This is switzerlands number one insurer. Interim ceo guy he has been struggling to turn this around. The reality maybe coming home to roost. Anna they have been trying to equity, and other targets which were apparently thwarted. Guy lets get you the bloomberg first word. Manufacturing pmi has dropped to the lowest level in three years. In atficial reading came 49. 6 in november. Six Central Bank Interest rate cuts in your have not been enough to slow refectory manufacturing. In a historic move, the imf will to its list of reserve currencies. The euro lost the most with the changes. They Australian Dollar held a second day of gains after the reserve bank kept rates unchanged at a record low 2 . Ill ise seventh month makers have left the rates untouched. Morgan stanley is planning to month policyh makers have left the rates untouched. Morgan stanley is playing to cut fixed income jobs. Shares rose on the news. David cameron calling for a vote tomorrow on extending airstrikes into syria.
You are talking about, sir. Lets hear from cheryl in florida, the independent line. Good morning. Caller good morning. Very glad to be here. I would like to ask the guests this morning if he thinks the United States of america is too dependant on chinas money . Go ahead. Its true that the largest external creditor for the government is china. If china had not been able and willing to lend a lot of money to the United States, who would have . Somehow the u. S. External deficits had to be financed . Its just so happened china had large surpluses and the credit to invest in the u. S. Treasuries so thats an uncomfortable situation where china is the largest creditor. How much debt does china hold now . Of the federal treasuries, its according to the latest treasury information that i have seen, about 1. 3 trillion worth of treasuries, but thats not the sum total. Chinese hold significant interests in freddie may and freddie mac, and and they hold significant amounts of Municipal Bonds and
You are talking about, sir. Lets hear from cheryl in florida, the independent line. Good morning. Caller good morning. Very glad to be here. I would like to ask the guests this morning if he thinks the United States of america is too dependant on chinas money . Go ahead. Its true that the largest external creditor for the government is china. If china had not been able and willing to lend a lot of money to the United States, who would have . Somehow the u. S. External deficits had to be financed . Its just so happened china had large surpluses and the credit to invest in the u. S. Treasuries so thats an uncomfortable situation where china is the largest creditor. How much debt does china hold now . Of the federal treasuries, its according to the latest treasury information that i have seen, about 1. 3 trillion worth of treasuries, but thats not the sum total. Chinese hold significant interests in freddie may and freddie mac, and and they hold significant amounts of Municipal Bonds and
There is a way things are going today in the United States. Were dissatisfied or very dissatisfied if you are asked the same question, how would you respond . We want to hear from you. If you are satisfied from with the way the country is going, tell us. If not, tell us why. 202 7488000 for democrats. 202 7488001 for republicans. And for independents, 202 7488002. 250 people so far post and on our facebook page. If you want to send an email, go to journal cspan. Org. Some of the respondents on the pole, asked about satisfaction with the way the nations today. Only 2 of respondents said they are very satisfied with the direction of the country. 26 said they were somewhat satisfied. Were somewhat dissatisfied, and 41 responded very dissatisfied. 1 ofitical party, republicans very satisfied as opposed to 3 of democrats. 61 of republicans said they were very dissatisfied and 15 of democrats registered. They asked independents as well, around 2 saying they were very satisfied and iraq 15 of
Welcome to countdown. A very good morning. Two deals have fallen through. What is going on . Reneges ont murdoch a 25 billion dollar offer for time warner when everybody thought it was not going to go anywhere, does it matter . This has me puzzled for little bit. Of course it matters. Not everyone recognized the capitulation. If you look at the share price, investors thought he would still go for it. Secondly, he has thrown a bone back to foxx investors. It is something they have not they were not anticipating. It is a bit rushed. We have both time warner and fox reporting this morning. You can imagine trying to defend. I think it is fascinating they decide to pull out of this deal so quickly. Maybe they misjudged the timing. The buyback, what does it mean for shareholders . Here we go. Share price reaction was dramatic. 6 . Shares rose about i love market psychology. Time warner shares were just above 85. That was the bid price. Though shares fell 14 , down to 73. So much for the time