Propaganda,o speak but to talk about their leadership and how it has harmed iran. Matt from the german capital berlin, good morning. Nejra i want to quickly go through numbers out of renault, the french carmaker. Linyear revenue, the top e, close to last years level. Previously it saw a rise, so Renault Joins the slew of carmakers cutting back on the forecast, the outlook for the year, with slowing auto demand in europe, down 1 , down 7 in china last month. We see a global slowdown of autos, and renault is joining. We will talk to their ceo later on today, just after 9 00 a. M. This morning. Nejra . Nejra u. S. Equities yesterday fell from record highs. All 11 Industry Groups fell on the s p 500. Futures are a little higher on the s p 500, up 0. 2 . In europe, the big story was mario draghi, somewhat undoing what the ecb statement said, hinting rate cuts and more stimulus, but mario draghi says there may have been different views on the governing council, and that the risk of recession
How that turns out and beijings reaction to it may well have an impact on our market today. We will show you that protest. Second, that recession signal, the inverted yield curve, well, as you can see, it is no longer inverted. The tenyear yields more than the twoyear, the way it ought to be. But i want to show you this. Money is pouring into americas 30year bond. Its yield has dropped below 2 again. Why . Well, germanys bond has reached yet another new low, negative yield, minus. 7 . Really crazy stuff. All right. You may think this is a crazy headline, too. President trump, according to the wall street journal has suggested america buy greenland. Varney company is about to begin. No, i think the longer the trade war goes on, the weaker china gets and the stronger we get. Were taking in massive amounts of money, billions and billions of dollars, as you know, and i think the longer it goes, the stronger we get. I have a feeling its going to go fairly short. Chinas lost millions of jobs
With abal easing trend surprise half percentage point. James bullard says the u. S. Central bank cannot react on a daytoday basis. Failing to stem the flow, net outflows at aberdeen were greater than analysts estimated in the first half. We will speak with the ceo shortly. The german lender says its profit target for the year is looking significantly more ambitious. Matt commerzbank has brought me here. I will talk to the finance chief in a little bit, and i will ask if calling your target ambitious is the new profit warning. That seems to be a trend for german company. They say their targets are ambitious. They make it clear they have been hardhit by the Sales Forecast and then they bring them down. It is a difficult environment for banks, and i will ask what the hardest part is. I am sure local rates are not helping, and what their plan is to get out of it. Time cutting costs. We will ask for clarity on that from stephen englels. We could see equity indexes rise again today at the op
I would look for italian bond yields and treasuries. We are also getting breaking news out of iea. It says the oil outlook is fragile. We had a great story saying saudi arabia is speaking to producers to make sure there is not too much volatility. 57. 42. Rude at and the one weve had a lot of news, we could talk about u. S. Intervention on the dollar. The yield at 1. 7. R shares are rising after the Company Proposed and 8 billion settlement. This is the picture, 7. 5 higher. Coming up, we speak to the chief executive of novo nordisk in 30 minutes. First, lets get straight to bloomberg first word news. We stay with that breaking, also a bloomberg scoop. Bayer proposing to pay 8 billion to settle claims round of causes cancer. This would settle more than 18,000 lawsuits. It may be months away, but it would ease investor concern over the litigation exposure. Fight, thatthout a is the italian Prime Ministers message to his deputy. Leaderiimmigrant league is pulling support for the administ
First half net profit jump for roche as they lift their Sales Outlook for the year the ceo tells cnbc the trend will continue into 2020. Given the strong momentum we have with the new medicines, we also expect growth beyond the current year and to be able to continue to overcompensate the effect of the entry of the bio similars. Astrazeneca shares hit a record high as they beat Second Quarter estimates. The ceo hales strong growth in cancer drug sales. It was a growth rate of 19 this was driven by oncology Franchise Growth of 58 . We got to 4 billion for the first half, china grew by 35 . So very great driver of growth for us and ab inbev beat Second Quarter forecasts as beer sales grow at their fastest pace in five years, while diageos ceo tells cnbc a taste for gin is boosting performance a lot of that growth is coming in the early evening occasion from ill call it boring wine an boring beer an beautifully served tangaray and tonics have a beautiful space to play. Just some of the la