German survey. You are watching street signs. Lets give you some headlines this morning shares rising as the dutch Agency Reports strong european performance with double digit sales both in the Second Quarter. After the bell shares sliding in the companys Second Quarter numbers missed expectations and outlines a new structure amid pressure, of course, from activist shareholders. And higher prices boost earnings more than 50 . The companys ceo tells cnbc that the sector is driving growth im not worried about the core volume growth were ahead of gdp we see growth in automotive, which everybody says has slowed down in the first half of about 7 or 8 zplool we have the Expectations Index. Its below the headline record levels you probably want to have a look at as well, and the Expectations Index has come in at 107. 3, and that is above the consensus of 106. 5 lets say for once were not obsessed by Monetary Policy or obsessed by mr. President trump. Lets say you are looking at corporate earn
Selloff coming out of the united states. This mixill throw into as well what has come out and the last hour from carl icahn. Interesting to see him backing trump. Inis a guy well followed terms of his views around the markets and have Central Banks and governments influence those markets. This is what he had to say in the video he released about the low rate environment. Why should they raise rates . It is almost a rhetorical question. There are so many reasons. Low rates are almost by definition building bubbles. Real estate bubbles. Guy one of the stories riling the asia markets right now is glencore. I want to show you one chart. I want to show you this one here. It highlights what is happening with glencores debt and equity. The market capitalization is in yellow. The total debt is in green. You have yellow above green, yellow above green for the last four years. The problem is we are now down here. This is the current equity valuation of glencore. This is the debt story. That is s
Production could drive the recovery. And we do not think that 50 for many, many years is a likely scenar scenario. U. S. Prime minister David Cameron is due to speak at an event in Central London any minute now. He is going to be talking about the European Union and britains relationship within the block. Well bring you that live when it begins and of course this is a crucial day in the week of brexit negotiations. Due to send a letter to donald tusk outlining his demands for his negotiations and that speech we just reference. Well bring you that live when it begins any minute now. Q3 results of course follows already volkswagens earnings. Were getting them now. Theyre in german so have to say im not an expert at delivering this. So far, hopefully reuters will start translating them any second now. Were expecting around 1. 1 billion euros. Can i. Let me help out here with my expert german but the profit is 1. 19 billion euros so thats not bad. Not bad. These earnings do follow volkswag
Sponsored corruption. The first results from subpoenaeds election in mir and march has given a big majority to the opposition party. Our coverage begins with the woman seeking to lead the country towards democracy. There were scenes outside the headquarters. The supporters celebrating what is likely to be a landslide victory in mir and march. Earlier, a large crowd greeted the 70yearold opposition leader. Her party had been expected to win. Addressing her supporters, she called for unity. I want to remind everyone even candidates who didnt win have to accept the winners. Its also important not to provoke those who didnt win to make them feel bad. International observers say although there were problems, the election was fair. Election officials said the vote was successful. The 2015 general election was peaceful. It was conducted peacefully and it was a success. But despite the victory, the winner is banned from serving as president. The military government changed the constitution yea
Let us talk about some of the threads that draw some of the main stories together. Crude certainly one of them, and brought together iran. What happens when the iranians come back to the market . We see that concluding friday. We have the inflation story out of the euro, trying to figure out what the fed will do. We have been hearing from mr. Evans in chicago, his views about a rate cut. All of those coming about in a few days, a really climactic end to the way. Then the get to the payroll, the fed decision, an awful lot still to deal with. Eurozone inflation is still a big part, we will talk about that a lot over the next couple of hours. Lets get you up this be. Here is bloomberg first word. Nejra Facebook Ceo Mark Zuckerberg and his wife announced plans to donate nearly in of their 46 billion stocks to charity. They have become parents, announcing the donation of their first child. He plans to give away no more than 1 billion a year for the next three years, holding on to majority V