Were on strike. They were counted out of work. Temporary census workers were laid off. Going to underlying strength ever economy. Look at net revisions for august and september, number of jobs was revised up by 95,000 jobs. You look at wage growth at 3 over the past 12 months. Low enough where the Federal Reserve is not seeing inflation pressures. White house Economic Advisors taking a victory lap on the report playing a little politics. White house Economic Advisor larry kudlow starting to talk about tax cuts 2. 0 to be proposed next year. The president would love to see another round of lower taxes to help middle income workers and wage earners give them as much, disposable income as possible. We are talking, again, informally at this moment. Reporter but nothing formal at this point. Ism manufacturing number. It came in at 48. 3. Anything under 50 is contraction. This may have also been impacted by the gm strike as the bureau of labor statistics wrote in the report, quote, within ma
And well be looking at formica which you might think is retro but the laminate is still being actively used around the world. With hacking in the headlines, we wa nt to with hacking in the headlines, we want to know have you been a victim of hacking . How did it affect you . Let us know. Use the hashtag bbcbizlive. Hello and welcome to business live. If you watch us regularly you will know it is action packed. Lets get cracking with what the European Commission is likely to announce today. Later today the European Commission is expected to announce the result of its probe into Member States tax deals with Multi National companies. Who will it name and shame today . Its going to be luxembourg. It has been accused of offering illegal tax breaks to amazon. The decision is not against the retail giant itself, but against luxembourg, which can be forced to present amazon with a bill for the alleged back taxes. The case echoes a similar ruling against ireland, not long ago, forcing it to cla
Markets are trading higher, taking their lead from asia. And i sit down with the man who makes hollywood blockbusters without the hollywood budget. Jason blum tells Me Why Making Movies On The Cheap gives him more freedom to make betterfilms. And as the boss of] crew says he underestimated how technology would revolutionise retail. We want to know how has it tech changed the way you shop . Let us know. Just use the hashtag bbcbizlive. Hello and welcome to Business Live. Do get in touch about your Online Retail shopping experiences. What did you buy in the midnight hour after a Big Night Out . That will be interesting we start with the price of oil and whether that goes up or down will be decided later at a meeting of the worlds top producers. Opec the organisation of the Petroleum Exporting countries is led by saudi arabia, with other major producers including iraq, iran and nigeria. Theyre being joined by non opec members inclduing russia and are expected to announce a deal later to t
Over. Welcome to daybreak asia, coming to you live from our asia headquarters in hong kong. Mann. Vonne positive earnings pushing the stocks to a fresh record. Action in new york. Much run byry optimism over the current earnings season. Check out the closing numbers. The s p 500 on a record, the sixth time in three days. Records. Posting and providing a big post big biz, markets resilient and after bad earnings, good earnings making the market rally. It is better than expected. Microsoft up 5 . Strong earnings for them. And Morgan Stanley coming with better than expected bond trading revenues. That lifted the banks. And technology, price cutting will be a priority from marvell. And chipmakers at their best performance in teen years. 16 years. David yvonne and even after the bell su they got it at the high end of the midpoint. They did also come in with Slower Growth in the chip division. There is concern that intel will not be able to wait make up for the weaknesses on the revenue side
Now, almost one full china, if you want to use that as a measure. In any case, it is really about money finding a place to park. Looking at asia, ninemonth highs. A lot of this has to do with japan really pulling its weight. Up 1 there, on the index. Down to the japanese yen, we 107, a two dayo charge. As high as 107. 48 at one point. Now, weunch break right will watch closely. Talk is louder about a spending program. We dont know the details, we are hearing reports coming out of japan. Coming up with a number, 20 trillion. We will get a final number there, that is not speculation. , we are notupiah sure what time, they do not usually come out anytime, we usually get that in the late afternoon. Economists are saying most of the 2016 rate cuts in the reference rate, we have a split here. Move, not justl yet, but that being said, look at the expectations. , lookingwith indonesia at australia, 92 likelihood that indonesia moves. Moving lower, lifting the tide overall. With marketngs up st