The chair on this vote the yeas are 220, the nays are 16. The decision 168. The decision of the chair stands as the judgment of the committee. For what purpose does the gentleman from florida seek recognition . Mr. Crenshaw mr. Chairman, i move that the committee do now rise. The chair the question is on the motion that the committee rise. Those in favor say aye. Those opposed, no. The ayes have it. The motion is adopted. Accordingly, the committee rises. Mr. Speaker, the committee of the whole house on the state of the union, having had under consideration h. R. 5485, directs me to report that it has come to no resolution thereon. The speaker pro tempore the chair of the committee of the whole on the state of the Union Reports that the committee has had under consideration h. R. 45 5485 and has come to nos remain title of the resolution thereon. No resolution thereon. For what purpose does the gentleman from michigan seek recognition . Mr. Speaker, i would, pursuant to clause 7 of rul
Manus im manus cranny. We have got the pmi. We have the composite that comes in better. Germany slow down 54. Francine both manufacturing and services. We are better than expected. Manufacturing unchanged, but the services rising from a year earlier. That is the pmi data. The top story this week being the ecb. Lets take a look at the big market moves following draghis press conference. Ryan interestingly have not seen the euro strengthen very much at all on the back of the pmi reading which beat expectations. This is the euro over the last two days. It was tanking. It tanked for 11. 5 hours after mario draghi started speaking. Everyone anticipating more helicopter money on the way. Its settles a bit now. You look at the options market. Increasingly sense draghi started speaking yesterday, traders are getting more and more bearish on the euro. Lets go and look at the stoxx 600. A second day on fire. It rose 2 yesterday on the comments from mr. Draghi. And it is up again today about 1 .
Rates and bond purchases. Timothy geithner has drawn a line in the sand. He says the white house is prepared to go over the fiscal cliff if republicans dont give in on higher taxes on the wealthy. You can see were weighted to the up side by a ratio of 8 1 at the moment. Finland is not trading today, so you may see some quotes not doing very well. We saw apple stock having the biggest loss in four years. The ftse yesterday slim gains really. Up 0. 4 , the dax up a quarter of a percent. Is this a this is where we stand as we wait for the announcements from the ecb. Were up at a 52 week high for the xetra dax. Cac 40 up half a percent and ibex up half a percent, as well. Take a look at bond yields. We looked at that auction yesterday from spain. They raised 4. 3 billion. Years went lower. Nevertheless spanish yields today 5. 4 , slightly lower from where we closed, but they did move up substantially after a handle of 5. 2. Well keep our eye on gilts, as well. Well look ahead to the bank o
Cigarettes, reynolds american, is in talks to buy lorillard which is valued at almost 23 early in dollars. The combined company would be a closer competitor to altria. Up. Hen cohen has paid his firm pettitte 900 Million Dollar penalty for insider trading. Sacfilm that used to be a capital was given until tuesday to pay. Palestinian militants are firing more rockets into israel and israel appears to be getting prepared for a Ground Invasion and have called 33,000 reservists. Three inch and the three infantry brigades have been deployed. Secondquarter profits rose at what is now the worlds most valuable bank, world wells fargo. But we will ask michael moore. For the full story. Credit was better than expected. A lot of people have been asking if they would still release reserves and they were able to do that. The loan growth did not keep up with the deposit growth and they have a lot of deposit wrote. It was there but it was not very robust. It surprised everybody given the sluggish eco