Anna a very warm welcome to bloomberg daybreak, our flagship morning show in london. Im anna edwards. Manus and i am manus cranny. Lets kick it off with some red hot headlines. Anna we have numbers coming through from deutsche telecoms. Of course, to rise about 4 , so says the company this morning. They have given us the numbers for the Fourth Quarter. Revenue at 19. 5 billion euros. That is ahead of the estimate of 19. 1 billion euros. Giving us their numbers. Missing estimates, the dividend coming in at 0. 6 euros per share. That is one of the big stories around Deutsche Telekom at the moment. Back in their home market, prices are under pressure because of competition from vodafone. Better news out of the u. S. Unit. We heard from tmobile, with 1. 2 million monthly Wireless Subscribers, more than any other Wireless Subscriber in the u. S. This is a bond based business. Manus a couple more red hot headlines. Lets jump into standardbanks four year adjusted earnings per share. This is a
Im sara eisen. Im wilfred frost. Good morning to you from me as well. Its throw back thursday. Were kicking off the show with a little r. Kelly. Whats the theme . Throwing it back with a great song. My favorite one of his, to go to my typical soft music stance i believe i can fly. Of course it is. The cheesiest song created. I like it. I will listen to it later. Maybe we can get it on the show. The dow believes it can fly. The dow believes it can fly. I guess you were impressed by yesterdays rally. I was annoyed by it. I knew i would have to admit to you this morning that i was wrong the last couple of days. Specialtive superlatives are today. Best start for the month of march, an unbelievable rally that sent the dow higher by 300 points. The dow is under a bit of pressure now, down 11 points. S p down 5, nasdaq down 10. A lot to watch today, including that outperformance of the financials. Lets look at that oneweek chart. Stocks really took off yesterday. You can credit President Trum
2016 president ial campaign. Theres growing call from both the democrats and the republicans for sessions to recuse himself from the russia probe. Should he do it . Attorney general sessions, hes still maintaining his innocence. He says and i quote for the very latest, go to our own blake burman live at the white house. Hey, blake. Reporter hey, trish, the important part of that quote that you read was about the campaign. Here at the white house, they are pushing back by saying thensenator Jeff Sessions was able to talk to ambassadors, in this case, ambassador, an ambassador of any country under his duties as a member of the senate. However, the other part here and which is a problem for sessions is the testimony he gave during his confirmation hearing which he said and i am quoting, i did not have communications with the russians. To that end, many republicans are calling republicans keep in mind are calling for the attorney general, should he be overseeing an investigation into russi
People to focus on stocks, not policy. I found the change truly refreshing, even if today was a pretty blah session, dow inching up three points, s p spansing 0. 05 , nasdaq rising 0. 16 . N next week, im sure well be looking for it to go right back into that trump prism as hes pledged to talk more about trade which is code for buy american. Well have to look out for anything that could scream trade war. Were also going to need to Pay Attention to the possibility of a rate hike this month, something i think well take as a given after we see the labor departments nonfarm payroll report next friday. I dont mean to jump the queue of the calendar here but friday is the most important day next week because believe it or not, we actually need to see a strong jobs number. Why . Because so many financials, the banks, the insurers, so many of them have rallied so hard in anticipation of a march rate hike that if we get the weak number that might discourage the fed from taking action, it could c
Little over two points. Business leaders continue to speak out about the election. This is what mark cuban told us on this program yesterday. He is going to say things that are stupid and ofshive that could lead to some sort of military action not originating from the United States but from another country that is the worse thing possible for the stock market. So spencer we are looking at the longest losing streak of the year, maybe five years, depends how we close today. All is all that a reaction to the things cuban is talking about . I think it is. We saw this friday with the new fbi letter coming out. The market hates uncertainty whether stock market or Housing Market. What could be more uncertain than prospect of a President Trump . Some say a president clinton. I think the most ardent trump supporter would agree that trump revels in being unscripted and off the cuff. You dont know what he will say and what he will do and that is the definition of uncertainty. That seems to be the