Europe, up by 2. 5 . Todays number from barclays, very strong. We are going to hear from jes staley a little later in the program, our interview from early round. The pound bouncing around all over the place. We were into 1. 31. I think this is broad Dollar Strength rather than anything else. Take a look at the bloomberg dollar index. Alix rising covid cases impacting the economic data. Composite pmi for the euro area dropping below the 50 mark, which shows contraction. Meeting. O ecbs next joining us is john hardy, Saxo Bank Head of fx strategy. Does 1. 18 make sense for when you consider the rising uncertainty . John of course, the pressure should be on the downside given the covid resurgence. I think the general take on the could be that if we are seeing this democrat sweep scenario, we are positioning for a weaker dollar for some time in the future. Anything looks fair between 1. 17, and to me, this is the upper area of where we should be. We shouldnt be doing anything and eurodoll
Restrictions in new york city is boosting education about masks and social distancing. U. S. And china ramping up tensions. Washington rejects beijings claims to the South China Sea and top senators are facing mainland sanctions. Shery lets get you started with a quick check of how the markets are trading. U. S. Futures opening higher, gaining one quarter percent after stocks fell in the regular session. Sharply higher throughout most of the day and then we saw a bearish reversal in the afternoon. Marcus dealt a double whammy with data showing that virus cases surged in california, as they that makes up 15 of u. S. Gdp. Not to mention escalating tensions between the u. S. And china. The u. S. Denounced chinas claims to the South China Sea. The s p 500 at one point hit the highest level since march before falling in the afternoon. Led by tech and communication stocks. The nasdaq composite hit another record high. At the end of the session, the biggest fall in more than two weeks. Take a
Anna a very warm welcome to bloomberg daybreak, our flagship morning show in london. Im anna edwards. Manus and i am manus cranny. Lets kick it off with some red hot headlines. Anna we have numbers coming through from deutsche telecoms. Of course, to rise about 4 , so says the company this morning. They have given us the numbers for the Fourth Quarter. Revenue at 19. 5 billion euros. That is ahead of the estimate of 19. 1 billion euros. Giving us their numbers. Missing estimates, the dividend coming in at 0. 6 euros per share. That is one of the big stories around Deutsche Telekom at the moment. Back in their home market, prices are under pressure because of competition from vodafone. Better news out of the u. S. Unit. We heard from tmobile, with 1. 2 million monthly Wireless Subscribers, more than any other Wireless Subscriber in the u. S. This is a bond based business. Manus a couple more red hot headlines. Lets jump into standardbanks four year adjusted earnings per share. This is a
Im jim cramer and welcome to my world. You need to get in the game. Firms are going to go out of business and hes nuts. They are nuts. They know nothing. I always like to say theres a bull market somewhere. Mad money, you cant afford to miss it. Hey, im cramer, welcome to mad money. Welcome to cramerica. Other people want to make friends. I just want to help you make money. My job is to teach, educate and coach, so call me. Verizon looks good. No, its terrible. Dupont better than expected, or is it . This week started off with the dow advancing 4. 72 . I know companies and i know what to look for. Kurt im invested in every single dow stock. When the biggest and wellknown Companies Report the process is still mystified. I have to tell you what, this morning verizon reported, Company Sends a release because it is so important, whether it be the hook ups or the subsidies for smartphones, this quarter is immensely important. I shoot stephanie link an email that says that i think it is all
For watching. See you tomorrow for squawk on the street and fast money here again at 5 00 p. M. In the web extra, by the way, tweets for tim and pete get answered. Meantime, dont go aim im jim crimmer and welcome to my world. They are jr are nuts. Mad money, you cant afford to miss it. Im cramer, welcome to mad mone money. Welcome to cramerica. Call me. This week started off with the dow advancing 4. 72 . I know companies and i know what to look for. When the biggest and wellknown Companies Report the process is still mistified. I have to tell you what, this morning ver rverizon reported, so important, whether it be the hook ups or the subsidyies, thi quarter is immensely important. I shoot an email out that says that i think it is important. Stephanie comes back in stan tainiously, they is focused on it too. Writing, 7 hit from sandy, big numbers. The stock is down 30 cents. So i renew my efforts. Find my something, what is wrong with verizon. I dont see it. Find me what is wrong. Not