Im anna edwards. Were getting numbers coming through from phillips. Fourth quarter revenue came in at 71. 4 billion euros. Broadly in line with what the markets were expecting. Growth of 2 . Of course the focus is on the part of the business that philips is going to keep. They tried to sell to a Chinese Business but the u. S. Stopped them from doing that. Who are they talking about to . What kind of price are they looking for . How has that business performed . What can they tell us about the falling apart of that deal . Their ablingte ability of being able to sell that part of the business and the broader lighting section. Market turbulence and how the china theme is playing out. The numbers surprised everybody overnight. Despite all the turbulence and speculation about china, they raised their guidance. They will earn between six and 640. The earnings per share up by 46 . Their orders for at the mobile business doing better. The Energy Business doing better and of course currencies.
Youve got equity markets rising. The dax down by 0. 3 . Lets check in and see who is driving. Citigroup down by a third. It is almost as if the equity markets want more focus on the giving side of the testimony from janet yellen. Versus not being concerned about bubbles, versus the fed reserve being concerned about technology stocks. China gdp coming in higher than the market had estimated. There is very little to drive the market higher. The conclusion comes down to this, the china data is being trumped by the Federal Reserve both in terms of Janet Yellens delivery and in terms of what the Federal Reserve report actually says about where we are with overvaluation. That is going to play into the market. Ryan and caroline both mentioned a couple stocks on the open. Lets see if we can get any valuations on asml. We will take you through the details of what extreme ultraviolet delivery in terms of machines. , you are seeing a total income rise of 16 . They are validating the purchase of b
Thanks for joining us. Got one or two problems with our Technical Department there, but lets focus on our main story. Russian president Vladimir Putin has used his annual state of the nation address to attack the west for what he described as its hypocritical attitude over the conflict in ukraine. The president said he was certain that if ukraine hadnt experienced a political crisis, the west would have come up with another excuse to contain russian power. Russias economy has been hurt by western sanctions over the countrys role in the confrontation in ukraine. Also by the fall in oil prices. Mr. Putin said that events in ukraine were simply an excuse to impose sanctions on russia. Well, our correspondent in moscow Sarah Rainsford has been following this speech. She gave me her reaction to what he had to say. As feared, we cant bring you that at the moment, so we will come back to that if we can a little bit later in the program. The situation facing mr. Putin, a challenging effort in
Good morning. You are watching the pulse. I am guy johnson. Francine lacqua not here today. She will be back on monday. Mark reckless of the u. K. Independent party has claimed a victory in the rochester parliamentary by election. Maybe a slightly bigger win was anticipated. , he madectory speech the point that ukip is gathering momentum. I wish i had the words to say how grateful i am. This is your victory. If we can win here, we can win across the country. If you vote ukip, you get you cap. Get ukip. Rec list affected to you cap from the conservative party. The chancesraises that more mps could make the same move. Speaking earlier this morning, ukip leader nigel farage praised reckless. These men have left the conservative party and had the necksge to put their on the line by forcing by elections. The kind of behavior we havent seen in british politics for half a century. Nigel farage speaking to anna edwards earlier. Rob hutton joins us on the phone from rochester. Good morning to y
In the First Quarter, a drop from the First Quarter. Analysts were looking at increase. That really speaks to the idea that the volatility we have seen in the Fourth Quarter is not necessarily helping revenue. Reporting its first training revenue since the financial crisis. The volatility people thought would be good has turned out to be a bad volatility. Also in the citigroup report, we have a Net Interest Margin of 2. 92 . It is a little bit better than what analysts have been looking for. An improvement over the Third Quarter as well. Wells fargo at 2. 4 , slightly better than what it had been anticipated to report. Still looking at 20 year lows. It is a continued weight on the banks. Trading right now is down about 2 . Thank you. We will check back in with you later. I wanted to give our viewers a look at the top stories. Definitely at the top of the list. The central bank has rocked the Financial Market this morning. Its minimum Exchange Rate against the euro will no longer fund a