First time since the lockdown in march. Michael mckee joins me now. What was your biggest take away . Michael if you are going to manage the virus better than the United States and their economies are opening up faster and stronger, which seems to be the case looking at the pmis. We got manufacturing and we got services, and all the Major Economies in europe are in an expansion. The move in italy particularly notable, above 50. Some down from preliminary expert, estimates, what they are the composites tell the story, all above 50 and they have all grown. The highest level in two years for the eurozone composite, there is some strength in the economy. They have not been hit as hard with the second round as the u. S. Has. Has moveds well solidly into expansion territory. Compare that to june, where contraction was the rule but services and the composite above 50, 57, a strong number. U. S. Versus isms, who is winning . Michael europe is winning. It is not expanding as fast as it appears.
[applause] all right, thank you cpac. Im sorry the agenda is so lackluster this year. Were going to hold until later in the program. How about mike pompeo . Doing okay . More importantly, how about my mom . She doing okay . Jared, its going to come as a complete surprise to you that cpac is a bit of a family affair, you know somethingabout this . Thats why we had a hard time getting a quorum in the white house is because everyone is coming to cpac. You could have had a Cabinet Meeting here and cut out the middleman. It was that we had john senior backstage, laura trump , laura brad were on the stage a few minutes ago. Did you guys enjoy hearing from brad pascal . There was a genesis moment in the trump for president effort. You were there at the beginning of all this. I think everybody would love to know what it was like at the beginning when Donald Trumpsaid i think im going to do this. That was one of the more interesting parts of my relationships , i have to say for the whole family
The house is about to gavel in for speeches and will recess before returning briefly at 2 00. Now to live coverage of the u. S. House here on cspan. The speaker pro tempore the use will b order. The chair lsore thhouse a communicatn fro the speaker. The clerk e spees rooms. Washington, d. C. Tober 28, 2019. I hereby appoint the honorab dwight ans ct as speaker pro tempore this y. Signed, nancy pe sentates. He speer pro tempore rsnt to e order ofhe ouse of january 3, 2019, the chair nowcognizesembers from lists smitteby the joritand minority leaders fo morning houdebate. Th cha will alterne recognion between th pares all timehall be eally allocated between parties, and in no eve shall date continue. Each member other thathe mari and minority leader and minority whip shal b miteto five minu e chair now recognizethe ntlen fromas r five minutes. The ntleman is recogned ker, i r to regnize dr. Daniel p. For his service to the Rio Grande Valley and state of texas. Dr. King is a proven leader
Cautious, they will move out of less liquid risk assets such as oil first. We are seeing it here for the official correction in seven days for oil. As for that ism print and why investors may be so concerned that could be bearish for stocks and they selling stocks are rapidly, take a look at this chart in the bloomberg going back five years. In blue, the s p 500, the eisai manufacturing. We are seeing it as the weakest since 2016. Stocks levitating toward those alltime highs. Not able to move past. Take a look at manufacturing. The lowest level in 10 years. Investors may think there is going to be a meeting between these lines, which could be bearish for stocks. Some investors betting on the idea of 2700. All sectors and most stocks are joining in. Lets take a look at some of the biggest laggards on the day. We will see apple, alphabetic, highquality names being sold off. Also the materials and industrial space. Confirming all of this, and is for haven bonds. For haven bonds. The yenyi
Negotiator in peace talks with the taliban is to testified before congress i meet questions over Donald Trumps decision to shut down discussions with the tara group and then time the talibans urge the president to return to the new go that is a behind it it really you can ask the were cochran but if we are still im committed to the league wish issues reese the that it to i would started and i will only see from this study militant one the sun was low but they did this Mood Solution for of off want conflict except it was shushan and and except the piece on the table saw we dont want to revitalize be the book do it to the im stuck dung the his the i mean the smooth in heat from a back to where we have i want to be worked just the sign of the after of the and fact you could be of to me to go to know the go talibans frequently responsible for terrorist attacks across afghanistan in the latest incident at least 4 local troops were killed 3 injured when a suicide car bomber targeted a milita