a long term answer. but it shows that there are alternatives to the devastation of the rain forest. and that those who live here can be part of the solution for future generations. allison that i m under capital. aah! hello again. the headlines on al jazeera voters in france are casting their ballots in the 1st round, the parliamentary elections. president manuel macros coalition holds the majority of seats in the assembly, but less than 2 months after being re elected. he s facing a challenge from a left wing blog. joe hall has more from paris. lives the far left did very well if they were to successfully threaten macros majority well, that could lead to uneasy government. it could lead to haggling in negotiations with other parties. tradeoffs compromises all of which potentially undermining the government s ability to deal with voters, real and central and main concerns. the cost of living crisis here in france as it is elsewhere in europe. soaring, inflation spiraling, esp
Evolve, and heres how policy evolved should occur, but you have to maintain this ready position. Teslas stock hitting a reverse, losing around 30 billion in market value. This is after deliveries declined for the first time in nearly four years. Disney reports it secures enough votes to defeat nelson peltz. Its set to meet with the gm later today. And the swiss re ceo will hands over the reigns later aspergeas b b b berger is sets to take over in july. Lets start with the big board and show you whats going on with the european markets. Lets bring up the board. Weve got the ftse 100 down at a downside of half a percent and the ibex in spain. The citi sitting there as well as switzerland. The u. S. Futures saw quite the soggy day with the dow posting their worst day since the 5th of ma march. Also backtoback losses. You can probably point to whats happening with yields as the culprit here with the 10year hitting the highest since november. Weve got more data coming out overnight in the f
On two u. S. Dollar bonds due today staving off what would have been the first default. Xpeng announces plans to expand into germany as automakers continue discussions at the auto show. The move is about prestige according to the ceo. It is the highest standard market for oems. To be here and make our Product Available to the customers in this market will help us further penetrate the continental european market. And novo nordisk dethrones lvmh as investor appetite for weight loss drug soars. Good morning. Welcome to street signs. Just in the last couple minutes, we have been getting the final pmi numbers for the month of august in eurozone. Let me tell you, they are worse than the flash. It is not positive. The final composite pmi for eurozone is 46. 7. Lower than the flash of 47. It is suggesting that the downturn is deeper than initially thought. Just to give you context as well, the number today is down from julys figure of 48. 6. It is the lowest level we have seen since november
C cut. Iran accuses israel of an air strike on the embassy in syria with several revolutionary guards killed. And xiaomi shares surging in hong kong as the tech giant enters the ev space. With byd sales jumping it over 300,000 in march with expectations for tesla later on today. Start the show with the breaking news with the pmi. Manufacturing activity in the eurozone took a turn for the worse in march with a steeper pace than february. This looks like demand is continuing to fall. This is, of course, according to the pmi data. It did show a bit of an uptick in optimism. In terms of the actual numbers, the final eurozone pmi dipped to 46. 1 in march from februarys 46. 5. That did beat the preliminary estimate of 45. 7. We all know if you watch the show, that the below 50 mark denotes growth is not exact. If we are below 50, we dont have growth. If we are above want to get ba mark. We are seeing comments on that over the last eight months. The Manufacturing Industry is climbing. Nonethe
Many have the potential to be 5 the b billion drugs. The nasdaq closes at an alltime high as the fed is focused on the next move. And the eurozone pressures as german Producer Prices fall more than expected in the softer energy rates. Microsoft unveiling its latest lineup of a. I. Focused pcs as the race to get Artificial Intelligence tools into the hands of consumers and businesses heats up. Good morning. Welcome to street signs. Great to have you with us this morning. Lets get back to the top story. Astrazeneca aims to reach 80 billion of revenue by 2030 amid Significant Growth with the oncology and rare disease portfolios. The pharma giant will expand the drug pipeline with 20 new medicines. Arabile is joining us from cambridge. You have been talking to the cfo. Reporter i have carolin. It is one thing to have an ambitious plan, but another to get the growth from. You are nearly doubling the revenue from 45. 8 billion the to 80 billion by the end of the 2030 timeline saying they pla