A move that would mark a stark change for the owner of craft and burger king. Nejra welcome to daybreak europe. We are coming to the tail end of earnings season. We have numbers breaking from abm amro. The thirdquarter operating income comes in at 2. 1 billion euros. The estimate was 2. 13. Buts a little soft thirdquarter operating income pretty much in line. The thirdquarter profit income ratio, 59. 4 . Comments coming through here is that the timing of the completion of the dutch probe is uncertain. A few things to digest. We will speak to their cfo, coming up. To the markets. We are seeing a down day in asia. We heard a lot from President Trump yesterday, speaking about trade and the fed, comments we could see a trade deal. If we dont have a tariff hike. We are seeing risk off in equity markets. The hang seng leading declines with a Third Straight day of protest in hong kong. Volatility rising in that index as well. The kiwi is jumping the most in nine months. Switch over the board
Wall street watching washington today. Stocks set for a lower open. Google, the banker. The search giant reportedly planning to offer Checking Accounts next year and nikes amazon challenge, the sports wear retailer set to stop selling its clothes and shoes directly to the ecommerce giant. Wall streets going to pay close attention to events on capitol hilld chair powell will testify before the joint Economic Committee of congress and the nation will hear public testimony from house impeachment witnesses for the first time the inquiry surrounding the president s actions toward ukraine, for our purposes, jim, well see what powell says first as we expect him to say the economy is in a good place. Yesterday was a punitive moment with President Trump calling for negative rates and i think that a lot of what lets just call all of our watchers who are in the professional side of things, i think were unanimous in what was that about, thats off the reservation. I think jay powell is immune to it
Basically, what weve got today is a reversal of what weve had over the last few sessions. He bond proxies are back health care is doing well today. We are seeing a selloff in the banks and a selloff in the auto sector, down by 1. 4 . Maybe the president didnt quite go as far as everybody was into spitting yesterday in pushing back the idea that european auto tariffs are a risk. We also see some weakness in the spanish market once again. The market not liking what is happening with spanish politics at the moment, and the coalition that is being put together. Again, it is the banks under pressure. The ibex down by 1. 5 . Vonnie fed chair Jerome Powell will deliver remarks on capitol hill in about an hour before the congressional joint Economic Committee. Powell saying in compared testimony that Central Bank Policy is appropriate as long as the economy stays on track. Joining us now for a bit of a dissection of where the fed stands, even as public impeachment inquiries get underway in was
Outlook and some of the things we have done with regards to the tax cuts and jobs act, different regulatory changes, to maintain the growth we have seen or expanded, what recommendations would you give . I think the outlook is still a positive one. There is no reason the expansion cannot continue. There is a lot of value in continuing it. We have to use our tools to accomplish that. We are seeing in the 11th year longest inion, the u. S. Recorded history, what we are seeing is that income gains are the highest at the lower end scale, so it is positive. We are also seeing people being pulled back into the labor market. There is a lot to like about this rare place of the 11th year of expansion. I think we are committed to doing what we can to expand it. Rep. Herrera beutler in that know your testimony touched on concerns with the national debt. Could you elaborate on that and how it should be addressed, particularly as it relates to expanding or at least not contracting the economy . Cha
Its veterans day but 11 11. The number one its 11 11 i know that it was 11 11. They celebrate their cingsi g singularity and everyone gets married. Putting an end to the singles day they have taylor swift kicking it all off for them. You are not single. No. Disappointing so many of our viewers out there. Stop it what time is it 6 01 didnt take me long. If you have it, lets flaunt it. Lets get on to the news. The elephant in the room. Okay im usually looking at andrew, so, this is very difficult for me please take it away, becky. Thats right. Thats great. Can you make mine, can you soften mine up a little bit . Wow. Im losing you know who i feel like the bengals versus the ravens. Or the giants versus the jets i had the stupid giants did you see what i tweeted out yesterday . New york post. Bengals will keep it close versus the ravens. 4910. Close only up by omar jackson was amazing in that game. Amazing looks like michael vick i tweeted out to the guy at the post. I said, keep your day