Anna a warm welcome to bloomberg daybreak europe. Were here in the city of london. Manus well get straight into breaking news. Anna merck numbers coming through, First Quarter numbers from the German Health care business, matching estimates. Billion, 3. 83. 8 6 had been estimated. , interestingbitda to see what they say about the outlook. This is been a year that has been pivotal for merck. The Health Care Unit has made steps forward with its first new drug in more than a decade. It was clear tos sale in the u. S. Or quickly than expected. Thats where the focus will be. May put itssaid it three divisions into subsidiaries. We will keep and ill these numbers coming through and will be speaking to the management of this company a little bit later on coming up today in programming on bloomberg. They see fullyear net sales of 50. 5 going to 16 billion. Their are sticking to gut. Lets look at the list that we run here in bloomberg. The risk off sentiment grip the market yesterday. Wall stre
European future. We will look back at that result and what has changed as the negotiations finally get underway. Well speak to a member of the house of lords who thinks that brexit want happen. Wont happen. We will also have the director of europol. This is what were getting. A little bit of news in the form of pmi. This is what theyre coming out with. Falling to 54. 7. Below forecast. We were expecting a figure of 56. 8. Its coming in at 57. 3. That is for manufacturing. If you look at the Services June pmi, falling by three percentage points. Seeon to the data to whether we are seeing any impact from that weaker than expected pmi. Overall, Global Equities mixed after we did have some fed speakers saying they will do little to alter projections for the path of Interest Rates. Oil fluctuating. Below 43 a barrel. Out for isould look pound as we try to assess what the brexit vote, the oneyear anniversary, means for the brexit vote and e. U. Nationals living in the u. K. Lets get to first
Francine the clot in london, tom keene in new york. Francine lacqua in london, tom keene in new york. This is a pretty punchy move because we have a new central bank governor. I do not know whether you will have a rupee board that it is extending gains. It will be interesting to see the global disinflation and deflation. This will be a back story at the imf meetings coming up today. Francine this is my repeat chart. It is going to be one of the stories we will be following very closely. This is the date date chart for the rupee. 6. 475, gainingt 0. 5 . More on that rate cut but lets get to the bloomberg first word news. Taylor theresa may wants to change the relationship between the government and londons Financial Services industry. According to senior officials see will just she will refuse to give priority to banks after the u. K. Leaves the European Union. The have dismissed demands for an interim deal. Things have gone from bad to worse in u. S. Russia relations. The Obama Adminis
Here what the white house is saying. The president applaud leader reid and lead aer mcconnell and encourages congress to act swiftly. We are not putting odds on anything. Were simply applauding the leaders of senate for reaching the agreement that theyve reached. Luke russert is on capitol hill and Kristen Welker is outside the white house. I want to get right to you looking at last nights memo that set the stage for everything happening today. What you can see there is a note from the leader, basically say, important, if your boss has any concerns and plans to vote no, its imperative that you let us know and contact the whip office. Thats an unusual way to start organizing votes because it sounds defensive. Explain that to us. Reporter well, ari, the problem is too many people called the office and said they were going to be no quite easy. What you saw from the email from your hill experience, that is showing a sign of weakness off the bat, saying, look, we do not know if we can get t
Are far enough into the process to find out how big of a subsidy theyll receive. A good indicator of how many people are signing up. But the site faced another glitch. Data system that verifies Applicant Information crashed. 36 states using federal exchanges and the 14 states that run their own. Friend of the show josh barrow is back, editor of business insider, he is a boston guy. Perhaps the answer came from what the healthcare. Gov website needs is a pep talk from david ortiz, referring to nice pep talk that big papi was giving the guys in the dugout in the game that led to that winning the game. Part of the problem is theres a big project giving the pep talk, part of the problem is we have folks in the Democratic Party that say we need to push the deadline back. But the problem with that the Way Insurance act wearies work, they start in the spring of 2014 to look at the pool and see what kinds of claims have been lodged and figure out what the rates will be. That will mean 2015 rat