it and what it means for eight million customers. good morning. and in sport, a suprise win for the underdogs in america s super bowl. the philadelphia eagles beat the favourites, the new england patriots, by a0 to 33. it s the first time they ve won the title. let me hear you, minneapolis! and justin timberlake wows the crowds at half time. ending up dancing in the crowd. and it s getting cold out there. carol can tell us how cold. a few warnings. good morning. a cold start to the day. the risk of ice on untreated surfaces. wind from the east. some of us will have snow from the west. i will have more in 15 minutes. thank you. good morning. first, our main story. the eu s chief negotiator, michel barnier, will visit downing street today for talks about a possible transitional period after britain leaves the european union. the government has indicated it remains determined to leave the european customs union after brexit. the move is seen as an attempt to defuse a growing row
welcome back, everybody. this is bloomberg daybreak: europe. welcome back to another trading week. we have a quick look numbers through from ryanair. 750 million euro share buyback in february. third-quarter revenue comes in exactly in line with the estimates at 1.4 billion euros. traffic up by 8%. at 129ve seen it million. nothing enormously substantial. this is interesting. some of this coming through in the numbers from ryanair. fourth quarter fares will be up due to easter. the profits jumped into off percent, and they still see 2018 net profit at 1.4 5 billion euros. those are the headlines coming through. a lot of questions to ask in terms of employment cost. they finally recognize unions at ryanair. little bit about that this morning. and how do they relate to the strong numbers we saw out of recently? we put all of that to the cfo of ryanair. let s do a quick word on where we are in global markets. this is the big picture. the biggest selloff in global stocks in t
jerome powell will be sworn in at sworn in as the 16th fed chair. the german angela merkel allowing extra time for talks with the spd to form a new grand coalition. as you point out, less than a half hour away from the start of cash trading. futures are getting crushed. take a look at the percent missed price that we see, according to the bloomberg. we are looking at euro stoxx 50 futures opened down. the castrate open down .7%. ftse cash trade open down .7%. s&p futures are included here. s&pers are watching whether futures will get a bounce back. so far, they haven t. still in the red by 1/10 of 1%. take a look at 10-year yields. i have treasuries in my terminal. this is three days of the 10 year yield them and you can see it is climbing ever higher. at one point a few minutes ago we were trading at 2.88%. when is this yields going to get high enough that the fed rate that are priced in and-or investors decide that we d rather have risk for yield? decide they would rathe
and i m courtney reagan in for sara eisen thanks for joining us today. this monday morning after the super bowl, if you re up, you might be a little tired. but may also want to be somewhat elated if jim is watching i hope he s asleep after a big night of celebrations. if he s not, congratulations to him and all eagles fans. let s get to the markets a roller coaster ride last week particularly when we saw the dow sell off 2.5%. the nasdaq and s&p both down 2%. for the week as a whole, the dow was off more than 4% nasdaq down 3.5% and s&p in between those two dow about 127 points, nasdaq 12, s&p, 9, clearly much more muted than that massive selloff we saw on friday. worth pointing out on friday, all 11 sectors were lower for the week energy materials were the worst. health care and tech also pretty bad. and yield has been a crucial factor for markets over the last couple of weeks. the fact that yields have been rising have spooked some investors. they got to 2.85 on friday
seoul.will be live in the bond route continues. the contagion when it comes to equities playing out in the asian session. we had that 600 point drop to the dow. asianf extended in the session. a huge week when it comes to the data. four central-bank meetings. you have australia, central-bank in the philippines and looking at the reserve bank of india. very interesting to get any policy reaction to that fiscal situation of the tell by the latest budget. in the meantime, looking at treasury yields and the features looking at more downside and this is playing out in a negative way in asia. 30 minutes out from the oven in china and hong kong. hang seng looked at the barometer when it comes to the bearish sentiment in this world as part of the world. david, we re watching everything. there are a lot of trades play ing out. david: it is getting worse as we speak. markets open at the moment. on a markets like taiwan flip. we will at teachers on a significant decline. a lot of centr