We kick off three hours with the euro son Flash Services pmi, 5. 7. A little weaker than consensus. Lowest since july 2009. Business expectations 48. 6. Manufacturing manufacturing pmi 46. 2. Composite pmi as a result 45. 8, which is pretty him bang in line with the reuters poll. So Service Sectors worst since july 2009, decline in manufacturing eased a little bit more than expected in november. Joining us, chief european economist. Ricar ricardo, thanks for joining us. So still a negative territory. What does this point to in terms of the economic decline for the Fourth Quarter . I think its in line with the idea that real sgchlt dp will decline by at least 0. 2 , possibly 0. 3 . It will give us a negative entry point in 2013 when i expect an average growth of minus 0. 2 . So still moderately recession territory. The german flash composite pmi 47. 9, services 48, manufacturing 46. 8, is germany we just saw the 0. 2 print. Is girl aermany going to have a negative contract . Im looking
Banks in europe. We have not made sufficient progress. Shares in Alcatel Lucent fall for a second day as the government ramps up the pressure. The Prime Minister urging management to revise its plan. Youre watching Worldwide Exchange, bringing you Business News from around the globe. Okay. Very good morning to you. Very good afternoon. If youre in asia, this is wednesdays edition of Worldwide Exchange. Its hump day, lots to get through today. Of course. And were going to hear from president obama who is going to nomiNate Janet Yellen today to be the next fed chairman b, replacing ben bernanke whose term ends in january. The president is expected to make the announcement at the white house at 3 00 p. M. Eastern, an hour after the latest fed minutes were released. Yellen was appointed as vice chair in 2011. Shell be the first woman to lead the Federal Reserve in its 100yearround. Joining us for the show today, ricar ricardo. Everyone seems to be quite pleased. Is she the most qualified a
Hello, unprecedented security at the big game. Thats a live shot of times square and metlife stadium. Law enforcement officials locked in, saying the next few hours pose the greatest danger. And tracking everything being done to block an attack. Good morning, pierre. Fworgood morning. This is the biggest event. This morning, its a fortress, but for the nest few hours, turning to the softest, most vulnerable target, fans streaming to the super bowl by mass transit. Travel big subways and trains. Specialized units will be checking anyone with bags. At this staging area, bombsniffing dogs and sophisticated radiation and xray machines scan for explosives and weapons for every delivery to the big game. Food, everything . Even seat cushions. On the waters today, teams looking to protect the people in the fan zone in times square and the super bowl. There are even super sonic f16 fighter jets to protect against threats in the sky. I saw firsthand when i suited up to train with the new Jersey
Emily flitter. How are you . Im great. Im really happy to be here. Well, its with the pleasure of reading the white wall. How big finance bankrupts black america. And i will tell you, i will never walk in a bank the same way again. I dont think anyone should. And i actually i really wanted first start off with the question that people usually end with. But who was this book for . Because i got mixed signals on that. Some of it was seemed to me for bank professionals, some of it for black consumers in general. Who is this book for . Well, i certainly didnt want it to be a warning for black consumers, because i dont think im surprising anyone whos black in this country. I think that and ive been hearing since the book came out that the book is describing experiences that are very common. And thats why i wrote it. So for people who have gone through this, i hope its validating. For people who havent gone through this and who either work in the Banking Industry or in the financial industry
Shum mer. And there is a pause on a Johnson Johnson vaccine due to blood clots. But the state has rested their case in the Derek Chauvin trial and the defense has begun to call their witnesses. Lets listen in. I gave it to them, man. I gave it to them. Yeah, i gave them my name. All right. Stay put here, okay. Okay. Stay further back. What is your name . Shawanda. What is your name . What is it . William ricardo. Ricardo, all right. Okay. We will figure it out. What you are watching is video from one of the cameras. It looks like either the street camera or witness camera from a day outside cup foods. Lets watch this video and we will explain it on the other side. Who gave it to you . I dont know. Extra change or something. He came by [ inaudible ]. He told him to come back in that store. But he was talking yeah. [ inaudible ] [ inaudible ]. Mr. Ricardo, how are you related to floyd . How do you know him . He used to do Security Work at salvation army. How do you know him . I dont know