Early numbers from shoppers indicate they did not spend as much as they did last year. Welcome to the show. Just getting some eurozone pmi data out. This the second reading out for november. The wide numbers come in at 50. 1, previous month was 50. 6. The forecast was 50. 4. Its come in below forecast. This follows the individual readings out from france and germany. Germany the headline number coming out at 49. 5, retraction territory. The lowest reading for germany in the last 15 months. The eurozone wide number coming in at 50. 1. The euro dollar at 124. 55. Italys final Third Quarter came in at negative 0. 1 . Contraction in growth for the Third Quarter. Italy has shrunk or stagnated for the last 13 consecutive quarters. Fragile recovery thus far for italy. Joining us know is the chief Investment Officer at tatan investment. The eurozone number below expectations. The german number coming in with retraction. Is that a surprise . That is a bit of a surprise. I would have thought aft
September, something 0. 9 . Barclays expecting italy might not exit recession before the First Quarter next year. Lets move on and give you a reminder of our other headlines. Germany and france avoid falling into recession in the Third Quarter. Gearing up for a showdown, the australian Prime Minister accuses the russian president of being a bully while the uk warns russia of further sanctions. The eu says a Corporate Tax deal between starbucks and the dutch government may have been illegal. Rallies to the top of the French Market after the Telecom Giant lifts on better than expected sales in the Third Quarter. Hi, everyone. Im seema mody. Coming up on todays show, as Oil Prices Hit a new multi year low, the uk ambassador tells us what that stake means for petro bass. We hear from a tech startup hoping to make a connection in emerging markets and paris residents are on the high alert as a tiger remains on the loose. The latest on the hunt, coming up on Worldwide Exchange. Announcer your
Welcome to countdown. Imr orton. Barton. Mark im an edwards. Anna edwards. Ryan chilcote is in the ground in kiev. Jonathan ferro is looking at the ecb Rate Decision later. Caroline hyde is looking at the bids. Aviv. Tt is in tel lets start by telling you about some of the big news coming up on Bloomberg Television this morning. We will turn our attention to jcdecaux. Of we will get more insight into the companys latest earnings. And a security maker expects doubledigit growth in profits this year. And the pulse will sit down with discussf executive to europes secondbiggest maker. Are holding an emergency summit to decide how they should respond to the russian troop buildup in crimea. There. Weed is they said they were making some decisions last night with regards to isolating russia. Talk about how that builds pressure on the eu to act next. The mere fact that nato has decided that the situation in russia is so critical that they have taken actions will be putting pressure on the euro
Spirited discussion about the themes here. That ford on bloomberg surveillance, Arnie Sorenson from Marriott International has a global feel for the ebb and flow of American Global business. Ken rogoff joins us in a bit, a lot to talk about. Whereeems to be a davos the business crew, the corporate crew is taking over the meeting. Corporations are everywhere. Hans nichols was showing the helicopters with london tv, they are out. Joining youe shortly. We need to get to Michael Mckee with our morning brief. You are going to play weatherman. So coldannot avoid it, and so much snow on the east coast. Over in england, bank of england has released minutes showing that members saw no need to raise rates soon, u. K. Unemployment is supposed to be the trigger at a threshold of 7 , they are supposed to consider raising rates. Like 6. 5 in the u. S. The u. K. Reported unemployment is at 7. 1 , going to raise the question of what they do sooner rather than later. In tokyo, no change in bank of japa
The army eventually regained control. Who is behind this . We are not sure. Clearly the prime suspect is the telephone. No one has claimed it. I have seen some headlines where the taliban was praising the attack. We do not know. Karachi can be very unsafe. The problems keep on going to stop the attack came days after there were reports of a major split in the pakistani taliban. Some analysts said this is beginning of the end. This does not seem to be the case. They held the airport for six hours. We have images coming through. We can see a Karachi Airport. The head of the military is speaking there. He is saying that they are back in control of stop half an hour ago, they tweeted that they had killed the remaining gunmen. Theyre all dead. Was some confusion about the number of noncombatants were killed during the attack. We have no idea about a motive except perhaps arguably it is taliban. Quite they have declared war against the pakistani state. These attacks have been commonplace. Ev