we saw hsbc china pmi up.urozone's pmis did expand just about where we were with the flash numbers. the shanghai composite index ending fairly flat. despite the fact that we had weak pmis in india contracting for the first time in 4 1/2 years. that's where we're trading with equities. we've been asking what do investors do at the start of the new month. here's a recap of some of the thoughts we've already had. >> going into the nonfarm payroll numbers, we think that will be good enough for september tapering to happen on the 19th of september. that's ultimately a dollar positive. we'll see u.s. interest rates rise. we would be using any dollar selloff that we see to initiate dollar longs, particularly against high yielding currencies in gt such as the ace stralian dollar and the kiwi dollar. >>> i think now lloyds has performed extremely well. the ets continues to rise. we're looking at plus 9.5% eps on lloyds right now. >>> analysts, they are always looking at the sustainability of a dividend. i think across

here's the view from ryan wang at hsbc securities in new york. >> in explaining the fmoc's decision not to taper at this week's meeting, bernanke laid out four factors. he described the mixed economic data over the past month. he pointed to the low rate of inflation. he mentioned the tightening of financial conditions over the past several months. and also he pointed to near-term fiscal policy risks. so i think those are the four factors that will -- that the fmoc will be looking at in determining whether to taper their qe program later this year. washington must pass budget legislation by the end of this month to authorize spending for the new fiscal year. there's additional concerns because congress must also raise the debt limit on u.s. borrowing. probably by sometime in mid-october. budget dramas have had a negative effect particularly in 2011. this time around, there's uncertainty, i think most likely washington will find some resolution to these issues in the end. they're just a few days away, and right now the path forward is not yet clear. >>> here's your forecast. >>> that wrap

hsbc has a flash pmi keeping the main land on track. and the showdown of the budget bill could get loud and ugly this week in washington. just eight daze days for congress and the white house to avoid a possible government shutdown. >>> and the terrorist attack on a busy kenyan shopping mall leaves dozens of people dead as the hostage crisis spills into a third day amidst gunfire and explosions in nairobi. >>> we've got the latest data out of europe in reaction as we wait for the german election results. german private sector expanding a little bit more. 53.8 in september, 53.5 in august. the composite or manufacturing pmi for europe, 51.1. it was around 51.4 in august. the consensus was 51.8. in fact, that pmi a little bit weaker than the consensus. even on the german side, the german manufacturing number came in slightly weaker. 51.3 versus 51.8. new orders slowing down a little bit as emerging markets wane. euro dollar down 135.11. last week we were 135.60. that's the economic back drop as angela merkel romped to victory. it is left

. >> caller: sdr sea drill, hsbc the bank.rbucks. >> look, it's easy money. that's what tends to happen in bull markets. michael kors is the very expensive handbag company, qualcomm good company, sea drill is the highest yielding drill company, hsbc holdings is a not great bank, and starbucks is a great retailer and a bank. some might say jim, starbucks and michael kors are in the same league. i question that. i like that portfolio. let's go to dean in washington. dean. >> caller: yeah, jim. thanks for taking my call. >> no problem. >> caller: i want to know if i'm adequately diversified. i own lockheed, microsoft, cisco, intel and wells fargo bank. >> let me go to work on this. lockheed martin is always invited to the show. she's a great american. like jeff bucas. microsoft and cisco. you know we got a problem right there because we got two techs but that's okay. here's a third tech. had is not three kings and that's good. this is like, you know, bad game. wells fargo is a bank. we'll keep that. we like that. lockheed martin,

i'm talking hsbc. asia.t the big business if a company wants complex lending arrangements done. they're going to go to the deutsche banks of the world. they're going to go to the hsbcs, the canadian banks. they're not going to go to jpmorg jpmorgan. >> first off, canadian don't have these size banks. >> yes, they do. >> if u.s. and european bankers decide we're not going to be too big to fail, we're going to do something about it, everybody else will fall in line because they're going to have to. fed riequirements are going to require to the asian banks. i'm saying one thing. go down and listen to what was said on the house and senate floor. basic thing was banks are too big to fail. banks are still too big to fail. we have to do something about it. >> bottom line, that's your point. dennis, thanks for joining us. senator, good to talk with you. >>> breaking news right now from the jersey shore. you. >> thank you very much. just what they didn't need in seaside heights. a massive fire has broken out on the b

china's manufacturing activity rose to a reading of 51.2 in september, according to hsbc and that's the highest level in six months. and that also sent the shanghai composite up more than 1% for a one-week high on monday. so today we'll see if this is able to help with share prices of china-related companies here in japan, such ooze komatsu. we may also want to keep track of japanese component suppliers to apple after the u.s. tech giant released upbeat sales figures for the latest iphones as you mentioned, ai. and now moving on to currencies. the yen is stronger against the dollar and euro. dollar yen is now at 98.80 to 85. the dollar fell in new york as comments from some federal reserve officials prompted expectations that the fed will maintain its bond buying program for some time. and for now, investors are looking to a string of economic data such as the case shiller home sales today, durable goods on wednesday and gdp on thursday. euro yen at the bottom of the screen, now at 133.38 to 43 yen. the common currency is lower after the european central bank president mario draghi said

the hsbc number disappointed. japan comes out with household spending and jobs data. the b.o.j.'s survey is due ahead of shinzo abe's hiking of the sales tax. the rba is expecting to hold study when it makes its policy decision. ross, you've been to china once, right? >> i have. >> you don't want to be traveling there on a holiday. >> no. it's quite an experience anyway. >> there's a 250 kilometer traffic jam. >> yeah. i got stuck in one jam. a bit scary. i closed my eyes. >>> still to come on the show, keep your eyes very much open. shanghai launches its long awaited free trade zone. >> but is the deal all it's cracked up to be? i have something to say about that. we'll discuss after the break. i want peacocks. peacocks? walking the grounds. in tuscany. [ man ] her parents didn't expect her dreams to be so ambitious. italy? oh, that's not good. [ man ] by exploring their options, they learned that instead of going to italy, they could use a home equity loan to renovate their yard and have a beautiful wedding right here while possibly increasing the value of their home. you and r

a global report from the london-based bank hsbc finds one in eight workers fully 12.5%, will never be able to retire fully because they can't afford it. high unemployment and low wages are to blame and longer life expectancy is contributing to the problem. on average, the report says that people expect to retire for 18 years but have only saved enough for 10 years. >>> 4:55 now. coming up, people say they saw a dog falling from a moving car. what police found nearby that makes them think someone did it on purpose. >> reporter: good morning, i'm ryan takeo live at the golden gate bridge. we expect this to be the next bridge to close due to construction. we'll let you know when that is and the big decision that is expected to come today. ,, is. >>> >>> my daughters were not home. and i wasn't anywhere near there. so that's just the blessing. >> what started as an eviction ends with gunshots in a san ramon neighborhood. >> we were able to quickly respond. >> the oakland police department takes its office to the streets in an effort to fight crime. >> my heart is broken. >> reporter: the

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according to hsbc it's indicated one in eight workers will never be able to fully retire because they do not have enough income and points out also life expectancies contribute to that. >> from the new york stock exchange jane has your bloomberg business report. >> good morning, grand theft autofive speeding to a new record, sales topping $800 million in their first day with customers purchasing 10 million to 12 million copies worldwide. and ay as many as -- disney is withholding the release of new pixar films and putting off "the good dinosaur" by eight months and the finding nemo" sequel is also trying to avoid more money losers like "the lone ranger." and they are announcing massive stimuluses will remain. reports on weekly jobless claims. speaking of home sales, even with recent rise in the -- you rates, a new can see whether renting or buying is cheaper with a new app. i'm jane king with your bloomberg business report. >> good morning, everyone. another cool start for us on this thursday but it's actually going to warm up pretty quickly today. we will start out in the low 40's an

i don't think hsbc. [laughter] but that landed near death on our cover of "fortune" magazine in 2008. things have not been the same for her since i would say but after that to turn the focus on another area of the economy of the trouble zone of stay in municipal finances working on a report in 2010 called tragedy of the comments how this was the next big danger area in that those that had over leveraged and have gone down the same path as the banks. she turn this report into a book called "fate of the states" the new geography of american prosperity." which is actually a more optimistic look at future of prosperity in this country and it has a lot of the novel and interesting ideas and that would lead to wealth of meredith a. and why do we start just talk about defeases the country is reorienting terms of who will do well in who will not. what does that look like you and why? >> it may not seem obvious to some people but it was the natural progression from need -- for me because i was driven by mortgage

and she went on to make other calls and i don't think hsbc. >> yes, they are in the clear statement that also proved true. and that also landed meredith on our cover of "fortune" magazine in 2008. and so she was not the same, think of them in the same person. but she actually turned her focus to another trouble zone, which was the state municipal finances and she worked on a report that came out in 2010 called tragedy of the common and it was all about how this was the next big danger area in our economy, and that a lot of state and municipal finances have gone on a down this path that the banks have gone down. so she turned this into a book, which is called fate of the states, new geography of american prosperity. which is a more optimistic look of the future of prosperity in the country and it has a lot of really novel and interesting premises in it. so i would love to welcome meredith here with us today. so why don't we start by talking about the thesis. the country is reorienting long what people will do well in others that one. will that look like and why? >> it may not seem obvious

right now we have been calls from hsbc saying in believe it will fall to just over 2 percent of the next2 months. barclays says to 85. so controversial comment and all of these banks saying that the 10-year yield is going down from where his. liz: this is fascinating. the moody's corporation up about one-third of a percent. a company it is based in canada. it is trusting any of the ratings agencies entirely. use it as one source, but we have learned something from the financial crisis. very interesting to see why. keep on it. thank you. we have some encouraging news about jobs. always looking for that. jobless claims, people go and apply for the first time for unemployment benefits fell 5,000 last week to 305,000. that is certainly helping boost stocks. we have lost most of our lead, but a nice move today. with the to the floor of the new york stock exchange, cme, and nymex. we can hang our hat on that because the existing home sales numbers did not exciting. mixed data is usually a better foundation for the stock market. >> it is. and that makes data has caused a little extra volatility

hsbc's global strategist came out with a note and said, that's nothing. the 10-year will fall to 2.1% in just the next 12 months. they're predicting a rather rapid decline here. the reason for this is because the fed didn't taper. they continue to the bond buying program that boosts bond prices and lowering yields. they're talking about a significant decline. if you throw up a full screen of the 10-year, since last wednesday we've seen a very steady, sharp drop in those yields. by the way all of these analysts that are lowering their forecasts for yield on the 10-year, they're noting the budget battle in washington. that sort of gridlock is also leading to a rapid decline in yields. andrew wilkinson at miller tabak. is not calling for drop to 2.1. he is calling for yield drop to 2.5%. barclays lowered their forecast to 2.85% by the end of the year. if you're looking for a way to place this, hsbc says the times we see rapid declines in yields we see the u.s. dollar depreciate. play that in the etf perhaps. another thing to look at would be commodities. tha

financing these operations but also the role of these banks which are considered too big to fail like hsbc to be involved in laundering drug and terrorist money. if we were to separate the bags -- the banksaccording to glass- steagall standards, you could probably solve that. this is something on the agenda as you probably know. what are your thoughts about that? is it time that we declassified these pages and went with ex- separation to protect ourselves from these things?-- bank separation two percent ourselves from these things? >> that is from the joint intelligence committee investigation not the 9/11 commission. >> congressman wolf this past summer had legislation passed that would set up a commission this is one of the four areas they would look into, the whole saudi involvement question. as to the financing, i would look -- i would recommend a book that explains some of the genuinely positive achievements that have been made in stanching the flow of the money to terrorist organizations. one does not know how deep the well is that over the past decade cometh as one of of the success

hsbc survey found manufacturing up slightly in september.ts holiday hiring this season. they will hire 83,000 seasonal associates. jobs will be at macy's and bloomingdale's stores, call centers and distribution centers nationwide. that is the latest from the fox business network. giving you the power to prosper. ♪ instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed much is the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ dagen: welcome back, everybody. a government shutdown is looming. that will not stop the affordable care act from going i

on friday, we'll be looking at hsbc and standard charter.ia, you answered some of the questions there. what is the few that is still the most important thing that needs to be proven about rbs. >> we're still waiting to see whether the government is going to decide whether it is split into a good/bad bank situation. and i think for investors that's key. and for taxpayers, remember, 45 billion pounds as taxpayers into this. i think what investors are keen on is how much of -- we have already spent 8 billion pounds since 2008 on restructuring costs. how much of that is going to continue and how do you service uk corporate clients without having the products that they need if you take out everything from the investment bank? >> yeah, so the argument is if you were going to break this up, should have done it at the beginning and spent an awful lot of money doing something else and then we change -- we got it wrong. >> quite possibly yes. the three most important factors to watch for rbs is one is whether the uk economic recovery holds. it is hard

. >>> hsbc purchasing managers index is showing growth. it has been below expectation. that's three big stories for a monday morning, joe. all of them probably more important than any merger that could happen on a merger monday. 6 beltway ben. i think he'll have an answer. >> he'll have an answer. >> redskins won finally. >> redskins won finally. >> can we take a look. do we have the stock of gray matters by the way? >> are you pumping another one of your pieces? i don't want to talk "breaking bad" at all if we can avoid it. >> do you think the stock may be up or down? i don't know. i don't know where it will be this morning. i don't have an article about it. given what -- >> it must be something to do with gray matter and the final episode which i haven't seen. i mean, i saw the daily news which says -- >> don't say it. >> it's on the front page. >> you should not spoil it. >> it's on the front page. >> for people who go to sleep early. they should not need to know -- >> "breaking dead. breaking dead." >> there's a show on amc that has dead in the headline. >> does it