Expectations opec will extend output curbs. China Energy Giants report later. Haidi apple fans counting down to the iphone x. Apple asking chipmakers to double capacity. Right, we have Energy Companies in china reporting. I want to bring up a chart, 80 to 96. This is petrochina. This is the biggest destruction of shareholder value in history, and it could take more to convince analysts the stock has hit autumn. Peaked on the first day of trading 10 years ago. Check it out. It has lost 800 billion in market value, i enough to buy italy,isted company in or circle the earth 31 times with 100 bills. Many analysts think the pain may not be over either. In terms of a broader picture, we are looking at a event risks. We had that positive gdp print out of the u. S. On friday. This week, fed leadership and the fomc meeting, boj, boe, china pmi and Inflation Numbers to paint the picture of whether we are getting sustained Global Growth. All of this for Bond Investors to contend with. Lets get ov
Im not just talking about the breaks, the fabled second leg of the horseracing triple krouchb. Im talking triple crown in stocks. With the dow only gaining 90 points, the nasdaq climbing a very strong. 82 . So what happened today that made Cloud Computing the business, not the horse, break away from the pack before the first term was completed . I think some of it is a total delayed reaction, last weeks salesforce. Com reported one of the best quarters of the year. The ceo right here spoke about companies not being hamstrung by keeping all their data and hardware on premises, and have the data on the cloud. In this case is partner is amazon. It helps you draw attention to what happens if you adopt the cloud and bring out companies cloudforce to sift through all of your data. Salesforce seemed to be all caught up in what happened to president trump. The focus was on wall street, not washington or silicon valley. But companies have to make judgments about what their customers want or may
We get adp, weekly initial jobless claims and trickling out all morning, may auto sales. Fracturingsn and you manufacturing results. Jonathan for the last 24 hours its been all about the financials. Declining trading revenues. 3 wall st executives in 24 hours went into inspect haitians expect expectations management road. Mode. Jpmorgans cfo at good the sentiment. Bloomberg spoke with james gorman who is knowledge to he is seeing a similar trend. I think it would be hard to be anomaly. Have similar kinds if not the same in some cases. Theres enormous uncertainty which typically would read tremendous volatility and its not. Its was very passive perspective. The Downside Risk at this point is up weighing the offside risk. Now,han joining us Charles Peabody. Lets just begin with you very quickly. Anr take on what seemed like orchestrated move by 3 wall st executives to come out and temper great expectations. I think the expectation was that we would have some sort of seasonal slowdown. Th
Deutsche telekom adds more than 1 million customers in the latest quarter weve been fortunate in the First Quarter again following a good streak of acquisitions last year we extend with a disciplined approach our portfolio weve seen a broader and higher open in europe with the stoxx 600 up over a third of a percent. Taking its lead from more record closes in the u. S. Overnight and a raft of Earnings Results are out today. On the whole broadly positive which has signaled the market opening higher you can see that reflected in the key movers in the markets today. Lets look and see how the individual bourses are shaping up the xetra dax is in the lead, up 0. 75 cac 40 up over a half percent. The ftse 100 up over 0. 40 negative statements out of easyjet, yes, it managed to deliver higher unit revenue, but the issue is that there is overcapacity in the sector and it gave a bearish outlook for whats ahead lets look at which are moving better we have construction and material up around 1 . C
Cash flow really strong we were 2. 7 billion pounds, over a half billion more than last year and this is what gives us the confidence in raising our guidance in Margin Expansion and in initiating a stock buyback this year of 1. 5 billion pounds. Astrazeneca shares are set for their worst oneday loss, after a key lung cancer study fails, wiping 13 billion off the drugmakers market Cap Deutsche Bank shares fall on a 10 drop in revenue, as the german financial giant suffers the same fate as itself u. S. Peers with a slump in fixed income trading well speak to the ceo, john cryan, at 11 00 cet. Downstream powers shell to a beat, as the oil giant more than triples its profits in the Second Quarter Ceo Ben Van Beurden tells us the Energy Market is regaining stability. Bhafrnlg bhafrnlgts. What we are seeing is a market cents essentially in bale market is growing fast probably more next year. And longterm supply is declining. I think we need to discuss this astrazeneca story more. Astrazeneca