What is happening in the World Economy. Working off a couple signs that the Global Economy is losing momentum. We are also getting october area manufacturing pmi instead of the forecast of 46 pounds. Its all to do with the extension. Were hoping and waiting to hear from the eu. We are getting a couple of key decisions and we have the ecb a little bit later today. All eyes on mario draghi for his last News Conference. Bank norges bank leaving its key rate unchanged. Shares are down 22. 5 and we will have a full roundup of all of your stocks. Coming up, we speak to the acting chief executive of air shuttle in about 10 minutes. But first, lets get straight to first word news in your city. Agree theysadors should accept the eus request for a third extension of the brexit process. Splitey are reportedly over how long to grant the extension. The french are pushing for a tight deadline but many other countries want to permit the three months officially asked for. Johnson was forced to ask for
Decade, peloton tracking lower thats straight ahead. Stephanie is back. Some encouraging signs on the economy particularly in housing. We talk about this endlessly about the consumer being strong, manufacturing being weak really benefiting from low Interest Rates home sales at a 32 month high. Thats impressive. The other thing is nasdaq is up. This is where the momentum is in our economy. People are wondersing about the consumer i think its a very good sign. I own dr horton, home depot, stanley, black and decker. Im in this trade for sure dr horton is the home builder. We were talking about valuations youre talking about 12 times earnings, one and a half times book value i think theres a lot of pent up demand especially if rates stay low. You have the whole new generation, millennials starting to buy more. S p and dow down 0. 1 russell and nasdaq down more lets go to the ipos we went to peloton wild week for Companies Looking to go public and some names have already recently hit the ma
In the white house itself. The cdc director, fda commissioner and dr. Fauci all selfquarantining after come in into contact with a person who tested positive for the virus. Officials havent said who that is, but we know of at least two people close to the president or Vice President who have tested positive. Mike pences secretary and one of the president s valets. A pence spokesman said the Vice President tested negative and is not in quarantine. White house Senior Adviser says going to work in the west wing is, and his this is his word, scary. He goes on to tell cnn this. I knew when i was going back in, i would be taking risks. I would be safer sitting a the home at my house than going into a west wing that even with all the testing in the world and the best medical team on earth is a cramped place. You want you to take a look at this diagram of the west wing. You can see how close together a lot of those offices are. But the bug question in all of this, how Many Americans are going
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