Hurricane irma is a category 4 sthoorm cou storm. The path is still you unseuncer puerto rico and florida are areas of interest. Here are the big corporate stories. United technologies buying Rockwell Collins for 23 billion. Under the deal, rockwell Share Holders will receive 140 per share in cash and stock. Thats an 18 premium to the Closing Price on august 3rd. The Companies Say the Aerospace Systems segment would be combined to create collins Aerospace Systems which would save 5 billion by the fourth year of completion greg hayes will join our colleagues on squawk on the street later this morning that happens at 9 30 a. M. Eastern time. Lego announced plans to lay off 8 of its work force lego reporting a 5 drop in revenue for the first half of the year the company said most of the 1400 job cut also happen s wille end of 2017. And Rovio Entertainment is planning an ipo. The mobile games studio will list shares in helsinki in a move looking to boost growth the Company Finally returned
Britain wants from a future trade pact. A warm welcome. This is bloomberg daybreak europe. I am anna edwards. Novartis. Will talk to some news breaking. In. Rtis numbers coming core earnings per share for the beat, quarter is a 1. 29. 3. 3 8 billion thirdquarter operating profit. This would be the first quarterly profit increase in three years. Helping them. The core earnings per share is a nice beat, thirdquarter profit 3. 3 billion. Novartis sees significant in the 2017 outlook is reconfirmed. Anna some hoping there might be a decision on that. Basf, how about strong is the chemicals story for this company . Thirdquarter revenue ahead of vestments. Adjusted eve also in line. Of the portfolio is in that area. Are they going to fix the guidance . Germany on at of 1. 5 billion Share Buyback program plan to start in the fourth quarter. I wontumber at give you that. That looks to be inconsistent. Is 491 income number million euros. Numberction on the sales , 3. 5 billion euros. Both those
Have a stacked up show for you, were going to talk about the drug sector, i wonder what the ceo of nevadas is going to say about health care in the United States. In fact, it looks as though we are getting some numbers through right now. A fouryear numbers to be broadly in line and confirming the Group Outlook for 2017. They are a Second Quarter core eps, reading estimates, one of the biggest headlines. Broadly in line, that one seems to be. 1. 22, thenumber, estimate was 1. 18. Looks like the core number has beat the estimate. We will speak with the ceo later on during the program. This is the point from the analyst, this would be the trough in terms of some of the challenges they have from the generic competition, but they say year sales are broadly in line. They reconfirmed the core number, about. 2 on earningspershare, the estimate was about 1. 18. Lets talk about a we rating. The aussie dollar at a twoyear high. This is the blue line. The reserve bank of australia is the is using
He says that president elect Donald Thrump will fail. President legend donald trump will fail. And an exclusive interview with toyota chairman at 11 45 london time. Day ome to bloombergs break europe. m anna. Eric good to see you, george soros punched everybody i think one at a time. Whats the lineup today . Eric this is the first year in my experience that the World Economic meeting has extended to a full fourth day. Moments from now well hear from the Vice President of the e. U. Commission. Te they are morning, joe jimenez, the c. E. O. Of the giant drugmaker novartis. Cannot ignore obamacare, it means a lot to drugmakers. Back to you. Ana amazing that donald trump is not there yet he has such a presence at this event. Conversations about him extend to all corners. A couple minutes past 6 00 here in london. Lets throw up the charts and see whats happening outside of the davos world as well. Janet yellen talking about it being prudent to gradually adjust policy over time. She said the
And today Morgan Stanley said oil prices could plunge even further to 20 a barrel if the dollar continues to strengthen. And thats something capitals john kilduff said was possible about a year ago on nightly Business Report. Were in the beginning part of the price zone right now that hurts production in a big way and starts to reverberate through the economy, the manufacturing economy especially. It will be particularly painful if we do break the 40 level and then if we do break the 33 level, which is my low price target and we go down into the 20s. Then its going to be a real bleak situation. And john kilduff Founding Partner with again capital is back. Hes wearing his lucky shirt. Did you notice that . Its the same shirt he had on. He knew he was coming on. I take care of things, you know. John, where do you stand now . You correctly forecast where oil was going to go. Were at about 31 a barrel. Are we near the end of the cycle or not . Unfortunately, no. I think the low point now w