Amazon, the latest in the eu cross hairs, facing a probe over possible anticompetitive Business Practices. Plus, ralph lauren and le le strauss in the red, both downgraded to sell at Goldman Sachs. And a tariff fueled strategy shift. Apple reportedly set to begin trial production of air pods outside of china and into vietnam. Another case of big tech under International Scrutiny amazon facing a formal eu antitrust investigation into its dealings with third party merchants. European competition commissioner margaret says based on the commissions preliminary fact finding, amazon appears to use competitively Sensitive Information about marketplace sellers, products and transactions on the marketplace and response amazon issued a statement saying, quote, we will cooperate fully with the European Commission and continue working hard to support businesses of all size and help them grow. This is the last thing some of these companies i would point out that they just brought an agreement with
Lundstedt. Pass the mustard mccormick buys Reckitt Benckisers food business for 4. 2 billion, adding frenchs mustard and franks hot sauce to the company spice rack the ceo of akzonobel steps down citing Health Reasons as the Dutch Chemicals Company continues to battle activist investor elliott managements attempts to oust its chairman. Weve had so many numbers out of scandinavia the last couple of days and speaking to so many ceos out of that region. Ericsson yesterday tough numbers there. Great numbers today from scedbank we spoke to tele2 who are weathering regulatory problems left, right and center and electrolux and volvo are moving in Different Directions on the market today, but electrolux upgraded its north american outlook after a stronger than expected rise in Second Quarter earnings. The swedish appliance maker upped air north American Growth star get to 3 to 4 citing strengthening demand and a favorable macro environment. Its not the only firm today citing a pick up in north
Friday, its what makes the markets move here, including todd where the dow dipped 22 point, s p inched up 0. 18 , the nasdaq advanced 0. 31 . While the trump factor is always going to be with us, it certainly isnt the be all and end all. What matters during earnings season are the numbers, the readthroughs and the derivatives of those numbers are driving stocks. What do i mean by these concepts . What makes them so important . Lets start with the nasdaq. Did you notice the intraday pep in its step . Do you know what caused it . The nasdaqs intraday bounce had everything to do with a Company Called asml. Asml. A Dutch Semiconductor equipment maker that reported outstanding numbers last night, causing the stock to rally more than seven points. All right. You may not know this 54 billion company, but youve definitely heard of their clients. Think intel, samsung, taiwan semitexas instruments, which order gigantic, expensive pieces of equipment from asml in order to make all sorts of chips
For burberry, as the designer calls the market challenging, weighing on sales growth and sending shares lower in london trade. Akzonobels First Quarter profit beats expectations as the paintmaker unveils a new strategy it hopes will secure its future as a standalone firm amid a bidding battle with ppg. Good morning, everyone. Yes, youre watching street signs. Glad youre with us on the show today we have all things covered coming from the political side in response to theresa may calling the snap election for june 8th. What does it mean for your money and your investments. Well talk much more about this during the show. Lets look at the European Equity markets. Looking at a fairly mixed picture. The ftse 100 off by 0. 1 after the index saw its biggest oneday loss since the brexit vote yesterday. This was in large part because of the strength that we saw in the pound sterling, but also the weakness in the mining stocks. Xetra dax is up by 20 points. Cac 40 hugging the flat line. Lets con
Commerce ministry calls on the Netherlands to ‘refrain from abusing export control measures’ and says Washington is trying to ‘disrupt the supply chain’.