is no Legal Authority to do what he is doing. The oil cartel meets this thursday and is it is considered one of the most important meetings in a decade. Oil prices now down 27 this year. Crude is 75. Upcoming government rules may be tougher than expected. Plus, joan fleiss drone flights would be limited. Ofcould affect a lot industry. York. Ights game with new a bomb is thrown. A spectacular, onehanded grab. Twitter blew up. Look at that. That is a beauty. Some of the greatest film ever seen. Back in d. C. , some more serious news. It tells a flurry of meetings. How close are they at all, the two sides, to a deal . We are told progre
Security threats, will be deported. Response tot those that accuse him of overreaching. The actions taken by every single republican and democratic president for the past halfcentury. Of congressbers that . Authority to make our immigration system work better, or arch and the wisdom of me acting where congress has failed, i have one answer. Pass a bill. Republican say they will use that power they had to stop the president but they do not say what they will do. Here is john boehner. The president said before he is not king and he is not an emperor, but he is sure acting like it, and he is doing it at a the American People want nothing more than for us to Work Together. Turning to china, surprise move by the countrys central bank to boost the economy. China has cut Interest Rates for the First Time Since 2012. The benchmark lending rate was cut to 5. 6 . China is on track for its slowest growth in two decades. Has filed for chapter 11 bankruptcy protection. In june, the Supreme Court ag
Congress would approve it. Im confident if we reach a verifiable and assures that iran does not have breakout capacity, that not only can i persuade congress, but i can persuade the American People that it is the right thing to do. Iran has said its new Clear Program is only being used for peaceful purposes. Here at home, republicans are stepping up their offensive against president obamaS Immigration order. Senator ted cruz of texas as the president can impose his own immigration laws unilaterally, the next president can impose his own laws as well. He spoke on fox television. For four to five main people here illegally, his promising to print up and get work authorization, essentially, he is gotten the job of counterfeiting immigration papers because theres still Legal Authority to do what he is doing. Ted cruz says he has a solution as long as the president S Immigration order is in effect, the senate should refuse to confirm any of his nominees except for crucial National Security