Covid19 own Macro Economic Development Going forward. I in leary, we should expect lower Going Forward. Ab in bef shares up. Vw slashes its dividend after posting the first half operating loss and renault posts a loss and says it is impossible to give any guidance. Astrazeneca rallies as Second Quarter sales top forecast the ceo says he expects to benefit from the Covid Vaccine this is a business that is redirect examinatio resilient. Weve managed the crisis well. Patients are returning to physicians a very warm welcome to street signs. Now on the gdp front, german adjusted preliminary gdp the calendar adjusted q2 number down 11. 7 slightly worse than the 11. 3 forecast the sharpest decline from 1970 the calendar adjusted level, 11. 7 versus 11. 3 predicted the rebound in that data, the pmis came in growth territory but still q2, a very severe decline. Lets bring in annette who knows more about the German Economy than i do. The 11. 7 drop in gdp. Exactly it is worse than expected but t
For a conversation with stefon engels. Welcome to daybreak europe. From unicredit, First Quarter net comes in at 1. 1 billion euros. 995. 3 million. S that is a beat. It is confirming its target for 2019, the target for revenue it is confirming it of course, what we heard earlier this week was that it was selling its entire stake. That is a reminder of that. In terms of the update today, the main number to draw your eye to his the Third Quarter net, which is a beat. Lehmans numbers coming in as well. Fullyear adjusted, industrial businesses, 9 billion euros. The estimate was 8. 61. That is a beat, at least on that number so far. Looking through some of the other headlines, decline in market volumes for short cycle businesses. This was a problem last quarter as well so it seems this issue is still remaining. Year 2020 of 6. 3 to seven euros, excluding charges. The outlook will be something analysts are keen to hear more about. The global Macro Economic development, some dude in the full
So many of our laws today are directed at people we dont like or metadata, not people we are afraid of. I used to practice law years and years ago. When i was in law school taking my criminal justice, or rather i criminal law required for graduation i was taught to things. What is a crime . Thats the first question we have to answer in class. I suspect most of the people in this room may not know what a crime is. But i was taught that a crime is what the statute says is a crime. Thats not true today. There are lots and lots of things that are crimes that have nothing to do with statues. The second thing i was taught in law school, which i fancy pants law school where we are supposed to know everything. Certificate was taught was to commit a crime unit had the intention of doing the actor was violative of the law. Thats no longer true. There are things that are crimes that a legislative body never voted on but there are things that are crimes that nothing do with ones intent or ones bel
To y welcome manus welcome to countdown. Anna commodities a big theme. By some concern investors around the highyield markets in the u. S. The junkbond ecf close at a sixyear low. We talked about highyield bonds and the spread has been whitening. Widening. Now the Goldman Sachs event expressing concern. Talking about real carnage in junkbond market. Markets. They say they have the most Investment Opportunities since lehman collapsed. Manus it worries me when you have a Major International when you talk about this junkbond or these high yields, when you look at the oil industry a big portion the yields are rising to the highest level since 2009. That goes back to the conversation we had yesterday, a lot of restructuring. A lot of expense to repay the 1. 5 trillion that is the size of the u. S. Junkbond. News. Lets the first word reporter Chinese Consumer inflation Beat Estimates. Cpi November Rose 1. 5 year on year. The Producer Price index fell 5. 9 , extending declines. Meanwhile, the