Caroline we will be looking at the ecbs 1. 1 trillion euro bond buying plan. Mark stocks are headed for the biggest drop in weeks after gdp growth output investment, and retail data in china also load. All slowed. Yvonne man is in hong kong with the details. Where are we seeing weaknesses and strengths right now . Yvonne the weaknesses are definitely coming in line when we talk about retail sales and the factory sector. The Australian Dollar also slid in reaction to some of this data coming in from china. The First Quarter gdp was bang on target at 7 for the First Quarter. That is in line with economists and what the Chinese Government was hoping for. No newsflash there but that disappointing data you pointed out there are coming out below expectations. Factory output for march was at 5. 6 the lowest since november of 2008. Economists were estimating a 10 growth theyre previously. Urban investment also came in at 13. 5 . Retail sales were also a big mess, their slowest pace since 2006,
Dropped out cattle. All that and much more at this hour of market now. All right. Good morning, everybody. I am connell mcshane. Dagen had to leave early today. I will take you through the hour. Nicole petallides imposition at the New York Stock Exchange to start us off. Nicole good morning. Three days last week that showed some stellar gains. Today, obviously, there are some frustrations. Last week what we saw was a winning week on wall street. We keep an eye on washington now as the october 17 date is looming. A lot of the traders i speak with think that they will somehow come to an agreement. Even this morning, that is what the traders were telling me. We will continue to watch the nasdaq. The only up arrow i see at the moment, other than the mix, is gold. Connell this kick the can seems like the best Case Scenario right now. Peter barnes is that the white house with the very latest. All eyes right now are over on the senate for a budget and debt ceiling deal after the white house r
Yellen, bill dudley, and the markets housing is the key to acceleration. If it does not happen now it might not happen this year. The evidence is mixed. Last month, new sales dropped to an eightmonth low. Since then, Housing Starts were huge but they were all apartments. We find out whether those new holes in the ground are being sold. They should be. More families are being formed, they need homes. Interest rates are low. Winter is over. Existing home sales were up not as much as forecast. The fed folks have told us housing is a key part of the economy. Normally it leads us out of a recession. Last year it finally began adding to growth and that changed the last couple quarters. If we are going to see the economy pick up it needs to change. What is the excuse of the numbers are not good today . Back to the Interest Rates. Average Mortgage Rates havent fallen since the beginning of the taper. The jump during the temper tantrum hurt. Ofa relative basis a lot firsttime buyers never exper
Industrials all playing a role. American expresss profit rose more than 8 in the Third Quarter. Customer spending increased. Sales were flat in the quarter. More than 8. 3 billion. The company has been working to expand its reach by terming teaming up with mcdonalds and apple and other Tech Companies for digital payments. The Usled Coalition is stepping up air strikes against Islamic State targets. 18 strikes carried out today during the town of kobani. Militants are trying to capture the u. S. Central command. Strikes destroyed several Islamic State positions. Apple annoyed quite a few of its customers after u2s you album was crammed down their itunes last month. The is apologizing for whole thing. This comes after a fan asked him about the issue. Im sorry about that. Idea and weeautiful got carried away with ourselves. Artists are prone to that kind of thing. A drop of megalomania. The touch of generosity. Of selfpromotion a dash of selfpromotion. Apple give users a way to delete the
American expresss profit rose more than 8 in the Third Quarter. Customer spending increased. Sales were flat in the quarter. More than 8. 3 billion. The company has been working to expand its reach by teaming up with mcdonalds and apple and other Tech Companies for digital payments. The Usled Coalition is stepping up air strikes against Islamic State targets. 18 strikes carried out today during the town of kobani. Militants are trying to capture the u. S. Central command. Strikes destroyed several Islamic State positions. Apple annoyed quite a few of its customers after u2s you album was crammed down their itunes last month. Bono is apologizing for the whole thing. This comes after a fan asked him about the issue. Im sorry about that. I had this beautiful idea and we got carried away with ourselves. Artists are prone to that kind of thing. A drop of megalomania. The touch of generosity. A dash of selfpromotion. Apple give users a way to delete the album, only after the complaints. The