Higher. Up another 2 10 of 1 . It is this level that matters. Most of the summer, we have been bouncing off of that level, 470 has been really important. We are breaking through that. Lets talk about some single stocks. Heineken is fascinating. It has absorbed the input cost rises. It pushed them through the customers and the customers are pushing back. Particularly in vietnam. The markets are not convinced. Heineken gets marked down significantly. Adidas, down by 4 10 of 1 today. But a really big deal being done today with manchester united. They are trying to rehabilitate the brand. It is a huge deal being done with the premier league. It will be interesting what impact it has. It speaks to what is happening in premiership football right now. Adidas down by 4 10 of 1 . Lets bring you back with a bit of sports. Alix sports you play with your feet. All of the indices are up just a touch. J j is the biggest lag or on the dow lagger on the dow. There are cases that j j will have to deal
Held a News Conference just about an hour ago during which he promised the senate, regardless of the bickering going on in the house ors or would work on keeping the government open. Now, let me just pick this apart for you. The vix was waving the fear nag for the second straight day flag the but you can see it punch back into the red after having been up earlier. Weve got it at 18. 49. Yesterday e the volatility index closed at 18. 94, thats the highest in 4 months. Notwithstanding the momentary moderation of fear, can you blame investors for being jitteriesome we are now less than 3 days and 9 hours away from a government shutdown, and the house is nowhere near agreement on a plan to fund the government by saturday is deadline. Republican factions in the House Holding up a shortterm government funding bill, but we are learning a potential compromise involving southern Border Security and ukraine funding has begun to take shape, one thats getting consideration from a number of republi
Called truth about text reveal how they plan to get more people to disconnect. And scientists find a mother lode of mayan architecture that hasnt been seen for centuries. Lost cities in Central America. We begin this morning with a look at todays eye opener, your world in 90 seconds. Brady under pressure. Launching one for the end zone. And its incomplete. And time runs out. Fly eagles fly. The Philadelphia Eagles are super bowl champions. Eagles fans everywhere, this is for you. Let the celebration begin. Eagles fans swarm the streets last night. Philadelphia celebrations going haywire. Its very, very hard. In South Carolina, a passenger train believed to be on the wrong track plowed into a Freight Train killing at least two people. It was horrendous. The New York Times claiming that fbi investigators took nearly a year to follow up on reports s that larry nassar wa abusing young women. The memo has no impact . Not to me it doesnt. There is a little bit of sweet revenge in it for me a
Power play, edf boosting its power target this year thanks to stronger new output in france sending shares sharply higher. Lets get straight to the market action. Glencore shares trading higher after debt retux plans. The company outlined an ambitious net target between 18 and 19 billion next year. Along side this the mining and Trading Company plans to cut capex as it grapples with a continued commodity route. Share prices up 10 in london trade. Thats also helped boost the Mining Sector more generally and one has to say, susan, that glencore has handled this latest head wind its faced pretty well. If we rewind just a couple of months, wouldnt think it would have managed to reduce debt targets so significantly. Yeah, credit default swaps were pricing in a 50 chance of default from glencore. The stock is still down 70 , you know, at one point we were down 75 on the year but is this really good news . Because from what i understand yes were looking at 2 billion in Free Cash Flow but then
Nikki Sparley: Thank you, Sach. Good morning, and welcome to our second quarter 2023 earnings call. As a reminder, some statements that will be said this morning contain forward-looking statements.