Passes the italys president to decide whether new elections need to be called. Donald trump says he has been looking for a possible tax cut for a long time as he kicks back against the threat of a u. S. Recession. Think the word recession is a word that is an appropriate, because it is just a word that certain people im going to be kind certain people and the media are trying to build up, because they would love to see a recession. We are far from a recession. Matt Boris Johnson comes to berlin to meet Angela Merkel. Germany prepares a 30 year bond sale with a 30 coupon. I will speak later with the German Economy minister this afternoon. I will ride my motorcycle to leipzig and try to get a question in. We are less than a halfhour away from the european open. U. S. Treasury yields bouncing back up. This is a threeday chart into yesterdays trade. Hit a low of 1. 54 , and are now backup at 1. 58 . The worry seems to slip away to some extent. You also see futures rallying across the board
Welcome to countdown this friday morning. I am manus cranny. We are in london, keeping you up to speed with everything that is moving on markets. And we have a couple of Different Companies that are reporting this morning. We are going to quickly tell you what is going on, we have hans nichols standing by. This is one of europes biggest steelmakers, First Quarter estimates coming in at 9. 5 billion, that is below the estimate of 9. 9. What do they earn from continuing operations in the First Quarter . At 243 million, that is just slightly ahead of the estimate at 239 million. But the First Quarter net losses , and terms of profits, there is a net loss that actually beats the sales level, coming in just under the estimate. That is the net loss that comes versus3 million euros, profit obviously a year ago, at 50 million. This is as europe implements tariffs on the chinese imports. This is as they review the with the dealing prospect of a slowing global economy. Flowyear earnings and cash