The terminal. 57. 4. Withigure bang in line earlier estimates. A strong figure if you look at the pmi manufacturing figure five yearsst four or or so, that is equal to the high of a couple of months ago. So, manufacturing going from strength to strength. 57. 4, the actual figure 57. 4. Sets us up nicely for the ecb meeting on thursday, backing some view that the economy is Strong Enough to weather the beginning of the normalization of of ecb policy. Check out what is happening with European Equity markets. We are on track for a weekly gain. Weve been alternating on a weekly basis for the lesast six. Infell for a third month august. Worst losing run since february 2016. The u. S. Jobs report. The euro is down against the dollar today. After rising for six out of the last eight weeks. Be question will be well asking our first guest of the hour is has the dollars fortune changed . To. 10year yields, fell 2. 11 , lowest since november. Est month for the u. S. 10year talking about falling y
Lets kick off with first word news, with mark crumpton. Mark an encouraging sign for texas, as it struggles to return to normalcy. Hasus christi ship channel reopened, after being shut down nearly a week. Port Officials Say the reopening is a step toward resuming operations at seven refineries, and transporting that fuels to market. The channel was closed when harvey slammed into Corpus Christi last week. Are inan 1500 people louisiana, and officials expect that number to rise as more people are a black evacuated from flooded communities. 1000 people were flown to dallas from a shelter in beaumont, where residents have no drinking trump will visit texas for the second time on saturday. Officials in houston expect most of the floodwaters to receive by late today, or early tomorrow. Gone, theater is rebuilding can start. And of this an estimated 136,000 structures were flooded in harris county. Up 10 sinceces are a gallon after the nations largest refineries shut down due to flooding fro
Live on Bloomberg Television and radio. The threat to u. S. Airports from terror groups such as al qaeda an Islamic State is expected to grow because of instability in parts of the middle east and asia. Speaking at an aviation summit in washington, former Deputy Director of the cia mike morrell says the focus on fighting Islamic State has allowed al qaeda and its offshoots to rebound in countries like yemen, pakistan, and afghanistan. Morrell says that as Islamic State loses territory in syria and iraq, tens of thousands of its fighters who poured in from other countries will leave comments and some will try to infiltrate the united states. Egypts Top Appeals Court has acquitted former president Hosni Mubarak on charges of killing protesters during the 2011 uprising that ended his nearly threedecade rain. Ministerhis interior were sentenced to life in prison in 2012. But another court overturned the verdict two years later. The 88yearold ailing former leader lives in a cairo military h
Seesaw this morning and now here session highs. Still in the red but for the dow, it had been in positive territory for a brief and hot second there. 53 to 47 shows favor the brexit. That reflected in the Dow Jones Industrial average. We can see popping into the green and going above the flat line for an hour or so, just under the flat line. We did see the dow down as much as 168 points. I want to show you whats happening with the s ps 10 sectors. Negative territory with Energy Leading the declines. Up the most,tions utilities had been the biggest leader. Usually as it stands with lower Interest Rates, that does help utilities because of their load. Lets look at what is happening with oil with Energy Falling as the biggest sector laggard. This is its lowest in a month, now six days down and on pace for its longest losing streak since february. The fear is Global Growth is slowing down everywhere. We did hear janet yellen saying 2016 growth for 2016 is supposed to be 2. 2 and taking a l
Starts right now. Gerri as you know, ebola now in the u. S. The first ebola patient diagnosed in the u. S. Is in serious condition in a dallas hospital but could this have been prevented . The patient will reportedly not be given a drug called zmapp, an experimental drug given to two american medical workers this summer because, theres none left. What is worse, we could have a pile of zmapp doses ready to go if the government didnt let the treatment languish in limbo for years while it waited for a democrat. Dr. Scott gottlieb a fellow for American Enterprise institute. Dr. Scott, i will start with you, is the government doing enough to find solution to ebola . We havent had sufficiently robust effort. There are a number of promising therapeutics used against this virus including drugs approved for other purposes that could potentially be active against ebola. Historically we tried to funds the programs with series of epsoddic grants. It hasnt been enough to move it quickly and bigger