Operating with the highest cost in the eurozone with a combined return on equity in the 2nd quarter of 0 that low profitability is a huge risk to the Financial Stability of the local economy as it hampers the build up of equity further stimulus thats also unlikely to be meaningful in a country committed to running a balanced budget well meanwhile wall streets rally which has been rory nover expectations of a u. S. China trade deal has stalled after the Dow Jones Industrial average the s. And p. 500. 00 and the nasdaq all finished at record highs on friday stock futures for all 3 are now lower in fact all 3 major u. S. Stocks indices posted highs and the s. And p. 500 registered a 5th straight week of gains on friday but what seems to be slowing things down christine mentioned it just a minute ago concerns about china pushing for additional tariffs to be removed by the trumpet ministration joins us now to discuss this and other market stories is the c. E. O. Of Euro Pacific Capital Pete
Back rhetoric where promises of a breakthrough fell short and talk collapse at the 11th hour looking further ahead this week we can expect to see more fallout amid trade balance manufacturing and Industrial Production as the global trade weekends germany is set to release 3rd quarter growth data thursday and after 2 consecutive negative growth quarters it is expected that germany is technically in a recession the Biggest Issue for the country is industrial output which actually fell more than expected in september dropping 0. 6 percent on the month pointing to ongoing weakness manufacturers which are reliant on exports have also suffered from a slowing World Economy and uncertainty linked to trade and brags that while there had been hopes for a turnaround that hope is fading fast as germanys industry is contract ing due to shifting Consumer Trends shrinking investment spend and souring sentiment despite the slight uptick in september Industrial Orders the reality is structural flaws in
By g. M. T. In terms of countries selling to china and there was no evidence that sentiment was on decline given this is the biggest haul in the history of singles day ali baba looks to be well positioned to weather out the trade war versus its peers with ali baba busy preparing to issue another 15000000000. 00 in landmark share sales later on this month in hong kong a new single day record could help boost demand for shares as well as to lift the Asian Financial hub as it struggles from the continued riots. Meanwhile shares everywhere else around the world fell a monday as hoped for a breakthrough in the trade war between china and the u. S. Diminished after President Trump and washington had agreed not to gradually roll back tariffs early optimism that pushed the s. N. P. To all time high had gone too far and the market should have known better after all this is the umpteenth time that weve experienced this one step forward 2 steps back rhetoric where promises of a breakthrough fell
Halftime report starts right now. Good to have you with us on this friday. Our Investment Committee today. The cio of santo Global Advisers and lindsay bell is back. Lets begin with the markets with stocks rebounding today basically flat for the week. Our focus today on what has been happening on the ipo market. Peloton down again. Endeavor pulls the ipo. Actually quite encouraging, because the Public Markets are being more rational in valuation than the private markets that are just awash with cash and you have the soft bank effect of putting so much money in the companies. Its selffulfilling prophecy. Public markets says this is crazy. Lyft, theyre not going to make money for we dont know when. Uber. Endeavor is well. Theyre saying we dont want to do that. Unfortunately, its impacting some of the higher valuation equities in the u. S. Market. We see you take a stock like roku. Take a look at whats happening to that stock and others. I dont think it means we have a sustainable move in
Dersnd. Slickitsne repte d you think about the security . I likethe fact that they want to keep me safe. Reporter just spoke with one of the festival directors. They say so far, so good. There have been very few bottlenecks at the new security checkpoints, everybody playing by the rules and ose ear backpack ive got to say going in, i wasnt a huge bluegrass fan, but im changing my mind about all this. Cornell, tell us some of the facts on stage who are this years headline performers . Reporter lots of people performing this weekend, larry. Weve got robert plant from led zeppelin fame, emmy lieu harris, judy collins. Tank and the bangas from new hiphop, funk. They definitely put the hardly in hardly strictly bluegrass. Now the question, its not only that festival butle week. Spencer christian has our forecast. Were off to a good start. Nice sunny skies today. Let me give you a look at a couple camera shots. You can see how brighik that. Lets go to our festival. Heres our hardly strictly