Bloombergs European Headquarters in london. We are getting some breaking news in terms of pmi. Euro area figures pretty much as expected. Greek july manufacturing pmi falling to a record low of 30. 2. We were expecting a figure of 46. 9. 30. 2 is a record low but also very low indeed. Anything below 50 indicates retraction contraction. The Athens Stock Exchange has plunged this morning. We will have the latest from the greek capital in just a moment. First to manus, whos been taking a look at how the market has moved. Not a pretty sight. Manus the biggest oneday move on record on the ase in athens. Down over 21 at the open. Weve been closed for five weeks. The longest closure since 1970. We will go to hans nichols outside the exchange in a moment. You had two quarters of contraction. We are on the way to recession. National bank of greece down 30 . Within the first four minutes the price has crashed. What youve got here is a not necessarily that it saw a huge amount of volume, but the
Up 2. 4 in terms of cocktails. Comp sales. The estimate was 2. 2 . It is the beginning of the backtoschool season. We will see more from the press release in terms of the year forecast. Adjusted earnings per share for 60475 460475. That is a raise. A pretty good outlook for target. We are seeing shares spike in early trading. They are now up to a three quarters of a percent. Olivia thank you so much. Time now for this mornings top stories. Greeces third bailout has cleared a hurdle. The parliament overwhelmingly voted in favor of the package in germany. There are now 30,000 firefighters battling wildfires in the west. They are being assisted by 200 soldiers. Five states are battling 10 wildfires each. The worlds secondlargest homeimprovement chain. Lowes posted secondquarter profits. The rebound and home prices led to Consumer Spending more on their houses but that did not translate into robust sales. Do it model being imported into china will make gm the first detroit automaker to sel
Welcome to squawk alley. Were at post 9. Lets start with the markets on this jobs day the dow crossing back above 22,000 for the first time in two weeks. U. S. Economy added 156,000 new nonfarm pay roles in august. The Unemployment Rate did tick up slightly. Both july and june numbers were also revised Lower National Economic Council director gary cohen joining us earlier. Listen to what he said were look teg trend overall. Were looking at job growth. Were looking at job creation. And we see a lot of very good momentum in the numbers. The one numbers that went down were government. Weve always said government is going to get smaller the private sector is getting bigger we see job creations in the sectors we want to see job creation in. For more, we are joined by wells fargo Senior Investment strategist as well as our very own Steve Liesman. Steve, is thewhite house right to see very solid job momentum continuing in this month of august yeah. I think so i think its well to put the numbe
History. Hello welcome to aljazeera life and im not saying that its also coming up thousands turned out in a general strike in catalonia following the disputed votes to break away from spain. The palestinian Prime Minister holds a unity Cabinet Meeting in gaza its part of another push to end the rift among rival palestinian factions. And the plan to send thousands of ranger refugees who fled to bangladesh back to me and. The authorities in the u. S. Are now digging into. The history of the sixty four year old former accountant who carried out the worst mass shooting in modern American History Stephen Paddock had been far from a hotel room in las vegas overlooking a concert at least fifty nine people were killed more than five hundred others were injured and the gallagher has more from las vegas. This is the moment when a homeless sunday night out became a tragedy. Twenty thousand concert goers were enjoying a Country Music festival when suddenly bullets rained down from above terrified
Timing right come if we do it too we could derail the theast, both th timing right, if we do it too fast we could derail the entire thing. Mark this is bloomberg surveillance and im mark barton. A pmi for manufacturing and services, that is the composite fromed to 55. 9 in october 56. 7. Economists predicted the measure would drop to 56. 5. Job creation in manufacturing rose to the highest levels since Data Collection started in 1997, reflecting strong order inflows. Service Sector Employment also strengthened. You have got to see the recovery is gathering pace, just as the central bank convenes this week to decide on how to gradually pulled back monetary support. Thee is the euro against dollar. The stoxx 600 is a little bit lower today, down by about 0. 2 . Earlier it was up for the third consecutive day. The bloomberg dollar spot index is rising for the third day, the highest level since july 13. Investors eagerly awaiting President Trumps pick for the next fed chair. Theres a conse