Fight against the virus. Netflix plunges in extended trading on disappointing subscriber forecast. They announced the chief content advisor will become joint ceo. This is bloomberg daybreak europe. Getting some numbers from in aton, net sales coming 55. 6 billion swedish kroner. A little bit of a beat there. Operating profit numbers also 4. 5 billiongh, swedish kroner, i had of the estimate of 3. 22. They had to take provisioning in china was a question analysts were asking, and what impact that would have on their margin. The ongoing conversation about 5g and the travails of huawei, how much is that impacting the ericsson business model. Some of the market moves we had seen overnight, stock specifics in corporate reporting. Plenty more of that coming. This is what we have on the data, euro stoxx 50 futures higher. S p futures higher but not by much. The Asian Session has been mixed. Nasdaq futures also higher, despite the disappointment of netflix. , we have had the ecb meeting, but n
The week. Vix below 30. We have a stronger euro today. Europe definitely doing better on the coronavirus front. The 10year yield holding at those lows of 64 basis points. Kicking off this week. Investors awaiting report from the largest u. S. Banks. Lets get to brian levitt, invesco Advisors Global strategist. It seems there is more optimism than pessimism on the earnings front. Why should that be . Brian i think it is largely not investors view the Second Quarter as being priced in by the markets. 35 in 20 was down days, pricing in a bad secondquarter, and a big hit to earnings. From there, you assess whether things start to get better as the year progresses. Investors are largely looking out beyond the Second Quarter as there has been resumption in , as mobilityvity has improved, conditions have improved. It is largely a look at things getting better, rather than taking the Second Quarter will be anything but pretty ugly. Vonnie it seems investors will be cheered by anything. If you
Under an hour left in the session. Lots coming up on todays show a big exclusive interview with bank of americas ceo. Well get a read on the Small Business relief program. He joins us live in about ten minutes time plus as retail bankruptcy concerns swirl, well speak with the president of sax fifth avenue about whether customers h actually return to stores when doors do reopen but first, lets focus on the big stories of the day. Mike is tracking the market pullback on this first day of may. Josh is covering apple diedra is watching amazons move and phil has the shocking tweet from elon musk that sent teslas shares tumbling. Mike the s p 500 down almost 3 today. About 3. 5, 4 from its highs just two days ago. Look at a chart. Just to map where we are down about 4 we had broken on a shortterm basis the uptrend from march i dont think anyones going to get too concerned about this unless it goes deeper than at least 2550 week and a day or so ago, last tuesday, we were down around 2730 so w
That affect us hold Water Pollution Climate Change and the returns. For the present check out. The truth. Mario draghi departs with a bang the president of the European Central bank announcing another stimulus package right before the end of his tenure really be enough to deal with the most life outside factors that are half bring the euro zones economy also coming up as argentinas economic crisis deepens politicians and members of the church Want Parliament to issue a food emergency law and germanys flagship car show faces an existential crisis perhaps this was the last fall. Im a sitting chancellor open the frankfurt book. Because of the program the European Central bank has unveiled a fresh stimulus plan aimed at boosting the eurozone economy among the measures are the reintroduction of a Bond Buying Program and another cut in Interest Rates pushing borrowing costs further into negative territory the move is part of efforts to get inflation to just under 2 percent the level experts
Santa rosa at 48 degrees. And temperatures anywhere from four degrees to 17 degrees cooler than yesterday at this time. Napa airport. This is a big drop there. Livermol actioner minus 11. 44 also pope valley at 44. There are some cool readings. And in the upper 40s. Overall lots of sunshine. Still technically summer. We are getting a little warm up. 60s and 70s. Upper 70s and low 80s. 6 01. Alley is here. This commute is we are going to start with bart. That is that tenminute delay. Bart towards antioch. A delay because of an equipment problem on the track. Well continue to keep an eye on that. This is probably the toughest spot where we are going to show you on the map. This is westbound 580. Westbound 205. The tracy commute. There was an earlier crash at north glenn road. That has been cleared. This is slowly recovering. You see some slowing on westbound 84 from livermore. Taking a look at the rest of the east bay, things look pretty good. A little bit of slowing on southbound 880 in