This is bloomberg surveillance. Im mark barton in london. Thatme to have a sip of because we have an acceleration to the fastest pace this year, adding to evidence that growth is becoming more resilient. The pmi index, the composition index, rising to 53. 7 in october, from the 52. 6 in september. This is the fastest pace since the beginning of 2016. The recovery continuing at a steady if not spectacular pace in the face of headwinds from brexit, slowing trade, political uncertainty. Ecb supporting the economy with unprecedented stimulus that will come under review in december. Just want to show you whats happening to the markets today. The stoxx 600 trading higher. Last weekend it rose for the second consecutive week. Best run since september. Last weeks rise was the strongest in a month. Byres the euro stoxx 600 up 0. 75 . The euro is a little bit up now. Track force march, on the worst fourth weekly drop. It is all about divergence because the u. S. As many think is set to hike rate
Profitability. It all comes down to cost cuts. Hsbc heading annual cost of bout 5 billion. Jonathan he had a bit of a message for the bank of england. Alix and it come downs to the Retail Banking sector. Were going to have a big interview in the next three hours, talking commodities with the new man in charge over at oy tinto rio tinto. You look at overall at the arkets, it seems to be a risk. Jonathan s p 500 futures marginally negative. In europe, its the ftse 100 thats soft but no drama. Hsbc stands sure leading the gains. In the f. X. Market, this is the one to watch as the cable rate against the u. S. Dollar ahead of the bank of england decision. We are positive on the day but we trade at 39. 78. And ahead of pay rolls friday, ahead of the bank of england decision on thursday, yields coming in on 30year treasurys and off 30year gilds as well. Alix time warner increased its full year outlook and a 10 investment in hulu. You can glean it beat on earnings coming in at 1. 29 a share b
Capitol just wrapped up, it will be able to help over a dozen women who say bill cosby assaulted him. Jacket award is in the newsroom of the details. The issue was raised after the bill cosby scandal. Some of the alleged crimes will go on prosecuted because the statute had expired. They wanted to change that to end and road built 80 yearold helen hayes ofs is the coldest of more than oldest of more than 50 women who accuse cosby of some form of Sexual Assault, she was 38 when she met cosby and went because of the statute of limitation for Sexual Assault is a decade in california, she cannot file charges against him. A victim is only allowed additional time to come forward if dna evidence is found. If i were 19 i wouldve said oh, build your so silly, but at 38, i said what the everything do you think youre doing. Its carry i think, i think he left and said have a nice dinner, lady and i never saw him again to this day. The statute of limitation exists to protect defendant. Thats why som
It is a thursday in new york city. Im Erik Schatzker. Im stephanie ruhle. Lets talk about wall street. Times it be the best of and the worst of times at the same time . That is the question for wall secondquarter earnings season winds down. Quantitative easing is still crimping profits, new revenue is still scarce, but most of the big banks are lending more and cutting costs. Our contribute in editor with us andskype says it is a paul miller is with us from greater dcaa paul, i suspect you are not so inclined to agree with bill. Do you see positive signs . We do see positive signs. I went into the Second Quarter thinking more pessimistic than i should have been, that there are some signs of lending going on. The margins are still very skinny, you have some liquidity out there. Jpmorgan said utilizations are up two Percentage Points from the first. Wanted to dou skype only because you know i disagree with you on this golden age. But lets talk about fixed income. Fixed income numbers are
Bet is for gamblings future. Carmines a restaurant. They have changed the landscape of family dining. I will talk to the chief executive of the 100 million restaurant business. From, lets get headlines carol massar. Ebay out with earnings after the close. Outlookany had a sales for the Third Quarter that fell shy of estimates. Revenue in the current period will be between 4. 3 billion dollars and 4. 4 billion. Lots of numbers. Meantime, yum brands posted a secondquarter profit that trailed some estimates. Sales falling at its pizza hut chain. Lower in the afterhours trade. Las vegas sands reported secondquarter sales and profits that missed estimates. The Worlds Largest casino operator saw gambling slow in macau. The stock is lower in the afterhours trading. Thanks very much. President obama is set to speak in a few minutes on ukraine and u. S. Foreignpolicy. The United States has imposed sectoral sanctions on some big russian banks, some Energy Companies, as well as individuals, inclu