Cnbc about inflation and the euro beat. It started in europe and then the United States. We like to see the European Central bank to take action on Interest Rates earlier. Automakers hit the brakes after profit figures shift down a gear at stillantis. And raising a grlass amid better than expected quarter. It is a tough Consumer Sentiment out there with european businesses or asian business withes. No doubt the consumer we are not seeing the same consumption as a couple of years ago. Despite that, we are pleased with the way we started the year. Good morning. Welcome to street signs. We begin with german flash gdp numbers. These are seasonally adjusted figures. These are coming in right now at negative. 2 . That was in line with the forecast and month over month number. We are looking at quarter over quarter numbers coming in hotter than expected at. 2 . The forecast was. 1 . This is a rebound from the prior read and quarter over quarter read. Coming in line with the forecast at negati
A surprise announcement as they unveiled a 3 billiondollar buyback. Japanese stocks rally, a wild 24 hours for the yen. Chinese stocks edge lower. Inflation numbers including ecb rate cuts. Top corporates report. We focus on autos and airlines. The numbers crossing when it comes to mercedes, scrutinizing the margin. First quarter adjusted earnings before interest and tax below estimates. Its famous. We knew it would be challenging. Estimates had been for 3. 7 one billion. They see fullyear cars adjusted 10 to 12 so they maintain guidance in terms of the margin. Estimates had been for 11. 1 so they range between 10 and 12 , they struggled. Were going to try to get more details. Cost inflation has been a challenge that hit volumes. Looking for supply constraints, they are again coming through. Adjusted earnings below estimates. Estimates are for 3. 71, so lets switch focus to the airlines. German airlines struggled with industrial action. Profit has been hit by strikes and First Quarter
Gets shown the door and off the earnings call. And later, more job cuts at tesla after marking the best day in weeks. Its tuesday, april 30th, 2024. Youre watching Worldwide Exchange right here on cnbc. Good morning and welcome to Worldwide Exchange. Thank you for being with us. Lets get you ready for the trading day hahead. We kick it off with the look at the futures after the positive day for wall street yesterday. A different story today here in the red across the board. The dow would open about 70 points lower. For the month, dow, s p and nasdaq snapping fivemonth win streaks. The dow tracking for its worst performance since february of 202. For the month, chevron and American Express is leading the dow and home depot bringing up the rear. The fed kicks off the twoday policy meeting today. We have seen yields pull back from the levels we saw yesterday. The benchmark at 4. 62 . The twoyear yield at the 5 yield. Bitcoin is popping up above 61,000. Bitcoin is sliding a bit. Down below
Welcome daybreak australia. I am haidi stroudwatts instantly. Clay and i am paul allen. The top stories this hour. Renewed concerns that the fed leakage tina smith higherforlonger. But i shares back to the trend of the posted its strongest sales growth in the year previous paul paul binance founder and fees he gets four months for a few of the world licensed with crypto. And chinas communist parties involved jesus name is and a housing crisis and simplest possible event, that is something there watching as a go to the start of trading. Its a holiday session, we will get to that in the moment. This is the setup, a dire one when it comes to sydney stocks, down 1. 2 . Tracking analysis we saw in the u. S. Overnight. Body cams bond yields climbing on concerns of sticky inflation and what we could expect from that hawkish pivot from the fed started to discipline when it comes to of his sentiments the teachers at job content drops of 1 across the session. The community is gone. The labor mar