Gold, crude moving lower this morning. The dollar setting some new highs. Just now, jobless claims rise to the highest levels since june. Poised for a higher open, lulu lemon beats on the top and bottom line. Raises forecast for the rest of the year. Another retailer trying to regain its cool. More from target, as well. The exclusive interview we just mentioned, that newly minted chief of sprint will sit down with favre. Oil prices falling on worries about growing supply, International Energy agency lowering its oil demand forecast. This on the morning after the president delivered that primetime address outlining his strategy for combatting the threat from those islamic militants, including american air strikes in syria. This Counterterrorism Campaign will be waged through a steady, relentless effort to take out isil wherever they exist and support for our Partner Forces on the ground. This strategy taking out terrorists who threaten us while supporting partners on the front line is o
Across the beat. French advertising publicis buys safient in an allcash deal and shares trade lower in paris. And proctor and gamble is accused of tax fraud and production is halted. Youre watching Worldwide Exchange bringing you Business News from around the globe. Good morning, everyone. Lets get straight to data points. The eurozone manufacturing pmi for the month of october, that has expanded slightly slower than first thought last month with the number of 50. 6. E were expecting a number of 50. 3 so that is slightly better than forecast, but still lower than the flash number that we saw. Well get to some commentary from the market this morning. Again, the eurozone manufacturing is slightly slower than first thought. For the discounts out the factory gate failing to drive up new orders, this is according to market, a second month of price cutting alongside tend expansion in germany. And we got the individual numbers for france, germany, iti italy. In france it slow ed at the sharpe
Retailer tesco to announce it overstated profits by over 400 million. The g20 finance ministers are wrapping up meetings in australia saying they are close to adding an extra 2 trillion to the economy, but the group is warning that europes slowdown remains a major stumbling block. And it is playing out if we take at what is happening with the u. S. Equity futures. Right now the dow futures are down by 28 points below fair value. The s p futures are up by 7 points. Although, andrew, this is an improvement from earlier this morning. Yes, it is. Thank you for that. As joe was telling us, it is a merger monday. Its already shaping up to be a busy monday for deals. Just crossing the tape this morning, germanys merck buying sigmaaldrich. That company is valued at 17 billion. Thats a huge deal. We have both executives from both companies to join us first right here on cnbc and well have that interview at 6 40 a. M. Eastern time. Also, it is official, siemens is buying u. S. Oil field maker dr
Pit bulls parolees, uhhuh but first midterm selections are fast approaching and there may be a tendency to dismiss them, ignore them, think them insignificant to. Stand outside midterm polling stations shouting in a mainly scar cass sarcastic phone, look he at the voting kid, how is the voting going, votey. Well, it turns out, youre 9 jerk. Right now every seat counts in the fight for control of the senate. Republicans need to take just six seats away from those democrats. Its a highstakes election year. There is so much at stake. The stakes this year couldnt be higher. The stakes are stunning. Jon they are the most beautiful stakes ive ever seen. laughter jon i offer you 1 million for just one night with those stakes. laughter so just a few races will decide who run congresss upper housement and they are the subject of tonightsed race to get filibusters. Now perhaps the one person who stands to benefit most from shifting Senate Control is Current Senate Minority Leader Mitch Mcconnell
S p futures down by just over 3. 5 points below fair value. Take a look at whats been happening with oil prices. Yesterday, crude oil settling at an eightmonth low. That was the lowest settlement this year. You can see theyre down once again this morning. Down another 46 cents to 91. 71. Take a look at whats been happening in the treasury market. The tenyear note at this point looks like it is yielding at 2. 516 . That had been the highest close that weve seen all the way back since july 31st in terms of the yield. The dollar this morning, at least at this point, looks like it is down against both the euro and the pound. The euro is trading at 1. 292 up against the yen at 106. 92. If you take a look at whats been happening with gold prices, under pressure despite what weve seen in terms of geopolitical concerns. Gold is down to its lowest level this year. 1,246. 60 an ounce. Andrew, ill send it over to you. This will be the first of the companys sales since last november. Lots of quest