A bounce in the eyes and Services Data out today in order to save the market but today the i sense that his readings on the u. S. Services sector fell last month to its lowest level since august of 2016 coming in at 52. 00 expectations of 55. 00 Service Oriented companies employ the vast majority of americans and registered the weakest growth in september in 3 years business production new orders grew more slowly and employment levels were essentially flat so between the 2 numbers now the pair of surveys clearly point to a sharp loss in momentum the Services Side is much larger than manufacturing accounting for about 80 percent of the u. S. Economy manufacturing only makes up roughly 20 percent so many analysts came out and they didnt place too much emphasis on the manufacturing numbers earlier this week and they were overly dismissive of the weak reads they said that the market shouldnt panic yet manufacturing doesnt amount to much and Services Matters more and thats actually still ex
Like china now with the trade war backdrop International Trade has been weak and u. S. Corporates are starting to see they hit their bottom line so now with the 2 main drivers of corporate profits both getting pummeled are we in for a round of negative q 3 earnings and furthermore is this the start of another economic contraction. And earlier this week we had an opportunity to catch up with steve professor of economics unpatriotic and the author of can we avoid another financial crisis we started our conversation by talking about the economic slowdown in china despite the burst the slowdown the nations economy is still growing the fastest of all the worlds Major Economies we asked if this was sustainable. Growth is if you actually look at a 6 percent rate of growth every year that means your economy doubles and saw as if. That sort of growth is possible when youre starting from the incredibly low blows that china began with but if you want to eat you want to go to out of the. Period an
Hello im christine wonder welcome to news africa its good to have you along the biggest climate protest in history happened today with millions of people across the old taking to the streets the demonstrations mostly comprised of schoolchildren all part of a movement sparked by the swedish teenager to admit in kenya Climate Change protest as devotees in. Pok in nairobi to call on the government and the private sector to take action on the issues they were also proteus in namibia and uganda now the biggest polluter on the continent is south africa which ranks 14th in the world thats mostly because of all the coal the country but. Funded krishna was at the protest in. Hundreds of people here in cape town are marching to the parliament of the country today but why are they here why are the demonstrating lets hear what they have to say because we are the future. Yes its important the government sees that the people of this country care and that they demand action. In this country demonstra
Hello. Welcome to news africa its good to have you along the biggest climate protest in history happened today with millions of people across the old taking to the streets the demonstrations mostly comprised of schoolchildren all part of a movement sparked by the swedish teenager. In kenya Climate Change protesters gathered in. Nairobi to call on the government and the private sector to take action on the issues they were also proteus. And uganda now the biggest polluter on the continent is south africa which ranks 14th in the world thats mostly because of all the coal the country. Funded was at the protest and. Hundreds of people here in cape town are marching to the parliament of the country today but why are they you know why are they demonstrating lets see what they have to say because we are the future. Yes its important the government sees that the people of this country care and that they demand action. In this country demonstrations they were pretty well you know the people thi
Volkswagen one of the worlds biggest car makers finds itself back in court today as the company once again faces the fallout of the diesel gate emissions cheating scandal. Hundreds of thousands of german vw customers have joined a first of its kind grouped proceeding to seek compensation from the automaker. The firm admitted in 2015 to using Illegal Software to cheat on emissions tests in 11 million vehicles worldwide. So far the scandal has cost the group over 33 billion, however the vast majority of that sum, 22 billion, has gone to the us in in fines, compensation and legal costs. Vw owners in the uk will be watching with interest as around 117,000 claimants are part of a similar action, also seeking compensation from the auto giant. Simon duval smith, editor of automotive purchasing and supply chain magazinejoins me now. Morning. Talk is through this case. What is it that the group, who were taking vw to court, what do they have to prove . Well, there are 50 questions which are goi