Billion takeover. And a judge rules that uber drivers should be treated like employees for a moves that could have implications for the taxi apps Business Model and the sharing economy. In august, it could easily become a storm in september. That was a word from trading floors yesterday. A big sell off overnight on wall street but here on wednesday were looking at the wall street could see a rebound. The dow up 112 points. Has the tack up 38 in premarket and the s p 500 higher by 12. Lets just show you how markets performed on the first day of september. It was pretty much a blood bath. The dow jones losing 469 points. The worst start to the month of september since 2002. Being weighed down losing nearly 3 and the tech heavy nasdaq once again getting hit by shares of apple. Well below 5,000. Closing lower by 3 in yesterdays trade. Now here in europe it was that disappointing data out of china and the drop in Commodity Prices that sent period stocks lower in yesterdays trade as well we
Billion takeover. And a judge rules that uber drivers should be treated like employees for a moves that could have implications for the taxi apps Business Model and the sharing economy. In august, it could easily become a storm in september. That was a word from trading floors yesterday. A big sell off overnight on wall street but here on wednesday were looking at the wall street could see a rebound. The dow up 112 points. Has the tack up 38 in premarket and the s p 500 higher by 12. Lets just show you how markets performed on the first day of september. It was pretty much a blood bath. The dow jones losing 469 points. The worst start to the month of september since 2002. Being weighed down losing nearly 3 and the tech heavy nasdaq once again getting hit by shares of apple. Well below 5,000. Closing lower by 3 in yesterdays trade. Now here in europe it was that disappointing data out of china and the drop in Commodity Prices that sent period stocks lower in yesterdays trade as well we
Eurozone for this month. Were looking at it coming in higher than the expectation. Yes. So the december the december composite pmi flash estimate was forecast at 61. 5 and it came in at 61. 7. So a tad higher than anticipated. Were looking at the euro trade slightly higher against the u. S. Dollar right now at 1. 2487. But we should give you the full picture, which is that the euro has appreciated against the u. S. Dollar by around 10 this year. But again, better than expected manufacturing data helping against the euro slightly. Good morning, by the way. How are you . Wonderful. And you . We were together on the show a couple weeks back. A pleasure. Yeah. The german pmi data, the lowest since june of 2013, 51. 4 for the month of december. That broke about a half an hour ago, Something Like that. Its still in expansionary territory, sort of above that 50 level. But weve now seen it at a lower rate, Something Like so, again, we are looking at a pretty low level with regard to these pmi
That could have as much effect as mr. Cummings just said on future generations. Yet how little attention it gets when we actually do our job. Especially on a subject like there. I think it is appropriate at times that we all rightfully argue about how big or small the federal government should be. But i think we all share a common belief that whatever side the government should be, the dollars that we spend, we need to make sure are spent wisely. And one of the things i want to again commend you and the Ranking Member on, as a former governor, often the difference between a governor and legislator was a legislator thought the job was over once the bill was passed when in actual ality, it is the implementation is where the rubber hits the road. And hearing what both of you have said and i know my friend senator portman shares this as well, we will keep common cause to make sure that implementation takes place in a timely, effective and efficient manner. As we went into some of the last
But i think we all share a common belief that whatever side the government should be, the dollars that we spend, we need to make sure are spent wisely. And one of the things i want to again commend you and the Ranking Member on, as a former governor, often the difference between a governor and legislator was a legislator thought the job was over once the bill was passed when in actual ality, it is the implementation is where the rubber hits the road. And hearing what both of you have said and i know my friend senator portman shares this as well, we will keep common cause to make sure that implementation takes place in a timely, effective and efficient manner. As we went into some of the last hours of trying to get there bill signed off on and this is as much the administration itself and certain particular agencies and resisted the time line that we are putting forward. Again, i think it was a tribute to you and Ranking Member cummings and those of us in the senate as well to make sure