A bounce in the eyes and Services Data out today in order to save the market but today the i sense that his readings on the u. S. Services sector fell last month to its lowest level since august of 2016 coming in at 52. 00 expectations of 55. 00 Service Oriented companies employ the vast majority of americans and registered the weakest growth in september in 3 years business production new orders grew more slowly and employment levels were essentially flat so between the 2 numbers now the param surveys clearly point to a sharp loss in momentum the Services Side is much larger than manufacturing accounting for about 80 percent of the u. S. Economy manufacturing only makes up roughly 20 percent so many analysts came out and they didnt place too much emphasis on the manufacturing numbers earlier this week and they were overly dismissive of the weak reads these said that the market shouldnt panic yet manufacturing doesnt amount to much and Services Matters more. More and thats actually sti
A bounce in the eyes and Services Data out today in order to save the market but today the i sense that his readings on the u. S. Services sector fell last month to its lowest level since august of 2016 coming in at 52. 00 expectations of 55. 00 Service Oriented companies employ the vast majority of americans and registered the weakest growth in september in 3 years business production new orders grew more slowly and employment levels were essentially flat so between the 2 numbers now the pair of surveys clearly point to a sharp loss in momentum the Services Side is much larger than manufacturing accounting for about 80 percent of the u. S. Economy manufacturing only makes up roughly 20 percent so many analysts came out and they didnt place too much emphasis on the manufacturing numbers earlier this week and they were overly dismissive of the weak reads they said that the market shouldnt panic yet manufacturing doesnt amount to much and Services Matters more and thats actually still ex
Like china now with the trade war backdrop International Trade has been weak and u. S. Corporates are starting to see they hit their bottom line so now with the 2 main drivers of corporate profits both getting pummeled are we in for a round of negative q 3 earnings and furthermore is this the start of another economic contraction. And earlier this week we had an opportunity to catch up with steve professor of economics unpatriotic and the author of can we avoid another financial crisis we started our conversation by talking about the economic slowdown in china despite the burst the slowdown the nations economy is still growing the fastest of all the worlds Major Economies we asked if this was sustainable. Growth is if you actually look at a 6 percent rate of growth every year that means your economy doubles and saw as if. That sort of growth is possible when youre starting from the incredibly low blows that china began with but if you want to eat you want to go to out of the. Period an
Brewing in japan. We have to talk about Interest Rates. Tom Interest Rates is what sets the table. Im really interested in having Mark Halperin join us in the next hour. Last night was the first moment ive seen secretary clinton relaxed. I mean that. Its the first actual moment she has finally looked like herself. I thought it was great. Francine and of course, that may be through her popularity. Popular she how not is amongst many. Lets get more on this with the bloomberg first word news. Caroline thank you. The front runners in both parties scored big victories in new yorks president of primary; first for the republicans, donald trump rebounded from a few weeks of campaign upheaval. Vote, beatingthe john kasich and ted cruz. We dont have much of a race anymore, based on what im seeing on television. Just aboutz bilis mathematically eliminated. Weve won millions of more votes than senator cruz, millions and millions more than governor kasich. Butline trump won all handful of delegates
Power struggle with the president. The market is about to open in istanbul. Things willyou how set up. Half an hour from European Equity trading. Lets take you to the calculations. The ftse 100, a bunch of stocks. Ep the main one to keep an eye on. We need to show you the aussie dollar. Clearly, the change at the rba is one of the talking points. Rates are at a record low. Keep an eye on the lira. That is what is happening. A massive move yesterday. We have a press conference at 11 00. Trading up 2 . The hang seng down. His market, just opening. Ahead of the press conference. We will be covering the story throughout the morning. We will come back to that. Lets get you your news. Juliette optimism still outranks pessimists. Earlier, the China Council meeting said more needed to be done to prevent promote private investment growth. Investorsys have been piling into futures, pushing up prices and volumes. The tightening of rules and in some cases, the cutting of trading hours. The brazili