Shares in Germanys Thyssenkrupp surge after theyre set to buy them. They go wild for hasboros purchase of pep pa pig at a huge premium. And g7 leaders prepare to meet in france with the summit unlikely to end with a formal communique for the first time in its 44 year history fed chair Jerome Powell is set to address the group at jackson hole later on today. The fomc minutes released this week showed members remained divided over a decision to lower rates by a quarter percentage point but policy makers agreed that the move should not be seen as a signal that rates are on a preset course. Now this morning in europe were seeing stocks move higher as investors await this key speech from the Federal Reserve chairman at jackson hole we have the ftse 100 up 0. 6 the dax up a third of a percentage point and the cac and the italian index also moving higher and in italy were all watching Political Developments there. The president has given the Political Parties until tuesday to try to get toget
Josh brown its been a safe spot for august its entirely to be expected where bond yields. I was asking people today, you can have a 30year treasury, or and whatever up side you might get. Yielding 4. 17 , plus a buyback, which one do you want . I was amaze d you dont think tl is volatile . Or look at the balance sheet, too much dead. Theyre supposed to have a lot of debt. The other pushback is the bond picture details something recessionary but there are some categories better than Others Companies that have a business that seems to be less reliant on discretionary Consumer Spending. Its that they will provide padding or cushioning. I dont know how much cushioning there is left at these prices. Bo pisani is diving back into new controversial brexit headlines, and mike santoli nice rally. Energy stocking keep going down okay, most of the stocks are down, and many are near lows routinely. They had very missioned everyone results. Look at the months, and dillards and khols down, most of t
Decline, 1. 54 . Up morestens spread than four basis points. Again, nvidia is one of the top performers today in the s p 500. Its having its best day of 2019, in fact. Analysts see gained strength. Guy as youve just shown us, equity markets a little higher today. As we were hearing at the back of the last program, no big headlines today. The market feeling much more stable, and a more stable session on both sides of the atlantic, but what a week it has been. The stoxx 600 in europe down, down, down, getting a lift today. We are down 8 10 of 1 on the week. Lets show you some other asset classes. The german tenyear kind of stable today. We are moving by one basis point , still 70 at the front end of the curve. We are watching may be an effort to unseat boris johnson. The market likes that, up 6 10 of 1 . Dkk, the danish krona the danish kronor, because apparently the u. S. President wants to buy greenland. Vonnie financials had a bit of a tough time as rates have started to come down, an
War. David what can opec do about it . I will put a chart that illustrates what youve been saying. Outlook is down, normally that would drive prices up, but now prices coming down. That points out it is the main issue. Opec cannot do much about that, can they . Kevin helen absolutely not. Saudi arabia has been leading the cuts opec and its allies agreed in terms if the amount they can take off the market. Saudi arabia has voluntarily cut much more than a pledge to do. The fact that crude prices in london are around 60 a barrel, well believe the level most opec producers need to balance their budget, there is not a huge amount more they can do. As you mentioned before, prices are reacting to what has been going on in terms of expectations of Global Economic growth and the slumping equities we have seen recently. This week in particular weve seen a lot of volatile a couple of days ago there was a 5 drops in crude prices on both sides of the atlantic. Both brent and wti. As you can see, t
Nejra welcome to daybreak europe. It has just gone 6 00 in london. An absolute earnings long on spot. The Second Quarter adjusted operating income comes in at 225 million euros. The estimate was 289 million euros. On the Second Quarter, adjusted operating income, that looks to be a miss. 225 versus the estimate of 289. The secondquarter adjusted operating income there at 305. The estimate at 289. Thats a correction coming through there. That secondquarter adjusted operating income is a beat. The initial number look like a mess. Miss. Secondquarter revenue. 2. 4 5 billion euros. The estimate was 2. 47. A slight miss on the revenue. To their ceo. Dont miss that interview at 7 30 a. M. London time. Deutsche bank, we are getting numbers from that. The big focus for investors is going to be the execution of the turnaround plan. If i could get to the headline numbers right now. Secondquarter trading revenue at 1. 6 9 billion euros. The estimate was 1. 7 9 billion. Givent a huge a prize what