Slumping to the lowest in three years, hitting exporters, undermining corporate profits. Anbang pulls its offer for starwood. It leaves it clear for marriott. Do follow me on twitter rishaadtv, use trendingbusiness. Nonmanufacturing pmi data, the manufacturing number. Tom mackenzie is our china correspondent. Marchprise rise in the purchasing Managers Index for china, 50. 2. The survey had been 49. 4. That is what the forecast had been. It follows seven months of contraction for chinas Manufacturing Sector. It will be a positive for the government as well and the pboc. We heard there was going to be a fiscal stimulus. Of thates on the back increase in the services pmi and follows the positive run and chinese stocks. It is not just investors. Where seeing impact in the Manufacturing Sector. We are seeing impact in the Manufacturing Sector. Government expecting 1. 8 Million People may have to be laid off from state owned enterprises. We have seen falling demand as well. That has eased of
From the new York Auto Show are coming to us. We talked to the chief executive of cadillac about his plans to compete with premium names like bmw and audi. Lets head straight to the markets where Bloombergs Julie Hyman has the latest. Julie stocks pulling back today, not huge declines, but it does mean we are now negative on the year. If you look at the yeartodate returns, we had that brief period of gains on the dow, we are still negative and the nasdaq more deeply in the red. It has consistently been the laggards. In terms of what is dragging, it is the banks. We had a lot of investors and traders say if there is going to be a catalyst for u. S. Stocks, it could be earning season. We will hear from Many Companies starting over the next couple of weeks, but banks are among the first to report and some of the commentary is not very positive. Ubs is rating wells fargo a cell. Sell. Andysts cite high valuation for u. S. Banks, it is the perfect storm for firstquarter earnings. Earnings w
The ftse 100 is dipping into negative territory. Switch up the board. Here is the yellen scorecard ahead of that speech. What a run it, has been on over the last few days. It keeps climbing. Yields for a look bit lower by two basis points at 1. 86 . Is fascinating. We have a little history of what we might hear. Is speaking in singapore and talking about the dow plot. He said today that he thinks it is still a good idea to have the dot plot. He wants to wait and see if it wasnt a mirage. Jonathan i find it fascinating that Monetary Policy has been reduced to some dots on a piece of paper. Anchor i understand what you are saying. You caught up on the latest headlines with your numbered first world ms. Bloomberg first world news. The government has and access to data on an iphone used by terrorist. The government compelled apple to help. Police say a man was shot after pulling out a gun outside the u. S. Capital. Good in pretty condition. They believe the man acted alone. The suspect has
This. John we are looking at a brusselsbased network, which had been planning the paris attacks prior to january, around the time of the Charlie Hebdo attacks. I think we are seeing at a network node of isis. What we are seeing is very good intelligence work that led them to the mastermind, a shootout, a capture, a Police Officer wounded. A couple of others got away. But they were certainly on the right track. Then i think what you saw was the results of parts of that network were able to regroup. Charlie do you think they struck because of the captive, because what he may have told police, what was coming up . John that could be possible. Or it could be simply what we refer to as a punishment operation for the capture of their cellular leader. Charlie do we know he was the cellular leader and they may have been connected to him or were likely connected to him . John i think the operating theory is the people who struck today were part of the network he was running in an external opera
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