Search business. And prudential prepares to deliver firsthalf earnings in about 15 minutes. Profits are expected to surge by 10 , but investors eye the challenges ahead. Welcome to the show. Lets get straight to european markets, which were indeed quite strong yesterday. A slew of earnings and oil prices recovering by a couple of percent allowed equity markets to perform relatively well, better in europe than in the u. S. , but positive across the board. Now, today we are down 0. 6 for the broader stoxx 600 as you can see, a correction from yesterdays positivity and more of a continuation of how august as a whole has kicked off. Ftse 100 down 0. 6 , germany and france down a little bit more than that. Athens is in positive territory and seema will tell you why. Absolutely. Lets take a look at that top story. Greece and its International Creditors have agreed to a deal on bailout terms following long negotiations. Finance Ministry Sources telling cnbc that a number of minor issues still
Higher in afterhours trade. Shake shack also sizzling in extended trade. The burger chain posting stronger than expected 13 rise in samestore sales, thanks to the return of customer favorite crinkle fries. Lets bring you the german zedd aug zew numbers, august is up from 63. 9 in july, ahead of the forecast which was 64. 7. We also have the Economic Expectations, which has come in below. Its come in at 25. 0, down from 29. 7 and below expectation of 32. So, Current Conditions better than expected, Economic Expectations slightly worse than expected. As you can see, euro dollar 1. 1036 today. Its up about 20 basis points and hasnt really moved too much off the back of this zew reading. We did see a massive rally on wall street overnight. Lets look at how its looking this tuesday. The focus now does turn to the u. S. Retail sales number, which comes in tomorrow. The health of the consumer, of course, will be a topic of discussion. In the meantime, were looking at the dow right now down ab
There is a situation in texas and Mark Crumpton is with us. Mark Tropical Storm harvey is not letting up on houston. The fourth largest city in the United States has been inundated with floodwaters and an additional 20 inches of rain is in the forecast. Has drifted into the gulf of mexico and set to crash the shore of the texaslouisiana border. To pop houston reservoirs are overflowing two houston reservoirs are overflowing. They are both at record high levels due to days of heavy rain. Army corps of engineers officials have been releasing water from both but it wasnt enough to counter the rain, overspill floodwaters ways. Officials say more homes and streets will flood as a result. President trump is promising texas will get emergency disaster aid quickly. He says there will be a very Rapid Reaction from congress, in his words. There are signs that might be a political fight over the money. A Top Committee member suggests he wants to cut spending to pay for the response to harvey. Ref
Now, becky quick we begin with the robot tax. If a robot takes the job of a human, should Companies Day a pack to cities or states to replace lost revenue from what workers would have been paying in this weeks cover story, adeadty roy on a controversial idea, should government tax the robot . Reporter bill buyer is traveling for work this week he came back to his hotel room after a run and realized he needed some water. But when he opened the door oh, sweet thank you. Reporter he got his water and a surprise, a robot at his door buyers just one of the customers benefiting from the robot but tear, or botler as hes called, at the aloft hotel in cupertino, california botler runs deliveries to customers which the general manager says frees up the front desk person to do other things. It makes it easy for the staff, takes up some of the menial tasks so deliveries, things like that, allows us to have people stay at the desk, stay engaged with the customers. Reporter botler costs about 24,000
Workers would have been paying . In this weeks cover story, adeadty roy on a controversial idea, should government tax the robot . Reporter bill buyer is traveling for work this week. He came back to his hotel room after a run and realized he needed some water. But when he opened the door oh,. Thank you. Reporter he got his water and a surprise, a robot at his door. Buyers just one customers benefiting from the robot but tear, or botler as hes called, at the aloft hotel in cupertino, california. Botler runs deliveries to customers which the general manager says frees up the front desk person to do other things. It makes it easy for the staff, takes up some of the menial tasks. So deliveries, things like that, allows us to have people stay at the desk, stay engaged with the customers. Repor botler costs about 24,000 a year. About 6,000 less than what an average front desk worker makes in a year at the aloft. That doesnt include things like Vacation Time and benefits. And remember, peopl