To the us economy. Another sector expecting a boost aS Property, with Reports Majorfund managers in the uk are looking to buy the dip in us commercial property, anticipating a recovery. Ifjoining me now is Clayton Triick from Angel Oak Capital advisors. Are you surprised to hear Uk Investors are looking to jump into americas beleaguered commercial Property Market . We are not at commercial Property Market . Are not at all. We have seen recent reports and in the last 12 months it has been very good market be stepping into, us commercial properties. Its the kind dotted at the Monetary Policy has continued to be very tight and there has been a headwind for that sector. In the last 2a months that cut of 50 basiS Points could turn men into a tailwind looking forward so we are not surprised investors are looking to take advantage of that. You investors are looking to take advantage of that. Investors are looking to take advantage of that. You have got the Markets Advantage of that. You have
Lays out her plans for the uk economy. We take a look at how they stack up. Take over or turn around . Rumours mount over the future of struggling Chip Maker Intel. And still there for us. Friends after all these years. How the Hit Show is doing after 30 years since monica, ross, rachel, chandler, Joey And Phoebe met in that new York Coffee bar and made a fortune. Welcome to business today. Im mark lobel. We start here in the uk where the chancellor, Rachel Reeves, has been laying out her plans for the economy ahead of the new governments first budget next month. The first ever female Uk Finance chief struck a positive tone. She is pledging a new era of stability after years of economic uncertainty. Saying his is a pro business, pro Worker Government that will deliver a New Industrial Strategy to unlock Growth And Draw in investment. Im joined by chief Uk Economist at pantheon macroeconomics, rob wood. Thanks forjoining us. What is your big takeaway from this speech ahead of next Month
Jimmy li will join me this hour in this exclusive interview. Markets on the upswing to begin futures. Take a look at dow industrials 344 points. Nasdaq up 109. Thats almost 1 . S p higher by 9 points. The dow posting best month since 1987 with gain of almost 12 , other averages also higher by 12 and 11 all this as we await key testimony from federal jay powell and jimmy mnuchin today and unused covid relief funding. Return to high seas, we are taking you on a port on how they are getting ready. Another missing monolith moved. Making a buzz this morning. Mornings with maria live right now. Maria all right, european markets meanwhile look like this as rally is underway on wall street. European markets higher across the board. Ftse up 123 points. Almost 2 , cac quarante up 62 and dax index up 135. British factories reporting fastest growth in 3 years. Purchasing Managers Index rising to 55. 6 in the month of november. In asia overnight green across the board. Chinas manufacturing pmi54. 9
Sweet farmers their start harvesting crops with wheat exports forecast to almost double this year. But have to do business on one of the giants and burn em good to have you with us and were starting with china manufacturing there continued to recover in october as a key purchasing Managers Index reached the highest level since january 2011 the sides seem private the follow to official p. M. I. Figures over the weekend which also showed faster recovery in the worlds 2nd biggest economy the pandemic appears largely under control in China Business operations improved as did the mood among entrepreneurs that export growth is slowing us code 19 resurfaces in other countries. Well for more on those chinese data im joined now by our financial correspondent in frankfurt cama good to see you. Well obviously today germany starts its 2nd aloft down how did china manage to to keep the economy open. O. Monaco with strict top down management off the outbreaks as soon as an outbreak happens in china
Whats going on in this country . Whats going on . Trump has reportedly told members of his inner circle that he will declare victory on tuesday night, even if a large number of votes remain uncounted. Thats ccording to u. S. News source axios, which quoted unnamed sources close to the president. Trump told voters he would not declare victory prematurely but his lawyers would get involved over accepting mailin ballots after election day. Meanwhile, democratic nominee, joe biden, held a pair of rallies in pennsylvania. He has called for extending the deadline for accepting mailin ballots. Every, single one of those votes matter. The power to change this country, not figuratively, is literally in the hands of philadelphia and pennsylvania. Both camps have been focusing time and resources campaigning in pennsylvania, which many wsanalysts see as a mustwin state. Now we a closer look at the polls. The current president has caused darkness for much too long. Too much anger, too much fear, to