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francine: welcome to the pulse . i am francine lacqua. manus: i am manus cranny. next 40 course of the minutes, we are joined by unicredit chief, it is erik nilsson in the house. francine: first, china stocks posted the biggest two day climb. manus: it rallied on news the government is considering shipping two major companies. francine: after data shows a large drop in it worse last month with the steepest decline in nearly six years. curranef economist enda joins us. what do the figures tell us about economy? enda curran: a very soft reading. some of china s biggest customers. illustrate how soft china s economy is when you strip away the impact of the big stockmarket boom we had in the second quarter. left with a lot of sluggish areas like manufacturing and factories and real estate sector. car sales falling for the first time in 17 years. to one ofn on exports the big engines of growth for china. into the second half of the year, pretty sluggish outlook right now ....
we suddenly saw the shanghai composite end in the green amid speculation about whether or not we would see more stimulus to come. monetary policy quickly kicked in. will bewhat juliette talking about in a moment but in europe are still concerned about the commodity index. bloomberg tracks as the lowest since 2002. the selloff is continuing. look out for those big oil majors today, and glencore after they came out with their numbers. the dax is now opening 9/10 of a percent down. stop buyingtime to these chinese stocks like the luxury good makers. have the fundamentals in china changed that much? and they have pricing power in china maybe is tryinime to analyze whether it s good to buy. we are opening on a downward as greece goestory to the last stages of its marathon to get this third bailout. this is 86 billion euros. we know that germany will be starting a debate around about now, and then we have the dutch deals. most of these deals will go through let s have a l ....
economics, finance, and investment but is america exhausted by a stunning game last night? it will truly get super bowl ratings. francine: well. politics, sports has been amazing. government british is bracing for a court ruling in the lawsuit challenging brexit. in about an hour three judges will roll whether theresa may can begin the u.k. exit from the european union without permission from parliament. wasish parliament overwhelmingly eu. egypt has taken the unprecedented move of letting its currency trade freely. the measures move egypt closer to getting the $12 billion loan from the imf. federal reserve policy makers have telegraphed their intent to raise interest rates. the fed says it needs only some further evidence that employment is on track before hiking the rates. what they do not know is what impact next tuesday s election will have. our kids priced in an 80% chance of a fed move next month markets priced in an 80% chance of a fed move next month. the repo ....
stunningly, an american who served in afghanistan. this is what we know right now. authorities have identified mica johnson as the sniper who pulled off the worst attack on law enforcement since the 9/11 terror attacks. that s him on your screen. at this moment, police are searching the home of the 25-year-old. he lived in a dallas suburb, here s an aerial shot. investigators coming in, going out of the house, he and three accomplices, one a female, coldly picked off police officers during a peaceful black lives matter protest last night. authorities say johnson told them, as they were trying negotiate, he targeted police. that s him. as you see in the highlighted area. calmly leaning behind a pillar and taking shots at police out of, quote, revenge for two killings of black men by police this week. you see him in the spotlight as you see firing away, he eventually after negotiations broke down was killed by a police-controlled robot with an explosive device on it. poli ....
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