Deal. No let up in germany. Angela merkel ruled out further loosening of measures after europes largest economy records the biggest spike in cases in four months. Asian stocks trade mixed following a fresh record on wall street. European futures point to a positive open. Good morning, everybody. Welcome to the program this wednesday morning. Lets have a look at terms of breaking news. Notes coming through mace maersk. The fullyear numbers, 6,000,000,0007,000,000,000. This is new guidance coming through. That is interesting in itself. The guidance we previously had in the year had been withdrawn by this business which operates 20 of the world container fleet. They are giving us this new guidance here. Looking at the underlying profit numbers for the second quarter. This is the backward looking part of it. The underlying profit data is 359 million dollars. They have done better than the estimates. We will be speaking into the management of maersk later on in programming. We have u. K. Ct
Even though the downtown proper has not been burned, but seen the embers theyve seen with these winds can do hn the wind is for us to pick up again. Tomorrow, so they dont want to endanger anybody yet now the good news is the evacuation area has not grown, but it is. Massive and thats the are you see in that beige color and all those red dots represent the fires that have popped up inside entire complex of fires that are burning every time number drops to start to fire another red dot appears the larger the dot. The hotter that particular fire is burning and you can see theyre all nestled up into the canyons and ridges and the slopes of the mountains there east of guys are evil and it is very tough terrain. The air really is their best way to fight it and were told that today. Theyre really going to hammer it from sara stinson is live near the fire lines this morning and sara you were there. 24 hours ago and counted i think 10 or 12 homes that burned to the ground yourself and now we k
An economic obstruction. So youre not seeing such impact as were here for them any impact for us in more broadly in the region . Very broadly economic impact. We continue to believe that the growth of the apac region excluding china and japan will be 4. 3 up from 4. 0 , so an acceleration of growth in 202a. If you read the report of our Economics Team there is virtually no mention of the red sea as having an economic impact. Certainly it has a Supply Chain Impact in the sense that orders have to be placed earlier and transit times are longer. Its harder to forecast if the time between when you order and when you sell your goods is longer by two to four weeks. In general were not seeing a huge economic disruption in this region. How have they managed to accommodate this or navigate whats been happening over there and being able to mitigate it for the end consumer . The simple answer is capacity. During the pandemic, the ocean carriers ordered a lot of ships. They had a lot of cash on ha
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We see a new alltime high on the s p 500. A very good morning from new york city under audiences worldwide. Alongside manus cranny and katie. Im carol massar. We are also watching oil closely backing off. We want to get to the market boards for you. It is coming after a 2. 7 gain yesterday as we continue to be concerned about escalation in the middle east. Lets bring in the team. Once again i feel like we expect it to be a quiet day but the themes continue. You see oil taking a bit of a breather. That was after a pretty dramatic tuesday that we saw. I know we were asking the question about what was going to wake oil up. What a slide its been since midoctober. It seems in geopolitical premium coming in. Im surprised the 6 is all we got in terms of the repricing. In the past 24 hours we discussed the attacks in the red sea and the u. S. Approach to iraq but the overnight news is about the conversations between joe biden and the qataris. This is about hostage release, this is about pushin