Decline. Biggest drop since 2009. A real freeze that has hit the manufacturing economy. Thats right. The lowest ism reading this is a kind of this 340 versus last month survey sometimes market moves are inscrutable. Yesterday, markets were up clearly just challenged this idea that the u. S. Economy was resilient enough we are constandly talking about increasing recession fears. Suddenly this data point comes along. The consumer, in 2019, are we dependent on manufacturing to the extent we used to be no. Not even close it is a great swing factor it doesnt go down that much but it also accelerates that much. You take a look at treasury yields yesterday as soon as this number hit 0 years at 2. 089 . We were above 1. 7 on the 10year yesterday. That shows you the market is saying, okay, the fed is likely to give another cut in october not a sure thing probability right now. The october adp report will be released at 8 15 eastern. Reportedly added 120,000 private sector jobs last month johnso
Tom good morning, this is bloomberg daybreak europe. These other stories that set your agenda. Japans two year yield jumps to its highest since 2011 after inflation comes in hot. Theres an 80 chance negative rates will end by april. President biden says a ceasefire between israel and hamas could be secured as soonest monday. Plus, french president Emmanuel Macron says sending western troops ukraine cannot be ruled out. That as sweden gets final approval to join nato. We move away for the geopolitics to look at the earnings story right now. The front Space Company has around 950,000 corporate clients in terms of the focus on vouchers and on the Human Resources part of the business. Coming through with fourthquarter operating revenues above the estimates, 655 Million Euros, slightly above the estimates of 600 62 one Million Euros for the full year. Coming in just above the estimates, a little over one billion euros. 1. 0 9 billion euros. The estimates had been for one point zero 8 billio
Leaked damaging information from the talks. Investors and companies are eager for a deal. The german chancellor and the u. S. President both stand behind tpp, saying it will encourage Economic Growth and trade. Votes orraise all benefit only wealthy corporations and the elite . That is what we want to talk about with 3 experts following it. The head of the apartment of external economic of the end of external economic policy. She says german industry giveves that tpp will committees better access to the u. S. Market. But its aborted that it remain its important that it remains ambitious. Editor of the opinion page. He says tpp will most likely boost economies on both sides of the atlantic and strengthen transatlantic ties. European fears about decisively lower food Environmental Standards are overblown. The head of greenpeaces political unit in behind last weeks majorleague. He says tpp has to be stopped because in the agreement, consumer and Environmental Protections are less importan
Europeans are worried about Consumer Protection and environment all standards, especially after greenpeace leaked damaging information from the talks. Investors and companies are eager for a deal. The german chancellor and the u. S. President both stand behind tpp, saying it will encourage Economic Growth and trade. Votes orraise all benefit only wealthy corporations and the elite . That is what we want to talk about with 3 experts following it. The head of the apartment of external economic of the end of external economic policy. She says german industry giveves that tpp will committees better access to the u. S. Market. But its aborted that it remain its important that it remains ambitious. Editor of the opinion page. He says tpp will most likely boost economies on both sides of the atlantic and strengthen transatlantic ties. European fears about decisively lower food Environmental Standards are overblown. The head of greenpeaces political unit in behind last weeks majorleague. He sa
Leaked damaging information from the talks. Investors and companies are eager for a deal. The german chancellor and the u. S. President both stand behind tpp, saying it will encourage Economic Growth and trade. Votes orraise all benefit only wealthy corporations and the elite . That is what we want to talk about with 3 experts following it. The head of the apartment of external economic of the end of external economic policy. She says german industry giveves that tpp will committees better access to the u. S. Market. But its aborted that it remain its important that it remains ambitious. Editor of the opinion page. He says tpp will most likely boost economies on both sides of the atlantic and strengthen transatlantic ties. European fears about decisively lower food Environmental Standards are overblown. The head of greenpeaces political unit in behind last weeks majorleague. He says tpp has to be stopped because in the agreement, consumer and Environmental Protections are less importan