Unilaterally. More bad news for struggling noble. Bankruptcy may be the only way forward. Good morning. This is daybreak asia. I am betty liu in new york where it is just after 7 00 p. M. It is just after 7 00 a. M. In hong kong. I am yvonne man. Misslk about mrs. Today es today in earnings. South korea coming in negative at 3 drawdown or the month of june. The estimate was for quite a sizable uptick at 1. 1 . Also not looking great. We are seeing it down. 2 . Economists were expecting a 1. 6 spread. We did talk about gdp yesterday, which did slow down from the spread we have seen in the First Quarter. We will continue to watch how this ways out in korea in just about an hours time when they inct plays out in korea just about an hours time when they react. Tech has a lot to the downside. Day loucheave had a of earnings. We are going to amazon in a moment. Eluge of earnings. We are going to amazon and a moment. We will have retail sales as well as inflation giving more clues. The fed se
Awaiting janet yellen at 2 00. Plus, trump versus the house gop or not, two days until the inauguration and the president elect now suggesting that the border tax could be back. Trouble at target, Retail Stocks moving lower after target cuts its outlook on weak holiday sales. But stocks are looking to rebound one day after the dow and nasdaq each posted their lowest closes of the new year. Wall street digesting Bank Earnings today, citi beats on bottom line but misses on revenue, goldman exceeds consensus estimates. Stay tuned for exclusives with Goldman Lloyd blankfein and j. P. Morgan jamie dimon. Thats coming up later today on squawk on the street. Jim, you tweeted earlier today nothing is good enough mode on the fins. Yeah, look, these stocks ran a great deal and i thought the goldman quarter was exceptional. My travel strus owns this next one, if you adjust revenue for citi for international because they have a Huge International business, if you adjust for the dollar turns out th
Anna a warm welcome to bloomberg daybreak europe. I am anna edwards. Manus i am manus cranny. Breaking news. Anna the german pharmaceutical business merged if an update. A couple of headlines coming in at 1. 20 per share. Euros, ebit 400 and 5 million. 405 million. Net income figure for the First Quarter of 269 million euros. These are the numbers coming through as we speak. The broader story, the expectation from Morgan Stanley is that these would be a Strong Revenue but there were several moving parts in 2017 that will likely drive a cautious guidance. 1. 3 1. 43 europes, yesterday was 1. 42. Manus some of the big drivers, the probability of a rate hike unitedted fans states stands at 100 . Inflation, reflation, the great reflation trade. This is what china produced. The ppi nevers. Busting through 7. 8 on the chinese prices. That is the most since 2008. It is more a question that cpi has underperformed. How strong is that . Does that remain intact . Anna export prices run the world,
Assets for more than 7 billion. Record u. S. Stockpiles send oil sliding. Jamiemorgans ceo dimon speaks weve Francine Lacqua speaks with Francine Lacqua later today. We are focusing on Donald Trumps first hundred days in office, brexit, and global banking. That conversation, coming up at 12 45 p. M. U. K. Time. Matt so, right about the time that the ecb releases its statement. You are not expecting a policy change, according to be economists we have surveyed. What we are expecting is an increase in the ecbs inflation forecast, 1. 7 this year from 1. 3 . The key is, guy, that we look at this headline number of 2 in europe. It is the core number that the ecb is more concerned about. That is less than 1 . It is because of the transitory nature of oil prices and you saw that yesterday in the 5 drop. They are focused on unemployment, which is high outside of the ecb headquarters in germany, where it is at a low. Guy matt, i am going to argue with you about this core. Look at what the output
Good morning. Were happy that youre with us. We look christmassy today. We are. Even though its the end of march. 14 speeches by the fed, thats a lot. The tefrptatiinterpretations over the place. Would argue trump, any infrastructure plan or tax plan is still more important for the dollar. Definitely. At this stage i would totally agree. European equity markets hanging on to some slight bit of green out there. Higher by less than a half percent for most of the european markets. Xetra dax bucking the trend to the upside. 1263 out of germany. Seeing meager games across the board elsewhere. Trumps setback on the healthcare reform leading to nervousness in yesterdays session, by in large seeing a bit of buying back into where we saw some selling yesterday. That goes for the sectors as well with most sectors out there in positive territory. Media, basic resources and autos among the main gainers. Lets get caught up on some corporate stories, starting off with builder supplier wolseley shoot