A warm welcome to the program you are watching countdown. Im anna edwards. We are waiting for several earnings this morning from the Mining Sector, and earnings from merck, the german drugmaker the oldest of europes drug companies. We will be speaking with the merck cfo later. We will talk about how they are rebalancing the business, trying to make up for the fact that their multiple sclerosis drug is increasingly under pressure. You will talk about m a in the pharmacy sector, and the value they can derive from their partnerships. They are trying to revive fortunes using partnerships such as though with pfizer. We will talk to him about that. The share prices are doing too badly. A couple big interviews we need to tell you about this morning we will get a gauge of the Mining Sector and commodities from a couple business chiefs. I will be speaking to mark bristow in his first interview of the morning at 7 00 london time, and jon ferro will be speaking to in his first interview of the mo
Activity, a lot of speculation that has been going on. In the past few moments as we have been talking about, there was a report from cbc that disney and 21st century fox held talks for disney to take over some of foxs various networks. Not a fox news or business channel, but the Cable Networks like fx, for example the two sides. No longer in talks. We definitely saw some stock reaction. Disney spiking and coming back down, bouncing around as people try to figure out what to make of all of this. 21st century fox was actually trading at a 52week low, it had touched that around midday. It obviously turned a layup and is now trading higher at about 6 . Its not just the two individual stocks where we are seeing the reaction, we are seeing it among this Ripple Effect. There is a lot of turmoil within the cable industry, people cutting cords, the rise and surge of streaming services. Perhaps there will be some kind of consolidation. The other player we have to show strengthenedould a combine
Welcome to bloomberg daybreak europe. Im anna edwards. Manus cranny. A couple of push and pull factors in the market. Last week volatility was surging. Anna i noticed. Manus was that your opportunity, maybe, to sell volatility . Yes, we flagged those massive warns, its game on as north korea strikes guam. What does that mean . We had the biggest jump in volatility in three years. And they piled into an Exchange Rated fund that shorts volatility. The fund gains if the markets get coma. Anna investors are aware of the fact that when the vix rises, it typically falls afterward. That is reflected in the appetite. Lets look at the risk radar and show investors had that translate into headline stories around north korea how this translates into a risk on atmosphere. Asian equities, up by 0. 5 . On the one hand, you have these comments coming through from jim mattis, who says it is game on. But the wall street journal cites north korean media, saying kim jong un wants to watch the u. S. A lit
Shells profit slides but the oil maker out maintains its outlook. Confidence signal [inaudible] we are talking to the ceo, the first here on bloomberg. And the fed. Sitting tight. Taking a waitandsee approach as it awaits clarity from the white house. Avp [inaudible] we are less than half an hour from the European Equity market. We will focus on all of the news as we work our way through. Weis start off with the screen. It is pointing to a negative stock. London looks like it will outperform a little bit. 4tinental markets down by of 1 . Lets show you what is going on around the world. The big story this morning is what is happening with the dollar, the dollar index, the bloomberg dollar index is softer and the and is trading at 112. 69. Up by around. 4 of 1 . This is what is happening with the bond yields. Have gotten more liquidity coming through. Yields climbing, prices are selling off. Lets get back to the real news, lets find out what is happening around the world. Deutsche bank s
Evening. If you have plans, it will be calmer than the commute this morning. Alexis . We have had the problem in the south bay where we probably only had a few sprinkles be not sure what the cause is. Northbound highway 17, we have big delays, and this is north of the summit, and c. H. P. Updated their information and said it is closer to redwood city estates and we have a four mile delay and it is in the clearing stages, so in last couple of minutes, all lanes reopened, but, obviously, we have residual delays that will take a while. Bart is become on track after an early problem on the tracks in the Early Morning in oakland and drive times next. With the rain of course comes the wind, and mike has been telling us about a hisly in affect. In pacifica, our reporter is keeping a close eye on the waves. How is the hair . The hair is doing okay but the wind right now but first, this is a technical piece of equipment, my photograph certificate all about the weather because he is a surfer. W