Market for the uk. Ab inbev plunge as the Worlds Largest brewer misses Third Quarter estimates and wonders continue for the rest of 2019 kering shares surge after a slow down from the unrest in hong kong. Uk Prime Minister Boris Johnson says hell allow more time for mps to discuss his brexit deal. We are being very, very reasonable we are saying if you genuinely want more time, you can have it. Here it is but the continue for that is that we all agree to go for a general election on december 12. A very warm welcome to street signs and happy friday. Lets kick off the show with some fresh german data we got those fresh october pmi numbers. The efos survey showed german business moral was unchanged the index came in the 97. 8 versus a forecast of 98 flat the Business Climate index came in at 94. 6, which was a touch above the expectation of 94. 5. Weve seen a little revision to the september numbers. The index was revised. The expectation for the index revised to 90. 9. The message is tha
A bit of a mixed bag. Employment growth decelerating. It is consistent with some slowing. The economy is slowing. The manufacturing slowdown is continuing. But it is happening at a very gradual pace. We are slowly pressing on the brake here. It is not a falling out of bed moment. It is not a flashing red, the economy is falling off a cliff number to me. Definitely falling off a cliff. The market is not doing anything. The market is priced in for an october rate cut. We have to pencil in a fed rate cut in october. For those looking for a decisive message, a deterministic one, they did not get it. Jonathan joining me around the table to discuss in new york are our guests, oksana aranov, lisa hornby, and Gershon Distenfeld. Guys, i want to begin with what changed this week for all three of you. Did anything change for you, oksana, this week, given the data we had . Oksana nothing has really changed on the economic backdrop. We did have some weak numbers there, but an ontrack jobs number a
This hearing will come to order. Today we are joined by the leading voices within the administration on reforming and strengthening our Housing Finance system. The secretary of the treasury and secretary of housing and urban development, both of whom have submitted reform proposals to the president , as well as the director of the federal Housing Finance agency who serves as the regulator conservator of freddie mae and fanny fannie mae and freddie mac. It marks 11 years since the government bailed out and put those where they remain today. Prior to 2008 the Government Sponsored Enterprises held . 45 in capital for every 100 in capital for every 100 in mortgages guaranteed. Now they hold just . 19 after a 200 bailout from taxpayers. 11 years later these systemically Important Companies continue to be too big to fail and are more leverage than they were before the financial crisis. Taxpayers inevitably remain on the hook for the next market downturn. In march pres. Trump signed a memoran
Not so negative in switzerland. Relaxing deposits and bucking the easing trend the fed draws fire from trump once again saudi arabia say drone and missile debris calls out iran and mike pompeo calls the strike an act of war. A warm welcome to street signs. Plenty of central bank action. The fed and the s b already. Just in, we heard that norges bank has raised Interest Rates the question is if they would hike rates for the third time this year. We are seeing a jump on the back of this decision to raise rates. This is the third time this year that they have the question is will they change but they have gone ahead given the fact that they have and bucking the trend, it is worth pointing out the smaller rate hikes in june they have hiked today but revised downward in their future very interesting. A real variety of action around the globe. We have the bank of england decision as well again, central bank taking focus. Lets talk about the biggest central bank decision. The Federal Reserve
This hearing will come to order. Today we are joined by the leading voices within the administration on reforming and strengthening our Housing Finance system. The secretary of the treasury and the secretary of housing and urban development, both of whom have just proposed proposals to the president , as well as the director of the federal Housing Finance industry who serves as the regulator and conservator of fanny mae and freddie mac. Last friday marked 11 years since the government bailed out and put fanny mae and freddie mac into conservatorship where they remain today. Prior to 2008, they held just 0. 45 in capital for every 100 in mortgages they guaranteed. Now they hold just 0. 19. After a historic 200 billion bailout from the taxpayers. 11 years later, these Important Companies continue to be too big to fail, and are even more leveraged than they were before the financial crisis. And taxpayers remain on the hook in the event of the next market downturn. In march, President Trum