Narrowed the avoided entering a technical recession economy grew by point one percent in the last quarter surprising analysts whod expected stagnation it would feel as europes economic engine was headed for a recession off the growth slowed in the 2nd quarter its borderline germany has struggled as a result of the u. S. China trade war and slowing global demand. Was a joins us from the economic effects achieved in munich what is the problem here we have full employment order books a full life is good. Duff the German Economy currently has 2 faces for most of the people i would say that life is definitely good this is the case for those who are working in the more domestically are sectors of the German Economy that this in services in the retail trade or in construction this is the part of the g. German economy that is currently doing well on the other hand the situation is quite different in manufacturing where production is shrinking for more than a year now and here in this part of t
Qualcomm a downgrade at Morgan Stanley saying basically the underpricing has gone away, that qualcomm is pretty well priced at this point. Walgreens is a interesting one because there may be a bid out there according to people familiar. Walgreens is getting a bit and barons over the weekend mentioned Warren Buffett. Todays story were reporting is k. K. R. Will make a bid for walgreens. Guy alibaba set a single day cord, its a value record of 268. 4 billion yuan hitting the bloomberg terminal the last couple minutes. Showing you what European Markets look like, light volume on the other side of the atlantic due to veterans day, bond market closed and European Market is flat and the london market is down but pound is up. 7 . If you look whats happening with the havens, vonnie, gold trading down by. 6 of 1 . Vonnie protests in hong kong intensifying as Police Fire Tear gas after the shooting of a protester increased tensions. Carrie lam addressed protesters saying violence could leave hon
Key read on manufacturing in the next hour. Plus, streaming wars, apple launching its tv plus platform today. It is the latest volley in the original content battle between media and tech giants. And pinterest plummeting, losing a third of its value since peaking in august. And the Growth Strategy for starbucks, Kevin Johnson will join us first on cnbc this hour. Lets get to the jobs number, october payrolls well above expectations at 128k despite the gm strike. Unemployment goes down goes up to 3. 6. Wage growth 3 from a year ago jim, hard to find things to quibble about this month im going to come back and say youre going to have a the beginning of cracks in manufacturing. There is still two economies the twothirds of the economy that is consumer is doing very well the other third is not doing well and we can i dont know how long we can go with only twothirds i think pretty long. But when you if if they shut down boeing 737 max, youll see very different numbers i just think these num
Of impeachment still hangs over the president. He releases the ukraine transcript. Shery lets get a check of how markets close. As you mentioned, we saw impeachment drama play out in washington. That weighed on markets a little bit, but there was more optimism for potential trade deals, not only with china, but that limited trade deal with japan also boosting market sentiment. We had the s p 500 gaining. 6 , to stop a threeday decline. Banks consumer stocks, leading the gains. Also tech stocks, nasdaq gaining 1 . The Energy Sector was unchanged in the session. We had crude following for the last two sessions. At the moment, opening higher, up. 3 , but Still Holding at that 56 a barrel level as we heard from saudi arabia that they are ahead of schedule in restarting operations after drone attacks on their facilities. Futures at the moment not doing much. Lets see how we are setting up in asia. Hintingasia futures are at a risk on start to the session, but emergency currencies may come u
Touched off a firestorm and ultimately led to the judges recall. Your honor, if it is all right, for the majority of this statement, id like to address the statement directly. Write in open court and now for the broadcast interview, it helped usher in the meet you, movement. Shoes provided leadership already come even without identifying herself. But when people come forward and put their name to an issue, they are essentially exercising personal leadership. She says shes willing to be identified with this part of her history, and obviously has an interest in telling it from her point of view. Miller graduated from Uc Santa Barbara and lives in San Francisco now. She is not only telling the truth on tv but also in a book entitled know my name. A professor who worked closely with miller during the case says the books help cement a case against the judge and help with the impacts of the sex assault five movement. I think its really important to remember that her case is not unique. Exper