here the markets have been fromted by the comments sally fisher -- stanley fischer. we are seeing the ftse 100 off why .6%. it had the worst week since the pre-brexit last week. the euro pretty much unchanged now. the sterling down against the dollar. the germany 10-year yield, down four basis points. if i take you to the stoxx 600 and how is great -- different industry groups are performing, .xporters benefiting we saw the dollar strengthened on fisher's comments. the gains in the stoxx 600 , it was a bit of a short-lived rally. market pretty much flat right now. why? commodity producers really weighing on the benchmark, producing a big downward told. we are down 2%. --producing a big downward pull. chemicals at the moment leaning the gains up for person -- up .4%. risen as much as 13%, heading for the biggest one-day jump in more than a year. receivedr chem china approval for the takeover of syngenta, seen as one of the biggest hurdles to the deal. finally, one to show you what is happening in emerging markets, because the stronger dollar has been waiting here. las

sally fisher -- stanley fischer stuck with tom keene on "bloomberg surveillance." hey talked about potential changes and whether there is policy unity within the fed. >> we are growing at around 2% and the problem we face is that of productivity. i do not think the dollar is fundamentally the most important factor affecting the rate of growth in productivity. obviously, a stronger dollar has an impact on the profitability of american companies and on how much we want to import. but the bottom line on this is we have seen an appreciation of the dollar and the american economy continues at full employment. or moveowards -- towards full employment. in a fundamental sense, we have withstood much of the challenge. it has an impact on inflation, reducing inflation, but we have to deal with the world as it is. tom cole in a final thought. final thought. professor at princeton was quite adamant about a greater fiscal thrust. we are exhausted from nine years of monitors alone, central bankers alone. how do you link the need for fiscal policy into the actions you take in sep

we are stocks down after we got sally fisher's comments about the fed interpretation. group is lower. the fear gauge is rising 5%. let's have a look at the fx market. we have the year off right .25%. the key underperformer is the south korean yuan. breaking news? alix: we are looking at personal spending for july in line with estimates. personal income rising .4%. income rising .3%. with personal spending revised up and personal income revised up .3%. the reason these numbers wind up being critical is if you dig beneath the second quarter gdp it was consumer spending that helped gdp because private investment was weak. the question was can people afford to keep spending. this data would seem to indicate yes. we are seeing two-year yields move lower. caroline: it continues to be a fourth month of gains in terms of overall income and spending. let's look at how the dollar has been performing. we are taking up .2% -- kicking up .2%. let's look at the futures market. still flat. there does not seem to be much of a move from the data on the dow jones futures. we saw the sel

then come the bloomberg dollar index climb to a one-week high after the fed vice chairman sally fishernd growth will pick up. we will get an investor take this hour. david: why gdp is so 20th century. we look at why the measure is increasingly struggling to keep up with the pace of economic change.

and in an interview with sally she says incoming economic data will determine the path of interest rate increases. we will get fishers take on when the fed might move. mark: 30 minutes away from the tuesday close. column.your equity more than upsetting the declines from yesterday, which did not include the u.k. that was enclosed for holiday. ending the month higher. still a day of trade to go. we have not had two months of gains since may. looking at the individual movers. deutsche bastad, unlikely to increase the stake. boerse.che the indian cap that change the law to allow foreign companies to own as much as 15% of equity exchanges. shares are up by a quarter today. combining the asset management business pioneer with a taste of your verizon. options forering the future pioneer, including an ipo as part of the wider capital plan. shares are up by 2.3%. sell the agreed to operation in the gulf of mexico for half $1 billion. it comes the equivalent of 25,000 barrels per day. shell is the biggest oil producer in the gulf. and it has been canceling projects, reducing cash out to deal with the plunge and the oil market