To their higher product pricing. They implement it higher product pricing to mitigate the tariff issue in the marketplace, and that had an impact on their sales. Thats three through on tariffs, not being able to pass along prices, and having an impact on sales. David and it hit their margins. There was also going to be margin pressure. The question is what it says more broadly about industrials. They say they think the economics are ok. Alix as long as their margins might not be, but Overall Economic activity ok. News comingve some out of delta, up in the premarket. Its raised its earning per share view. Forecast now earningspershare, but i do not see their earnings. Alix it seems like you have full year earnings at the top end. They are upan see almost 2. 5 in the premarket. Alix people are traveling. They are moving. David good for them. Alix which i will be doing tomorrow. In the markets, you are also looking at day two of fed chair jay powell. This is a classic easing cycle fed pla
Host welcome to bloomberg daybreak australia. We are counting down to asias major market opens. The top stories this hour. Asia sat for a lower open after wall street fades at the close. The dow jones retreating from the 40,000 level. Host jamie dimon sounding on alarm when it comes to lingering Inflationary Forces telling us the chances for a hard landing are higher than markets thank. Host and a busy friday in china with highlevel talks on the property sector. A third sale of special bonds and april Economic Data that may show a modest improvement. Host we do have south korean jobs crossing the bloomberg. We see the Unemployment Rate for april sticking to two point 8 . The expectations from economists were two point 8 and it is unchanged from the previous month. We were expecting potentially more of a softness. Up to 2. 9 percent. We did see level force participation increasing. But the jobless rate levels around this level are below the postpandemic average of 3. 3 . Bloomberg econo
Holding in europe. Yes they are the dax, chief amongst the leaders with quite a significant gain this morning. 10year note yield, been hanging around the 2. 4 level there we are, 2. 378. You can see wti up 32 cents. Lets get to our road map this morning. It does start with that market rally you just saw the futures are pointing to new records on growingconfidence that republicans in the senate and house are going to pass that historic tax cut plan this week. Plus, well have more on csx, investors are worried given the turnaround strategy may be in doubt after the sudden death of Hunter Harrison. Surging in the premarket after an upgrade from jp morgan. And weve got plenty of deals to talk about this morning. Geez, we sure do. Well get to those and talk p g. Lets get to stocks first. They are on track to open sharply higher, this on optimism on passage of the tax reform legislation. The house is slated to vote on the bill tomorrow followed by the senate with republicans hoping to get it
Back of this. They decided not to go with the hawks. Hes always been on the precipice, he decided to stay with the pack. Despite that, because of the fact we have a majority talking about stimulus over the next few months, a reduction of stimulus over the next few months, sterling is big. It has been reasonably well bit coming into today. Not news that the bank of england is saying that the market is underpricing the future Interest Rate rises. Once again, reiterating that line. Why do you think that is . Will the bank of england followthrough on the kinds of things its talking about now in a few months . Guy everyone i talked to says rates are rational right now. We have an 80 probability that the bank of england will deliver a hike in february. 50 in november. The bank will execute on a hike fairly soon. Everyone says that kind of makes sense, but then you have a whole conversation about why its never going to happen and the bank of england is not going to be in any hurry within the