Boom Bust: Dismal manufacturing data puts Fed on hold
The top stories: The US Justice Department is moving to block a proposed John Deere-Monsanto deal. Ameera David has details. Then, Nicolas Sanchez O’Donovan reports from the streets of Sao Paulo, Brazil, where protests and riots have broken out following Dilma Rousseff’s impeachment. George Mason Economics Professor Lawrence White then joins Edward Harrison to discuss what central bankers could be doing differently regarding monetary policy.
After the break, Bianca Facchinei breaks down Amazon and Wells Fargo ending their student-loan partnership, Apple’s Tim Cook saying he is ready to repatriate billions in profits to the U.S., and British Airways resumption of London to Tehran flights. Afterwards, Ameera talks to Danielle DiMartino Booth of Money Strong about the state of the US housing market. And finally, in The Big Deal, Edward Harrison discusses the data dump of key global growth statistics, which will impact whether the Fed soon raises interest rates.