Surveillance. I am Francine Lacqua in london. We start with data. It is eurozone pmi figures. They are just below expectations. When you look at the euro area in january, services pmi fell to 53. 6. Economists were forecasting 53. 8. When you look at the manufacturing pmi, it rises to 55. 1. Pointrecast was that 54 eight. Anything above 50 indicates an expansion. Services a little bit below manufacturingbut better than expectations. Lets get straight to the markets to see whether there is a bit of dollareuro movement. The is my picture for markets. Watch out, as always, for the dollar. It has been erasing some of the earlier losses. Emerging stocks are gaining. This is the picture for the european stocks, putting much flat. 1. 2502. D currently a lot of weakness on the turkish lira. The msci world index overall a touch up. We will have plenty more from the markets. First, lets get to the first word news. Here is nejra cehic. Nejra donald trump has pulled the u. S. From the Transpacific
Homeowners association of the millennium towers wants to find out through their lawsuit. Theyre suing the developers millennium partnerings and just about everyone else who built the 60 story downtown highrise that has unexpectedly sunk 16 inches and tilted two inches to the northwest. We showed you our simple test, this golf ball rolling downhill of a residents 42nd floor lawsuit. And some have also filed individual lawsuits, but under the law, the Homeowners Association lawsuit is the only one that can address the structural issues of the building. Our goal is to recover all the funds that are necessary to fix this building and fix it once and for all. Reporter the hoa is also suing the transmeade joint Power Authority which is building a huge complex next to the towers. Its the same the towers ground water level dropped by a sagering 20 feet when the tgpa built an underground buttress wall between the highrise and the millennium building site. The Homeowners Association says its bee
Millennium tower and this one may be the most important single action so far. Good evening and thank you for joining us. We have been covering developments on this story for the past six months. The Millennium Tower is the tallest residential building in San Francisco. The building has sunk 16 inches since it opened back in 2009 and its tilting about two inches. And why this latest legal move is so important. Reporter this is the lawsuit that was filed today by the homeown Homeowners Association and we also just got a response from the developers, millennium partners. We understand that they have been in mediation for the past six months and their Statement Reads in part, we are disappointed and puzzled that the hoa board now is shifting gearings to disrupt a strategy that leaves us no choice but to defend ourselves against false claims. So we understand that while mediation can continue, even though the lawsuit has been filed, theres obviously been an impasse. Heres the hoa lawyer dac
Im sara eisen alongside dom ch chu. An update on Hurricane Matthew as it makes landfall in florida. A quick check of futures, under pressure just a bit here. The jobs report at 8 30 a. M. Eastern time for september. S p futures down almost 2 points. Nasdaq futures are down 6. Well keep an eye on that as it unfolds over this morning. A huge story overnight. Take a look at this chart. The british pond versus the u. S. Dollar. It all started just after 7 00 p. M. Last night in new york time, 7 00 a. M. In singapore and hong kong. Look at the intraday move. The currency plunging. In minutes. In minutes, by 6 against the u. S. Dollar. An extraordinary move like we have not seen before in this currency pair before recovering most of its losses. Concerns of the uks exit over the European Union, that shortterm drop speculating that it could have been triggered by a fat finger, rogue trade. Some traders are attributing the move made to comments late yesterday reported by the Financial Times fro
Becomes the first world leader to meet u. S. President elect donald trump since his election win. Back in japan the boj fires a warning shot at the bond market, announcing its first offer to buy an unlimited amount of securities to maintain its yield curve target. We also look to a Rate Decision from a country whose currency has been battered by trumps election. Will mexico hike rates . Anddoes president obama Germanys Angela Merkel meet for farewell talks, what will trumps policy mean for europe . Plus, trump versus trump. How Donald Trumps business interest could see the president elect face more conflicts of interest than any other administration in u. S. History. First lets get the bloomberg first word news. Heres nejra cehic. Nejra a key member of donald says the Incoming Administration is exploring ways to fund fixing roads and bridges , including an option proposed by hillary clinton. Steve talked to the socalled infrastructure bank, something trumps team had slated as being con