Hearing from ibm among others. One economic report the october National Association of Home Builders survey this will give us a snapshot of construction heading into the winter after a strong summer for the industry. All the big stories were watching. A top u. S. Security firm reporting that china actually tried to hack at least seven American Companies in the three weeks since that key meeting youll remember between washington and beijing leaders from the two countries which it agreed not to spy on each other for commercial reasons. Security firm crowd strike said its software detected and rebuffed these attacks. Also, high profile of bribery allegations against walmarts mexican operation found little in the way of new major offenses. The wall street journal says the threeyear on u. S. Investigation likely to hand in a smaller case than expected. Investors did say they found evidence of bribery in india as part of that same program. The retailer is said to likely face u. S. Foreign br
Guy welcome to countdown. Anna welcome to mondays program. Guy will be spending a lot of china talking about xi jinping and his visit to london. At the moment, chinese gdp. Gdp at 6. 9 . That was enough to past on losses pass on losses in the asian equity markets, still in the negative territory. Guy it has been worse. 2009 was worse. The midst of the financial crisis. Its the shape of the curve that will unnerve people. One of the questions we are asking today, you can get in touch with us on twitter, what is the best way to measure chinese Economic Activity . Measures out there set up for a previous year. Guy things like electricity consumption and things like that, is that still the most accurate guide . How do you measure services and china . How does it work . Colleagues at Bloomberg Intelligence saying we need more data. We saw that the crash in the stock market, and some were suggesting services should have been weaker. Guy you can never have enough data. How asian markets are r
Hes confident in the success of ferraris ipo as it is about to be priced at 48 to 52 a share. Japan post shows the ipo at a top end of the price range in a listing that creates a combined value of 65 billion. All right. So here we go. Less than 7 but you know what, 6. 8, not bad. 6. 9 was better than 6. 8 forecast in the worlds second largest economy. The weakest read weve seen for chinese gdp in more than six years. You have to go back to the Global Financial crisis in 2009. However, a number of analysts and economists were forecasting 6. 8, will. Take the 6. 9 and to the good with the bad. People surprised with the positivity there. Overall, a series of down beat data has raised further support measures to prop up the economy. Weak than than expected growth and fixed Asset Investment came in below forecast. Retail sales, that was a bright spot rising slightly above expectations in september. Lets get out to uneunice. She joins us live from beijing. Reporter thanks so much. The 6. 9 i
Sergio marchioni says hes confident in his pricing of ferraris ipo between 48 and 52 a share. Amazon goes after the fakers. They turn legal in its bid to crack down on fake reviews on its website. So here we are kicking off a new week. Wall street, by the way, posting three straight weeks of gains. The implied open on this monday is going to be down. S p 500 down, Dow Jones Industrial down 23 points. The s p 500 looking at marginal losses. Losses priced at 1 3 of a point. The nasdaq is seeing gains of 6 points. Lets get to it. The worlds second largest economy, its not 7 but its 6. 9 gdp growth in the Third Quarter. Better than what economists had forecast. The weakest reading in more than six years. However, the number was slightly better than what analysts had feared. When you drill down into the details, maybe it isnt that strong in china. Exactly right. Lets drill down now because a series of down beat underlying data has raised expectations of further support measures to prop up t
Charge a Police Officer in the killing of an unarmed teenager. We will be live on the ground in ferguson. Welcome to countdown. It is 6 00 here in london on this Tuesday Morning. Not going to rush. That is the message from one of the key figures as the European Central bank speaking exclusively to bloomberg. He says the ecb will look at all the options to try to stimulate europes economies by buying new assets. He told Francine Lacqua that asset purchases would be up for discussion at the banks december meeting. We are ready to do more if needed. We will be watching the situation extremely carefully. We have been discussing it and there is unanimous agreement in the council that there will be situations where we would have to do more. The market interpretation is now you feel more comfortable doing more than you did weeks ago. Is that fair . I think we do remain dependent on the data. We have to watch the economy wey carefully and understand are not going to rush to a new decision with