Good morning, everybody. You are watching the pulse. Im guy johnson. Im francine lacqua. We are just getting some breaking data. The services p. M. I. Figures falling for october to 62. 3. What we were estimating is a 62. 4. Pretty much in line with expectsations. We had an encouraging figure from italy. The surprise of the day. P. M. I. Was better than expected. We were expecting a can traction. The number for the whole of the euro area an area of grips at the moment by the debate that seems to be raging within the e. C. B. Were waiting to see what the meeting looks like tomorrow. The news yesterday talking took into account fact that maybe we have a significant refor mario draghi to deal with. Well talk about that issue later on. A revelt about his transparency about his speech. Nevertheless a significant Political Development if you can talk about politics within the e. C. B. Lets take our politics in a different term. Gripping westminster the last couple of weeks if not months. Mig
Republicans turned up the heat on president obama passes immigration order. Ted cruz said if this president can oppose his own Immigration Law unilaterally, he can as well. Hes book on fox news. For four to 5 Million People here illegally, he is promising to print up and give work authorizations. He is in the job of counterfeiting immigration papers. There is no Legal Authority to do what he is doing. The oil cartel meets this thursday and is it is considered one of the most important meetings in a decade. Oil prices now down 27 this year. Crude is 75. Upcoming government rules may be tougher than expected. Plus, joan fleiss drone flights would be limited. Ofcould affect a lot industry. York. Ights game with new a bomb is thrown. A spectacular, onehanded grab. Twitter blew up. Look at that. That is a beauty. Some of the greatest film ever seen. Back in d. C. , some more serious news. It tells a flurry of meetings. How close are they at all, the two sides, to a deal . We are told progre
Lowest target in 15 years for growth. They say we will aim for 7 how will that affect commodities markets going in. They realize they cannot put growth ahead of everything else. 2 10 of a percent higher and france and theyre waiting for the dax to open always a bit slower in the morning. The euro focusing on what is moving ahead of the central bank and later today mario draghi will paint us a picture of that 1. 1 trillion euro stimulus row graham. What will he be buying and when will he be buying it. Theyre down 2 10 of a percent and the euro has been falling for six Straight Days now. We are currently at one dollar 10 1. 10. After that we are going to 0. 9. We will hit parity next year says goldman sachs. Lets have a look at gold, a little bit flat ahead of that on buying program. Meanwhile oil is down again for a third day actually it is falling down 3 10 of a percent, it had been on an upward trajectory that is about u. S. Stockpiles easing that little bit. We do have a few notable
Average. Nasdaq was weak for most of the session. We saw air coming out of the big momentum names. Nasdaq composite down 17 points today. S p was up just about one point, flat after giving up much of an earlier rally similar to the Dow Jones Industrial average. Despite todays uptick, the dow has wiped out more than 800 points since hitting a reported high three weeks ago. Lets check in with bob pisani. Why the optimism today, bob. If you take a look at the s p, it wasnt on the fed minutes. I think most traders feel it was an oversold bounce with two pretty rough days. Janet yellen may have helped on the margins. Lets take a look at sectors moving. Hewlettpackard, they gave commentary, better than expected. On the guidance. Meg whitman said theres a lot of work to be done but confident in the progress weve made. Those comments came out just before noon. We saw these names frequently traded, beta names. Biotechs have had a rough couple days. Some big names to the downside again. China ne
Iranian officials were reportedly there to witness it. So is north korea ready to Sell Technology to our most dangerous enemy . Newark mayor cory booker completes a week on food stamps wanting to know what it is like to live on 1. 40 a meal. Food stamp use is rising faster than job growth, did you know that . Isnt that the problem that needs solving . Charles payne is explains how booker misses the point entirely. Even when its not it is always about money melissa first, lets take a look at the days market headlines the fed announced new measures to help stimulate the economy but apparently investors were not impressed by fed chairman bernankes afternoon press conference. Stocks gave up all of their early gains and the dow closed down two points. Shares of Warren Buffetts Berkshire Hathaway getting a jolt. The company is repurchasing 9200 classa shares from the estate of a quote, longtime shareholder. Another business giant is repurposing shares. Dupont will buy back one billion shares