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Across this nation and worldwide. In morning on bloomberg television. Coming up, an important conversation with the vice chairman of the Federal Reserve system, Richard Clarida of columbia university. Jon, were way out front on the collapse of the United Kingdom suffered on the pandemic. But the bombshell you and i didnt see was the Prime Minister taking this Natural Disaster out to march of next year. Jonathan and maybe beyond. We certainly didnt see that in march 2020. We had three months of happy talk around europe versus the u. S. Many people have come on the program and talked about it. The data is not great either this morning. The service data softer than people expected. Manufacturing data ok. Do we ....
Commission into the financial industry, the bid for say it it is vital tosay it rebuild public trust. Rishaad a range of new sanctions with chinas xi jinping. Di and the white house the administration can influence the bank as few have ever before. Straight to breaking news we have got some from china now. Stronger than expected for manufacturing. 51. 8. Looking at 51. 7. Manufacturing. R nonmanufacturing pmi summer than octobers number, 54. 3 pmi for november. 50 is the breaking line between contraction and expansion. Been faster than had expected by the economists cured perhaps the readthrough of this faringchinese economy is better than expected. Stability being a watchword. Better than stability. We have something and can do stability pretty good. That is what we have a moment. Let us see what has been going on in the south. Range itscted to benchmark rate for the first 2011. Ince t Stephen Engle is in seoul for that centralban ....
European banking and their struggles but a lot going on across the commodity space as well. I am stunned by the gloom among the pundits in the last few days. I honestly can say i have never seen it. Each of them has an interesting shade and color. We will have some optimistic push optimism to push against the gloom. Francine when you talk about gloom, i know in davos, any ceos were optimistic and there is a reshift. Lets get straight to the bloomberg first word news with vonnie quinn. Consumer prices in china keep rising although they are still below the governments target price. It is the Third Straight monthly increase. Food prices with a big reason. Investors want to know exactly what the and come and president does incoming president of the philippines will do. He was elected with 39 of the vote and campaigned on a platform of fighting crime. He has sustained Investor Co ....
Of course youre looking at the lire in turkey. Tom we start with american job economy. What i noticed by the time were done with surveillance we may get to a 3 yield on the u. S. 30year bond and would be a big deal showing the higher yearold environment and the optimism about september. Francine looking at the u. K. Manufacturing data we had from this country an hour ago and made it that more interesting that we hope to understand better how mark carney looks at inflation and thats superthursday this thursday. Tom did you survive halloween . Francine i did survive. I didnt dress up. Im so european. Tom i went as david gura. Francine lets get to david here with bloombergs first news. David . David a surprise win for president erdogan. His party defied the polls and swept back into office in the parliamentary elections and strengthens erdogans 13year grip in power and the majority gained in the elections they lost and turkeys benchmark index rose 5 . There was another surprise, euro area ....
President obama said there are larger issues to be resolved and they wont be fixed by throwing bottles or breaking car windows. He spoke last night. The situation in ferguson speaks to broader challenges that we still face as a nation. The fact is, in too many parts of this country, a deep distrust exists between what enforcement and communities of color. According to prosecutors, the most credible witnesses told the grand jury the teenager Michael Brown charged that the Police Officer just before he fired the fatal shot. Turns out that chuck hagel did not put up a fight with president obama asked him to resign as defense secretary. One pentagon official said he was ready to go anyway. White house officials disagreed with hagel over policy. Hagel was frustrated with the white houses management style. None of that came up when the announcement was made yesterday. It has been th ....