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Ahead. Well tell you how to cash in. And alibaba is surging as amazon stalls out but we want to know which is the better buy the action begins right now. Lets get right to it car stocks have been on fire ford, general motors, both up 5 avis is up 15 while hertz is up 22 . Is is it too far, too fast mike yeah, i think it is a little bit. Im not sure, maybe some optimism coming from the fact that theres going to be some car purchases related to what obviously the disaster going on in houston but the fact of the matter is that the secular head winds for the rental Car Companies and major auto manufacturers remains in tact. Even know with the stocks having done well this week, multiples tell you this. You wouldnt see them trading at sempb, eight, nine times earnings i think they believe well maybe hit pique. I typically agree with mike and carter theyre smarter than i am. Look at ford over the last three and a half, four years series o ....
Making the case for why conventional television isnt going away, not so fast, and why cord cutting isnt such a big deal keep that dial tuned here because power lunch is beginning now. Any gains by the major three averages would give them record closing highs, energy is the best performing sector today thanks to oil, crude, in fact, topping 50 bucks for the First Time Since august 10 Tenet Health Care shares soaring. Reporting the company is exploring a possible sale. Michelle got it melissa, thank you. Heres what else is happening. The federal trade commission is opening an investigation into the massive breach at equifax. The companys ceo is set to testify on october 3 before the house energy and Commerce Committee and the chairman of that panel will join us in the next hour on power lunch. Equifax stock sittin ....
You are welcome to the pulse live from london. I am manus cranny. Breaking news on the eurozone. The whole of the manufacturing for the eurozone comes in at 52. So that is a pulmonary reading. Tha a preliminary reading. A little bit of a drop for spain. Germany disappointed before he came to air. Dont be fooled. Analysts say it will make it to 1. 20 by early next year. That is the state of play on the eurozone. Manufacturing. Lets talk about one other country it is china. More evidence this morning that chinas stimulus measures may be working. The word is stability. Figures show that manufacturing stabilized in the last month. 5 trillion wiped off the chinese stock markets. Mark . Mark china closed for a week. The chinese stock market, still chinese data continuing to set the tone. Is the chinese economy stabilizing . Yes, the additional gauges below the 50 level but it was above estimates, an improvement on the previous month. Which is leading some to say that those rate cuts in novem ....
That is higher than the last time they did this, which everybody almost passed. A few banks went bust after that. This will bring credibility and the benchmark at six percent is something that has not been finalized that will be argued on lobbying for credibility. Content. Sugar content is next. That will be a next story. A real diversifying company. 16 week sales up 14 . Sugar, revenue down 28 . A 42 month low. Couldhe next decade, you see a structural demand issue, just as the politicians are trying to declare a war on sugar. Something you and i can talk about. We could see the stock fall anywhere up to 4 . In johannesburg trading. China, china, china. Sales decline. They are not sending as much jewelry. Cartier, the demand is not there. We have quite a lot of news today. We have Corporate News and richemont, and we have the car sector as well. What else . Wereose car numbers stunning. As we go onto the morning, we are going to ....
Bloombergs European Headquarters right here in london. Im guy johnson. Im francine lacqua. Also coming up, ever wonder what it is like to be a high roller in vegas . We look at the incredible perks and give you access to the most exclusive casinos. We begin with the latest twist in microsofts search for a new c. E. O. Erikssons vestberg is said to be a candidate. Another one added to the mix. Vestberg is still his 40s and driven. Im told he is motivated. He is young and p. R. Savvy as well. He gave the keynote speech at the conference back in 2012, the Consumer Electronics show. He is a scotsman. A handball player. Hers are elop of nokia also going to need body contact and fast hands to be able to move and direct microsoft into growth. The company is in the middle of this huge organization. Whoever takes his job is going to have some very tough challenges ahead. ....