Producer prices. Those numbers are crossing hotter than anticipated. 3 is what we expected. 6 is what they came in. Another pattern that inflation could still be sticky. In terms what have we have with the benchmark, the stoxx 600 is weaker at this stage as we get going today. Lets look at the different sectors as well to see how we are traveling. Technology at the bottom nasdaq was weaker in session yesterday. Pointing out the big a. I. Stocks, nvidia and microsoft, going in different direction. Microsoft with support and nvidia is the weakest link. Technology is down. 40 . Montcler and dior as well. We have retreat for retail names, but down less than. 10 . Red cropping up in financials. Insurance names pushing higher. Admiral at the top. Bnps is up 2 leading that banking basket. Food and drink in the green. Autos with volkswagen at the top of the basket. Utilities up. 40 . Oil and gas support. 50 . Telco on the back of vodafone after the sale of the italian asset is 6 higher. Lets l
Its stillness estimates. The Sales Forecast came up short as well. They were planning on selling a lot. Sales of the new apple watch were less than what analysts had estimated. Ceo tim cook says the company is pleased. Tim cook sales of the watch exceeded our expectation despite supply still trailing demand at the end of the quarter. To give you additional insight through the end of the quarter the apple one sold higher than the comparable launch times of the original iphone or the original ipad. 73 of old iphone users have not upgraded to the latest device. Plus, more than double, more than apple coming up in a few moments. Olivia boeings cash flow is surging thanks to the 787. Earnings beat analyst estimates. They lowered their forecast for the year. Also out beating earnings estimates. Increasing prices and cutting expenses. It is a nice combo. The price hikes helped offset falling sales in the u. S. And stagnant demand overseas. At ts proposed takeover of directv has cleared a hurd
A warship to russia as planned despite deep criticism from both sides of the atlantic. In corporate news, litigation talks talking its toll on Credit Suisse following a 8. 5 billion settlement with u. S. Authorities. Shares dropping to the bottom in market after a disappointing set of Second Quarter numbers. The failed deal with omnicom is partly to blame. We have been too much focused on the omnicon deal. These certainly generated questions over the daytoday issues. Youre watching Worldwide Exchange, bringing you Business News from around the globe. Hi, everybody. Welcome. You are watching Worldwide Exchange for the next two hours. I just want to update ow some flashes were just getting across our wires. Were seeing uk politicians talking, saying that they need to send a clear signal to russia, the world has changed since the recent eu meeting took place. He says expectations have changed and the eu needs to go further. A terrible incident that happened because of russias support for
Good morning, everybody. You are watching the pulse. Francine a big move at the top of a major bank. Credit suisse has named a new ceo. Guy hans nichols joins us from berlin. It is an interesting choice. Why do you think him . Hans you probably have to go with share price. Credit suisse is down 18 on the year. In terms of strategy, they may want an entirely new look, a fresh take on what is happening at Credit Suisse. Brady dougan had a reform process, but it was implemented fairly slowly. He was the last man standing but it was not yielding results. There were questions about how much litigation costs there would be. He did settle the claim about tax evasion. But there are other claims out there. How are you going to settle them . The new ceo has a close relationship with jack lew. Having a Good Relationship with washington may be something the shareholders wanted. They may have just looked at the share price of their Respective Companies and thought, we need a change, here is a stron
The hardliners of iran. It is an unusual coalition. Olivia Vice President joe biden called the letter beneath the dignity of the senate and sends a signal that the president cannot deliver on americans commitment. Oil shares up 9 after a shakeup of the top at the top of bank american. Brady dugan will be replaced by prudentials Tidjane Thiam. He is one of the few leaders of a global banks to have survived the financial crisis and the many scandals that followed. Brady dougan European Finance ministers are warning that time is once again running out for greece. They want the greeks to open their books and follow through with their pledges to reform the economy. Greece is in danger of running out of cash this month. The leaders do not want to give greeks more money unless they deliver on promises made two weeks ago. Apple bets their first new gadget in five years will get customers rushing to stores. They finally released full details for its new apple watch. It offers health and fitness