U. S. Output, is finally picking up. Growths domestic product expanded in the third quarter, ending september 30th at an annual rate of 3. 2 , its strongest growth in two years, held by solid consumer spending. Corporate profits rebounded for a Third Straight quarter. Separately, there was a surge in Consumer Confidence this month. Index rose to a nineyear high and expectations for the next six months were the most optimistic since june of last year. Later this week comes the jobs report, which most economists think will show a nation at or close to full employment. The bottom line, the u. S. Economy for all the campaign trail handwringing is a far cry from where it stood when the white house last changed occupants. And thats not all. Home prices at the National Level are higher than ever before. Diana olick takes a look at that key pillar. Home price gains gaining and just hit a new record. The muchwatched s p caseshiller National Home price index surpassed its last peak, which was in
Amanda we hear from the ceo of disney with just a week until the grand opening of the new theme park in shanghai. Around the world and check in with our team for indepth coverage. Brussels where mario draghi has been speaking this evening. Guilty yields dropping a record low. David lets begin in brussels were mario draghi has been calling on those to help the European Central bank store Economic Health to the area. Economic form with the latest. What are these reform specifically that mario draghi is asking for. Amanda i dont hear him. David im afraid we lost a matt miller. It fromwe now take brussels. Talk about the brexit vote fallout. In this case, interesting to the 10 year bond dropping to record yield. It to anna edwards now. What is driving the yield . About what islk been happening to guilty yields this morning. Theyve come up a little bit since then. Talk, was on the final before the Eu Referendum that takes place on the 23rd of june. You have the global and the domestic. The
Bonds as we get q2 gdp this time tomorrow. Earnings, the busiest day of the season. Majors like facebook and ford on the move, dow chemical, inside look of the quarter from andrew. Hey, you get on to my cloud. Oracle buying netsuite for 9. 3 billion citing strats youlike synergies. The final day of the Democratic National convention ringing endorsements for Hillary Clinton from the president and Mike Bloomberg last night. The candidate takes the stage tonight and we will go live to philadelphia. First up, facebook with a massive earnings beat that has the stock set to hit alltime highs this morning. Eps 97 cents, beats by 15 cents, 6. 4 billion in revenue, monthly active users 1. 71 billion an mobile continues to grow, mobile ads 84 of the ads that facebook shows. Mark zuckerberg stressed video again and again on the call. Even turning a question about pokemon into an answer about video. Take a listen. One of the big themes were talking about here is becoming video first. Right. And as
Signals the economy is back in the contraction. Its the dividing line between action. Taking a look at the 10 year yield, it was up slightly ahead of this report is basically up slightly, taking a takedown but essentially where it has been before. Thes look at the effect on dollar. Ae dollar index has taken takedown, up ever so slightly. Sm have amisss for the i manufacturing for the month of august. We have the automobile sales for the month of august from the big the u. S. Including ford, General Motors and chrysler. We saw misses in terms of the Sales Numbers but we see the stocks are up modestly except for chrysler. For forward, the Company Managed to raise its average price per vehicle by 1200 over the last year. It looks like gm could have beaten the western a whisper number on the street. Vonnie fascinating, thank you. Manufacturing is in contraction but some of the subcomponents are interesting. Whats going on in london . 90 minutes left in the thursday session and we finished
At its slowest pace since 2012. The financing terry saying it is trending down the territories budget today. The local economy is laden with the risk. The government is protecting 2016 gdp growth between 1 ansd 2 . Questec look at the markets, hong kong and china currently closed for lunch. Heres how they were trading, were seeing the global rally were resuming a selloff picture for tokyo and mumbai. Time now for bloomberg west. Emily another suitor for yahoo. Appears in the form of time inc. Where does bill gates and stand on apple and encryption. We asked for the microsoft cofounder to clarify reports that he is on the side of the fbi. The market selloff is dragging fintech down with it. We check in what is happening to funding and evaluations. Emily one day after apple called on congress to take up the matter of encryption and privacy the senate has proposed a measure that would make it illegal for apple or any u. S. Tech company to refuse government orders for access to encrypted d