Sara eisen on this friday. Tgif. Thank goodness. Great day yesterday we were up 0. 8 for the major indices. Transports yesterday, the russell index, Smaller Companies up 1. 7 that positive momentum continuing, up 100 points on the dow this morning lets have a quick look at the euro popping on news that german lawmakers reached a break through in talks to form a new government the euro had a good session yesterday as well. That was off the back of ecb minutes. But todays move off the back of that german political news up to 1. 2121, thats a high we have not seen since december 2014 joining us is willem marx from london with more so, essentially whats happened here is the spd and the cdu have agreed that there will be a coalition they had a media blackout for the last five days over these preliminary talks. Were getting a slew of headlines now coming out of those discussions. Those include a lot of the spd wish list items they have been pushing for. Angela merkels party and her sister pa
Repurchase and announces a new Global Wealth management unit. A very warm welcome. This is bloomberg daybreak europe today. I am joined by matt miller in berlin. We need to talk about whats happening in the markets and the breaking news coming out. Breaking news out of sanofi. The wall street journal is carrying this news over the last 24 hours. A company. D buy this is a touch above the number reported in the reports over the weekend, suggesting 11. 5 billion. It is expected to start in february 2018. They are giving us various details about the kind of eps secretion we will see as a result of this deal. This represents Something Like a 65 premium to fridays closing price. Strategy in with the of the business, trying to add treatments from layer Blood Disorders to the portfolio over at sanofi. Sanofi looking to offset some of those that of theen fading because insulin drug. That is the backstory. 100 five dollars per share in cash. A 64 premium. Lets talk about the Broader Market acti
Increasingly stretched, could home testing kits like this one help bear the burden . And, our twitter question of the day are you fed up with fake news . Should Tech Companies be doing more to keep your newsfeed fa ke news free . That is a tongue twister just use the hashtag bbcbizlive. Hello and welcome. We start with the growing backlash against social Media Companies over their role in the spread of fake news. Today executives from Facebook Youtube which is owned by google and twitter will be questioned about the issue by british members of parliament at a public hearing in washington. Critics have given the tech giants an unflattering new acronym baadd. As in big, anti competitive, addictive and destructive to democracy. Last month, facebook reacted to criticism by refocusing on updates from friends and family, rather than news publishers and brands. It says that has led to people spending 50 million fewer hours a day on the network a fall of around 5 . Facebook has admitted 146 mi
There is a little bit of a downside on the stoxx 600. Eurodollar, little bit of an improvement there. Coming up on bloomberg surveillance, we talk european growth. To our man from jpmorgan. Then we talked to teri haynes. Of the get a preview state of the Union Address. A lets get to the bloomberg first world news. Nejra the house of representatives has committee has voted to get clearance to release a republican memo. It alleges bias. Say thetive republicans investigation to come in ties to the white house are under false pretenses. For the first time the 10 years or so i have been on the committee, there is a vote to politicize the declassification process of intelligence. That would could potentially copper my sources and methods. The u. S. Secretary has announced a list of oligarchs in russia with ties to vladimir putin. It includes 96 oligarchs. Willmed will not all not automatically face in the sanctions of inclusion may cause banks not to do business with them. There is fragility
Finds over the carmakers cheating jay y. Lee is set free from jail shares of the tech giant trade higher and German Coalition talks continue past the sunday deadline as Angela Merkel conservativ conservatives and the spd fail to find Common Ground on the labor policy okay lets bring you up to speed with the eurozone pmi numbers if im just trying to bring them up here. And i think oh, here we are, eurozone generally, final composite pmi number is a strong one on the face of it. 58. 8, 58. 6 was the flash number, so weve exceeded expectations on that one. The december final number was 58. 1 so, this is a very strong number for the head line final composite. Lets break this down. Final services pmi coming in at 58 above the flash figure of 57. 6 the december final figure was 56. 6 the final composite price for pmi, 54. 8. 54. 6 was the flash, the final, 58. 2 so far, so good. The numbers are exceeding what we saw in the prime month and also at first blush. New business pmi, lets give you