The Dow Jones Industrial average up 274 points yesterday. Investors rushed into the market after the fed hinted that Interest Rates will stay near zero. U. S. Economic growth might be lower than expected. Maybe they will keep rates at 04 longer. Zero four longer. Ceo has been cutting costs. He has been under pressure from activist investors. Investors dont appear to like the shakeup at cap peered shares falling as much as 9 after the company replaced of the ceo. The stock more than doubled during his tenure. He will be replaced by the president of gaps growth, innovation and digital unit. Work zuckerberg is calling Internet Access a basic human right. Hes in india where he will be with the prime minister. One billion people in india are unable to get online. Deploying traditional Networking Infrastructure to connect Rural Communities with low population density is not really costeffective. Which is why it has not been done yet. We are working to develop new technologies that can be mor
Lets talk about what weve got. Manufacturing pmi falling to 50. 4, the forecast 50. 8. We have already seen the breakdowns from a national level. The german date or little weaker, the french data certainly a little weaker at the moment. Those that were hoping there were any w numbers in the other survey numbers were indicating that we were going to see a more stable story, maybe a little bit disappointed by that. 1. 2515, you could have seen a pop through you could have seen a pop through 1. 26 today if you had a decent german number. 16 is where we are trading now. Thats get some immediate action to the figures. Harry coleman, good morning to you. I read your notes this morning on the train. Broadly positive. You think the doomsayers are largely wrong about the european economy. Is there evidence that undermines that argument. I dont think it does. We had soft data, some of the trends in the pmi numbers pretty poor, but generally i think the consensus on europe is too bearish. I think
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