We are 30 minutes into the trading day in the u. S. Julie hyman has the latest. Julie we got numbers of the university of michigan. Their consumer confidence, their final rate for october coming in a point lower than the initial estimate at 87. 2. This matches the lowest level since 2014. Looks like the Expectations Index is lower at 76. 8. Therent conditions folks who were serving a more pessimistic about the future and the present. We have stocks mixed with the dow and s p higher. The nasdaq is little changed. The s p 500 is lower for october. It is the Third Straight month decline. You see a drop in 1. 6 . We have not had a lower october in about four years time. Barring any kind of miraculous turnaround, this is how to and end the month unless things change early next week. Watching oil prices as well. Heading lowerl once again going into that opec meeting in the anna as the members try to hammer out a really agreement on production. We will see if that theres any kind of fruit. We
Im francine lacqua. Getting some figures. Of pay. The month the german Business Confidence at 107. 7. Inwill speak to the man charge of this report later on. That is better than economists expected. Ifo confidence is at 107. 7. The median estimate was 106. 8. The Current Conditions also a little bit better than expected. To show apecting ifo little bit of weakness, maybe a little uncertainty regarding growth, regarding deflation. Those figures coming in better than expected. Do notllar, these things tend to have that much of an impact but when we look at Uncertain Times and what mario draghi may or may not do, it may. 111. 44. Stay with the pulse. In half an hour we speak to the president of the ifo institute. Lets check the markets. This is a picture for worldwide markets. Global stocks rallying with some of these emergingmarket currencies. I want to show you yuan and the 10year greek bond. We have an agreement, not on debt relief, but the european governments will disperse some money
With me as Caroline Hyde. Do you even know what a butterfinger is . Carolyn i know what a kick cap is. Kit kat. Is. Tom it is not european chocolate, it is an american acquired taste. As of right now we need to get to the bloomberg first word news. Vonnie David Cameron hopes to close the deal on that u. K. Membership. Confessions if he gets the concessions he wants there will be a four month warned there is no guarantee that he will get an agreement. Turkeys Prime Ministers is a overnight, turkey carried out airstrikes against kurdish rebels in Northern Iraq. Turmoil has gotten worse in the ukraine. There isoalition a battle between president poroshenko and that ukrainian Prime Minister. Obama will make history with a trip next month to cuba, 55 years after the u. S. Broke diplomatic ties amidst the cold war. More than a year ago, the Obama Administration and cubas communist government agreed to normalize relations. The regime is still criticized for human rights violations. Leadd trum
Good morning. Welcome to Worldwide Exchange. We have two hours together. Right now on the wires, we are just looking at the ecodata hitting. And just a note from my producer, my wire has just gone down, so we are looking at the german Business Climate falling for the month of august. Revisions to july indices are seen as well, but the Expectations Index coming in at 101. 7 for the month of august. The Consensus Forecast was for 102. So the Expectations Index a little bit light. They are stating no revisions to the july indices. And again, the Expectations Index coming in just slightly light. Current conditions, 111. 1. Which means that were also looking at that particular reading being a bit light as well. Not by much, but we are still seeing a bit of a drop there. Lets talk a little bit about the markets. We are seeing the euro dollar at 1. 31, just shy of where we have been the last few sessions. Down the line we are at the hag hague. Good morning this morning, how are you . Good mor
Up in the United States. Im guy johnson. We are starting to get details coming through. We will be speaking to hanswerner sinn in a few minutes. The expectation looks a little firmer than anticipated and better than the last time around. The Expectations Index is better than expected. The data do appear to be getting a little bit better of late. We will get hanswerner sinns take shortly. Lets get back to our main story of the last 24 hours. The german wings plane that crashed in south in france Southern France yesterday. For more, lets bring in our team of reporters. Hans nichols joins us on the phone from the crash site or close to the crash site. Hans, lets start with you. What do we know at this point from the site . Hans we know that the rescue or the recovery operation continues. Helicopters have been taking off all morning. I am about 10 kilometers from where they believe the crash site is. It is behind some mountains. One of the challenges they are having with the mountains is t