Strengthening as asiapacific nations signed the Worlds Largest regional freetrade deal. President trump plains fresh hardline moves against china. M a at the double. Pnc financial agrees to buy a usa unit for 11. 6 billion and creating a european giant. Very good morning to you. Market,to bloomberg the european open go lets get the european open. Revenues coming in at 21. 4 3 billion euros, just a touch ahead in line with the estimate, reaffirming their cash flow guidance for the full year 2021, something perhaps to have that kind of visibility at this point. They say they are on track to ipo. This has been a talking point, what kind of money were they going to raise . There has been talk of perhaps a 4 billion euro ipo coming next year. , it hasthe same unit been valued by some at 20 billion euros. That would make it the largest listing in europe in more than three years. We will be keeping an eye on that. Vodafone said they are on track with that plan. Marketst to the broader and loo
New york city to your couch somewhere in the world, this is the daily social distancing show with Trevor Noah Trevor today marks exactly seven months since march 15th. That was the day when i first started doing this show from my apartment, and im not going to lie i did not think we would still be here in october. Aaahhh i hope somebodys been going to office to water my puppy. Sad truth is, the Global Pandemic is not only still with us but in many places are getting worse. Cases are rising so fast in europe paris imposed a curfew from 9 00 a. M. To 6 00 p. M. , which means frenchmen will have no time to see their secret families. Things arent looking at that great in america either where were seeing the start of a third wave which is really concerning. You never want to shout corona would be at the next board meeting. Could we stop calling it a wave . That sounds relaxing. Doesnt sound severe enough. How about a third tsunami, monsoon, bitch slap of corona . On a hopeful note, it is go
The stoxx 600 up by 0. 7 . It has not given up gains of yesterday. The ibex continues to outperform. It has been one of the most beaten up during the covid crisis. The s p is down by 0. 8 percent. Crude is still up, trading at 42. 82. This demand expectation goes handinhand with the travel story, but crude stocks in europe are some of the best performers. Oil certainly gaining on a number of fronts. We continue to see what is happening in the bond market, and we watch this very carefully. I think the german bond market increasingly, certainly over the last day or so, feeling like it has been driven by what is happening in treasuries. Treasuries moving up to that 1 mark, having an effect on what is happening in germany. Interest overwith the next few days. It is only tuesday. Alix thanks for that. It was an ugly close yesterday for the u. S. As guy was mentioning, eu negotiators reaching a deal on the longterm budget, expected to add about 2 to the eus economic output in the coming year
Monsoon, bitch slap of corona . On a hopeful note, it is good to remember that its not the size of the wave that matters but its the motion of the what . Oh, the size does matter. Oh, so the motion doesnt doesnt affect it at all . Is were screwed. While things are starting to get worse again, the crazy thing is the Trump Administration is pretending that the crisis is over. Not only is the superspreader in chief running around the country breathing on everyone in a maga hat, but Rudy Giuliani trumps top lawyer and white house halloween decoration told a rally the other day that people dont die of this disease anymore, which is easy for him to say. Hes been dead twelve years. None of this is surprising. Trump and his people have been in denial about this virus from the beginning, or at least in public. Because now were finding out that while the rest of us are still performing for a normal year of movies and haircuts, trumps rich friends were getting a heads up about what is really abou
Action, announcing a fourweek shutdown of all restaurants and bars and france requiring people to remain in their homes except going out for essentials and here in the u. S. , a new round of coronavirus a hit to the economy because of recessions abroad. Guy, what do you say its fascinating. The market hasnt cared about a lot of stuff you mentioned except for this week i have been wondering why the market hadnt been selling off one of the things i was saying was it was stuck above 25, but the market didnt care so my views were dead wrong. Now the market cares i will paint a rosy picture tomorrow tomorrow they closed either side of 40. Go back and look i think june 11th it popped out at 40. You could potentially see a washout tomorrow morning down to 32. 09 which was a september low. Maybe close off those lows some huge earnings from these companies, maybe it will be the mother of return gains friday. I think 32. 09 is the likely place of support on the s p. Today was shocking, tim, but