Hour. Manus warm welcome to daybreak europe. The recommendation for shareholders. Quite a discussion. The board proposes no diffidence for the past fiscal year, so they are promoting the current offer, saying no diffidence for the current year. Ebitda. It is all about oil where i am on the ground. The ceo last night talking to me about volatility in the oil markets. He would not give me a price. 15 is the range. Sub 60. Pec, the call from morgan stanley. We have got the indian oil ministry. One of the biggest buyers of crude from this region. It is the air, it is not good. Nejra when you talk about oil, the line to be drawn for the trade war is clear. He might talk about sub 50 oil. Let me get the deutsche numbers here. They are saying the guidance for 2019 and 2020 is confirmed. The ebit guidance is reaffirmed. The context, the last earnings, the forecast with 5 billion in ebit for 2020. Then what we heard was basically the target. Post what, when deutsche said that in october, a slow
S p 500. You are talking about how investors are happy with the fed decision. This chart suggests they may get happier. A chart of the s p 500. We see theseyear, areas of consolidation as the bulls took outcome of the buyers taking out above the 50 day moving average. In may, that bearish action. There was an area of congestion that went to the sellers. The buyers have stepped up in this area of congestion into todays meeting. Broke to the upside yesterday. You can see less than 1 away from alltime highs. Gaining momentum. The s p 500 is confirmed for 30 six, suggesting new alltime highs are ahead for the s p 500 this summer. Emma if you were just watching gold this afternoon, you got a clear read on what we learned from the fed. It approached a 14 month high at one point during the session as investors said that fed would cut rates. Two ways in which this benefits that the fed may be considering cutting rates suggesting that the economy is getting worse. If the times are going to get
Michael flynn violated federal law by omitting a business trip to the middle east on security clearance forms. They demand he provide a full list of foreign contacts. The accusations are linked to a plan they say was financed jointly by russia and saudi arabia. Michael flynn resigned in february after reports he misled its senior white house officials about contacts with russia. The hits keep on coming. The Cleveland Indians winning streak is at 21. The indians defeated the Detroit Tigers 53 in cleveland and set a new american greek letter American League record for consecutive victories. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. I am mark crumpton. This is bloomberg. Julia live from bloombergs World Headquarters in new york. We are seven minutes from the close of trading. Stocks take a breather. Joe the question is whatd you miss . . Release theix will tax framework the week of september 25. Julie bank jobs might be disappea
And finally, 1 00 p. M. Time, the u. S. Treasury is set to auction 24 billion in three year notes. Jonathan thank you very much, david. And an uncomfortable market. The s p 500 finished yesterdays session unchanged on a record close. Joining us from hong kong is sean darby. And of course, allen russ kin of fx research. Much has been made on the vix and the s p s. Give us your thoughts and your initial takeaway. Weve got a period where real bond yields have been turning negative in most of the developing markets. Thats been accompanied by a fall in the dollar and the background got a resurgencing global trade. So its a pretty Perfect World for the economy and for equity markets. I suspect why weve had such a low reeding on volatility measures over the last couple of weeks. Jonathan whats interesting about this is people often come out and say this is a sign of complacency but realize its also very low. So isnt this just a case of the market being right . I think the markets have actuall
A very warm welcome to bloomberg daybreak europe. Im anna edwards. Manus a little bit of breaking news coming across the bloomberg. For your revenues come in at. 7. 3 billion euros this is of course one of the leading Delivery Companies around the world. What they do in the world tells us how healthy the economy is. Terms ofpost rises in web shopping. Thats what is driving the numbers for the fourth order. Growth in ecommerce and a great christmas. Operating profit up 1. 4 billion euros up from year ago. It matched more or less with the market was looking for of 1. 1 billion euros. Thats what the market was looking for. We will have a conversation with the georgia post ceo in about 30 minutes with the Deutsche Post ceo in about 30 minutes. Lets talk about whats happening in the u. K. Today. The house of lords vote yesterday, we watched the article 50 process as it looms large. The chancellor will deliver his budget at 12 30. Is, do youquestion want to be long sterling going into the ch