9 00 in london. Good morning. You are watching the pulse. Im guy johnson. Francine lacqua is not here today. She will be back on monday. We are speaking on ifo, but right now im going to bring you the numbers. Hans will be able to break them down. Ifo confidence may number at 108. 5. Median forecast 108. 3. The Current Assessment index 114 point i think we are seeing a slight dip. Essentially, fairly stable numbers being generated. At the moment, what youre seeing is while you are seeing a reduction in things like pmi and maybe headline gdp numbers what you are starting to see is a pickup in investment again. We will break that down further in a moment. Lets talk about greece. Lets talk about what has been happening over the last 24 hours. Speaking in riga, Angela Merkel has reiterated their is still a lot to do regarding talks with greece. I will have some bilateral talks and have already spoken last night with the french president and the greek Prime Minister. It was a very friendly
It gathered pace when yellin suggested we were in a different kind of mode. Where we are with some of the individual names vodafone had the rating reduced by s p. The debt rating has been cut. Thats the third lowest. 449 for the current offer. Get ready for more. That seems to be the news. They are preparing for a new offer of 500 swiss francs. We are trading below the current did. The market current bid. The market is a little bit unconvinced to do a deal at that price. They got tenants to stay. He is calling the bottom of the euro. It is going to base out around 104. You have quantitative easing. You have to really move on the machinations of greece. It really reinvigorated itself. You had yellin saying to get ready for higher rates. 12 year low. Will it get to 132. You enjoy the weekend. Spanish inflation month on month. The preliminary reading comes in at 0. 5 . 2 . The Inflation Numbers better than expectations. We get the final reading followed by inflation of italy. Bit later gr
Janet yellens math on the economy. Why the u. S. Military grounded its affect and 35s. And why a plan to sue president obama is paying dividends for democrats. We have heard time and time again claims from bill ackman that herbalife is a pyramid scheme. The company and carl icahn say those claims are without merit. In march, the u. S. Federal trade commission opened an investigation, and the Illinois State attorney general has been looking into complaints filed by 16 latinos outside of chicago. A claimed they were duped out of their life savings and herbalife is to blame. Duane stanford has been looking into those claims. We are headed to a community lulac,un by lou lack a major Latino Advocacy group in the united states. They have come out strongly against herbalife. They believe the company has been taking advantage of latinos. Lulac has pulled together victims. Document 25,000 he has lost. He is a good example of the kind of person bill ackman says is being taken advantage of. How a
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