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Transcripts For BLOOMBERG Bloomberg Markets European Close 20161028

Well speak to the candidate or Prime Minister this hour. Mark were heading for our first weekly loss. Global macro movement, equities are lower for the fifth consecutive day, and they havent done since the middle of september. Currencies, bonds, credit fault, its very much a focus on earnings thats moving investors today. Look at this decline. Since rtis, biggest fall 2002 because of pressures on price in the u. S. , which is its biggest market. It also trimmed its targets for this year for the second time. This reflects significantly more challenging environment in the u. S. , as pharmacy benefits managers in negotiating the aggressive discount on new and expensive diabetes treatments. Novo in recent months appointed a new chief executive, cut about 1,000 jobs to trim costs. Shares getting absolutely hammered today, dragging down the healthcare sector. A. B. Inbev down by 3. 75 . Earlier they were 6 lower. Biggest fall since january 2013. It reported a surprise drop in Third Quarter p

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