labor leader jeremy corbyn appoints fellow hard left winger john mcdonnell as shadow chancellor.ill business react? francine: good morning to our viewers in europe and africa and good evening to those just waking up in asia and welcome to those just waking up in the united states. i'm francine lacqua. this "the pulse "at bloomberg's headquarters. we're getting particulars on production from the month of july, rising 1.9% in a year. we should check, actually, on euro-dollar if we can. july industrial production, this is quarter for the second quarter, again, 0.2% versus minus 0.1%. this is a quarter on quarter figure. you can see 1.1336. points to slightly better than expected figure than what we were expecting but slightly above the median forecast but nothing major, nothing to write home about. i guess we have to keep on watching the level for euro and see what happens, whether more q.e. is announced or whether he'll talk down the euro. fresh data out of china raise further fear about slowdown as output misses forecasts. the news caused the shanghai index to drop the most in thr

we're getting closer to the keynote address from john mcdonnell at lunchtime today.here are more questions than answers. people will be looking to get clarity from him. the rail ways are going to be the first sectors to be nationalized. what sectors would come next? we've heard of plans to increase corporate tax yesterday on the marsh show, he said one company boots needed to face up to the full tax -- the amount of tax they were paying. we'll be looking for other names of other corporations they want to single out. the idea of people's quan at thistive easing. it's a confusing term. we don't know what it would mean for the bank of england and its independence. the current governor has been critical. the robin hood tax, the idea of taxes financial institutions, financial transactions and what that might mean for volumes of trade placed in london as opposed to anywhere else. all of these questions that we'll hopefully get answers from mr. mcdonnell when he addresses the labor party. tomorrow we hear from jeremy corbin. apart from the policies themselves it will also b

john mcdonnell will be the shadow chancellor. angela eagle is the shadow business secretary.eated leadership candidate, andy barr number is that shadow ministry. let's get more on the markets now. caroline hyde is standing by. the turmoil that continues in china. once again, this selloff continues. have a look. this is the shanghai composite. coming off of its lows. we are still down by almost 2%. chinese stocks continuing to think. it's tech companies and financial companies. volumes are not as high as we have seen. they are at half of what we have seen. the amount of shares trading. 45% off of the average. this is equivalent to more than 100 million dollars being wiped from the market valuation this morning. , nine straightks weeks of outflows now. hong kong, chinese stock market has now seen nine straight weeks of outflows. the pain continues when it comes to the stock market. some of the data has not been particularly pretty this weekend. lackluster. when you look at industrial output. it grew at 6.1%. that missed analysts estimates. the slowest pace since 2000. this is a

mcdonnell john f. mcdowell jr. eamon j. mceneaney john thomas mcerlean jr. daniel francis mcginley mark ryan mcginly william e. mcginn thomas henry mcginnis michael gregory mcginty ann walsh mcgovern scott martin mcgovern william j. mcgovern stacey sennas mcgowan francis noel mcguinn thomas f. mcguinness jr. patrick j. mcguire thomas m. mchale keith david mcheffey ann m. mchugh dennis j. mchugh michael e. mchugh denis j. mchugh iii robert g. mcilvaine donald james mcintyre stephanie marie mckenna barry j. mckeon evelyn c. mckinnedy darryl leron mckinney george patrick mclaughlin jr. >>> and my father, my angel, dad, remembering you, it's easy. i do it every day, but missing you is the sorrow that never goes away, your sons and ma, we all miss you very much, dad. >> and my beloved aunt, margaret mary conner. my aunt was a very bright light in so many lives. she was a loving wife, she was a wonderful mother to her daughter, and a sister to six siblings and an aunt to many nieces and nephews. she was a friend, she was a mentor and she was my angel, but mostly s

court -- the chief judge, john roberts, said, you can stay at a prison until we decide if we're going to take her case or not. if the supreme court does not take the case, bob mcdonnellill go to prison for two years. but if the supreme court takes the case, i do not think he will be going to prison until the supreme court decides. brian: his wife's appearance in october. tom: right. she finds out if her appeal is going to be accepted or not. the mosthas some of lax ethics laws in the country. amount togive any anyone who is running for office. mcdonnell said, already did was referred this businessman who wanted to do a business and virginia, saying if he needed help. he said he never did run over thing. never passed any legislation. didn't do anything except with a good politician does, refer people. 44 attorneys general from around the country signed the letter saying they agreed with governor mcdonnell, that what he did was politics not bribery and that she should have reported the gifts, that might be a problem. he did not report the gifts. $15,000 for a child's wedding. $70,000 loan. the problem was, bob mcdonnell possibleconsidered a vice presidential candidate.