A 10 billion day. Chinas single day shopping frenzy helps alibaba soar past last years record. We hear from jack ma on squawk on the street. Vivendi shares are slumping after the Media Company swings to a net loss in the third quarter. Mark carney is due to speak at the forum here in london. Hell be focused on Financial Market regulation but mario draghi will also be taking the stage today. Well bring you live coverage of that speech at 14 15 cet. Dont miss it. Very busy today. Lets talk about m a activity. Ab inbev finalized its stakeover of sab miller in a deal worth around 108 billion. They paid 44 pounds in cash for existing sab miller shares and in order for the deal to past u. S. Antitrust hurdles sab miller is selling its stake in miller coors and it is being acquired for 12 billion. So the ab Inbev Sab Miller tie up expected to complete in the 2nd half of 2016. Now investors are cheering a Restructuring Plan sends shares in the danish brew giant to the top of the stoxx 600. Org
Are arriving in athens showing cautious optimism about the health of the economy. These things are looking better. I shared optimism of the greek government, which is that they would like to access the program. Whether its possible, i think its too early to say. As you know, the program runs right up until the end of this year and will decide later on this year what the future will be. And a grilling on capitol hill, questions on how Safety Standards were allowed to slip as gm recalled another 1. 5 million cars. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. And a warm welcome to todays program. We start off with the latest pmi data out of the eurozone. We had the flash numbers a while ago. The manufacturing pmi down to 53. Thats what the flash was. It was 53. 2 in february. The pmi output index is up to 55. 6. Thats a little higher than the 55. 4 flash number at 65. 3 in february. And the pmi output prices index, 49. 3 as specd in the fl
And in an exclusive interview with nbc, one of the worlds most famous whistle blowers, Edward Snowden said he was trained as a spy and was not just a lowlevel analyst. Youre watching worldwide exchange, bringing you Business News from around the globe. Good morning. Welcome again to worldwide exchange. Lets get straight on with some of todays top stories. General electrics latest offer for alstom has been, quote, improved with notable changes on the companys commitment to job. The comments were made after a morning meeting between hollande and jeff immelt this morning. Stephan is in paris. Given these latest noises, whos most likely to do the deal here do you think . For the time being theres no affirmed formal offer from siemens so ge is alone in terms of a formal offer. We know the original bid has been improved, especially on jobs. Theres no details on precisely what General Electric is offering for alstom. Yesterday, speaking to the parliament, jeff immet says the group would make
Into the fall. The two Companies Strike a deal on their stock. Thanks to the bottom of the stoxx 600. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Good morning. Welcome to the show. Were just going to update you on some the breaking eurozone pmi numbers. The eurozone august final services pmi came in at 53. 1 versus 54. 2 in july. And that follows some of the mixed data weve had early from the individual countries, as we said. Joining us now is david bloom, head of Global Foreign Exchange at hsbc. David, is it the difference between the flash estimate and the current estimate, not july . And thats much weaker. So we already got the first shout at this month. Much weaker germany and much weaker euro tried to trade early this morning. Failed. The question is will they keep the momentum going in this weakening euro. Do you think its time now for draghi to desert his beliefs and start printing euros altogether . Its coming. The Printing Pre
A generation to build. But come to do that the business want to give jones good to have you with us and a new round of trade negotiations between the u. S. And china is getting underway in shanghai its the 1st face to face discussions since the kosi asians collapsed back in ne washington and beijing has so far hit each other with punitive tariffs covering more than 360000000000. 00 in 2 way trade the u. S. Accuses china of unfair Business Practices including faith of intellectual property a few days ago trump threatened to pull rick recognition of chinas developing nation status of the World Trade Organization prompting and irritable reply from beijing about the quote arrogance and selfishness of the United States. Well for more on this fresh round of u. S. Trying to trade negotiations im joined by Richard Mcgregor senior fellow at the now institute in sydney good to have you with us and i understand that you know the political scene in china very well youve written a book about chines