Im Francine Lacqua. Manus im manus cranny. Shall we get into this breaking did . Francine we have some european encompass it pmi. Composite pmi falling to 52. 5. Analysts were forecasting 52 5. 5 manus the eurodollar declining. Germany missed on that as well. For the compass it for the whole of europe, it also missed. Francine actually the services pmi fell more than the manufacturing pmi. Lets bring and stephen morel. Great to have you on the program. When you look at the pmi, how much do we care about this . We are still so worried about greece worried about what happens with the debt relief and we are lori that italy may become the next greece. Pmi meh . Stephen if you look at the composite pmi there has been an improvement over the last six to 12 months. Their something that becomes an issue as well. The nature of the euro. Its a q. E. Currency. The balance of payments data suggest significant outflows. If you look at the net errors account, there are clear signs there. Of capital
Process, making sure that when we are making changes to our military members lives, that it is this body and his bodys worst responsibility that we are there to make sure we are providing the oversight to see if the changes that we made are doing what we intended them to do. And this deals with the commissary. Many in this committee might know, but our colleagues might not know, that is the Grocery Store and the military. Is nothing predictable in the military and it is very stressful. Grocery shopping should not be stressful. Is not a business. It is a benefit to the tune of about 300 per family member. Haveof those same families people working at the commissary. And the money from the commissary goes back into morale , welfare, recreation, and things to make military life improve. What we are doing, to be clear on this is, we are changing the way the commissarys work. Suggestion and i ask you to think of this from a. Oldiers perspective the mandate was to modernize the military, the
Philosophically, but i trend back toward the chairman here, there are a lot of practical issues that could turn this into a free fire zone which is not beneficial to anyone. When you are shooting, they may not shoot back to you. That is the problem. And i am not necessarily opposed to offense the government has a very good offensive capability. We have not decided as a country how to use it or has a government policy body, no one has decided to use it, so we do not. The problem you are asking a corporation where you will get these mixed capabilities, and i cannot tell you how many cios i have met who say this is not a problem. You are going to have somebody come in and say i can figure this out. I have never seen such confidence as i have people in cyberspace. Somebody is going to misfire and it will not be that particular company that pays the price. It will be a swath of people who pay the price. A foreign nation state like iran or russia or china or north korea will not say it is fr
Up pretty quickly stray showers nothing to organize a major like a drug czar in to work or school and also in there with a heavy downpour that is what happened to jackie this morning no longer really waiting in a vital but take a look and santa rosa area close to the petaluma as well where do with grandfathering in a lot of corn and for our library right now for the San Ramon Valley forge the right to downtown the more but the rest of us drive for the most part will will see a few droplets along the mid peninsula but that has continued to work its way east. Erica to tell Santa Rosa Hilbert over there do with highway 101 and then the bulk of the once the stairwell to the north were talking retting across was city hall do with a heavy downpour at this hour this is expected to slide into the north residence of the seven and 8 00 the erica a lot was a democratic conditions temperatures in the 50s but again the rain really expected to pick up are on the afternoon that is definitely good new
Economist marty feltstein and Hank Greenberg all in the house. So much to speak about with each of them. Dont misa moment. Join us, coming up. Thats it, thats all we could find . We have more, actually. What a great lineup it is. Apples big day, big news as well. What are investors saying . Thats going to be key. The stock is acting true to form on a delivery day if you will. The stock runs up, goes to the big unveil. Weve seen this before. Sell on the news . Yes. Lets check the markets right here. They are buying on the news today. The Dow Jones Industrial average, strong here at the highs of the day a gain of 110 points, threequarter of 1 . Nasdaq composite also strong. Technology is one of the Leadership Groups the last couple of months. Nasdaq up 18. 75 at 1324. The Standard Poors with a gain as well. Bob pisani, what can you tell us. September was supposed to be lousy, remember go away, were up 4. 5 since the beginning of may. That hasnt been right. September were up so far. Heres