Electoral joe bidens win is confirmed by the electoral college, but he hints he may never concede. Good morning, everyone. Welcome to bloomberg surveillance. I am Francine Lacqua here in london. It is the day after an american holiday, which saw a lot of markets closed. Cash equities open in the u. S. Because of thanksgiving. This is what i am looking at overall in the markets. Quite a lot of movement is on the portuguese 10year yield. Markets are speculating when it could go into negative territory. Today, the overall mood is a bit of caution out there. Investors, secondary valuations following a rise in equities this month but also enduring pandemic and parts of europe, oil retreating, with rising tensions within opecplus members. We will have plenty of more on that throughout the show. The stock market has a rotation into cyclical and value, by the promising vaccine, or could we see farther moves . For more on this, lets get straight to our dani burger with a look at the markets. Hi
Tensions and the impact of the restructuring makes this a big results call. The ceo joins us this hour. The performance of its stateside business will be watched as if he does numbers hit we will be joined by the ceo for the details. Welcome to bloomberg daybreak europe. Lets get to the numbers on the bloomberg. The red headline is the group is cutting its profit forecast and considering selling units. That is something we will look at later. To 1. 2 billion euros but it is cutting its studyingrecast and offers to sell some businesses, cutting the profit outlook for the fiscal year. Germanys slowdown pushing thyssenkrupp into a crisis. The units with no clear future cant keep burning money. It is studying options to sell businesses including elevators. We will speak to the thyssenkrupp shortly after 6 30 u. K. Time. Manus lets talk about a little bit of the drug manufacturing side on mark. Weve got the Second Quarter adjusted eps, so this is what weve got for you. Euros, a comfortable
Confidence vote, it has to be the first couple of days that parliament returns. Sort throughs another barrage of earnings reports. The large numbers are catching up. We are calling get the star worlds worse stumble. Ultimately, china and the u. S. Are aligned at the hit economically. I dont think the feds job is to make sure there is never a recession. It is all straight ahead on bloomberg best. Hello and welcome. This is bloomberg best. Lets start with a day by day look at the top headlines. After donald trump announced new tariffs on china last week, beijing bowed to retaliate and the response sent shockwaves through global markets. Stocks in the red this morning on the fears that the u. S. China trade war an fell after chinas yu below the seven per dollar level, the weakest in a decade. Meanwhile, china has state owned enterprises for american agricultural products. What is china trying to signal today . They are sending a message that they are going to up the ante when it comes to
Accelerate their race to the bottom on Interest Rates. Central banks are willing to go and willing to go big. Wall street banks expected trim bonus for traders. The u. K. Stumbles towards brexit, deal or no deal. If there is going to be a deal it has to be the first couple of days parliament returns. Nejra sorting through a barrage of earnings reports. The left wants to see profitabilities. The law of large numbers is catching up. We call it the star wars stumble. Nejra experts on how they are reading at jumble. China and the u. S. Aligned economically. I do not think the feds job is to make sure theres not a recession. Nejra all straight ahead on bloomberg best. This is bloomberg best, the hello and welcome. I am nejra to hedge. Cehic. This is bloomberg best, the weekly review of the most important business, news and analysis from bloomberg around the world. After President Trump announced new tariffs on china last week, beijing vowed to retaliate. Their reaction sent shockwaves throu
Or no deal. If there is going to be a deal it has to be the first couple of days parliament returns. Sorting threadbare roger of income reports. Left wants to see profitabilitys. The law of large numbers is catching up. We call it the star wars symbol stumble. Experts on how they are reading at jumble. China and the u. S. Aligned economically. I do not think the feds job is to make sure theres not a recession. All straight ahead on bloomberg best. Hello and welcome. This is bloomberg best the weekly review of the most important business and analysis. Rom bloomberg around the world after trump announced large terrace last week, sent shockwaves through global markets. Keeping stocks in the red this morning on fears that the us china trade wars s plating, asian stocks heading for the biggest selloff this year after keya you and fell past the seven per dollar level. Due to the tariffs on chinese goods. China has ordered state owned enterprises to suspend imports of american agricultural pr