Vodafone has ended talks with liberty mobile for an asset swap. Cheers to s. A. B. Miller. The shares jump when 106 million could be paid for the brewer. Lets kick things off with our top story. Two reports other the weekend say volkswagen already knew about the i will legalities. In 2011 a vw technician pointed out unlawful practices. The question is though what they knew, when they knew. We also, by the way, have a new volkswagen ceomathias mueller taking over volkswagen. The former chief executive of porsche says he vows to get to the bottom of the scandal. This is interesting, susan. The ecb is no longer including loans as part of its Bond Buying Program according to reports. Also want to show you what shares in vw are doing this morning. First time i checked this morning they are down and theyre accelerating their declines up by 3. 78 over the course of the last week off by 22 . What a drop by shares in that company. Lets get back out to nancy. Its a really tough road ahead for th
Bloombergs European Headquarters in london. Im francine lacqua. But that is back in focus after janet yellen said she is ready to raise Interest Rates this year. The Federal Reserve chair said she intends to let the labor market run hot for a while to heal the lingering scars of the Global Economic crash. Lets check in on how the markets have been responding. Mark, they seem to be pleased to have clarity. Mark clarity is the buzzword. After the muddled message last week, theres clarity. Janet yellen yesterday paving the way for a rate hike in 2015, giving a sense of certainty. Investors love that. Risk assets are rising. Have a look at the msci. Before today, it had fallen for five consecutive days, falling every day since the Federal Reserve kept Interest Rates unchanged last thursday. We got a bounce back today. European stocks are rising. The dollar is gaining. Gold is falling as well. Emerging markets, asian stocks swinging between gains and losses. The certainty has given investor
Welcome to the pulse. We are live from london. Im manus cranny. Lets get into those numbers with mark. Mark, it is a mess on the composite and a miss on the services. Mark interesting because growth momentum in the euro area could pick up this month after new orders rose at the quickest pace in a year according to the latest market economic data. The purchasing Managers Index gauging Economic Activity in the from 53. 6 in september. That is below the october 23 estimate of 54. It is well above the 50 mark that divides expansion from contraction, and a measure of new order growth rose to 53. 6 from 53. 3. This confirms the euro Area Recovery is proving resilient to a slowdown in emerging markets despite this slide in Energy Prices and a stronger euro dampening inflation. The ecb will decide in december to its it needs to add qe program. Mario draghi spoke yesterday in frankfurt saying they will look at the need to stimulate stimulus. Growth momentum could pick up after new orders rose i
Rate this year. More heads are expected to role amid a growing pile of investigations and lawsuits. Abenomics under pressure. Prompting talk of further easing. Get in line. Apple fans form queues as the new iphone 6s goes on sale. Good friday morning. Im susan lee. Coming up on the program, a nice seafood dinner but will he call back. Its lobster on the menu as president obama and president xi jinping meet up in washington defendant d. C. And is this the end of the line for the flash crash. And find out how nike is staying ahead of the pack when it comes to sales. Welcome to the show. Now the Federal Reserve continues to hedge its bets. Speaking last night, chair janet yellen said the fomc expects conditions to be right to raise rates this year but caveated that by saying if the economy surprises to the down side judgments would change. Given the highly uncertain nature of the outlook one might ask why not hold off raising the federal funds rate until the economy has reached full emplo
Investec highlights the growing debt file. Im more hedged now than ive ever been. Carl icahn tells cnbc why the fed has caused a looming catastrophe with the low rate policy. All right. So after a lackluster session to finish off the week last week, it looks like u. S. Markets fair value telling us were going to be down when markets kick off. The s p 500 looking at the implied open, 7 points below fair value at this point. Dow jones industrials 26 points and the nasdaq should be down 12 points. As we anticipate, yes, it is the u. S. Nonpharm payrolls. Its pretty lackluster. Hong kong, south korea and taiwan. Lets check on the ftse cnbc global 300. This is an amalgamation of the 300 Big Companies not only in europe but asia as well. This is telling us were looking at a down session. Maybe 1 5 of 1 . Lets zero in on europe. Pronounced declines. Headed for our worst quarter, folks, since 2011. As you see, the selling continues with the ftse 100 lower by 1 . The german dax, this is a sello