Coming up, we will be talking with curtis johnson, the managing director at carlisle. Talking about what trying toericans face break into the industry. Bank and tesla are surprising reporting surprising numbers. Our guest is joining us from italy. Your metrics are strong. Been notrating has it being able to get back to shareholders because of ecb guidance . [indiscernible] the expectation is the end of december to be able to pay dividends again. A fourth quarter, are you confident you will pay dividends and about buybacks . X part of the priority. Buybacks are not a priority. [indiscernible] been inas the economy july and what are economists telling you about their mood for the future . [indiscernible] in 2021, the growth in gdp could be higher than 5 . [indiscernible] the positive trend will be in 2021 and my expectation. To take a quick break to make sure we hear you perfectly so we dont miss a word you say. We love working from home. We will get back on the interview once we fix the
Thethe allegation that [inaudible] has been involved in a scheme. Be talking to the german lender. Matt absolutely. Very interesting plunges yesterday across equity indexes especially in the u. S. Where we saw markets down almost 2 . The nasdaq down 2. 5 . Do you buy the debt . And here in europe at least we see futures still down although only by a little bit. 2 of 1 . 1 10 of a percent. S p futures have turned around so it looks like Equity Investors are not overly concerned or not concerned at least that the plunges in the u. S. And in brazil are warranted here in europe again today. Guy we have priced of it in yesterday but not all of it. That is what markets are reacting to. Lets look at the gmm. You can see the s p 500 move down 1. 8 2 . We recovered a little bit but we have not recovered all of it and that is significant. Other markets are following suit. The dollar is bid, the dollar index is up and the yen is up by one point 5 . The euro is down but it is trading north of 111.
A very warm welcome to daybreak europe, our flagship morning show from london. Im anna edwards, in london. 6 00 in london. Manus is not sitting next to me this morning. He is over in paris where it is 7 00. Good morning. He is on the ground. General motors is said to be poised to announce the sale of its vauxhall unit today. Lets start with the timing. Why now . Just thethink its final stomach churning moment. How much loss can you actually tolerate, anna . That is whats going to be on mary barrowss mind. Its almost like a bad relationship, a mistress that keeps demanding more, to the tune of 20 billion of losses since 1990. They have done everything. They have pulled chevrolet off the european market, a highly saturated market. They tried to pull the record in 2009 at the height of the crisis. Theyve tried, on a few occasions, to structurally change, but this is a brand that has not made money for them. They have not got it right in europe so they are doing the final aboutface. Anna t
John cryan will speak to us at 8 15. Car consolidation. Psa is said to purchase gms european operation for 2 billion euros. And passive aggressive. Standard life is to purchase Aberdeen Asset management as the etf industry drives fees lower and lower. Howdy will because cuts have to be to make these businesses competitive . Matt we are less than 30 minutes away from the european open and take a look at futures, down across the board. You saw u. S. Markets down as well, the cash trade there, asian stocks as well. European futures are following suit. I think more interesting is the bund trade right now, maybe it is a rebound. We saw such a huge spike in yields on friday, up to 0. 356 . But now yields are coming back down and investors are getting back into european debt, 0. 343 on the bunds. Guy lets take you to the gmm. I want to focus on the second column. I want to show you the japanese yen. It is up this morning. This is because of what is happening in north korea and there is a safe
This is bloomberg surveillance. We have a packed show for you. We have that great interview that john cryan gave us, talking about the restructuring. We also have to look at the markets. We look at china, what the fed, janet yellen told us on friday. This is the picture overall. I want to put a lot of these european stocks, Deutsche Bank down some 5 . This is after john cryan said he has a new strategy, including asking the markets for 8 billion euros. You can see a little bit of dilution in the share is what we were expecting. 0. 6 it overall, seems that european shares are being cold lower, first of all because Deutsche Bank is tumbling, but also because the metals are lower. Investors weighing Growth Prospects for china and Janet Yellens statements on Interest Rates. Geopolitical tensions also bolstering yen. I want to show you topix. 1554, a little bit lower because of japan moving to its highest possible alert level after north korea fired of the state missiles. First, lets get to