Yvonne interesting to note the jobless rate, 6. 2 . You have to wonder what the labor market looks like in the face of this bad data. Look at the equity market right now, a free fall when it comes to china but looking better than the rest of the region. Its bring in our next guest lets bring in our next guest. Thea, it seems like economists were a little bit too upbeat. What happened . Julia i think if you remember, the government gradually increased the limit on economic activity. They extended the quarantine since the beginning of february. That likely hit a lot of factors like retail consumption quite a bit. It is happening at the same time with a lot of other factors such as Chinese New Year and a bit of a vacuum in terms of activity any highfrequency nature for the first two months of the year. It is introducing a law of margin for error, trying to get an understanding of the true extent of the the klein. Having said that, a lot of micro indicators were sowing a possibility of a v
Starts in the sale of its brazilian unit. Meanwhile, the german bank profits double. Heineken shares maintains guidance in strength in most of its markets upsets weak demand in africa. It tells cnbc is can weather the challenges. If you look at the next coming 25 years, the first big positive for our industry was some hiccups, but they will remain positive for the long time. Good morning, everyone. Lets get straight to some Macro Economic data in the form of eurozone july manufacturing pmi. That came in 52. 4. Versus a forecast of 52. Slightly better than expected. The june was 52. 5. What were seeing in july a tine will slowdown. Lets just go through the different economying. Spains Manufacturing Sector saw a surprise slowdown in the month of july 53. 6 below expectations but still expanding but we saw the fastest rise in employment since the start of 2007. Lets also talk about france. It was below the boom bust line of 50. July, 49. 6. But the german number was slightly better than e
Taking you straight to yemen where the houthi leader is speaking now. Lets listen in. Translator full of freedom pride, the yemen offer steadfastness, wisdom and pow pow defense. May peace be upon you my fellow countrymen. I extend all gratitude appreciation thanks to the popular committees, the steadfast who are standing steadfast in bravery and fortitude to serve god almighty in the first place and to serve the yemeni people. The same appreciation and gratitude extends to the great yemeni army. The army who once again has proven to be patriotic aware of and loyal to the homeland. Have driven beyond any proven beyond any doubt that they are siding with the interest of the people. Siding with yemen. Siding with the homeland. Fully aware of the responsibility to defend the home soil and not to function under any circumstances as a tool in the hands of any party conspiring against our homeland. My fellow countrymen, at the outset, as i address you today in a defining moment, an exception
Sport news including nadal no lack of confidence as he races through the first round of the first grand slam of the year in the australian open. But we start with a situation in yemen which appears to have intensified, the country has seen frequent battles between houthis and forces loyal to hadi and we heard reports he has flown from the president ial palace we think by helicopter and the Prime Ministers convow has been attacked and gun battles on going between yemen Army Soldiers and houthi fighters who took control of sanaa and there was a short lived lived hiasis with gun battle an hour later and we will go to the editor and chief of the yemen post and can you bring us up with the situation . You have been telling us over the last couple of hours how the situation has deteriorated. I personally went and drove by to see the situation by myself and the roads were empty with gunman on the streets and my vehicle was almost shot at and its very tense right now. You cannot see troops the
They are all down. Clear thri greek story is weighing on investments and what does it mean for the future of europe . Ill give you reaction to the greek in detail. Greece march to victory in election some say may decide the future of the euro. Just two seats shy of a majority. And what the result could mean. What do we have . This antibailout coalition coming together and reports that alexi will be sworn in monday morning. The new government could be formed by tuesday evening according to party officials. This brings together years of antibailout sent nment greece. Anger that greece had to bear the brunt of the financial crisis there and bear the brunt of sweeping restrictions imposed by its eu partner. The much lothed troy cayou could argue. They still want to be in the euro. We have 74 suggesting they would not like to leave the euro area. What is next for that area, what is next now for greece . They have to put the coalition together and find unitty within the coalition to map out