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to 30. housing starts, building permits, they are expected to climb a little bit. industrial production is supposed to be up. at 10:00 a.m., the university of michigan confidence numbers. how my doing? these are important numbers today? if they are good, that can build on the idea that the jobs number was an aberration and that the economy is moving along. looking backwards, not forwards, we will be getting earnings. everybody watches ge as an economic oh other. at 7:15, they out last of the big angst. senator big banks. senator tom coburn of oklahoma will be leaving the senate. he is also on the banking committee overseeing the fed and on the intelligence committee. he is tied up in all of this nsa stuff. bonds, currencies commodities, when you look at them today, up, up, we go. 10-year yield continues to come coffee, delhi go. your goes nowhere the snake euro goes nowhere this week. sterling was weaker earlier on the economic data that mark the michael is ta ....
6:00 in london this wednesday morning. standing byters are and ready to deliver stories that will drive. i bloomberg reporters are standing by and ready to deliver stories that will drive your day. and talks to sell its japanese pc business. and facebook footing pressure on rival, twitter. at the had has a look commercial future. stay with bloomberg. from an auto expo, ralf speth. he is expected to make an announcement that will impact the markets. that will happen later on during countdown. they also got the chance to sit down with philip green, the majority owner of the arcadia group. he has nine retailers, including top shop. interview onhat the pulse later on. eye oneeping an operating profits coming in at 2.3 one billion francs. this is swatch, the watchmaker based in switzerland. sales have been very. they expect a healthy growth in 2014. they say they are in an excellent decision for long-term growth. let s get a look at the markets. management are advising ....
let s kick it off with what everybody is talking about. something is afoot in the twittersphere. the stock open down more than 20% after a stock report that left investors stunned. wife that is for sure. twitter s first earning report disappointing analysts and investors. it is important to remember this is about a stock, not a company. 41% was slow going into the call. as i said earlier on bloor today, short sellers are probably covering but they re keeping the stock from falling further. so they are potentially thanking the short sellers right now. ok, so that if the stock, what about the company? the user growth numbers were not that strong. in fact, all of the user engagement numbers cannot kind of week. just the user growth alone at weak.han 6% alone is just 5.9% growth. all of the activity they got in the u.s. alone. you have growth at less than 2 person on the user base. i think that is disconcerting for a business that is so much smaller than other compa ....
we kick off three hours with the euro son flash services pmi, 5.7. a little weaker than consensus. lowest since july 2009. business expectations 48.6. manufacturing manufacturing pmi 46.2. composite pmi as a result 45.8, which is pretty him bang in line with the reuters poll. so service sectors worst since july 2009, decline in manufacturing eased a little bit more than expected in november. joining us, chief european economist. ricar ricardo, thanks for joining us. so still a negative territory. what does this point to in terms of the economic decline for the fourth quarter? i think it s in line with the idea that real sgchlt dp will decline by at least 0.2%, possibly 0.3%. it will give us a negative entry point in 2013 when i expect an average growth of minus 0.2%. so still moderately recession territory. the german flash composite pmi 47.9, services 48, manufacturing 46.8, is germany we just saw the 0.2% print. is girl aermany going to have a negative contract? ....
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