Starts in the sale of its brazilian unit. Meanwhile, the german bank profits double. Heineken shares maintains guidance in strength in most of its markets upsets weak demand in africa. It tells cnbc is can weather the challenges. If you look at the next coming 25 years, the first big positive for our industry was some hiccups, but they will remain positive for the long time. Good morning, everyone. Lets get straight to some Macro Economic data in the form of eurozone july manufacturing pmi. That came in 52. 4. Versus a forecast of 52. Slightly better than expected. The june was 52. 5. What were seeing in july a tine will slowdown. Lets just go through the different economying. Spains Manufacturing Sector saw a surprise slowdown in the month of july 53. 6 below expectations but still expanding but we saw the fastest rise in employment since the start of 2007. Lets also talk about france. It was below the boom bust line of 50. July, 49. 6. But the german number was slightly better than e
Today, chinese authorities announced they will close all bitcoin exchanges by the end of this month. The currency took a massive tumble as speculators thought they were witnessing the beginning of the end. So will bitcoin recover from this . Can cryptocurrencies still prove to the world they can revolutionise and democratise trading . Or are they along with tulipmania and the dot coms of the 19905 an unsustainable economic bubble . Heres david grossman. Bitcoin has many fans but the head ofjp morgan, jamie diamond, isnt one. Its worse than tulip bulbs, he said. It wont end well. Someone is going to get killed. He is referring of course to the 17th century tulip mania that caused some bulbs to cost more than houses. Before the bubble burst. It is perhaps unsurprising that someone who runs a conventional bank doesnt much like something thats been set up specifically to get around the conventional banking system. Indeed one of the reasons for the phenomenal rise in bitcoin and other crypt
Conversation with the chairman of estee lauder about sustainability. This is the picture for your markets. Bonds, edging low. The dollar is dipping. Treasury ahead of the federal reserves last meeting. When you look at the euro, its mainly drifting on the back of what investors proceed as a possible risk of catalonia. You can see the common currency in europe gaining for the Third Straight day. Lets get the first word news. The u. S. Has blamed turkey for the instigation of the crisis between the two countries and a resolution will be needed on why americans were detained in this year. The u. S. Ambassador to turkey issued a video statement on youtube. The embassies stop issuing nonimmigrant visas which prompted a metallic terry retaliatory response by turkey. Theresa may has one support. Gois johnson and michael praised her strategy after outlining contingency plans to leave the eu without a deal, asking businesses to prepare for the worst. May said it was in the eus court, although t
Fields in just a few minutes about exactly what it tells about where they are in the First Quarter and with the rest of the year is going to look like. You the ecb bring a. M. Y decision at 7 45 eastern time. Futures be stable out there. S p 500 futures up marginally. Weve pulled further back from se highs alix time for the morning brief. Weekly initial jobless claims in the wholesale inventory the durable goods and the trade balance from march. The treasury will auction 20 billion in sevenyear notes. Finally, today is the busiest day of firstquarter earnings season with 65 Companies Reporting. Weve got alphabet, amazon and starbucks all reporting. Emma President Trump one people pulling the u. S. Out of nafta immediately. The white house as the president ruled out terminating the Free Trade Agreement after talking with the leaders of mexico and canada. Instead, the three countries will renegotiate. Provide an early test for President Trump the taiwanese will submit to the u. S. As an
Under way before the uks General Election. We will have all the details. 100,000 hotel rooms and 20 million visitors. Dubai sets its sights high as it prepares for the 2020 world expo. Well get the inside track from the hotelier hoping to cash in on the Building Boom. So luxury hotelsment we want to know whats the best perk you got from a hotel. Keep it clean. Let us know. Just use the hashtag bbcbizlive. I dread to think what people will send after that comment from sally. There is just one day to go until voters here in the uk head to the polls for the General Election. Its the Second National poll in two years after the referendum on eu membership. In light of recent terror attacks, security been a key issue on the campaign trail, but the economy will be a key factor that influences how people vote. And that could be determined by brexit. Minimising disruption to the economy is one of the most divisive issues between the governing conservatives and the opposition labour party. Since