Yesterday. Boosted by earnings by microsoft and especially google. Alphabet up more than 10 today, as you see right there well have more on those results coming. And what were seeing here is that todays game is really pushing alphabet into the 2 million market cap along with microsoft and nvidia all the major averages set to end this week with gains the nasdaq up more than 4 you can see that big drop yesterday morning and then that steady rebound yesterday and into todays session well keep our eye on that, tyler. All right lets start with a number helping to clear the way for this rally after yesterdays worrying gdp report. The markets seemed to like what they saw in this mornings pce thats an inflation number steve joins us now with a little bit more what did they like and you started to explain this in the last hour or two, and id love to hear you continue. What is the difference between pce and cpi and all these other different Inflation Numbers, and why does the fed like pce . All
And sen ticentrica shares s disappointing second half after losing 823,000 customers in four months good morning welcome back to the show i have some pretty good news when it comes to the eurozone for pmis, for november all three headline pmis above the forecast for the reuters polls, and the forward looking indicators pointing to a busy december, according to ihs market. The pmis pointing to Third Quarter gdp growth of 0. 8 those are strong numbers, just to give you one of the lines here the november composite pmi flash at 57. 5, well above expectations i should tell you that the euro dollar has risen over the last 45 minutes. Its currently up by 0. 2 . In part because the french numbers blew it out of the water. Looking at components like jobs growth, the fastest since 2001 the german numbers also easily beating expectations thats helping the euro dollar currency want to show you the equity space. One hour into the trading session, the stoxx 600 is down ever so slightly to the tune o
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 its 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 lets have a look at the key stocks
That she intends to fight to remain british Prime Minister in the next election. The Financial Times writes that mps had been expecting her to stand down after brexit. In the arab news, its that time again 2 million worshippers begin the annual hajj pilgrimage in saudi arabia. The five day ritual is a once in a lifetime duty for every able bodied muslim. The times focuses on how climate scientists have drawn comparisons between the record rain from Hurricane Harvey and the monsoons in nepal, bangladesh and india. The experts say the Climate Change means storms are intensifying more quickly and with less predictably. And ubers new boss says hell fight with every bone in his body to restore the companys reputation. This article in the guardian gives insight to the former expedia boss whos taking overfrom ubers co founder who stepped down following a series of scandals. 0k. Ok. We does is mark davis. He is the ceo of strategy consultancy, camerton. And we have been asking that question, w
Hurricane irma is a category 4 sthoorm cou storm. The path is still you unseuncer puerto rico and florida are areas of interest. Here are the big corporate stories. United technologies buying Rockwell Collins for 23 billion. Under the deal, rockwell Share Holders will receive 140 per share in cash and stock. Thats an 18 premium to the Closing Price on august 3rd. The Companies Say the Aerospace Systems segment would be combined to create collins Aerospace Systems which would save 5 billion by the fourth year of completion greg hayes will join our colleagues on squawk on the street later this morning that happens at 9 30 a. M. Eastern time. Lego announced plans to lay off 8 of its work force lego reporting a 5 drop in revenue for the first half of the year the company said most of the 1400 job cut also happen s wille end of 2017. And Rovio Entertainment is planning an ipo. The mobile games studio will list shares in helsinki in a move looking to boost growth the Company Finally returned