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Transcripts For CNBC Street Signs 20221003

The plan european markets kick off poor on the back foot with stock falling and the dow at the lowest level since november of 2020 Credit Suisse is reported calling for reassurance fail to win over investors as shares plunge amid rising concerns over the Capital Position and restructuring program. Crude Prices Higher amid opec and allies will consider cutting output to put a floor under prices good morning welcome to street signs. We have a packed show for you today. Before we can talk about what is happening in the uk, i want to bring you the manufacturing pmi numbers we got moments ago of the numbers. This is the flashes estimate of 48. 5 versus 49. 6 for suggest the trend is on a downward spiral below the 50 line and we are in contraction territory. The cost of living crisis weighs on spending. I think we have been talking about that a lot the numbers confirmed at the lower level than back in august. You can see the reaction in euro is not very much today the theme has been one on D

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