Raises its return guidance. Heineken brews a profit with the dutch beermaker hiking dividends, but warning of an uncertain outlook. The kind of pricing we are taking are, you know, incidental we want to be cautious in the near term. Demand weakness hits chinas Manufacturing Sector as factory shrinks in july. Good morning happy monday to everybody watching the show. We are getting the final pmi numbers for the month of july. We had them at the single country level in the last half hour now the aggregate number at 49. 8 versus 49. 62 a significant decline from where we were back in june at 52. 1 this is at a eurozone level, but on an individual level, declines in each country. Germany and france mainly leading the declines in manufacturing. Notably to point out we are now below that 50 level which typically indicates contracting territory and one signal for a declining Economic Activity in the coming months. The pmi manufacturing numbers coming in slightly lower than the flash reads. We
How theyre doing at the end of year. I have to tell you, the bubblicious crowd, they were at the top of their game today. Top of their game earlier this morning. When the market looked really soggy only to work its way back on the strength of some better than expected earnings. Allowing averages to rebound before pulling back at the end of the day over worries about a step up in syrian strife. Finish in the red. Dow dipping 73 points. S p sinking. 3 . Nasdaq declining. Im not going to say the market is too high. Thats not the way i think. Thats not the mad money ethos. See, the market is made up of stocks. A ton of stocks. Some of which can be very overvalued and be bubblicious at a given moment. And others, well, they actually may be undervalued at the same time. We witnessed whole markets be completely skitso. Look, take 2000. While the nasdaq was riddled with dotcom bombs and going from 5,000 to 2,000, whatever, kept plummeting, the zch excluding tech turned out to be cheap. Same ma
Need the market to come down so they wont look so stupid when they tell their investors how theyre doing at the end of the year. I have to tell you, the bubblicious crowd, they were at the top of their game today. Top of their game earlier this morning, when the market looked really soggy, only to work its way back on the strength of some better than expected earnings. Allowing averages to rebound before pulling back at the end of the day over worries about a step up in syrian strife. Finished in the red. Dow dipping 73 points. S p sinking. 3 . Nasdaq declining. 28 . Im not going to say the market is too high. Thats not the way i think. Thats not the mad money ethos. See, the market is made up of stocks. A ton of stocks. Some of which can be very overvalued and be bubblicious at a given moment. And others, well, they actually may be undervalued at the same time. We witnessed whole markets be completely schizoid. Look, take 2000. While the nasdaq was riddled with dotcom bombs and going
Amboys. The wind blowing away here as it makes landfall 50 miles plus or minus from Atlantic City. Its so difficult to get your mind wrapped around the potential for this storm, and weve been watching it for days and days and days. Its going to be an 80mileanhour storm as it makes its way onshore. It wont move much for 48 hours. If its raining, it will continue to rain. If its snowing, it will continue to snow. If its blowing, around it will everywhere, trees are going to continue to blow down. As the trees blow down, theyre not going to be able to put line crews in the way 69 wind to put your lines back up. Once your power is out, its going to be out for a couple days no matter what. When its done, its done. Chad, stick around. Chad myers is going to help me out throughout the hour here. Were going to be here obviously until this is over. We may be on the air live here from this Vantage Point until midnight so chad myers, thank you very much. I want to tell our viewers, chad is not pl
Good morning, everyone. Im christi paul in for randi kaye. So glad to have your company. 10 00 on the east coast. 7 00 on the west. I want to begin with suhurrican sandy, which has regained strength. One area thats really starting to feel the effects is the coast of North Carolina and thats where we have George Howell. In the last couple of hours, have you seen conditions change there, george . Christi, good morning. Were starting to feel a little bit of the rainfall from this system. A lot of that rainfall has remained offshore, but here where we are along the outer banks, we are in position to feel those first bands as they move closer to shore. Also the winds are picking up out here. The winds have been right around ten to 20 Miles Per Hour, not too bad, but that situation will change and the best evidence of that just take a look out there. You can see whats happening there on the waters, getting rougher and rougher as the storm moves closer to us. Right now, this area remains unde