Happened. The bears breathe a sigh of relief. But is it all over as soon as it started . The cash trade is just an hour away so lets see if this has legs. Here are your top headlines. With thes a big blow nasdaq down almost 5 . The s p severs it steepest drop since june. And suffers its deepest drop since june. Bill ackman tells market jitters the National Bank to challenge santander. So, a lot going on today, as well as german factory orders. They are now out. Ofth over month, the gain 2. 8 not nearly as much as a survey, which was 5 . Over the prior number, which was 27. 9 . Yearoveryear, its a drop of 7. 3 , which is worse than the survey drop of 6. 0 . And a slight improvement from 11. 3 on the prior numbers. So during factory orders german factory orders not shining light on this. Just under an hour away from the start of cash equity trading. Futures are down in europe. And remember, yesterday we were looking at gains on the dax of more than 1 . Then we closed losses of more than
Proclaims we dont need to raise taxes on middle class by one penny. Reality check and so much more on making money. Charles the economy booming, showing no signs of slowing down. Were doing better experts thought we were. United states adding 128,000 jobs, 40,000 more than consensus. Hours worked outpacing expectations. That hid the highest level in six years. I have liz peek and steve moore. This was 128,000. Minus 40,000 from the gm strike and consensus revised up 95,000. Doesnt get any better than that, charles. To see manufacturing would have been up except for this. After all the concern about a slowdown in the manufacturing sector. This is great news. 15th consecutive month where wages go up by 3 or more. I think, look, i think democrats have to be horrified by these numbers. This blew out expectations. Absolutely, by the way you mentioned Third Quarter earnings a second ago. It is one more data point including Third Quarter earnings where everything is coming in above expectatio
Better than the second. We expect the previous segment to grow double digits. Matt welcome to bloomberg surveillance lets check in on the markets this morning. It is a good day, not just because it is friday, though i guess it is good if you are long stocks. The broader European Index is up more than. 5 . Crude oil gaining more than 1 . S p futures are up as well, indicating a positive open at the u. S. Start. Coming up, we speak to the president of a General Motors, dont miss that interview at 3 30 p. M. London time. Probably thenveils most revolutionary corvette since the c1. Last night in l. A. , they unveiled the see eight chordate c8 corvette. Lets get to the bloomberg first word news. China speaking on the phone. This is the second time since the two sides called a truce. There are no details on what the trade team discussed. President donald trump reiterated he could impose additional tariffs on chinese goods, if he wants. Quote very close. Steve mnuchin describes a deal on the
A little bit of euro area pmi figure. Little more than expected that is getting a little bit of a list to europe. The stoxx 600, little bit down. Maybe a little bit of angst about what is happening in the u. S. Tax reform. We were expected to have news yesterday. The vote has been delayed to this morning. Im looking at dollar index. That is a tax reform story. Any moves on the asset classes. Coming up, i am excited about talking markets. , he is at Goldman Sachs. Durlacher is the international ceo of julius baer. We will speak to Woody Johnson. Lets get to Bloomberg Business flash with nejra cehic. Nejra in the u. S. , the white house is weighing a plan to replace Rex Tillerson with mike pompeo. That is according to three of ministers and officials amid frustrations with the top diplomats so place just slow pace of hiring. Slow pace of hiring. U. S. Diplomats have trapped plans for donald trump to make a trip to britain in january. The president had been penciled in for a working visit
Is pretty good evidence of what damage the storm left behind. Trees are down everywhere and look at the shear force of the winds to take down a tree of this size and to toss metal off of signs, from street signs all over the place. Despite was see here on the ground behind me people i talked to today say they know it could have been so much worse. We sat on our patio and watched the whole storm. Reporter marilyn is one of many whose nerves may take some time to recover. Nerve rattling. It was so i was so tense when it was all over that i couldnt even lay down. Reporter against the advice of local authorities, marilyn rode irma out with her family inside their naples home. It was so intense. Parts of it were so scary we werent even sure but we all just stayed at home. Reporter blake and his family evacuated their low lying house to seek shelter at a nearby friends home. It was the worst storm that weve stayed for. We were here for andrew in 92 and we were here for charlie in 2004. Repor