Fastest pace in three months. I think probably the fed needs to be here, but the october number is the one you want to look forward to. Lets get the totals of what we learned today. It is kind of a good news, bad news day in terms of the economy for some we have had one good, one bad, and michigan is kind of neutral. Retail sales of 1. 9 in the month of september, much better than the forecast and much better than the. 6 gain the month before. Retail sales, ex autos also big. Car sales were strong during the month. And then we look at the control group, the part that goes directly into gdp, and that was percent inly up, 1. 4 august. In august it was down by. 3 . A significant boost for retail sales in the u. S. Economy in september. On the other hand, that news on the manufacturing side, Industrial Production falls. 6, a lot of that because airconditioners were switched off, utilities went down. When youre factoring production surprisingly went down by. 3 . That was the bad news for to
That 18 out. To see fascinating is the two different debates find, but then have it coalesce into a Running Stream on different websites and different media, including bloomberg. It was amazing. It was something completely modern and completely different. Like a european debate, tom, is how i would maybe describe it. You got a lot more policy than in the last debate. And possible shifting in some minds. Get to first word news with ritika gupta. Ritika President Trump and joe biden were on tv last night at the same time but on different channels. They held competing televised town halls. Instead of debating as the schedule had originally called for. At nbc, the president said he knew the coronavirus was a huge danger. Pres. Trump i knew it was a big threat. At the same time, i dont want to panic this country. I dont want to come out and say everybodys going to die. Ritika in a town hall monitor rated moderated by george stephanopoulos, biden was asked if he would take a vaccine once it
Environment. Businesses, the private and Corporate Bank are fighting through the Interest Rate headwinds, but doing well on executing strategies and offsetting that had went. Thee are uncertainties in Macro Economic environment and that is something we factor in as we manage our businesses, our risks, but we remain quite confident in our outlook and the way we are managing through this pandemic. It is supporting clients, the economy as we all navigate an unexpected environment. Risks, howaging the hard would Deutsche Bank be hit if there would be another wave of lockdowns across europe and elsewhere . James weve built in some conservativism into our numbers, weve taken an overlay, adjustment more conservative in provisions and that prepares us for uncertainties that lie ahead. We are not seeing a deterioration in portfolio beyond what we expected in this environment and while we are all subject to the direction of the economy and potential impact of more distancing and Protection Measu
About the blockbuster revelations about hunter biden, biden got a pass, the network fix was in, beat up trump, give biden a pass. We do have news on the stimulus. A little give on the part of the white house, Speaker Pelosi and secretary mnuchin have agreed on the democrats Virus Testing strategy. It is not much, a strong report on retail sales just came out, a halfhour ago, big loss for the stocks yesterday but a rebound today in part on the back of the retail sales report. The dow is up triple digits 130 points, the nasdaq, 93 94 points higher. Censorship are very much in the news, social media may be in trouble after blocking coverage of the bombshell allegations against hunter biden, the authorities are taking a close look at facebook, twitter and other social media liability immunity after four years of obvious media biased in social media censorships and is there any doubt that you are blocked so frequently from seeing or hearing conservative opinion. We will get more on that com
To be able to agree on how it would work. No more all night parties in berlin the german capital imposes further restrictions to stop the spread of virus. This is the business im Kate Ferguson thanks for joining me. We begin in china where the latest trade figures suggest the economy may be returning to pre pandemic levels of strength imports and exports both rose significantly in that september car sales to have been preventing the biggest come as the country appears to be bringing that corona virus under control thanks largely to white specks testing. These people are among 3000000 Authorities Say they have tested for corona virus in the city of qingdao in the last few days alone. It took just 12 confirmed cases to prompt the Massive Campaign that helps explain why new chinese infections remain extremely low and why its economy is powering into the post pandemic period quicker than most. From whom china had major strategic achievements fighting the epidemic its production was the 1st