Telling cnbc we may not need the type of tax cuts being proposed. We have those details coming up. And a major deal in the media space. Maybe youve heard about it. It brings together bbetter home gardens and people magazines, Meredith Buying Time Inc for nearly 2 billion. Will this pave the way for more deals especially in the media sector where theyve been trying to get them done we have that coming up in a little bit. First, our top story today, the cyber monday surge amazon shares hitting yet another alltime high today. Courtney reagan joins us from an Amazon Fulfillment Center in robbinsville, new jersey, with the very are you packaging anything and sending it off as well reporter no, no, im not allowed to touch anything, so i will not be touching anyones packages dont you worry about it amazons prime day, bill, actually still Reigns Supreme at least as far as we know for its biggest day on record. Last year on cyber monday, amazon shipped 64 million items worldwide. Thats what was
Youre welcome to the pulse live in london. Our top story. Chinas secondquarter gdp beat estimates. Rising 7 from a year earlier. 7 , a, im always a skeptic. Coming in bang in line with what they wanted to achieve. What are these numbers . Andy you are right to be skeptic. It is a bit like last year. We had a slow start to the year. And a slow first couple months, but now it has picked up again. Exports being better. Consumers are back into the game. House prices recovered. It was enough to get gdp up to that 7 figure. Ill gveive your one anecdote. Cinema sales boomed, which gives an indication that the high street is actually spending a bit. Manus a take away from that is buy popcorn. Does it mean where in for a better second half . These numbers are better than the market hoped for. It depends on whether there is more rate cuts and more support given by this administration. Enda it does. One wild card we have is the stock market. We know the story about the huge gains in june. Then we
December if we see a significant deterioration in economic data. We get the new jobless the new job claims tomorrow. And in the payroll will we see a third month . Were up 0. 3 in france. Later today will see how greece will handle it in two days. All eyes on the dollar. We saw the wall street journal coming up. That statement that he thinks there will only wait if there is a significant deterioration. We have seen gold continuing to selloff over the past few days and we do see no one being leeward into it no one being lured into it. Lets have a little look at oil and we are starting to see oil racking up a little bit. An interesting ceo interviewed by anna earlier. We are trading up some several percent over the past couple of days. Everyone is waiting to see where the u. S. Stockpiles go. Will we see them fall as many anticipate . We are seeing fivemonth lows when it comes to the prices to put them in perspective. We have had a number of earnings in the banking front. Member they see
Buyback. 28 , lessalibaba down than one year since the company went public. Uber beefing up the Security Team to defend against hackers. The Financial Times says by the end of the year google uber will quadruple the security staff. If he is elected president , donald trump says he would deport all undocumented immigrants from the notice states. Appeared on meet the press mr. Trump we have a whole new set of standards. Chuck you will split up families, the poor children. Mr. Trump they have to go. We will work with them. They have to go. Olivia donald trump stole the show at the iowa state fair, flying in on his helicopter. It is a tradition for candidates who like deepfried oreos. Cory who does not like deepfried oreos . Olivia nobody. Wreckage has found the of a planet lost contract contact with air Traffic Control in cloudy weather. Jason golf, australias day set a major tournament scoring record to win the pga championship, finishing 23 under. I know you are passionate about watchin
And the spanish bond market, 1. 67 is how you print on the 10 year and a good rally in the ibex up 1. 5 . Highlighted dollaryen because japanese stocks are at the highest level since 1996. Crude i wanted to highlight as well, up 4 10 of 1 . They boosted Oil Demand Estimates as the Global Economy we hear that from all of the Major Players in the oil space. They do see less call on their crude. Actually, sequentially higher their crude, 32 Million Barrels this year, 33 Million Barrels next year. David it is time for the morning brief. We will hear from imf managing director Christine Lagarde speaking at the annual Membership Meeting of the institute of International Finance at 10 00 a. M. Then we will get minutes from the federal open Market Committee meeting at 2 00. At 2 40 we will hear from San Francisco fed president john williams, speaking in salt lake city. President trump will go to harrisburg, pennsylvania today to address tax reform at 5 45 eastern time. There is news in europe.