A co is about to be born at chrysler and have now confirmed they intend to merge the marriage creates a true giant of the industry with a market value of about 44000000000 euros the new outfits fit 5050 between the 2 parties will be had ordered in the netherlands for chrysler has been looking for a partner for a while talks with well known as sun had failed in june. 5th chrysler is under pressure the Italian American company has failed to invest in electric mobility its man brands chrysler dodge and jeep still rely heavily on older gas guzzling technology frances Peugeot Citroen is more advanced when it comes to technology but it doesnt have a big foothold in the u. S. Thats why the 2 companies are merging and the french government which holds a 10 percent stake in peugeot bucks the move. We believe that getting stronger and becoming the 4th largest car manufacturer is the best way to protect jobs and to guarantee that we can compete effectively and fight for employment one point after
Subcommittee and communities and technology will not come to order. The chair recognizes himself for five minutes for an Opening Statement. Good morning and welcome to the subcommittee on communications and technology legislative hearing on legislating to secure americas a wireless future. Today, the subcommittee will consider a number of legislative proposals that address challenges from Spectrum Management to securing our nations team of communications destruction. The proposals before the committee today are h. R. 40 for 62 and the study of how to harness the act over the share act which i introduced with my friend Ranking Member latta. This will require and cia with strategy and advanced technology such as Artificial Intelligence and how frequency coordination and environmental sensing to facilitate more spectrum sharing induced by the federal government. They also require the fcc of the feasible of the existing technologies by the spectrum bench. It was necessary for every more ef
The future of the italian leader emerges with a sticky point. And another election. Manus warm welcome to daybreak europe. The fx markets do not believe rhetoric. D in a lovely tweet from the chief Market Strategist increasingly, the markets are recognizing the alleged call from china. Is the u. S. Blinking because of the friday slide in markets . Do you believe the chinese really picked up the phone and said we want to get around the table . Nejra they say they did not and all we got was a slight shift in tone from President Trump. It does not mean his underlying strategy has changed at all. More there is a little risk on in the markets. If there is a shift in tone, maybe it will be followed by action. Certainly not thought of by the big companies. Tone. Is a shift in china badly wants a deal. There is certainly a shift along the as if you 500. By the diff by the way, the difference between u. S. Stocks in u. S. Futures dollaryen does not believe the mood music has shifted at all. The
Propaganda,o speak but to talk about their leadership and how it has harmed iran. Matt from the german capital berlin, good morning. Nejra i want to quickly go through numbers out of renault, the french carmaker. Linyear revenue, the top e, close to last years level. Previously it saw a rise, so Renault Joins the slew of carmakers cutting back on the forecast, the outlook for the year, with slowing auto demand in europe, down 1 , down 7 in china last month. We see a global slowdown of autos, and renault is joining. We will talk to their ceo later on today, just after 9 00 a. M. This morning. Nejra . Nejra u. S. Equities yesterday fell from record highs. All 11 Industry Groups fell on the s p 500. Futures are a little higher on the s p 500, up 0. 2 . In europe, the big story was mario draghi, somewhat undoing what the ecb statement said, hinting rate cuts and more stimulus, but mario draghi says there may have been different views on the governing council, and that the risk of recession
The french carmaker grapples with the auto market slowdown. This follows as nissan reported a 99 plunge in profit. Plans to carve out phone towers into a separate unit and will consider an ipo to cut that. Plus, delay delivery. Amazon forecasts income below expectations. Alphabet and intel jump in late trading after beating expectations. Good morning. Matt good morning to you, less than a halfhour hour to the start of trading. Take a look at the bunds. This is something i was talking about. You saw a reversal in the bond yields. As we were heading into the ecb meeting, yields were coming down. Investors were looking for the possibility of a cut. Then we interviewed the german finance minister where i circled in red. And you saw but yields go up again. Thats because he says there is no crisis. He sees it coming back to the economy once these manmade problems, as he describes them, are solved. Meaning once the char not u. S. U. S. China trade war is over, he sees it coming back to german