Threeweek rally sparked by unprecedented Government Intervention cannot be sustained. The Chinese Government has allowed more than 1400 companies to quit trading. It has banned major shareholders from selling their stakes. President obama has become the first u. S. Leader to visit ethiopia. He arrived in addis ababa last night. He will talk with several African Leaders about the civil war in south sudan. Earlier, he wrapped up his trip to kenya with a call to end corruption. President obama too often, in kenya as in other places corruption is tolerated because that is how things have always been. Here in kenya it is time to change habits and decisively break that cycle because corruption holds back every aspect of economic and civil life. It is an anchor that weighs you down and prevents you from achieving what you could. Vonnie the president urged kenya to treat women better and improve education and welfare. 13 major u. S. Corporations will invest at least 140 billion dollars to redu
Was soft in late june when the debt crisis deepened. Thanks were shot banks were shot and capital controls were in place. A key Economic Indicator is pointing down for greece. Manufacturing shrank last month at a record pace. President obama is stepping up the fight against Global Warming. The plan is sure to call plenty of heat. To cause plenty of heat. The president previewed his plan by hosting a video on twitter. The proposal told for reducing emission from u. S. Power plants by nearly one third within 15 years. America accounts for about 1 7 of the worlds in missions, and about half of it is from plants of the worlds in emissions. You can see the president s announcement right here on Bloomberg Television this afternoon at 2 30 p. M. Eastern. A joe biden that president ial campaign may be more than a whim. There is a Political Action committee urging the Vice President to run. Few democrats have come forward to challenge Hillary Clinton. The partys presumptive favorite for the nat
We getting breaking data out of the eurozone. It will close the final figure for august, 54. 7, narrowly below the earlier estimates and still way above the 50 level that separates expansion from contraction. The figure is 55. 7, narrowly down from the earlier estimates of 55. 8. Below thelightly earlier estimates, but still showing strong growth. Big ecbpproaching the meeting on thursday, as if you did not know. Lets look at european equities, rising for the fourth day. Investors are shrugging off yesterdays geopolitical concerns, at least when it comes to the equity markets. The stoxx 600 is up by 1 3 of 1 . The swiss franc remains the haven currency of choice. That is the eurofranc, rising for a second day. Of sundaysans nuclear test. 10 year yields in the u. S. , down a couple basis points. 2. 11 is the level to watch, the level reached on august 31, the lowest since november 9. Hroughwest for 2017 and t november last year. Gold was a haven earlier. Coming down off the earlier high
With proposals to unlock bailout money. Llanos varoufakis says the country will not make any more concessions. He says greece remains willing to find a solution, but creditors need to take greeces proposals seriously. Greece is jeb bush is promising to run a campaign in which he stays true to his beliefs, which have been attacked by conservative spirit in south florida, he announced he is joining the crowded field for the republican president ial nomination. Conservatives are skeptical of his views on immigration and education. Bush alluded to the fact that he is the son of one president and the brother of another. Jeb bush campaigns are not easy, and they are not supposed to be. I know there are a lot of good people running for president. Quite a few, in fact. Not one of us deserves the job by right of resume party family, or family narrative. It is nobodys turn, it is everybodys test and it is wide open, exactly as the contest for president should be. Vonnie real estate mogul donald
This story. We will bring you news on that story. Grounded as well. Monarch Airlines Dancing all flights. Canceling all flights. Help tough will it be for the lowcost carriers . We are monitoring events in las vegas. There are reports coming in all the time. It appears to have stopped within the last hour. We will continue to bring you up to speed with what is happening. Series of events taking place in the city. It will find out what is what the latest Police Situation is. We will update you throughout the program on that. The other thing to notice, 20 minutes to go until at the moment, the failed value the fair value putting us to a rare start. Cashax is going to outpacing outpacing some of its peers. Lets talk about what else we can see out there in the world. We have had some strong tiny stayed overnight. Some strong chinese data overnight. We are happening guess we are watching what is happening in catalonia as well. Lets go to our Bloomberg Business flash update. We start with th