Of 125 so, that is just a touch below expectations the headline index, that is easily beating expectations. Lets get instant reaction to this from annette. The key question here, to what extent did this already factor in the collapse of the Coalition Talks . Would this have been reflected in this result actually, the cut off date of that poll by ifo is yesterday. There is a fraction of respondents who have factored that in in their response. Ifo is also saying the majority of clients are responding in the first two weeks. So, bottom line is there is only a slight effect of the collapse talks in the numbers setting these things aside, there are many people also, the German Economic Council of economic experts, who say those failed talks should not necessarily dampen the Economic Conditions and the outlook for the economy. Because its quite clear in the end well get some sort of government, whether it takes a month or two or three longer wouldnt be much of a problem for the economy and t
In a defiling that it now owns 7. 5 of the food giant which makes oreos, ritz crackers and wellknown brands. Whats unclear is what the investor wants to do with the company. Ackman wanted the snack maker to grow revenue or cut costs or sell itself. Mondelez, for its part says they will welcome them as investors in the company. Ackman joins nelson peltz. His firm holds a 3 stake in mondelez. Well show you whats going on now in the premarket trading as a result of this and you wouldnt be surprised to see that they are sharply higher. What does he want to do with the company . He wants the stock to go up so he can sell the stock for more than he paid for. We were having a conversation off camera. Okay. Maybe he sees something thats not being optimized at mondelez the way that management is running things but what he really knows is i have enough money, 5 billion. I can make a splash and in all likelihood the stock will start going up just on that and then you agitate, you mess around, you
Welcome to brookings. Richard reeves, the gentlemen to my right not politically, but to my right. And i codirect a center here called the center on children and families which we are extremely pleased to do. Were pleased to be holding this event, as well, about an old policy idea, which is often called the childrens allowance, a species of guaranteed annual income with some new twists. Why would we be concerned about a childrens allowance, the idea of giving a guaranteed cash benefit to families. I think there are a lot of reasons but i think two are predominant. One has always been a good reason to do it and that is it costs a lot of money to raise a child. At least a quarter of a million dollars, estimates vary greatly. Wealthy families spend more and so forth. But it is a lot of money to raise children. And they are the future of society so it makes sense that we would subsidize families to try to compensate them for the money that they have to spend for children, because would the
Down by a full percentage points. You have to say, what is happening on the continent, the pain more acute in mainland europe. David we were looking at this before, was you put this in the same and once you put this in the same currency, rebates, everything going into the dollar, and you will see why this next board is important. The town has been battered pound has been battered, down by over 8 . That does not look as dramatic. And this was have been in the market swiss have been in the market. At. 07 and we got down on the dollarthe yen, trading down by nearly 4 . Jonathan bring up the bonds. Yields on treasury grinding got to alltime lows. Points on the session. And for me, you spoke earlier, the idea that they could use lose a triple Credit Rating in the United Kingdom. This is down 33 basis points. We talked about it being more acute on the continent. I believe it is down 12 basis points, 20 basis points on a 10 year yield right now. David it is a sovereign, so the effect is much
Of trading this week. The dax off by 0. 8 . ,f you lift out the stoxx 600 the biggest moving group is travel and leisure, perhaps no surprise. Switch up the board very quickly. Look at this. Dollaryen. Potentially the biggest weekly gain for dollar and in dollaryen in percentage terms in years. Treasuries having their worst week so far this year. 1. 54 of the u. S. 10year. David w. turning to the attack on nice, president hollande held an emergency meeting after 84 people were killed during a terror attack in the Southern City of nice. We turn to our bloomberg colleague who has been reporting on the story. Please bring us up to speed on what we know about this attack up to now. We know the name of the attacker now. Mohamed lahouaiej bouhlel. He has been identified as a 31yearold french tunisian national. Apparently, a family man with three children. His drivers license was found in the truck and police have man who was is the driving the truck into the crowd last night. He was not know