We have also got the overall number at 108. 6. That was forecast at 108. 4. Thats the Business Sentiment index and the Business Expectations. Lets have a look for that has come in at 103. 5. The forecast was 104. 4. So lets just have a look. Overall the expectations just below forecast the Business Sentiment and Current Conditions just ahead of forecasts. Of course this follows yesterdays pmi where germanys came in at 41. 9 down from 52. 8. So mixed set of data coming out of germany over the last couple of days. We saw the euro dollar there bouncing in fact in todays session. Lets get a comment. He is chief economist. Good morning to you. So slight contrast to yesterdays data but still mixed this morning. This ifo sentiment. A bit mixed but not very much. If you look at it the key thing is that Current Conditions have improved a lot and then of course expectations where people are asked whether it can get much better than what the currency is are no longer as stellar as they used to be
The United States triple a status could be soon be downgraded because of the debt ceiling gridlock. Stock were on a roll but stumbled yesterday after the house the dow fell 133 points, the nasdaq 21 and s p slipped 12. Gold edged up 3 and oil down a buck 49. In earnings after hours intel beat wall street estimates but failed to confirm growth in the 4th quarter. Yahoo topped earnings by a penny on revenue that was just barely shy of expecations. A Financial Times report says amazon is creating a smartphone with htc. And twitter chooses the New York Stock Exchange over the nasdaq for its ipo. Alan knuckman of trading advantage joins us now. Alan, you are watching the d. C. Drama. Good morning to you. What does the market think . Actually thats the only thing we want to focus on. Focus on what the markets telling us. Opinions and peoples emotions dont matter. You dont make money predicting events. You make money predicting where you think the markets gonna go and using good risk reward a
Hello. Welcome to countdown. Im mark barton. Before we go to lloyds, lets go to b. P. B. P. Has crossed. They are saying their Third Quarter profit came in at 3 billion, above the 2. 93 billion estimate. They say they are maintaining a strong framework. Replacement costs 9 billion. 2. 39. Were waiting on their production . S. Expected to be about 2. 5 Million Barrels per day in the last quarter. Thats what were expecting to see. Well have to see the detail in this. They own 20 of russias largest roducer. Output, 1. 3 Million Barrels a day is better than what they were looking for. Crude prices dropped 5. 5 . Liabilities for the gulf of mexico oil spill, 50 billion is the new figure . Thats right. They are still on the hook for the gulf of mexico spill despite the fact that it has been so many years. There is a lot of uncertainty. They have been found grossly penalty in but they want a new trial. Grossly negligent of the spill that comes with a financial penalty. Lets talk about lloyds
To 7 level effectively rather than as low as 2 which was 3 crisis. Those are pretty straightforward. Whether more should be done, for some of the largest institutions, we think the Systemic Risk you do, and actually think it is pretty straight forward. With the collins amendment, a standardized floor. And not model driven but standardized raise rates, but my hope would be substantial merit in this, having a much simpler floor and above that for the biggest institutions, that is where you have a model for and supplemental capital. Not displacing the simple one but supplemental. Senator reid. Thank you very much. Chairman gensler, you have a roundtable on the future of its stops swaps. Because of the rulemaking process, that is not completed and many people are moving away to avoid uncertainty into the futures market. Can you tell us what risks might be posed by that and how you are going to respond to finalizing these rules and you educated your budget issue is probably a critical facto
Links Coffee House Cafe, a beloved Craghead Street gathering spot, plans to add space, thanks to $13,000 in start-up money from the River District Association.