What bill is trying to do here, it is still early and you cannot tell. Just like we have seen, these are the highermargin products. ,ou are buying oreo cookies ritz crackers, so you have got the high margin. Lower productivity, lower margins than its peers. 3g doing their operational cost cutting overhaul was able to take this company 40 , take that drive powder, get into the transaction, and now that it is trading at the preview trading as it is, the verdure, potentially with pepsi. Erik what i am trying to understand, and maybe you could is why does bill ackerman see a need . Is it a bet on nelson . Peltz is in there on the board. Is hell dissatisfied with what else is doing or does he believe that what peltz and his people are already doing at mont elise a window . He has been in that position and then the company for many years. When you want to get this kind of costcutting or a major move, can you really do it with management . Bill ackman to do that with burger king, d remember t
About what the boe can and cannot do. I am looking at dollar extending gains. Stocks, overall advancing a touch. This is after janet yellen boosted expectations for an Interest Rate rise in december. We have crude resuming a rally after tuesdays pause. Well keep an eye on the market movements. Ut first, heres nejra cehic reporter President Trump says he is prepared to use devastating military force against north korea, saying his preference was for the world to Work Together to end the onions nuclear to end pyongyangs nuclear program. We are totally prepared for the second option, not a preferred option, but if we take that option, it will be devastating, i can tell you that, devastating for north korea. That is called the military action. Reporter theresa may says she is bitterly disappointed about a decision by the u. S. Government to slap import duties of 220 on a new jetliner. Citedmmerce department improper subsidies. More than 4000 people work for bombardier in belfast, northern
In the meantime, this is what im looking at. The euro having a little bit lower. Spain continuing to be on edge after its Prime Minister moved of thethe authority region. The nikkei up 1. 11 . Sent thees election region to elect to a record. Thats your market check. Lets get to the bloomberg first world news. Catalan separatists are meeting today to formulate their response. Catalan president is set to be ousted, but he vowed to fight on. His allies are signaling he could be declaring independence this week. Rex tillerson is calling on european allies to support new sanctions on iran. He is warning that companies doing business with tehran are doing so at their own risk. He was in riyadh for talks trying to bolster a new alliance between saudi arabia and iraq. Saudi arabia has rebuffed his requested in the fourmonth isolation of qatar. Mays efforts to get brexit legislation through parliament has hit a low new load lock new roadblock. Political political fragility was underlined by the
Credit suisse. Mark barton in london with your data check. Mark looks as if the fiveday winning run is sputtering or stuttering. Choose your word. Down by 0. 1 today. The stoxx 600 boosted by results of the firstround of the french president ial election on sunday. The optimism is among investors that Emmanuel Macron will emerge victorious. Eurodollar, weve been as high as the november high yesterday, just crossing 1. 09. The recent rally also spluttering, stuttering, or spluttering. German 10 year yield was at a end of march high yesterday. Yields creeping up in germany and across europe. Towardsd a propensity riskier assets this week in the wake of the French Election. Nymex crude, big stockpile data today. Down by 0. 3 . 49. 39, francine. Francine stockpiles really in the last couple months have been able to change. Now, mark, lets get straight to the bloomberg first word news. Heres nejra cehic. Nejra donald trump is set to propose a 10 tax on more than 2. 6 trillion in earnings th
Im sara eisen im wilfred frost, very good morning to you from me as well good to be back. Good to have you back after a crazy week in the uk and we thought the comey testimony would take the week theresa may managed to shoot herself in the foot and the uk delivered another surprise june vote looks like she will forge ahead. Just about. She will be able to continue for now. The question is for how long well discuss that later lets check in on the markets. After another big tech selloff dominated the trading day yesterday on wall street futures pointing to a bit of a rebound this morning dow futures up 45. S p 500 up 6 nasdaq futures are up 21 so maybe a reprieve from the tech selling check out the nasdaq twoday chart. Were talking friday and monday. Brutal day for tech. Monday not as bad as friday. The nasdaq 100, which tracks these big cap tech stocks having the worst twoday session since back in september. Names like facebook, amazon, apple, netflix and google, the big winners and sti