This is bloomberg surveillance. Im Francine Lacqua in london. Another busy day. Five months on from the brexit. Chancellor were outlined measures to help workingclass families. The statement is the new governments first chance to shape fiscal policy since the decision to leave the e. U. We bring you the latest from westminster. How are the 19 economies of the euro area doing . We will bring in novembers pmi numbers. In fact, we are just getting them now. November manufacturing pmi rising a touch above forecast of 53. 7. And Services Also rising a little bit better than expected. Plus, donald trump and the fed. Sources saysam that the president elect plans to reshape the central bank filling vacancies within three m onths. 100,000 people are facing travel disruption with cancel flights after flailing to block a strike failing to block a strike on airlines. Well make sure we keep you uptodate with all the latest data. Lets get straight to first word news. Sebastian opec talks didnt resol
If you look at the past 12 months, historically it has averaged 19. 86. Elevated when you consider where we came from on friday. Joe two days in a row, a real selloff, not massive. All 10 s p sectors in the red today. Biggest loser, the material stocks down over 1 . Selloffs in asia and europe as well. There was not a lack of news out there for people to trade on. Of course the moment we woke up today the big thing out there was this microsoft linkedin deal. It should come as no supplies to either of you that the stock with the highest volume today was microsoft. You felt as much as 5 today. Since its biggest losses 2011. Linkedin surging as much percent. A stones throw away from that bad share of number that microsoft is paying for linkedin. Joe absolutely. Fresh low yields in the bond market as we always do at this time of day. To 10 year yield dropping 1. 6 one. Not a huge move, but still a little bit lower on the day. The fresh record low in the u. K. 10 year. A chart were looking
A 72 drop in profit as it faces challenges in the up and down stream businesses. Good morning, i am here in zurich. We have a lot of earnings to go through. And markets are on the move. Euro area Economic Confidence rises a little bit. It is the backdrop of Central Banks struggling with their monetary economics. There are some pretty good numbers going on. We have a great show today. Zurich,ith francine in with what the fed is m doing in washington and what people see from the bank of japan this evening. Now, to the first word news. President obama made his most forceful case yet for Hillary Clinton. He offered a stirring endorsement last night. President obama and that is why i can say with confidence, there has never been a man or woman not me, not bill nobody. Nobody more qualified than Hillary Clinton to serve as president of the United States of america. Clinton joined the president on stage after the endorsement and they left to loud applause. Bloomberg is the parent of bloomberg
No punches Central Banks are a topic of conversation with prominent banks that pull no punches. The work is never done, and i do not think you can say one and done and that is it. Raising by 25 basis points in september, and then doing it again in december. Nejra plus, a oneonone with russian president vladimir putin. Pres. Putin we will work with if someone says they want to work with russia, we will welcome it. Nejra it is all straight ahead on bloomberg best. Hello and welcome. I am nejra cehic. This is bloomberg best, your weekly review of the most important Business News, interviews, analysis from Bloomberg Television around the world. The week began with the markets still buzzing from friday when remarks from Federal Reserve chair janet yellen signaled that the case for higher rates is strengthening. If investors were worried, mondays Equities Trading did not show it. Joe the s p 500 index is on pace for its best day since august 5, rebounding from a threeday slide. Right after y
Guest that pull no punches. The work is never done, and i do not think you can say one and done and that is it. Raising by 25 basis points in september, and then doing it again in december. Nejra plus, a oneonone with russian president vladimir putin. Pres. Putin we will work with it. Nejra it is all straight ahead on bloomberg best. Hello and welcome. I am nejra cehic. This is bloomberg best, your him weekly review of the most important interviews, analysis from Bloomberg Television around the world. The market is so buzzing from friday when remarks from Federal Reserve chair janet yellen signaled that the case for higher rates is strengthening. If markets were worried, mondays trading did not show it. Joe the s p 500 index is on pace for its best day since august 5, rebounding from a threeday slide. Right after yellen spoke, we saw the big rally everything, stocks, bonds, treasury at the same time, then it reversed. Today, were seeing a reversal of that. Everything is flying from tre