The year where were overloaded with earnings information, most companies in the s p report this week. Remember that the professionals listen to every Conference Call check every model and do deep dives in each quarter which means that unless they get up at 4 00 a. M. And work until 11 00 p. M. They simply dont know about what should be bought and what shouldnt be, and i have to tell you, thats why a lot of mistakes are made. Thats why i tell you at home to stop, look and listen during these periods. As we try to run the gauntlet created by the cacophony of earnings season. Whats exactly in store for us for the rest of this week. Tomorrows all about apple and ten days ago the company made a major push into china and the worry is the sizeable chunk of buyers may have been margined out of this stock positions in the great crash of china and they migrate to the expense of iphone 6. Not this quarter, since it didnt include the chinese debacle and thats why it is so important not to trade of
A warm welcome to the program you are watching countdown. Im anna edwards. We are waiting for several earnings this morning from the Mining Sector, and earnings from merck, the german drugmaker the oldest of europes drug companies. We will be speaking with the merck cfo later. We will talk about how they are rebalancing the business, trying to make up for the fact that their multiple sclerosis drug is increasingly under pressure. You will talk about m a in the pharmacy sector, and the value they can derive from their partnerships. They are trying to revive fortunes using partnerships such as though with pfizer. We will talk to him about that. The share prices are doing too badly. A couple big interviews we need to tell you about this morning we will get a gauge of the Mining Sector and commodities from a couple business chiefs. I will be speaking to mark bristow in his first interview of the morning at 7 00 london time, and jon ferro will be speaking to in his first interview of the mo
In london. Manus first thing this morning, the german chancellor Angela Merkel says she is confident the International Monetary fund will contribute to greeces third bailout. Francine on wednesday, the German Parliament will vote on a rescue package. Manus speaking for the First Time Since euro area ministers backed the 86 billion bailout, Angela Merkel said she would consider debt relief to make it happen. Ms. Merkel with regard to the extension of maturities, we have room for maneuver. Just like we had in previous times, we did extend maturities. The repayment rates. It is always possible to do something else, but theres also a clear statement that they euro cant allow another haircut. Ourcine lets be to international correspondent, hans nichols, in berlin. How was Angela Merkels tone . Hans she was defensive. She knows she has a difficult challenge with the bundestag. She lost about 60 votes when they were authorizing her to proceed with these talks. We will see where that number co
The trigger on the economy at home but if youre looking at inflation that is where the concern is and those inflation was have piled on since the july meeting. Continuingd a spiraling lower and oil prices and that will eventually push back a fed rate rise. Only about one third think that a rate hike will happen in september. It used to be a 5050. Beforenny isnt it when we thought the stimulus would end in the u. S. The market would selloff. Now a delay in the rate rise and the market still sells off its because they are focusing on why the rate rise will not come. By 1 10 of a percent. We will be seeing how all of these markets open across the board and there will be some interesting movers. Keep your eye on richemont. We are talking watches. The exports from watches are following. Down 40 in china. That is a phenomenal statistic. That is showing the woes of Consumer Sentiment in china not wanting to buy foreign goods and especially not after a devaluation. Think about what august is g
Subject of job creation, and youve got the makings of a real rally. Dow gaining 187 points today. S p vaulting 0. 73 . Nasdaq only up 0. 54 . Again another record high. Look, love them or hate them, if you believe that Business People know how to create jobs i dont think thats such a huge leap then having them sit down with the president and give him ideas will help the bull market calls. The meeting also helps create ate a level astability to offset the recent volatility that had many investors fretting about their portfolios. Look, the contrast in president obama is so stark on so many issues, not the least today, where the new president powwows with rich Business People and talking about deregulation meant to rein in the banks which were the enemy in the Previous Administration for many years. His universe seems surrounded by wealthy people who offer their insights, and im sure it rankles half the country. But that said, ive interviewed almost every single one of these execs around