. >>> shirer provides a bligright spot for europe as shareholders of takeda secure a $46 billion takeover of the firm >>> good morning, everybody. lots to get through. first i want to start off by bringing you pmi data out of euro we got the final pmi services number for november, that came in at 52.7 versus the 52.4 flash. a bit higher for the final number crucially still lower than the october number which came in at 53.1 again, just to reiterate, these are the lowest numbers since september of 2016. the final composite future output pmi has come in slightly higher than the flash, 59.5 versus the october number of 60.5 that's a picture for the final pmi numbers out of europe being reviewed a little bit higher but still much lower than october. let's get in and talk about some of the broader market action we've had over the last couple of -- 24 hours or so let's start off by looking at the european heat map. as you can see, i'm almost blending into it completely today. very little stocks trading in the green. about 85% of the heat map is trading in the red we had a heavy selling day in u

shirer, right move, and polly metals. a few big german movers all flat. big story this morning is downwards and that is further broad market as a whole. stoxx 600 down 1.4%. it is difficult it seems for names to shine. to the downside, the biggest -- hitting a 17-month low on that name. downgraded to underweight had jpmorgan, so that is a reason. it feels like a day where you don't need many reasons to send stocks lower. matt: just pull the trigger on the sell. european markets, down. 584 stocks down. as u.s.ee gainers stocks slumped when the fed turned in a less dovish rate hike than hoped. 500 tumbled to a 15-month low. investors flooded into treasuries after jerome powell signaled the fed sees little threat from the recent turmoil in financial markets. joining us now, the chief investment strategist at lombard investment managers. what did you take from the fed? were they hawkish? was it less dovish than expected? >> i think we ended the meeting with the fed versus trump and ended up. on its own, the nudge from the fed or shift in the direction was on