Just getting some pmi data on euroacturing for the area and the figure is 51. 7, a slight uptick from the earlier 51. 5. 51. 7 showing the Manufacturing Industry is expanding. Any number above 50 shows expansion. Economycourse is an that grew 0. 6 in the last quarter. Still, inflation is a bit of an issue. Lets get to the bloomberg first word news desk. Nejra halliburton and baker hughes have called off their 28 billion merger, citing challenging regulatory conditions. The proposed union between the oil Service Firms admit antitrust resistance in the u. S. And europe. Halliburton must pay a termination fee of 3. 5 billion. Puerto rico will default on a 420 million bond payment today, escalating the biggest crisis ever in the 3. 7 trillion municipal debt market. The governor warned the itsrnment would miss obligation, saying the commonwealth needs to focus on providing essential services. Investors hold 900 million of its debt. Creditors would accept a potential haircut according to the
Good morning. Im guy johnson. The team is running through global markets. Lets talk about how we are trading. Crushed equities got friday. London closes today. You will see a lot of things being taken out of the European Space let me show you some of the main market boards. Let me show you what is going on. Dollar yen a critical line. 106 is where we are trading or. Get to 105 and you can see action from the boj. A continuing move on what is happening with the dollar yen traded. Nymex is trading down 1 . We have a decision out of the rba tomorrow. 1 10 of 1 . We will come back to the market shortly. Lets get you caught up with what you need to know. Hugh hughes calling off the merger. They met antitrust resistance in the u. S. And europe. Halliburton must pay a termination fee by wednesday. Paymentthing on a bond later today it cant pay its debts. Thegovernor warning that Government Development bank would miss its obligation and called on washington to help. Last week, movies said any
Where life from europeans equity headquarters. Reasonably benign. Why is that . We have payrolls coming up later. We also saw a fairly spectacular close yesterday. Italy some of the mining stocks. 58 point 97 is where we are trading 5897 is where we are trading right now. Bnp paribas a big weight in that market. Some of the big mining stocks are up 20 . Down to the dollar i think. Lets take a look at what the dollar is doing right now. What other assets we need to focus in on. But what he we get is been for the greenback. Down by over 1 . But that number and go see bloomberg. That is what is worrying draghi. Sterling, that is the cable rate. The bigger move yesterday in euro sterling. Come as a result of which, pick your pair when you want to see the move. What you need to know for this morning. Nejra cehic . Nejra saudi arabias foreign minister has told number that low oil prices and strange budget will not derail the top the countrys budget the countrys ambition here it ambition. You
Global markets are going now. Dont do it today, hitting that 118,000 mark, could tomorrows jobs number put us over the top . A closer look at what people are expecting tomorrow morning, when that allimportant report from the Labor Department is released, 8 30 a. M. Morelier Oil Prices Today as we showed here on closing bell yesterday. Some stations, look at that we did it, 1. 99 a gallon. Thats why a few politicians now from both sides to of the aisle are starting to talk about the possibility of raising the gasoline tax, which hasnt been done in about 20 years and use that money to help fix our crumbling infrastructure. We have a de bit on that. Our friends kudlow and frank will be joining us. That should be fun. Looking forward to that. Will have a chance to weigh in. Here is what we see on the markets, an hour to go in the session it is the oil names again which are weighing on the dow, off about 16 points. Seems like chevron off about 2 . Exxon down about half of 1 . The s p dividi
Im bill griffeth. Tyler and sue are off tonight. Ibm with better than expected earnings with a fast growing Cloud Computing business and Security Software and despite decreasing demand for its servers and storage products, here are the numbers that came out. Adjusted earnings 5. 70 a share, topping analysts forecast by 7 cents and fell from a year ago to 24 billion. That just missed wall street forecast. Shares initially higher in late trade on the news but then turned negative on weaker than expected forecast guidance for the full year. Bertha coombs joins us from the nasdaq with one big takeaway from ibms report. Reporter bill the big takeaway that ibm getting smaller. The company went from over a billion shares at the end of 2013 and as of december 31st they had 991 million shares. People said as their year over year revenues declined for seven straight quarters over the watch right now, the thing thats helped them on the bottom line is the Share Buyback and share reduction. Some pe