Right down to the wire with an election that is too close to call. Be live in montgomery, alabama in just a few moments. We are getting breaking data on the jobs market in south korea. The november unemployment, jobs rate at 3. 7 percent, higher than what was estimated for no change for the unemployed rate at 3. 6 . Of masksss rate sort the big issues going on in south korea. Surface it looks good, but underneath we still have very high unemployment with the youth and a high parttime Unemployment Rate employment rate continuing to dog banks and the president , who is trying to put in Public Policy to bring the jobs market back in south korea come and that is likely, possibly going to have some effects on trade. Certainly will be when it comes to the fiscal side of things when it comes to south korean reforms from the president wanting to implement. Perhaps we will get those youth and implement numbers in just a bit. At asiake a look appeared pretty choppy when it comes to tax reform, u
Lets check on your markets. We are getting some euro area manufacturing pmi figures. 59. 6, thatphone to is pretty much in line with what economists expected. Higher. 10m also looking at the u. S. Year yield twoyear yield. The dollar you can see steady. We have a lot coming up right here on bloomberg surveillance. We get the latest equity market calls. Find out why he sees a correction soon. Userwe talk facebooks big news. To someone from Credit Suisse. Here is nejra cehic. Nejra u. S. Oil production has surged over 10 Million Barrels a day for the first time in decades. That comes just weeks after the International Energy agency said american output would push past saudi arabia. Decades of declining output has been reversed and the nation has been turned into an exporter. The u. K. Will agree to in transition. Told themn china, he that free trade deals would still be some time away if there is a transitional phase in which britain cannot negotiate with third countries. The uks Prime M
Brendan the Chinese Government seems to be in full panic trying to throw things at this to see what they can fix. Tom we mentioned barclays news. Jenkins is out at barclays. Here is vonnie quinn. Vonnie another round of Government Support measures the benchmark shanghai composite index is down more than 30 since june 12 through investors have suffered more than 3 trillion loss on paper. The Chinese Government has taken steps to prop up more cap stocks. At one point participants were locked out of 71 of the market. Foreign investors continue to sell holdings at a record pace. European leaders have given greece a new deadline. Expect a rescue plan by sunday or face being kicked out of the euro. The greek government is told to come up with new proposals. Angela merkel says she is not optimistic. This morning at the european parliament, the greek Prime Minister promised to deliver. Prime minister Singh Tsipras i am confident in the few days we are able to meet the obligations of the crucia
Right now we need to get you caught up here and here are the top headlines with vonnie quinn. Vonnie Alexis Tsipras has run up the white flag. Calling for immediate action to a with a bailout. Plus, greece will have to transfer 55 billion worth of assets to a holding company. German chancellor Angela Merkel says it is about time for greece to take responsibility. Angela merkel trust has indeed been lost but we all know that what will the important is to implement what we have agreed on doing. Vonnie tsipras own party mutinied when he asked for the endorsement of a new austerity program. A new deal on the Iran Nuclear Program could be announced as soon as today. Negotiators want to stop iran from making nuclear weapons. Any deal would still have to be reviewed by congress. Senate Majority Leader Mitch Mcconnell told fox an agreement would be a difficult sell. The crowded field for the republican president ial nomination gets bigger today. Scott walker will join the race or he became the
On the revenue side, it was a very small miss. It came in at 5. 93 billion, the estimate was for 5. 94 billion. Adjusted earnings per share 1. 54 again. Tom that is a lot of pizza. That is a lot of pizza at 5 00 p. M. Brendan i will show you the two numbers you need to know. Highspeed data net addition 172,000. Vonnie the estimate was for 98,000, so that is actually a beat. Brendan yep. Vonnie looking for the call to develop what management is thinking about, or charter and the measure. Tom there it is on time warner cable. We will get you started and go to the fed. First, our top headlines with vonnie quinn. Vonnie if that is dropping hints there is almost enough improvement in the job market to start raising Interest Rates. Policymakers arcs rising satisfaction with progress toward full employment. They say they need to see some additional gains before the first rate hikes since 2006. Economists surveyed by bloomberg expect to raise rates by september. The first big break in the sear