Adding to concerns about the slowdown in china. In chinal out put rose but fell short of estimates. Nvestors reacted chinese stocks had their worst day in three weeks. The shenzhen composite was down more than 6 . Germany is going to slow up the influx of refugees, at least for now. The government is reposing border controls. They a sign to europe that need more help. At this moment, germany is introducing temporary border checks again at the internal frontiers. The focus in the first instance will be at the border with austria. The aim of this measure is to limit the current influx to germany and come back to an ordered proceeding of the entry again. This is necessary for safety reasons. Brendan european officials meet in brussels on the refugee crisis to discuss the plan of introducing styling seekers to your europe. Fastmoving firefighters in california have killed one person and destroyed several homes and businesses. At least 81 homes were destroyed in a separate fire near sacrame
With tom keene. Tom you have an optimist to keep us going. Francine mark carney. Employment figures and deflation. Onus Christopher Wheeler banking with those bankers coming out of the United States. Lets get to the first word desk. Here is vonnie in new york. The four challengers took on frontrunner Hillary Clinton. At one point clinton and Bernie Sanders does a great about wall street. It is the greed, recklessness, and the havey are a wall street where fraud is a Business Model helped to destroy this economy and the lives of millions of people. When i think about capitalism, i think of the Small Businesses that were started because we have the opportunity and freedom in our country for people to do that, and make a good living for themselves and their families. I do not think we should confuse what we have to do every so often in america, save capitalism from itself. Theie Bernie Sanders said American People were tired about hearing about her emails. According to the new york times,
Stockton reports an increase in profits, but says thousands of jobs will go. There will be cut. It is too early to show that. Do you think it would be more in the range of hundreds or thousands . I would say more like a thousand. Guy welcome to countdown. And im anna it is just past 6 00 here in london. Mark carney is here later on in the press conference. Everyone waiting to see if he will change Market Expectations for where rates are in the u. K. And when they will get hikes. Anna 1 or 2 . That is how i like to phrase it. Are loudas if there voices saying there could be more, maybe another joining the ranks of those trying to get an Interest Rate hike. More broadly, it is clues. Guy i think it is 1 . I think the fed story is getting more interesting. I think will feedback into what is happening with the bank. Janet yellen really making it clear that that december hike is still very much on the card. Cards. The markets are alive to that risk. This is how they said that have shifted o
Bad is the economy . Tom that was dazzling. He was like a power pitcher. Thor is your picture and the league. We will get the story and a bit. Lets get to our first word news. U. S. And Russian Diplomats meeting for the First Time Since russian jets started attacks in syria. The Obama Administration considers a Major Administration shift in the crisis. Trying to revive efforts to the catastrophic civil war. In washington, officials are setting up a Officials Say setting up a nofly zone is on the table. At least 42 people are dead a truck crashed. More stimulus by the European Central bank. Indicators point to the risk of a slowdown. Mario draghi suggested more stimulus may be needed by the end of the year. Hill, vote counting. The next speaker of the house will be paul ryan. The job. Ccept a formal vote will be held next week. Congress has 10 days to raise the debt ceiling. s jeff bezos third richest person. Shares jumped 10 after an upbeat report. Tom let me do a quick data check. Fut
Manus im manus cranny. We have got the pmi. We have the composite that comes in better. Germany slow down 54. Francine both manufacturing and services. We are better than expected. Manufacturing unchanged, but the services rising from a year earlier. That is the pmi data. The top story this week being the ecb. Lets take a look at the big market moves following draghis press conference. Ryan interestingly have not seen the euro strengthen very much at all on the back of the pmi reading which beat expectations. This is the euro over the last two days. It was tanking. It tanked for 11. 5 hours after mario draghi started speaking. Everyone anticipating more helicopter money on the way. Its settles a bit now. You look at the options market. Increasingly sense draghi started speaking yesterday, traders are getting more and more bearish on the euro. Lets go and look at the stoxx 600. A second day on fire. It rose 2 yesterday on the comments from mr. Draghi. And it is up again today about 1 .