Yield backing up about four basis points. We are now 25 basis points away from a bill gross who is now saying we could desk could be a could be a game changer. David a big day for earnings. Billion and18. 8 67 gspershare, dollar 1. 67. This be a pattern of earnings with 80 of companies. Alix revenue and sales on that. Energy leading the way. Conoco out with their earnings. A 2. 5ws come in billion, earning be as wells. As well. We saw the same thing happen with shell. The production missing a little bit. Up, 5. 5 billion so far this year. Cash flows at 2. 5 billion. What are they going to do with the cash flow . How sustainable is the higher cash flow . David we have someone joining us who will tell us. Dicker is looking at that. Alibaba announce their earnings and they beat as well. Per share. Yuan total79. 8 billion yuan revenue. 30 on theire back payment system. 33 on their payment system. Myx so i will put it in right pocket and left pocket and that is how we rounded out. David the
Lets check on your markets. We are getting some euro area manufacturing pmi figures. 59. 6, thatphone to is pretty much in line with what economists expected. Higher. 10m also looking at the u. S. Year yield twoyear yield. The dollar you can see steady. We have a lot coming up right here on bloomberg surveillance. We get the latest equity market calls. Find out why he sees a correction soon. Userwe talk facebooks big news. To someone from Credit Suisse. Here is nejra cehic. Nejra u. S. Oil production has surged over 10 Million Barrels a day for the first time in decades. That comes just weeks after the International Energy agency said american output would push past saudi arabia. Decades of declining output has been reversed and the nation has been turned into an exporter. The u. K. Will agree to in transition. Told themn china, he that free trade deals would still be some time away if there is a transitional phase in which britain cannot negotiate with third countries. The uks Prime M
Global bonds fall as yields hit a monthly high positive for the First Time Since 2015. And release from a gilded case saudi investor, alwaleed is freed after reaching a settlement with kingdom officials. Its been a flat start to this mornings trade the stoxx 600 down there very lightly. Less than 0. 1 of 1 . As we take a look at specific markets across the continent, you can see whats driving that very small downward pressure ftse off 0. 1 and the cac will slightly down lets take a look at the sectors and see the action there basic receptors, up 1 auto down 0. 5 lets take a look at specific stocks now ams has nearly doubled its revenue. Posting over 1 billion euros for 2015 and raised its outlook thats boosted from customers like apple ams expects Revenue Growth flew 2019 you can see other action, micro ceus in austria up, stmicro and the same for dialup up 5 this morning. Lets talk about President Trump. Hes indicated hes considering taking action against the European Union against it
Welcome to countdown. Its 6 00 in london. Another day, another story out of china lets start with the chinese equity markets. This is a picture of the shanghai composition, your today. Shanghai compensate, your ear to date. What have we lost so far on this Chinese Market . We have lost 3. 9 trillion worth of value in less than a month. Such is the level of trading halts we are seeing on the Chinese Market. The latest government headline is being described as an act of desperation. Lets talk about the u. S. Equity markets a number of issues. We saw the u. S. Equity markets fully open for the last hour of trading. The nyse suffered a threehour trading hold because of the software update. Other trading was open all the way through the afternoon session. Still, amazing developments we will come back to that. The fact that we saw the fed concerned about greece in china, that weighed on stocks. Lets talk a little bit about what happened in the Asian Session today. Chinas stocks are up and tr
World. Its the central hub of all things mariinsky. Valery gergiev gave me a tour. Here is my conversation with him at the new opera house. This is a new home and an old home because we are sitting in the new mariinsky theater. When you first came as a man in your 20s, what was the attraction and what was the history of the place . Valery so great to have you here, first of all. Welcome to st. Petersburg. Welcome to one of the mariinsky theaters. Long ago, i was a student in the leningrad conservatory of music. Tchaikovsky studied here and was one of the most famous and now overall the most famous musician. Charlie and the famous tchaikovsky competition. Valery im chairman of that committee and im responsible of inviting the international jury, organizing the orchestral performance and participation. Its a big register goal issue. It is expensive but very important since we started. It is now watched in 144 countries. He was an honorary chairman, an honorary leader, a Great American le