Korea taiwan, and some of struggle. And some australia as well. Both expected to fall expected to report below zero. Inflation numbers this morning zero month on month. Watch the bond markets closely. I will be back to flesh things out for you guys. In the meantime, back to you. Chinese stocks a mixed weekend. The surprise rate cut from the pboc. Fears of deflation, we have been covering this morning. Disinflation is the slowing rate of inflation, deflation is negative inflation. The fear of deflation is coming. Japan has been stuck in deflation for 10 years. Disinflation is crippling china. They cut rates to deal with this disinflation situation. November, throw in the ratio cuts, pretty aggressive. Also proactive. Sunday, they come out with the inflation figures, which were disappointing. Inflation at the slowest pace deflation does back in. Backeckon. And then you have the Housing Market slump. Today we had pmi, hsbc 50 points. The official showing contraction . Correct. All of that
Reporter well, michelle, the fire is now under control they have these hot spots out. Thats what theyve been dealing with since about 3 30 this morning when the fire crews first got here. And these flames broke out. Now the division chief tells me when he got here, he called the flames extreme and they started at the back of this cleaners this is mcafee cleaners on third street. Of course its under investigation. We have no idea what exactly caused this fire. But right next door to the cleaners is a construction site. That had a little bit of damage from the fire. And on the other side of the cleaners is a Sandwich Shop. Wellknown in this neck of the woods. Its called constance. I talked to the owner of constance. He says theres a fire at this cleaners just nine months ago. Out of the exact same area. I also asked the division chief this morning if constances Sandwich Shop is going to be ready to open the morning. They have some heavy smoke damage in there. The side wall does have some