We actually hit we set for ourselves in terms of cash flow and process from sales at this point in time. So thats helped us continue to maintain the dividends. Investors fear more cost cutting at Air France Klm. Shares take off after europes second largest carriers despite slipping deeper into the red. Amazon delivering for investors. The online retailer surprises wall street with ads 92 million profit in the Second Quarter as its bet on the cloud pays off. Shares skyrocket after hours. Welcome, everyone, to the show. Some Economic Data could bring to you right now, eurozone july pmi manufacturing coming in at a 2. 2 versus the reuters estimate of 52. 5. The flash composite pmi at 53. 7. Interestingly enough, the weaker euro, price cutting not helping foreign demand at this point. This after the german pmi number disappointed. We were looking at the euro in session lows and right now its remaining in a similar position. Euro trading at 109. 47 against the u. S. Dollar. Eurozone busines
Going forward. You know, chris, the president S Homeland Security Department did say earlier there was no specific credible threat involving other public venues in the united states. How do they make that determination for certain . What they had in front of them, i think they are referring to based on this incident. I think theres always a generalized threat out there in large public events. Those soft targets weve been talking about. And people need to be aware. I saw a lot of people at that concert standing around watching what was going on instead of seeking cover, and i think that probably created a situation where more people were hurt than needed to be i mean, these fully automatic weapons can kill a lot of people very quickly, but we just have a very low level of awareness. Chris, we thank you for your insight. John and kayla, thank you. Well touch base with you little later on this morning. If youre just joining us this morning, good morning, welcome to squawk alley. Im Carl Q
Spain. Another Significant Development in spain. Spains Constitutional Court has suspended an upcoming session of Catalan Parliament. This is designed to stop a planned declaration of independence. The court says that would be a breach of the constitution. Bear in mind, the same court said the referendum would breach the constitution and the organisers went ahead anyway. Were also seeing signs the fallout is impacting the economy. Spains fifth biggest Bank Sabadell will shift its registered domicile away from catalonia, a Company Spokesman said thursday, after threats by the regions leaders to declare independence. The catalan minister for external relations has spoken to the bbc in the last hour or so. This is what he said. That is a new attempt from the Constitutional Court, which is by the weight very politicised body, it is not newco, to impede the normal voting of the catalan institutions. It isa voting of the catalan institutions. It is a new attempt to take control of the Catala
Taking their cue from asia and wall street, where all three major industry saw record closes for a full year ina industry saw record closes for a full year in a row. Google pushes into hardware, amazon is told to pay back taxes and youre who revealed that billions affected by the cyber bridge, we will be looking at the weekend tech. Fallout from the colla pse weekend tech. Fallout from the collapse of monarch airlines, many of the hardest hit customers paid debit cards to pay for flights, today we want to know, are you willing to pay a little bit more to use a credit card instead of a debit card, to give you extra protection. Welcome to you, good to have you with us here on business live. We start in the indian capital delhi, where Prime Minister modi is hosting the 14th eu india summit. European Commission President Jean Claude Juncker and European Council chief donald tusk are there to discuss everything from security to migration and Climate Change. But they will also be trying to r
On the eve of a statement to the Catalan Parliament by the regions leader, carles puigdemont, theres continuing uncertainty about whether hell declare independence from spain. A member of the president s party said he would give a symbolic statement that stopped short of a unilateral declaration. Meanwhile, hundreds of thousands of people have been on the streets of barcelona in a huge show of support for the unity of spain. But how do people feel in the countrys capital . Our europe correspondent James Reynolds reports from madrid. Spains cities sets its own tune. It expects the rest of the country to follow. And is puzzled that one region might want to break away. dont understand why suddenly after all these years katter loanee is trying to get separated, but i think they dont understand or they dont have vision for whats going to happen. Its absolutely shameful. I have no words. This is total disunity in my humble opinion. Im absolutely against separation. Were one state, and thats