Anna a warm welcome to bloomberg daybreak europe. Lets get to the breaking news. Airbus, where the French Companies that is reporting this morning. Adjusted earnings before interest and taxes, 2. 3 billion euros. Thats against an estimate of 3. 80 3 billion, so substantially below that estimate. In aboverevenue coming 65. 4. Imate of we will delve further into the details and find out whats been going on. This is a company that many had the would be focused analyst for saying before the results the focus would be on the commercial unit, its fourth order performance. Cash flow was also seen as crucial because they turned the corner from 2016. Were getting some detail of what its all about in terms of that number. Chargeillion euro against one of the aircraft, one of the programs they are running , the military program that remains a concern. Some of theains weakness around the numbers against estimates, taking the charge against the project. They see deliveries of 700 commercial aircraf
It is bloomberg daybreak europe. Our flagship morning show here in london. I am mannus cranny. And i am matt miller ahead of this fourday weekend we have coming up here. Four day weekend. I can actually smell it. It is in the air. There are less and less people this morning. But there is a whiff of fear in the markets. Lets have a look. 7767, two things coalescing together. The vehicles up 27 . There is a little bit of unease in the equity mark. No doubt about it what you are seeing is the j. G. B. The yen has behaved classically this week in many dimensions as the u. S. Russian relations hit an alltime low. North korea getting ready for something big. Could that be another nuclear test . Nd the pan risk is rising. The japanese Government Bond is back in positive territory. Matt, we are back. We are careering back towards zero percent, a level we arent seen since november of last year there. Is a lot of manifestation in the risk radar, doesnt there . Yes. Let me start with the dollar b
Program. Youre watching the pulse live in london. Im anna edwards. China stepping up supporti for its economy bys ramping up spending and considering new measures to boost bank lending but it comes as voices raise concerns about the sustainability of the countrys credit. The minneapolis fed president has called for greater regulation. He floated the idea of breaking banks up to protect the economy. Significant progress has been made to strengthen the financial system, i believe the act did not go far enough. I believe the biggest banks are too big to fail and continue to pose an ongoing risk to our economy. President Barack Obama Says donald trump will not be elected president. The Republican Primary Campaign has alarmed foreign audiences who expect the u. S. To lead the world. President obama i continue to believe mr. Trump will not be president. The reason is because i have a lot of faith in the american people. I think they recognize that being president is a serious job. Hosting ai
Countdown. On the bottom of your screen, 1000 jobs are under threat. That is a story that nejra cehic will bring you in a little bit more detail. Story. Come on that backstopping the banks. Italian banks will be in focus once again, more details on the function. It is not a backstop bank, it is a backstop front. 3827 backan real, impeachment. The real is making its way up higher. 2. 8 yesterday. What you have here is politics, the new alpha in this market. Economists lowering the view in terms of what we look at for rates. Potential for recep leavy rousseffving leaving has emboldened oil is down 0. 3 . Goldmans doha will do little to boost prices. Kuwait having production at a 40year high. At the bottom of your screen, you have a break off trend. The relative strength indicator says that yen was overbought, dollar was oversold. You have this reversal of fortune. Temporary or longterm . We will discuss that. Sean solomon is here, good morning. Soloman is here, good morning. Assuageis is