Argos delivers fo sainsburys as the uk retailer reports like for like sales ahead of forecasts, while cost cutting improves its bottom line good morning happy Independence Day to those celebrating it today volumes will be lower across europe as a result of that lets look at the ftse 100, off by 0. 3 . The cac 40 off by 0. 2. The xetra daxtrending lower. Oil prices reversing recent gains. Weve seen eight days of gains lets show you the sectors one by one autos, insurance and banks higher technology, telecoms a touch lower. I wanted to come back to some big stories. German generic drug company stada is trading higher as bain capital and cinven may seek approval from regulators to submit a revised bid to the group. And now lets talk about clariant a group of shareholders urged others to rejected the proposed merger with huntsman corvex says the deal wont unlock value and we saw some big moves in the u. S. Dollar yesterday and the u. S. Twoyear yields they closed at the highest level since
Course, maybe the best bit of the show. In fact, our political edhon the show. In fact, our Political Editor, Christopher Hope, will be live as he works his way around the official post debate spin room. Patrick is live now with our audience in the other studio behind me. Patrick, studio behind me. Patrick, whats going on. 7 i heard, claims of my dad was a toolmaker protest from outside. Whats, whats going on. 7 yeah, well, there have been some protests outside. There was, the toolmaker comment. His dad now worked in a factory instead of actually made the tools. So there was that side of things. But yes, we are in the gb news watch room here. This has been, i think, the spiciest debate so far. Its actually been really quite entertaining, gambling and integrity came up, benefits has come up , borders integrity came up, benefits has come up, borders has come up. It got really quite tasty at quite a few times. So weve got some great clips to play you and this audience that you can see aro
Weve got going on here, judge. Its selectively bad just like its selectively good. Nordstrom coach, target, gap. Not a single stock in that group that i just read is up. True. Buy on labor day. Sell them black friday. If you adhered to that, you did very, very well. If you overstayed your welcome in some of the names you just talked about, scott, then its a rough week for you, but i think a lot of folks did do that seasonal trade and took the money off because the runs were so spectacular. You had the xrt, weiss, was up 8 in november. The etf that tracks the retail stocks. Now its rolled over. Yesterday had the worst day since midmay. Why . They were too far extended. The bulls were too far. They didnt deserve to be there. Do you think this was part of the trump rally that got so far ahead of itself . People people were talking about consumers are going to get this tax cut. Forget business taxes. A personal tax cut. They were going to go back and then clearly first parts were indiscrim
Four years. This is bloomberg. Bloomberg technology is next. Caroline this is bloomberg technology. Up, the Obama Administrations parting shot at russia for hacking during the u. S. President ial election. Lust, the roadmap for cable tv in 2017. How the at t and time warner marriage could be the new norm. And the ai addiction. We will look into the exploding voiceactivated Smart Speaker market. Now to our lead. Administration brings new sanctions against russian officials and agencies for trying to interfere with the u. S. President ial election by hacking Democratic Party males. In a statement, the president said, all americans should be alarmed by russias actions. These could only have been directed by the highest levels of the russian government. Meanwhile, a spokesman for the kremlin says the russian reaction will create discomfort for the u. S. , and the sanctions are to undermine the Trump Administration. Joining us is a former analyst for the Central Intelligence agency. Wonderf
Four years. This is bloomberg. Bloomberg technology is next. Caroline this is bloomberg technology. Up, the Obama Administrations parting shot at russia for hacking during the u. S. President ial election. Lust, the roadmap for cable tv in 2017. How the at t and time warner marriage could be the new norm. And the ai addiction. We will look into the exploding voiceactivated Smart Speaker market. Now to our lead. Administration brings new sanctions against russian officials and agencies for trying to interfere with the u. S. President ial election by hacking Democratic Party males. In a statement, the president said, all americans should be alarmed by russias actions. These could only have been directed by the highest levels of the russian government. Meanwhile, a spokesman for the kremlin says the russian reaction will create discomfort for the u. S. , and the sanctions are to undermine the Trump Administration. Joining us is a former analyst for the Central Intelligence agency. Wonderf