That is some of the breakdown we are getting. Picking upe prices for the first time in four years earlier this year, so proving positive as well. Inflation is helping the Manufacturing Sector as well. Industry,in the steel and on the nonmanufacturing side, strength of their as well. The official number coming in for october at 54, and strengthened again this month back around 53. 7. Then, we have questions over the Growth Drivers when it comes to what we are seeing in the Manufacturing Sector. Analysts saying this is further evidence of cheap credit going thate manufacturers, and the state owned enterprises are benefiting from it. Expandeder firms have at a less quick paced than previous months. Consumption helping to some degree, so there is the verge ands between Large Companies and how quickly they are expanding and the smaller firms. Does give an element of strength to policymakers Going Forward here in china. Recovery hasf this been driven by loose Monetary Policy and turning on t
This is nightly Business Report with Tyler Mathisen and sue herera. I think we can absolutely get to sustained 3 to 4 gdp. And that is absolutely critical for the country. Its also not true that all jobs are created equal. A guy who used to work in the steel mill now flipping hamburgers, he knows its not the same. Economic team. Donald trump names his top money men who have plans to reshape the economy, redo trade and reimagine the tax code. November gains. Stocks limp into the month, but finished with a roar. As the major indexes mark a number of milestones. Sudden surge. Opec does something it hasnt done since 2008, and oil prices soar. Those stories tonight on nightly Business Report for wednesday, november 30th. Good evening, everyone. And welcome. President elect Donald Trumps Economic Team is taking shape. Former Goldman Sachs banker, Steven Mnuchin tapped to be the next treasury secretary and r s ross. Tackling some of the most contentious issues. The agenda is long and includes
This is nightly Business Report with Tyler Mathisen and sue herera. I think we can absolutely get to sustained 3 to 4 gdp. And that is absolutely critical for the country. Its also not true that all jobs are created equal. A guy who used to work in the steel mill now flipping hamburgers, he knows its not the same. Economic team. Donald trump names his top money men who have plans to reshape the economy, redo trade and reimagine the tax code. November gains. Stocks limp into the month, but finished with a roar. As the major indexes mark a number of milestones. Sudden surge. Opec does something it hasnt done since 2008, and oil prices soar. Those stories tonight on nightly Business Report for wednesday, november 30th. Good evening, everyone. And welcome. President elect Donald Trumps Economic Team is taking shape. Former Goldman Sachs banker, Steven Mnuchin tapped to be the next treasury secretary and r s ross. Tackling some of the most contentious issues. The agenda is long and includes
Nightly Business Report for wednesday, november 30th. Good evening, everyone. And welcome. President elect Donald Trumps Economic Team is taking shape. Former Goldman Sachs banker, Steven Mnuchin tapped to be the next treasury secretary and r s ross. Tackling some of the most contentious issues. The agenda is long and includes overhauling the tax code, renegotiating trade policies, bringing jobs back to theize and increasing Overall Economic growth. Today investors heard their action plan. And Steve Liesman has the details. Reporter wall street appears to have heard a lot of what it wanted to hear in cnbc interviews with the new leaders of the Economic Team, president elect donald trump named today. Treasury secretary, designate, steve municipal mnuchin and wilbur ross walking back. Our most important priority is sustained Economic Growth. And i think we can absolutely get to sustained 3 to 4 gdp. And that is absolutely critical for the country. To get there, our number one priority is
Markets. Futures a little bit softer. 500 futures 16. In europe it was all about the banks. Syncing over 60 in the First Quarter. Switch up the board very quickly. The aussie dollar thats the headline thinking by 1. 4 . The rba surprises with a rate cut. Renewed dollar weakness. Bit. Me back just a little in a commodity market, very much risk down by 1. 2 1 . Some crude related earnings as well. Matt just going through halliburton, seeing the loss widen. Four cents. S was it reported firstquarter revenue of 4. 2 billion. Unchanged in the premarket. To 2. 4s really widened billion dollars from a loss of 643 million in the same quarter last year. Pfizer reported firstquarter earnings that blew away analyst expectations on stronger sales on products such as a Breast Cancer drug. Earnings of . 67 and we were looking for . 55. Raising its fullyear outlook. Earningssee aig mr. Expectations missed earnings expectations. Mylan up on generic drugs. Starwood also beating estimates in the premark