Growth of 0. 7 fail so impress investors. And clack action. Shares of novo nordisk sink after a u. S. Law firm files suit against the danish drugmaker over allegations of concealing pricing pressures in its earnings release. Good morning. Welcome to street signs. We want to kick off with breaking data out of germany for the full 2016 gdp data. We are looking at an increase of gdp of 1. 9 year on year. Some forecasts were looking for something as high as 2 . Looking at the components breaking down the picture, private consumption higher by 2 . Government spending by 4. 2 . Now, looking at the household consumption, that was also 2 higher on the year. This follows disappointing retail data we had out a while ago from germany. Overall the gdp figure is higher by 1. 9 . That compares to a forecast coming from reuters for 1. 8 . When you look at the comparison, this figure slightly ahead of expectations. Lets talk a bit also about oil. We have some flashes coming through on norway. Just try
Moments ago. I think you have sort of a false market, buoyed by zero Interest Rates and you have to be cognizant of it. Of course, covered a lot of ground. Talked valeant, apple, herbalife. But in general, nervous about very big, bad things happening in the global markets. Without a doubt. If you have a billion dollars and youre over a certain age, it seems like youre really focused on the risks. The environment doesnt feel comfortable to you. Negative Interest Rates are something you never thought youd have to contend with. And its not to say its correct or wrong, but its one of those things, everyone understands the unease. If youre somebody like carl icahn who has made his fortune putting money at risk when everybody else was panicking and it seemed like things were cheap, thats not really the environment you feel like were in right now. You had an interesting discussion about these gentlemen on twitter yesterday. In part, the conversation went, are they uncomfortable with a communi
Stopped short of calling them a pyramid scheme, what ackman hoped for. Said it would happen, the stock would go to zero. That language avoided and herbalife tried to frame it as an upbeat resolution for them. Heres what he had to say. They chose 0 negotiate a settlement with the harshest the ftc ever had against a pyramid xwee scheme. Misleading the market about what the ftc ultimately concluded. We think its a nice try, but its the herbalife, shut down by the ftc. They just havent realized it yet. Very harsh words from ackman but he went a step further. Accusing herballife, manipulating its stock, attempting to, planting stories with the media positive early friday morning before the markets open and before this ftc settlement was officially announced. Perhaps, although stopped short of saying it directly, encouraging carl icahn to speak positively and before all the facts were known and before the context, as he sees it, at least, of this, everything short of calling it a pyramid sch
With the doj. Germany closed for holiday, uk pmi was strong, brent may close above 50 for the First Time Since august. Road map begins with the first day of the last quarter, q3 in the books. Looking ahead to what y can expect from the usually positive 4q. A bombshell report about Donald Trumps taxes over the weekend shows he could have avoided paying up for two decades. Weve got all the details. And that Deutsche Bank saga that rocked Global Markets far from over. Were going live to the companys headquarters in frankfurt for the latest. First up though, history shows q4 is usually the best performing quarter for stocks. Will that trend continue this year . Fridays rally capped an upbeat q3. Tech sector post d its best quarter since 2013. S p with a 3 gain, dow up 2 . A lot of talk about seasonality, what the end of the year brings. I was surprised west texas usually down in q4. So a lot of questions in this one of course with even more question marks than usual. More than usual not ju
Governor phil bli auryant signe despite opposition. This comes on the heels of p paypal saying it will plan to bring jobs to North Carolina after lawmakers in that state passed a law in a restricts protections for lesbian, gay, by sexual and france gender people. In the North Carolina situation, a large number ofgender people. In the North Carolina situation, a large number of east called on petition calling on the governor to reject the particular law. The mississippi news comes just when the whole controversy started to heat up in the southern part of the united states. There are other bills that are pending in various states. Thish to that, nissan gave cnbc a statement previous to this law being signed that says nissan is committed to providing an inclusive Workplace Environment and we oppose any dlaw 45 allow discrimination. So it will be interesting to see what the corporate reaction is to mississippis governor signing this particular law just a few moments ago and also paypal can