Could the feds meeting be a catalyst for gains . Wrote erode. Dont miss our conversation with the ceo of automaker psa group. We saw gains on the s p 500. The benchmark erasing last weeks drop. The rebound in tech stocks overshadowing a slide in banks. Futures on the front foot today. Postinguropean futures gains after we saw europes benchmark close in the red yesterday. Pretty much flat right now. The 10 year yield back above. The dollar at a 22 month low. Gold futures touching 2000. If you look at the spot price we are trading at 1009 hundred 45 an ounce, edging up 0. 2 . Havee republicans presented a rescue plan to bolster the u. S. Economy. Before that, breaking headlines. 300 millionabout euros as an impairment in the secondquarter results. That is the headline just crossing from ing. We will bring more details as we get them. It is booking a 300 million euro as an impairment in secondquarter results. We have a line coming through from delivery hero, raising its guidance after gro
S p and fitch approve their assessment of the u. K. s Credit Outlook, but the pound continues to slide as fears of a Nodeal Brexit mount. Fedex in freefall. The carrier cut its profit forecast for the second straight quarter. Deutsche bank called the results rest taking lee bad breathtakingly bad. A 5050 merger. Of course, one is buying. The others. We will sort out which. They will sell some of their steak but not all in peugeot. Lets get more on that major socalled merger with milan. Ureau chief tommaso i know that pr wants us to believe this is a merger of equals as so many do. Is psa buying fiat . Tommaso good morning. Good morning, matt. How many times we have discussed on bloomberg tv about the industry. Now, the deal is really announced after more than one month of talks between fiat and peugeot. The question the answer to your question is fiat and peugeot will put together their 5050 percent company. Actually, the new company will have half the shareholders by fiat and half by
Tech supreme oh huawei the campus outside of shenzhen was open this spring from the outside its nostalgic britain large but inside it is futurism pure. While way demonstrates tomorrows world of Wireless Communications here the company uses the facility to flex its 5 g. Muscles while always take on the new technology is praised by many customers and its cheaper than 5 g. Systems from europe or the United States but many are wary with critics saying the threat for a while wait to misuse the technology is real the concern is that it would pass on user data to the Chinese Government the chairman of the company told doj avello the concerns are unfounded. All we want one way is never received any such requests during our operations over the past years and even if we received such requests in the future we would not agree to them without lawful requests we wont do anything which will a woman. Though there is no proof of Data Protection issues that while away the United States is vehement abou
Turnaround plan. The end of an era for the house that jack built. The alibaba cofounder steps down from chinas top ecommerce company. Kathleen later in Bloomberg Technology global link, apple is preparing for its biggest event of the year, unveiling his latest iphones. A quick reminder of how stocks ended the day. Kind of never really missed. We saw the s p futures pointing a little bit higher. The s p 500 was interesting today, closing within 1. 6 of its alltime high. That was a move higher. Basically flat at the close. The vix index nearly up 2 . The 10 year yield, bonds are a big story today. Some analysts are seeing the selloff in yields from germany to the u. S. , u. K. In around the world got some momentum from that stock raleigh stockmarket rally. The 10 year note yield. Go to the very far right. Backup to 1. 64. That was quite a move. More recently down around 1. 5, 1. 55. You see that. On themiddle, the yield far righthand side. You can see a bounce up to. 592 around. 49. Down
Loses another vote on an early election. And citigroup warns over trading revenue in the Third Quarter as the bank of america exec it if says his traders are doing ok. How is Morgan Stanley holding up . We speak with the ceo later today. Welcome to daybreak europe. I have three words for you. Need for adjustment. That is the tone coming from the germans. And it was the bone that whacked the bond tail. Interesting to see the global picture around bond markets being transformed by the trade narrative last week and also the hawkish talk we are getting from the ecb. Particularly northern europeans. Yes. Big move on 10 year notes over the past four days. 19 basis points. Guest post andr get a Quick Response in terms of what he thinks. Just having some difficulty hearing you. Lets turn our attention to the germans. I mentioned those three little words. Germany plans to run a balanced budget and it could be viewed as a case of an economic slump. Letterng to a finance obtained by bloomberg. So