Profit streak comes to an end sending shares lower in extended trade. Dont miss our interview with renaults ceo as the french carmaker cuts its fullyear Sales Guidance on a degradation in demand. No clear direction so far in european markets after that key announcement from the ecb about forward guidance, the introduction of quantitative easing down the road and what seems to be an almost certain rate cut in september in terms of the individual markets across europe, though, you can see the four major indices in europe are trading slightly higher. The ftse 100 in london about a fifth of a percent higher. Similar story in germany we have huge amount of earnings going on at the moment the cac 40 is slightly above the flat line. In italy, where weve been hearing from the two deputy Prime Ministers about the future of the economy, you can see the ftse mib is in negative territory. Media performing well as is telecons technology in europe bouncing slightly higher, up 0. 4 the Retail Sector
Beyond meat down big lets get more on beyonds quarter. Beyond meat shares taking a dive as you mentioned after the Company Announced a secondary Share Offering shares slip more than 11 after the company made that announcement a secondary offering of 3. 25 million shares which increases its float. That could boost short seller interest in the stock which prior to earnings was a 16 of the float. Keep in mind that number itself was a bit inflated because the company is still in its lockup period the company mentioned on the call it cant comment on the secondary offering due to regulatory requirements. Beyonds worst to date was on june 11th when it lost more than 25 . The stock is still up a little less than 700 since its i. P. O many analysts were focussed on the companys top line growth. Beyond attributes its top line beat to a number of factors, including new partners and increased demand from existing partners we are using our advantage to drive, continued expansion in retail and Food
A Police Station where dozens of demonstrators were charged with writing on tuesday. Officials in the democratic republic of congo say a 2nd case of ebola has been confirmed in goma. The city of more than 2000000 people is a major transport hub and Health Officials are worried that a major epidemic could spread from there at least 1700 people have died in a yearlong outbreak in the country. A Memorial Service has been held in frankfurt for a young boy who died when a man pushed him in front of a train on monday. Prosecutors have charged the suspect with murder and say he will also be examined by a psychiatrist. I phone sales continue to slide apple reports sales of its smartphone fell 12 percent in the recent quarter but says its Services Revenue is making up for it. Also on the show chinese tech giant huawei points to strong sales in the 1st half year despite being blacklisted by washington is that the full picture of its business. And a beer bottle bottleneck is leaving belgium brewe
Telecom giant huawei says there has been a dramatic slowdown in sales growth in the midst of the trade war. In exclusive interview, he hints at even tougher days ahead. Capital one shares drop after a data breach. The company saying data on 100 million customers hacked. All of it stored on Amazon Web Services. A former amazon employee has been charged. But first to our top story, apple shares spiking after hours after reporting thirdquarter results. Revenue topped analyst estimates. Apple saying it remains optimistic about potential sales of new Iphone Models set to hit the market in the fall. For more on Apple Earnings as they are unfolding, we are joined by max chafkin from bloomberg businessweek, and we also have the sin of this trust Portfolio Manager with as. Walk me through this. Iphone sales missed estimates, Services Missed estimates, the forecast beat. What about all of these other indicators . It is an interesting report. If you would have told me they would have missed on bo
A costly tariff war over trade and technology this weeks meeting is the 1st since President Donald Trump and chinas premier sheeting ping agreed to resume negotiations that broke down back in may economists say the truce is fragile and quick breakthroughs are unlikely because the 2 sides still face the same disagreements with no indication as the government is ready to offer major concessions on tuesday president strong want to beijing against waiting out his 1st term to finalize any trade deal saying if he wins reelection in november 20 twentieths the outcome will be worse for china. And for the latest on those trades talks lets bring in our asia correspondent in taipei harm good to have you with us through what do you hear where are those talks headed right now. Well weve been watching it closely and is the 2nd day of the trade talks of course the meeting itself has been kept a secret of but from the remarks of chinas top position making body we know its different this time the polit