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U.S., Europe Chug Along as China Slows

Purchasing-manager data this week shows stability in the U.S. and European economies as China continues to struggle, says Morningstar's Bob Johnson.

Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. With the Fed standing still until they get confirmation that global growth is back on track, I'm here with Bob Johnson--our director of economic analysis--to look at the global PMI data to get a snapshot of what's happening.

Bob, thanks for joining me.