For a conversation with stefon engels. Welcome to daybreak europe. From unicredit, First Quarter net comes in at 1. 1 billion euros. 995. 3 million. S that is a beat. It is confirming its target for 2019, the target for revenue it is confirming it of course, what we heard earlier this week was that it was selling its entire stake. That is a reminder of that. In terms of the update today, the main number to draw your eye to his the Third Quarter net, which is a beat. Lehmans numbers coming in as well. Fullyear adjusted, industrial businesses, 9 billion euros. The estimate was 8. 61. That is a beat, at least on that number so far. Looking through some of the other headlines, decline in market volumes for short cycle businesses. This was a problem last quarter as well so it seems this issue is still remaining. Year 2020 of 6. 3 to seven euros, excluding charges. The outlook will be something analysts are keen to hear more about. The global Macro Economic development, some dude in the full
Rp much flat are the much flat. S p futures reporting today. Credit suisses thirdquarter results bringing relief to the banks reputation that was dented by a spying scandal. Bloombergs Francine Lacqua spoke to the ceo. Negative Interest Rates are not helpful to the banking sector. Everyone can see that. It will have to change at some point. Alix joining us from zurich is Francine Lacqua. Walk us through some of the highlights of the interview. Francine first of all, the numbers topline werent bad at all, but if you double down and look at the detail, some investors were maybe a little disappointed on the margin when it comes to wealth. The Global Markets did extremely well. This was a problem for Credit Suisse in the past. Youre seeing a bit of a muted reaction. Share price was down 2. 5 a short while ago because they are focusing on betterthanexpected results in some divisions, but the guidance disappointed. The other big question i tried to press on was the spying scandal. A couple o
It is still mixed. Analysts in the reports use words like mixed, mediocre and unimpressive to describe the result. Unlike Credit Suisse, we did see ing miss. They are feeling the pinch of lower Interest Rates. Google, herbert stumble for them. Google, a rare stumble for them. We saw staples in europe followed by utilities. Switching to the negatives, these are more telling. You will see oil and energy and materials have the worse earnings, basically seeing the growth drop by nearly 30 for energy. And more than 35 for materials. Thank you dani burger. We had more breaking news on the bloomberg. Let me bring you these numbers. It is at the low end of guidance. Cost of fx is up. Thirdquarter sales come in at 32. 8 billion danish krone. Ever so slightly soft, in line on thirdquarter sales. Thirdquarter net income, 10. 1 danish krone, that beats the estimate of 9. 6. The red headline says it raises the low end for 2019 sales growth guidance. Lets get back to earnings season, we are joined b
Lawn. Im Melissa Francis in new york. This is after the bell. Hey, connell. Connell im connell mcshane, reporting live at this hour the state of pennsylvania. Start of after the bell series on swing state economies. We have three states in three days. Heading to michigan tomorrow, wisconsin on wednesday. These states helped put President Trump in the white house. Their economies may very well decide if he stays there, when America Votes this week, next year. Our host is from a company in chesser county. They specialize in automation. You will hear about later on in the hour. We begin with the records melissa talking about in the markets. Jackie deangelis on the floor of the new york stock exchange. Jackie. Reporter connell, records across the board. Market locked in gains with the dow up 115 point like at the settle. Three things traders are talking about. Positive earnings adding to the momentum. Optimism on trade, certainly a factor out there. Also some residual excitement about the
Josh brown its been a safe spot for august its entirely to be expected where bond yields. I was asking people today, you can have a 30year treasury, or and whatever up side you might get. Yielding 4. 17 , plus a buyback, which one do you want . I was amaze d you dont think tl is volatile . Or look at the balance sheet, too much dead. Theyre supposed to have a lot of debt. The other pushback is the bond picture details something recessionary but there are some categories better than Others Companies that have a business that seems to be less reliant on discretionary Consumer Spending. Its that they will provide padding or cushioning. I dont know how much cushioning there is left at these prices. Bo pisani is diving back into new controversial brexit headlines, and mike santoli nice rally. Energy stocking keep going down okay, most of the stocks are down, and many are near lows routinely. They had very missioned everyone results. Look at the months, and dillards and khols down, most of t