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they keep interest rates on hold at 3%. welcome to today's program. we're going to get straight to the data. >> and the data ain't that great. >> final services pmi today for the eurozone has come in at 47.2. flash number was 47.5. in july it was 47.9. final composite pmi, 46.6 flash point. eurozone likely to have stepped back into recession according to these numbers, if you do the read through from that. a seventh month of con tracks. new orders dwindling. august pmi slightly below earlier flash estimate. joining us with his own thoughts right now is larry hathaway at ubs investm...