A very warm welcome to bloomberg daybreak europe. We are waiting for one of the blockbuster reports. Dfm to come across the tape. No greenspan said there is bubble in stocks, he is right on a few things. Just cut rates and sometimes you end up with bubbles. What we have done is we have taken volatility index and overlaid it with a little bit of extra which is the cost of options to bet on the volatility index and that is right. We talked about subdued volatility for some time. Tape, anna ng the back to the allah told the story. 2. 16d quarter net sales coming through on the bloomberg. At 6 Million Euros. Ompany that has hold the has had to hold itself together. The attentions of industries also came. The Company Seeking to cut costs and they have been transforming themselves into a new a nutritional ingredients company. E will speak to the ceo back to the story on volatility. Vvix which tracks the cost of fix options, that is what is circled in the far righthand side. Vix, wayraded on
The biggest drop in 11 months ahead of cpi tomorrow. Our retail map with slipping all out with earnings, most of them down in the premarket. Plus detail from facebook to take on tv with original video content. This is a day after disney added fuel to the content battle as it partially splits over time from netflix. And day of ipo report cards blue apron is dropping in the premarket. Busy day for retail earnings this morning we heard from macys and kohls. They both beat the street. Dillards reported. That stock down after it missed estimates and same store sales fell by 1 well hear from nordstrom today. Theyve sort of been all over the place. Up and down. People are being stupid theyre being stupid kohls is a good quarter the concern is the 5. 5 yield. Not a problem. Macys, really, really good. Why . Because they reaffirm. This is a company that has not reaffirmed in ages i think thatthe new management there is energized theyre spending on the stores to make them look better cash flow s
Column, theres your equity indexes, down for the first. Ime, led by the ftse ,enmark, iceland, switzerland all the currencies are rising against the dollar today, led by the sterling, up by three quarters. 4 10 of 1 , we are seeing long bond yields gaining across europe, belgium, france, austria, switzerland. Those are the final two columns. Just want to talk about some of the individual movers today. This is royal phillips, the Dutch Company that has agreed to put a majority stake in to its lighting for the Apollo Global management. A cutprice deal valued at roughly two billion dollars. Phillips will receive cash proceeds of 1. 5 billion for preferred equity for the 80 . Their shares are barely changed. Blocking the plan to go scale capital in china and in january. Thathief executive says accepting a lower premium offer from the u. S. Private equity firm makes sense as it is a safer bet. Macro data in the u. K. Including house prices where asking prices for homes fell nationally in de
Be meeting with japanese Prime Minister shinzo abe. They are going to come out. We are going to take a tour of pearl harbor with them and make comments about the close ties between our nation. We are waiting the video out of hawaii. The same cannot be said for israel, israelis say u. S. Push hard that condemned israel for building in the west bay. Was this orchestrated by the Obama Administration . Thats a question. Turn out, well, like this. Jeff flock on the chaos at malls across the country yesterday. Plus, yesterday a look into repealing obamacare. The president obama says he could have beaten donald trump, hmm, we are less than an hour to the closing bell. Down to the floor the new york stock exchange, lets start the countdown. Okay, so here we are. The second week of a holiday week. Trading volume might be light side for wall street, folks, this is a very important day for the markets. Here is why. Last chance for the dow to break a major record. Shortest span ever between one th
And we will speak to the ceo of unilever after the consumer goods giant reported sales that missed estimates. The interview at 7 15 london time. Matt we are less than 30 minutes away from the open of european stocks. It looks like the rally is set to continue. Here you see gains in theaters cac. E dax, ftse, this, after we saw gains in trading yesterday in the u. S. , asia, and carrying through to us here on the continent. Manus lets have a look at gmm, because it tells the story. The dollar is unsure. Yesterday i was confused. This morning the dollar is flipping it ever so slightly against the aussi. There is a sentiment that the fed will be provoked a little bit like the bear with a stick into doing a rate hike every quarter next year. I was in a session yesterday where they talked about dr. Jekyll and mr. Hyde with trump. The dollaryen, 1. 1360. When it comes to trade policies in the u. S. , somebody might want to brief the administration on if they dont produce enough aluminum, iro