The eu. Republican proposal to repeal couldplace obamacare cause people to lose their health care coverage. The number of people covered by obamacare could be cut right as much as 51 in some states. In asia, north korea has executed five Senior Security officials because they made false reports of enraged dictator kim jongun. They said the executions were carried out with antiaircraft guns. He has reportedly killed or purged a large number of top north korean officials. Global news this is bloomberg. Live from bloombergs World Headquarters in new york, im scarlet fu. Joe and im joe weisenthal. E are 30 minutes from close the white house getting its funding plan today as President Trump prepares to deliver a speech to Congress Tomorrow night when he is expected to give his spending priorities. Duefed decision on rate is in two weeks with eyes of a march rate increase rising to almost 50 rate on fed funds futures. The fed chair event later this week. Opinions are split on whether snapcha
The bank of england. It is almost as you get a 25 basis point rate cut. That is what the market expected eight. It is almost deja vu, anna. But how doom and gloom laden will the prospect before inflation . Anna a lot of focus on the bank of england. Let us get to the breaking news from the corporate world, numbers coming in from siemens. We have numbers coming in at 2. 1 9 billion euros, ahead of the estimate of 2. 09. So far ahead of the estimate, seems they are actually upping guidance once again. We her not long ago from siemens that they will basically be 670, that is the euro range. They had seen it at between 640, upping that guidance. We will talk later on to the Ceo Joe Kaeser. Well talk to him about that upgrade to guidance, just how convinced are they about how they can do in all of the energyrelated indices they have been turning attention to. Europes biggest Engineering Company, in munich. Let us get to the pharmaceutical industries. We have merck in germany giving us numbe
This is the worlds most valuable company. It released earnings after markets closed in the u. S. Shares rose postpostrelease, and post market of both postrelease and post market. Numbers are falling. Unit look at revenue and thatts, profits were not good. Several billion yet less than last year. Iphone t means that the model, peoplest were doubting whether it was a little too expensive for but it pickedts, up traction. That seems to be what is saving apples numbers, especially when you look at projections. 45 point 5 billion 45. 5 billion. That is the bottom end of the target range for apple, if you look at the projections. As far as that is concerned, it seems to be over growth. Sales are falling. Another thing to mention, the cfo basically said at the start of this, for the past quarter, they were not able to keep up with demand. Now they have put in the necessary capacity to meet back up demand, so they do expect this for the next three months. The iphone is still the most important
London. Im francine lacqua. Lets quickly check on the markets. We decided to plug pound before anything else. If you were to choose one story you wanted to date deeper into, it would be bank of england and repercussions of a brexit on whether they will do qe and what an Interest Rate cut means for the economy. For europeanicture stocks overall, gaining a touch. We had earnings news here in there. Crude oil at 43. Lets get the bloomberg first word news with nejra cehic. Nejra siemens has raised its earnings outlook for the year after higherthanexpected thirdquarter profit. Europes biggest Engineering Company said profit from socalled industrial operations rose 20 in the three months through june. Chicago fed president Charles Evans says one rate hike could be warranted this year. He expects growth to increase in the second half of 2016 following disappointing gdp readings in the first two quarters. Investors are awaiting fridays jobs data for july. A woman has been killed and five other
Vonnie ando everybody out there, happy friday. Modestly off the highs. We did see a spike in the nonfarm payroll boards, but these split the major averages good split the major average split the major averages. Dow transports, this index is up 1. 5 . This point. at 17 of the stocks within the next are higher. From the macro standpoint, we go 3295. Loomberg and look at aqua, we have the dow. White, we have the transports. The transports are in a correction from the alltime high all the way back to november. The question is which of these 2 equity indexes is the tell on what could be next for u. S. Stocks . As for the week it was a dataridch week. Will the fed the raising, once, twice . When we look at the Asset Classes on the week, the dollar is hybrid that probably supports the idea that they will be racing. Oil is lower on the dollar strength, probably supports it as well. One of the biggest boosts for the s p 500, in fact the biggest boost, coming from financials. It includes wells f