The technology that the boeing 737 max airliners utilized. Lawmakers in both parties say they will not let the boeing 737s take off again until they are 100 confident that consumer safety is going to be completely verify. That is the policy standpoint of this. From a practical matter, Dennis Muilenburg was asked on his way in by reporters whether or not he was going to resign. He said his focus is entirely on safety. ; and beyond that we should note that while Dennis Muilenburg will be testifying in the senate today and house tomorrow, the department of justice has the criminal investigation looking into matters, and lawmakers, especially democrats, not just looking at boeing, but also the International Regulatory regime, domestic regulatory regime, and the role that wall street ed in perhapsy pushing boeing a little bit too fast to adopt technology. Something the democrats and the figure have been pressing on his how boeing disclose information to the regulators. I can also tell you t
Leading economic indicator. David the big question is what can be done about the slower pace. We will come back to you and talk about that. First we want to go to david powell in london because we have German Service numbers not encouraging. David p. there was a downward revision to the servicing pmi for the month of september on top of an initial decline we already knew about. Evidence of a slow down in the Manufacturing Sector is spreading to the Services Sector , affecting the entire economy. David how much of this is trade , and if so what can Angela Merkel do about it, if anything . David p. germany is more exposed than any country in the world to international trade. It has one of the Worlds Largest trade surpluses. It is affected by the trade wars. The blow to confidence that is having not only on trade itself but on investment plans. Fortunately, germany also has another record. That is for fiscal responsibility, fiscal rectitude, and there is a lot of room for germany to spend
Fierce. About 90 miles east of daytona is where it sits right now after really devastating the bahamas. David i dont think we still understand the extent of it. It is really tragic what happened in the bahamas. Theres a lot of rain and water coming. The storm surge they are worried about up and down the coast. Alix in the markets we are paying attention to the broader political sphere. 8 10 upres up by by 0. 8 . The cable rate up over 1 . Yields in the u. S. Now up by three basis points. Commodities, buy everything but the u. S. Dollar. Time now for the global exchange. Joining us in hong kong is bloombergs chief north asia correspondent stephen engle. From outside westminster is bloombergs anna edwards, and from new york is bloombergs michael mckee. First we want to start with hong kong, where leader carrie lam announced the government will formerly will formally withdraw the extradition bill. M the government will fully withdraw the bill in order to relay consent. Alix can we say the
They were a little lighter than estimates, but still up by about 1. 6 . This is on the heels of Dollar General, that really crushed it. Heres a negative. They might see earnings on the higher end for the full year. They do not see revenue on the higher end for the full year. They see 43. 6 billion. They had seen 43. 9 billion. That could be a marginal weakness. David stock is up in the premarket a little less than 1 . You mentioned Dollar General, which has a strong showing. Alix blew outcome a really. Raised their guidance, they see fullyear sales forecasts rising. They did point out there are a large number of sales in their lower margin products, so margins will be an interesting story for them, but i think it always is for the Dollar Stores. David absolutely. The beat on earningspershare for the Second Quarter, and comp sales were up 4 . You can see they are up about 6. 5 in the premarket. Alix this will add some early optimism in the markets. S p futures up by a solid 1 , over 290
Government has fallen and we have a possible new coalition on the table. He will talk about a german bond auction. David we have a 30 year and they will test the market today. On top of australian markets, they sold 800 million worth of debt. Average yield below 1 . It seems the bond markets are pricing in more easing and the world gets worse from here. Our guest is with us out of singapore, head of asianpacific economics. Our things likely to get worse before they get better . Well, it is certainly a very challenging outlook. Exports in have seen the economies are feeling the impact of the collapse of trade volumes and it is not only about trade. We have seen persistent uncertainty has put spending assistance by consumers and businesses on hold. Producte, we are seeing face weakening in economic momentum. Broadbased weakening in economic momentum. A good part of asia is in a downturn and how long and how deep that down for downturn will be depends on policy maker actions in terms of f