Were the two profit drivers in the Second Quarter for General Motors and more importantly for investors, margins were above 10 and for the remainder of this year General Motors expects business to be Even Stronger in part because of pickup trucks in north america. Our pickup share in the Second Quarter was up close to 3 Percentage Points on a year over year basis. So we continue to see a lot of Strong Demand for fullsize pickups, suvs and crossovers. To drive that point home think about this. Year to date General Motors pickup sales, both fullsize and midsize up 25 . Thats one reason why gm is doing so well in north america which we saw in the 2q numbers. Eli lilly beat the street. Meg tirrell, the Company Raised its forecast for the year. The beat on the adjusted earnings was 16 cents. Raise only by 10 cents though. Ceo on squawk box this morning address what went into that question. As we are launching products and bringing drugs through our late stage pipeline that drives certain am
Thanks, simon. We begin this hour with trading troubles in the market. The three big areas were focusing on macro, fundamental and technical, and dominic chu will lay out the bull and bear case for each. Dom . Theres strong and theres a lot of them on both sides of the equation. Sure. Lets talk about the macro Bigger Picture scale first. First of all, you have at least whats perceived to be some economic strength or resiliency. Maybe not robust growth. Still, in the eurozone and the u. S. , yes, i know the eurozone is stepied at best and may be slipping back to recession but its holding in there and the u. S. Holding it better than most economies out there. Thats kind of the bullish case if you want to see it that way. Take a look at china though. Slowing growth there. Growing faster than any of us out here, but, still, that slowing growth may be a huge case for the downside of chinas economic woes really deepen as the market it your miles condition. Lets take a look at whats happening
Arrive at solutions for the american people. That is what they want to see. Washington journal continues. Host we will get to your calls in a moment about the story of jemele hill at espn. Starting out with the original tweet she put out earlier this week. She wrote that donald trump is a white supremacist who has largely surrounded himself with other white supremacists. This drew a ton of action out there. Including from the president. That espn is paying a big price for its politics. Cordin capital letters. Calls outa lot of there for apologies but the white house is calling for the firing of the espn host and Sarah Sanders mentioned this yesterday at a white house briefing. [video clip] the point is that espn has been hypocritical. They should hold anchors to a fair and consistent standard. Linda cohn not too long ago for expressing a political viewpoint. The public editor has said that there is the perception that espn has become political and that has harmed the network. Whatever
Calling the president a Big Personality with a big job. It is a 00 a. M. Across the emirates. Welcome to Bloomberg Markets middle east. I am yousef gamal eldin in dubai. Shery i am shery ahn in hong kong. It has just gone midday. Markets gaining ground, south korea leading the pack, take a function. R gmm japans nikkei up. 7 because of this slide in the yen, down. 5 , also the boj buying etfs and the past three sessions. Surging 3. 5 , rising three consecutive sessions, the highest level since may 2014. It is all to do with what investors are thinking of right the and it seems to be political environment europe a key focus here. Yousef it is definitely a key focus and point of our discussions. We look for the latest development in terms of the french president ial election, greece. This is the chart you should pull up, the latest recommendation coming from one of the biggest banks in terms of how you can hedge against the political risks out of france. Follow it up on your bloomberg. T
Crisis. Around two decades ago, it started with the overprescribing of opioid drugs and shifted more to heroin. Today, the subcommittee examines the next wave of the Opioid Crisis and even more dangerous threat on our streets, fentanyl. Fentanyl is made in the lab and for many years it has been a powerful Pain Medicine used by patients with cancer or for those with extreme pain. I remember when i was injured in iraq a few years ago, Battlefield Medicine meant in recovery, they gave me lots of fentanyl patches. I know what its like to have the reaction to that. Its 50 times more potent than heroin. And 100 times more potent than morphine. Now, fentanyl has become a potent adticate to heroin, cocaine, or Prescription Drugs. This is way drug dealers stretch out their supply and spread out the number of addicts, sort of what people have done with msg in fruit. Users aunch dont even know that fentanyl is in the heroin. The fentanyl crisis is exceptionally dangerous because of its high poten