We have some breaking Economic News on the manufacturing sector. Mike mckee has headlines from the desk. We expected a big drop in the purchasing Managers Index for the month of october. We get a drop, not a big one. We see new orders actually rising to 66 from 65. 8. That was not in anyones real forecast. Employment down just a touch. Interestingly enough prices like oil prices really having it in the impact of their. The dollar has been rising but export orders are up. A really good overall number. Thank you very much. A black mood for retailers on black friday. The National Retail federation says spending tumbled 11 over the weekend julie hyman is here with a rundown of the latest on black friday and what we know about weekend shopping. That was for the entire weekend, that 11 figure. Also some number saying individual spending, per shopper on an average basis, was down 6. 4 . Traffic fell by 4. 5 . There is one caveat we need to take with these numbers. We do not know if they are a
We are in london. A the Greek Parliament passed 2015 budget last night, but they havent reached an agreement with their creditors to receive their final payments for some 7 billion euros. Ministers meet in brussels today after the german chancellor increased pressure on france and italy to reform their economies. Hans nichols joins us now from berlin to discuss this. Is there a solution for greece or are the markets really spooked . It looks like Wolfgang Choi blood may have just hinted at a solution. You have a technical extension, a longerterm discussion about what greece needs to do. We are talking about 2. 5 billion euros. Wherepeaking in brussels finance ministers are gathering, he says, it looks like greece will need more time. That is more time for the longerterm bailout. There has been a lot of talk about a technical extension. Markets. D calm when we saw this whispered about last week, you saw yields starting to drop on greek debt. There is a little bit of exasperation, franci
After rbi governor takes the market by surprise with a rate cut citing lower energy and food prices. No deal on the line. Blackberry shares reverse course after jumping as much as 30 after the phone maker and samsung deny a report of a 7. 5 billion deal. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. We have just got confirmation that german gdp has come in at 1. 45 . Thats the strongest rate in three years. Its coming in as expected at that moment and the quarterly number shows a big bounce back to around. 5 . It must be hah number. From q 3 which was only. 1 . If we rewind to october when we got it people were fearful that germany and europe was falling into that falling growth falling possibly into recession category and that lead to a big sell off in risk assets. The fact that we can say that germany is growing with friday jillty around it. Germany is the largest economy in europe. A lot of focus on not only the success but the strength in its
Dialogue can contribute and not fashion to peace and prosperity in a very important region of the world. And they can also stimulate and form and other faith public debate on the risks and opportunities that policymakers in washington, seoul and beijing are dealing with. To get us started, we have a distinguished american official who was very much involved in policymaking here in washington and also in the stewardship of u. S. Relations with the republic of korea, peoples republic of china and other important nations in that region. Danny russell, whom ive had the honor of knowing and working with for many years as assistant secretary of state for east asia and pacific affairs. He recently within the last couple of weeks returned from travels with president obama to china, burma and australia. He is going to provide us with an overview of u. S. Interests and policies in the region. So danny, welcome back to brookings and thanks for giving us the view from washington and the view from
For those you have served i0z the government, you know how delicious that is. Jcrp÷ its necessary. We are welcomingczsoy i said in myv u. Remarks, we want to work with nonNuclear Weapon states as well asl fw Nuclear Weapon states and so were at this point open minded about who will be participating. Ihx n also want to sandnc y however that £n hope en,3f . Invigorate the work the p5 because we also think its very important that the Nuclear Weapon states develop some sophisticated simq9 9 ofigfod these mao2. In the last year, we have had success in establishing a pe7zs working group1cfgh that meets in 6rt vienna at the same time that working group b is thevx o÷ Verification Working Group that deals with a comprehensive test treaty and looks at technical verification issues in that i think its fine for the p5 to begin work n focussing on ctbt verification because that provides a lot of veryn Technical Information that can then in the future be broadened out in other directions so the V