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By Jason Stipp and Jeremy Glaser | 07-26-2013 08:00 AM

The Friday Five

Five stats from the market and the stories behind them. This week: More trouble for China, Facebook gets mobilized, Boeing still going, and more.

Jason Stipp: I'm Jason Stipp for Morningstar, and welcome to The Friday Five: five stats from the market and the stories behind them.

Joining me as always with The Friday Five is Morningstar markets editor Jeremy Glaser.

Jeremy, thanks for being here.

Jeremy Glaser: You're welcome, Jason.

Stipp: What do you have for The Friday Five this week?

Glaser: The numbers we're going to look at are 11, 75%, 14%, 10, and 9%.

Stipp: It's been 11 months since we've seen China's PMI as low as the data we got this week. So it looks like things really are slowing down there.

Glaser: It appears that way. The HSBC Flash PMI, which gives a snapshot of what's happening in the Chinese manufacturing industry, did hit an 11-month low in July, and this is just one in a series of data points that show a slowing in China. We have worries about the financial sector. We have worries coming from management teams from Apple to Coke that are saying they are seeing some economic weakness in areas that they hadn't before, or maybe even more weakness than they had expected. I think it just shows how difficult it's going to be for [China] to make that transition from being an investment-led economy to one that's more consumer driven and maybe in a more sustainable model.

I think the real question now is, what impact is that going to have on the rest of the global economy? Certainly there are going to be some direct impacts in terms of trade with China, in terms of what's going to happen with commodity prices if they're not gobbling up so much copper and concrete and steel and some of these other commodities [of which] they've helped push the price up over the past couple of years.

I think the really interesting question for lot of investors in the U.S. is, what impact [will this have] on us. It's likely to have some impact. It's probably not going to be enormous, but it's going to be a story that I think a lot of us will be watching closely.

Stipp: On the flip side, on the positive side, Facebook reported 75% quarter-to-quarter growth in mobile ad [revenues]. Have they finally figured out the mobile market?

Glaser: This was a big quarter for Facebook. The stock was up big on this quarterly report that was much better than expectations, as it looks like Facebook has really started to crack this mobile advertising conundrum.

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