Water cannons for the first time. We are live on the ground in the 12th week of protests. Welcome back to bloomberg surveillance. I am matt miller here. Good monday morning. I am here for francine lacqua. Lets go to live picks of the g7 meeting. Somedent macron is getting statements giving some statements to the press. Lets listen in. He is probably the best informed. A few words about libya as we agreed yesterday. At the conclusion yesterday afternoon. Ok. Thank you. Matt all right. We are getting a little bit. Macron saying they are going to bring up the subject of libya. It will be at really interesting when they discuss the subject of iran, as well as trade. Weve gotten so much from trump earlier in the press conference with egypts president elsisi. We have some very disappointing german economic news. Just breaking, the phone Business Climate number came out at 94. 3. The survey was for an expectation of 95. 1 so a big miss there. A big miss on the expectations and on the Current
First half net profit jump for roche as they lift their Sales Outlook for the year the ceo tells cnbc the trend will continue into 2020. Given the strong momentum we have with the new medicines, we also expect growth beyond the current year and to be able to continue to overcompensate the effect of the entry of the bio similars. Astrazeneca shares hit a record high as they beat Second Quarter estimates. The ceo hales strong growth in cancer drug sales. It was a growth rate of 19 this was driven by oncology Franchise Growth of 58 . We got to 4 billion for the first half, china grew by 35 . So very great driver of growth for us and ab inbev beat Second Quarter forecasts as beer sales grow at their fastest pace in five years, while diageos ceo tells cnbc a taste for gin is boosting performance a lot of that growth is coming in the early evening occasion from ill call it boring wine an boring beer an beautifully served tangaray and tonics have a beautiful space to play. Just some of the la
And chinas economy bottomed out. Brent and wti climb back gains after settling at the lowest level in 2009. It was a rough session overnight. Housing a big part of the story. Were just hearing from one of the luxury Home Builders reporting q3 earnings of 36 cents. Thats well below the analyst expectations of 49 cents. Revenue was to come in around 1. 03 billion and revenue coming in line with expectations. We should point out the stock closing lower yesterday following the Broader Market sell off losing about 4. 7 but year to date up about 5. 7 . Responding to the housing data over the past couple of months but back to the market sell off. The dow seeing a 4,000 point move in one session. We just captured the highs, lows and where the dow closed. At one point in the beginning of trade we saw the dow down by around 1,000 points. Some traders sending me pictures just showing traders clued so their screens and cnbc saying what kind of ride are we in for . We saw the dow coming off the low
108. The current continues index, 111. 3 in october. Again, versus the reuters consensus of 111. 6. Ifo expected index, 103. 6, a little below the expected forecast of 104. 5. There are no revisions to the september indices. The ifo index is probably the years most important sentiment index, slightly lower than what we might have thought. Not by much, but by a little bit. Joining us in the studio for the first part of the show today, moo moodys analytics. Frank, thanks very much for joining us. Thats the ifo sentiment index. Slightly lower than we might have thought. Yesterday we saw from the pmis, as well, slightly weaker than we might have thought. Is the economy, are things just softening slightly . I dont think so. The German Economy is doing very well. The pmi did slow down a little bit. They came weaker, but they still point to expansion this year. The Unemployment Rate in germany is 6. 9 based on the National Statistics and it grew strongly in the Second Quarter. It is likely to
For the remainder of the week, we will especially be looking out for consumer confidence, GDP and PCE inflation data out of the US, unemployment, and CPI numbers out of the euro area, as well as PMIs out of China and Tokyo CPI out of Japan.