Correspondents. And why watches the world over have seen in the beaujolais day but u. S. Targets are tainting the taste of this years fresh french tipple. This is the day when your business im rob walks in berlin welcome along one of the biggest names in global still is facing the worst crisis in its history germanys to some crop has posted a loss of 3 100000000. 00 euros for the past Financial Year thats 5 times more than 12 months ago the companys c. E. O. Has called on shareholders to be patient as it tries to desperately its fortunes around. Peson crops flagship steel plant they are pioneering the use of hydrogen instead of coal in a Blast Furnace to make steel its a world 1st a significant step towards making production greener and boosting innovation. Change is high on the agenda just in crop for so long the symbol of german industrial muscle. The Company Reported a loss of 304000000 euros in the last Financial Year. C. E. O. Martina metz are shareholders to help patients with th
Hideous beatdown im going to make it real simple for you. The market is spectacular al beit mercurial fashion show. The same stocks that would strut down the runway greeted with oohhs and aahhs will be pelted by tomatoes. Stocks that have languished sell like hot cakes when styles change we call that a rotation on wall street. Investors are furiously recalibrating what theyre willing to pay for and just right now theyre happy to pay up for the stocks of solid companies with healthy dividends and ideally big buy backs. You know what . Theyve lost interest in the stocks of Fast Growing Companies when it comes to revenues. They issued huge gobs of equity and pay people or come up with bizarre new metrics or explain how theyre really doing okay even though they dont have much in the way of earnings if any. In other words, the cloud stocks are up salesforce. Com, adobe, workday, z scale, i could go on and on. These names were all smoking red hot and now theyre struggling you have to wonder
In the star ship program. Guy how far are we now to the star ship program . Its a big piece. Matt talking 30 rockets instead of the nine on the falcon. Its really adding complexity to the program and you see them thinking of technology that allows you to get it all the way to mars as complexity, too. Hellon elon talked about the physical issues of getting to gravity and when you get to that size rocket, you Start Testing technology, physics, or our understanding of it as we know it today. Vonnie theres no particular regulator for these type of missions but the International Telecommunications union coordinates the allocation for frequency of communications, matthew, so in a sense space x is given a lot of freedom and seems to be using the freedom pretty well. Lets talk about the satellites and go up in the tower and then one is at the ch lower orbits and they have to push their own solar panels to survive in space. Its very ingenious. Matt theyre using a lot of technology though its go
Tiffany. Stock has been rising in the green market ahead of the open. Paul lets get a check on how were doing on the markets at the moment. Weve had new zealand trading for a little while now. Looking higher by about, there you go, about a third of 1 giving up some of the earlier gains. We saw a very good trading major in the u. S. , all ndexes higher, small caps as well. 1 . Australia, up. 1 of bear in mind with australia, we here. Staggered open still performing well after up 2. 5 . s gains westpac. Ting for brian, the day, c. E. O. Buckling to what analysts saw as the inevitable and down in the wake of these Money Laundering llegations from one of the countrys regulators, 23 million separate breaches. His sword and n bringing forward his retirement 20192020 st half of as well. Trading t of chicago flat, similar story despite i ns that we have seen as mentioned fueled by trade shery. M, shery the u. S. Dollar strengthening broadly on the trajectory d the next year will be a result of
Probability an october fed rate to 90 Technology Leading todays come back nasdaq is higher up about 1 . We got our team of reporters standing by. They will break down todays whipsaw Market Action. First joining us is stephanie link interesting day weve had here we were on together at 10 00 market immediately went down i called almost a percent. Here we are back up. What do you make of it its a wild day its not over. I think its bad news is good news the data was soft. Both ism reports were soft well have to see what the nonfarm payroll will be tomorrow it will be on the softer side. What does that mean . Does the fed cut 60 chance for december cut, and speculation that maybe trump gets more desperate to get a deal done, trade deal done thats why we rallied. This is a pepsi market pepsi i like that it really is. Truly. They reported a good number, inline revenues. Market wants 4. 5 steady organic growth a steady yield paying 25 times. I cant do that because its too rich for me. Thats wh