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We had these purchasing managers indices out of china. Gauge, fiveyear highs the unofficial passion days,n manufacture slipping to 51. 6. The prithe deficit that has from the official one. We have some of these large firms distorting things. Large firms are feeling bullish. So. L firms less tailored toa move shore up the economy. Pboc announcing it will reduce the amount of cash the banks must hold in reserve. The economy where it has been scarce. Its not the only pmis we have had. The few places in asisa, asia, the markets are trading. Most closed for a public holiday. Pmi in japan. Haidi we had the pmi data from the nikkei business morning. We had japanese stocks building on gains. Boding well for corporate warnings in Japan Corporate earnings in japan. We we ending higher and sellingng for seleign for chinese stock g for ringgit stocks down. Is sliding except for the hong kong dollar. They could be under pressure given the ret ....
Lauren breaking news this morning. Are you ready for the drama of the voter rumble with the senate will vote on a budget bill that could clear the way. Cheryl fed chair janet yellen heads to the white house interview for the job shear the house. Will the president reappoint her next year . Lauren and then theres this. Its very strange antibullying ad for burger king. Fbn am starts right now. Train to and it is 5 01 a. M. In new york. Thursday, october 19th. Good morning and cheryl casone. Lauren good morning im lauren simonetti. Cheryl great day. Much in the markets this morning. We are also watching some breaking news. A photo from its beginning today. The senate will vote on a number of amendments before final votes on a budget measure that republicans must pass the fiscal 2018 budget to advance tax reform. President trump pushing for his plane in a meeting with members of the Senate Finance committee yesterday. Will cut the bus ....
Timing right come if we do it too we could derail the theast, both th timing right, if we do it too fast we could derail the entire thing. Mark this is bloomberg surveillance and im mark barton. A pmi for manufacturing and services, that is the composite fromed to 55. 9 in october 56. 7. Economists predicted the measure would drop to 56. 5. Job creation in manufacturing rose to the highest levels since Data Collection started in 1997, reflecting strong order inflows. Service Sector Employment also strengthened. You have got to see the recovery is gathering pace, just as the central bank convenes this week to decide on how to gradually pulled back monetary support. Thee is the euro against dollar. The stoxx 600 is a little bit lower today, down by about 0. 2 . Earlier it was up for the third consecutive day. The bloomberg dollar spot index is rising for the third day, the ....
City, the new wall street week. Anthony we are pleased to welcome former Federal Reserve chairman dr. Ben bernanke. If we were going to talk about the intersection of main street and wall street today, they need each other, is that fair to say . Dr. Bernanke there was this feeling during the crisis, which i understood, that the fed was helping wall street and ignoring main street. We were talking before how credit is essential to the functioning of the economy. If the Financial System collapses, if no credit is available, if there s a panic that runs through the entire system, it is bad for wall street but it means that main street is going to suffer severely. Big financial panics always lead to really deep recessions. Our efforts to stabilize the Financial System, our only goal economy would prosper. When you have ....