From that point of view, i dont think they will go further on that. Francine sterling slides again as theresa may signals that regaining control of immigration and lawmaking are her brexit priorities, even if that means quitting europes Single Market. This is bloomberg surveillance. Im Francine Lacqua in london. Happy monday. Lots to talk about on the show today. Joining us, mike bell, strategist at jpmorgan, and bloomberg gadfly columnist Marcus Ashworth. Plus, as london struggles to get to work with the strike by Public Transit workers, we will focus on a more agreeable form of travel. The ceo of sun seeker International Joins us to talk brexit, exports, and the future of the marine leisure industry. First things first. This is a picture overall for a lot of these european equities. The one piece of data we have, it wasnt great, but gives us a little more of that buoyant German Economy. German output climbing. Economic strength in germany is Standing Firm once again. Dollar strengthe
For nine straight sessions, seven of them were record closes. That was its longest winning streak in some time. But earnings came in mixed, and the European Central banks decision not to add stimulus to that regions economy weighed on sentiment and pressured stocks. The Dow Jones Industrial aver lost 77 points to 18,517. The nasdaq was off 16. The s p 500 fell 7. Dow component visa could set the tone for tomorrow. The Worlds Largest Payments Network operator reported a steep drop in quarterly profit and added 5 billion to its stock buyback plan. Visa did earn 69 cents a share. That three cents better than estimates, but if you include charges related to an acquisition, profits were actually 76 lower than a year ago. Revenue at 3. 6 billion, slightly below expectations. Shares volatile in afterhours trade, but the big news from the company today wasnt found in its Quarterly Results but rather in a partnership with paypal. Kayla tausche has more. Reporter paypal and visa are familiar foe
Seven of them were record closes. That was its longest winning streak in some time. But earnings came in mixed, and the European Central banks decision not to add stimulus to that regions economy weighed on sentiment and pressured stocks. The Dow Jones Industrial aver lost 77 points to 18,517. The nasdaq was off 16. The s p 500 fell 7. Dow component visa could set the tone for tomorrow. The Worlds Largest Payments Network operator reported a steep drop in quarterly profit and added 5 billion to its stock buyback plan. Visa did earn 69 cents a share. That three cents better than estimates, but if you include charges related to an acquisition, profits were actually 76 lower than a year ago. Revenue at 3. 6 billion, slightly below expectations. Shares volatile in afterhours trade, but the big news from the company today wasnt found in its Quarterly Results but rather in a partnership with paypal. Kayla tausche has more. Reporter paypal and visa are familiar foes in the payment industry, b
Says and the three, count them, stocks he likes. Okay. Well stocks well off their heigs this hour. The dow was up 173 points earlier on in trade. Todays big ipo stumbling out of the gate. Dom chu is on the floor with the juicy details. Mandy, tyler, the big deal here is this ipo here for pure storage at post eight right behind me. It was supposed to be this barometer, if you will, of tech ipos and the appetite for that kind of investment or risk in this marketplace. It priced at 17 bucks a share, right in the midpoint of the range. They sold 25 million shares. So again this company wanted to see their stock go up out of the gate. However, what youre seeing up there on the chart is down 5. 5 , near the lows so far today. Its traded in a range. It went as low as 16, as high as 17 at one point. As you can see on the bottom of the screen, this company is important for a lot of us viewers out there because it was one of the cnbc disrupter 50 companies from 2015. Those companies that were we
Vinterkorn said he was shocked by the events of the past few days. The scandal has pressured the stock which is down more than 30 over the past few days. It has prompted investigations and lawsuits. Phil lebeau has our report on the resignation of volkswagens ceo. Reporter the crisis involving rigged diesel emissions has claimed its first executive. Martin vinterkorn has resigned saying he didnt knowingly do anything wrong. But the vw board said it may be possible there are criminal proceedings involving executives at the automaker. Meanwhile vws board will choose the next ceo on friday. Herbert diest, mathias mueller, and rue better stiller are considered frontrunnerers. Their job will be to stabilize an automaker who has admitted it screwed up and sold clean diesel cars that really werent clean. In fact, the epa says almost 500,000 vw diesel cars hive been out on the road emitting up to 40 times more pollution than allowed. Consumers feel duped. I think its appalling, honestly. I was