I am manus cranny. We are waiting for the numbers. With bated breath. You have the carlsberg numbers. When heineken comes down we can go to that. Carlsberg has cut its fullyear profit outlook. The earlier forecast was for adjusted net income to rise by low singledigit percentages third what they said is adjusted net income wont fall by midto high single digit percentage. What we care some much about carlsberg, not only because it is the worlds fourth biggest brewer, russia is its biggest market. What it says about russia is fascinating. Market volume in russia down by 6 7 in the first half. Its market share has fallen sees8 basis points and it the russian beer market down by a high singledigit percentage. Its earlier forecast was a midsingledigit drop. Revenue threatened by Political Tension over ukraine. The weakening global and government efforts to curb drinking. Well come back to carlsberg in a second. Heineken is all yours. Can i be a seamless as that . Firsthalf consolidated reve
Could she possibly be an activist . Part of the following an International Activist first lady, with, as Hillary Clinton. I suggest to all of us that we have to look the fact that conservative women care about the world, too. And we have as much interest in our sisters and progress around the world as our liberal counterparts do. One person who commented on this quite beautifully actually and recently was the first lady of afghanistan. I racer because they can at this point of consistency. Laura bush said she worked on afghan womens issues for the rest of her life. And recently in dallas, the new first lady of afghanistan came for a meeting of u. S. Afghan womens council, established 13 years ago not long after the fall of the taliban, still in existence come a Publicprivate Partnership between afghan and u. S. Government many individuals and private institutions in our country. Weve never left the women of afghanistan and laura bush has been our leader. And since in the last few years
Ll clinton moderates a Clinton Foundation summit on health care. Next changes to the financial industry due to technology, regulation and fraud and how that affects consumers. David nems addressed the executive club of chicago and sat down for a conversation with austin goolsby. This is just over 45. Minutes. Thank you, im really delighted to be here with you guys. Were going to discuss or were going to hear from david about the dij tieization of finance changing economic trends, how these are going to Impact Financial Services as well as partners, customers et cetera. Im honored to introduce david, all of you know him already, but let me just give you the background you already know. As you know, he is the chairman and ceo of discover Financial Services, which means hes responsible for the companys credit card, Student Loans, personal loans home equity loans, mortgages, cds, and Checking Account services. In addition, he oversees the discover network, the comprehensive payment network
In virgin atlantic. Delta is amongst the frontrunners. Comes around quickly. December, were already here. Not long before christmas and we have the november final pmis out of the eurozone confirmed at 46. 2. That was the flash, 45. 4 was october. So slightly higher. The highest since march. But 46 still deep in contraction territory. Output numbers, 46. 1. So thats going in the right direction. And the final manufacturing pmi export orders 46. 4. Again, a tick higher than the 45. 9 flash, the highest since march. So the contraction activity easing to an eight month low if you can explain away like that. Eurodollar 1. 3026. We did gets a high as 1. 3048 which would have been a six week high for eurodollar. Joining us for more is alan capp, head of credit straebtegyt lloyds. Alan, lets get your reaction. The number is going in the right direction. Does it make much of a difference . Right now the equity markets have had a great run. Theyre looking a bit overstretched. So im strul link to
We kick off three hours with the euro son Flash Services pmi, 5. 7. A little weaker than consensus. Lowest since july 2009. Business expectations 48. 6. Manufacturing manufacturing pmi 46. 2. Composite pmi as a result 45. 8, which is pretty him bang in line with the reuters poll. So Service Sectors worst since july 2009, decline in manufacturing eased a little bit more than expected in november. Joining us, chief european economist. Ricar ricardo, thanks for joining us. So still a negative territory. What does this point to in terms of the economic decline for the Fourth Quarter . I think its in line with the idea that real sgchlt dp will decline by at least 0. 2 , possibly 0. 3 . It will give us a negative entry point in 2013 when i expect an average growth of minus 0. 2 . So still moderately recession territory. The german flash composite pmi 47. 9, services 48, manufacturing 46. 8, is germany we just saw the 0. 2 print. Is girl aermany going to have a negative contract . Im looking