Sector, state owned companies will be held accountable for debt. Haidi frankfurt is the brexit winner, Deutsche Bank and citibank the latest to confirm their move. Rishaad show us the money, any money. The cashless economy and a market worth trillions. It seems like all the event risk is behind us. Forward to some people putting their feet up boj, allay, ecb, coming out with policy statements. Conundrum presents a for mario draghi. Despite being incredibly dovish after that ecb lack of action yesterday, we have a split on whether the ecb should be changing its quantitative easing language, deferring how and when on the next to towards normalization later this sheer. Index, a basket of currencies, back to levels before qe started, in fact, slightly higher. The conundrum is if you look at inflation, it has crept up to being higher than that. , and indeed,enign perhaps, that does portend, tell you some dovish this in the European Central bank. Again, it is the idea of how you interpret wh
Morning show in the city of london. Im anna edwards. We have a host of earnings. Manus is on location. He will be with us later. Firstly, from philip, this Dutch Company increasingly medical business, the maker of medical scanners and diagnostic giving us at their numbers. There up 4. 4 . Second quarter revenue, 4. 3 billion euros. 6. 14, only three estimates involved in that number. We will delve into the details there. 439 Million Euros. That company has been on a takeover streak come making numerous acquisitions including in the u. S. Where it bought a maker of devices to treat cardiac diseases. They still own 40 stake in phillips lighting although that is part of the old phillips visit, if youd like. They have been moving away from that area. They have been moving into the growing Health Care Technology business. The outlook is what investors wanted to know. Are they going to keep their outlook two raise our ability. To raise probability. We will put all of those questions, includi
Bmw denies admissions test cheating. Could merkel be forced to take a stand . Matt less than a halfhour to the european open. Take a look at how futures are trading after a down week last week. We are seeing a slight gain for stocks, futures. You see gains on the ibex in spain. You see gains on futures in stockholm. The futures are all trading down right now. As far as what we can see right now, i have the threeday yield can on my terminal so you see we have come down over the last three days to your. 515. We are looking at slight gains this morning. Tradersould continue as selloff debt. We will wait for the trading day. A snapshot of various asset classes. The standout compared to normal levels of trading. We saw stocks declined to the lowest levels in 10 days. Carmakers to the worst in more than a year. I hope currencies with mixed performances get the u. S. Dollar in there. The yen is up for a fifth day. Riskse of a host of event over the United States, we have the fed amazing and w
Alix they were never gone. David timeout for your morning brief. It is joel jobs opening data. The u. S. Treasury will auction off notes. Disney reports Third Quarter results after the bell today. Get update on what is making headlines outside the business world. We turned the emma chandra with first word news. Emma on capitol hill, republicans are discussing a compromise when it comes to overhauling the tax system. According to people familiar with the matter, lawmakers are talking about mixing permit revisions with temporary rate cuts for individuals and businesses. Changee trying to the tax code without adding to the federal deficit. President trump plans to wait a week before going ahead with the trade investigation of china. According to an administration official, that is because china supported those United Nations Security Council sanctions against north korea. The white house is still concerned about possible chinese violations of intellectual property laws. Countrys moste sen
10 year. Lets get your earnings. Walmart coming out with earnings, secondquarter adjusted eps coming at 1. 08 above the estimate of 1. 07. Walmart seeing years adjusted 4. 40 to 4. 30. Nothing that stands out in terms of missing or beating estimates. In theown by about 1. 23 premarket. On the year, what a performance so far this year. Jonathan they have really come back david they have really come back. Jonathan up 17. 4 . David time now for the morning brief. We will be getting weekly u. S. Jobless claims and the Philadelphia Feds business outlook. Bill ackman will prevent his adp thesis, addressing questions from investors and analysts as he makes the case for improving the companys performance. We get u. S. Industrial production data for july and we hear from Robert Kaplan speaking time. As at 1 00 eastern all through the day, we are all going to be focused on washington and the aftermath of the collapse of the president s very is leadership councils. Kevin cirilli joins us with the