I am manus cranny. We are waiting for the numbers. With bated breath. You have the carlsberg numbers. When heineken comes down we can go to that. Carlsberg has cut its fullyear profit outlook. The earlier forecast was for adjusted net income to rise by low singledigit percentages third what they said is adjusted net income wont fall by midto high single digit percentage. What we care some much about carlsberg, not only because it is the worlds fourth biggest brewer, russia is its biggest market. What it says about russia is fascinating. Market volume in russia down by 6 7 in the first half. Its market share has fallen sees8 basis points and it the russian beer market down by a high singledigit percentage. Its earlier forecast was a midsingledigit drop. Revenue threatened by Political Tension over ukraine. The weakening global and government efforts to curb drinking. Well come back to carlsberg in a second. Heineken is all yours. Can i be a seamless as that . Firsthalf consolidated reve
Economic data in the u. S. , at mba0, we have the weekly , Mortgage Applications. 10 00, new home sales. He and earnings meanwhile, we lowes, target, ch, andmbie and fit after the bell there are earnings at jcpenney. Per share, 29 cents, which appear to miss the consensus which was ready one cents. Comparable sales from blows, the Home Improvement retailer, up 3. 9 . Analysts were looking for an increase of 4. 2 . In terms of the full year earnings per share estimate, also coming in lighter. Analysts were looking for 2. 64. It looks like ms from lowes after home depot came out was betterthanexpected numbers. It has been little soggy so far all in all. A 5 billion Share Buyback program. The buyback authorization is 6. 3 billion as of january 31. That has been a big story with Corporate Cash right now at near alltime highs, 4. 8 of total access use the cash. Robert nardelli in our next hour. We will also focus on the jpmorgan article in the ft this morning about the billions of dollars a
I am guy johnson. Francine lacqua is off today. What do we have for you on the show today . It is all a board brand italy. Monocle magazines latest issue is all about the country. We are live with the editorinchief tyler brule. Were going to cover a lot of ground. Italy, beautiful but problematic. What do we do with it . Lets begin with our top story of the day, and explosive report by u. S. Lawmakers on Credit Suisse. According to a Senate Committee, the bank helped american customers hide as much as 10 billion in assets from the irs. That is more than double the amount previously known. Hans nichols has more on the findings. He joins us from berlin. The numbers are shocking. More so than the numbers, the details, the salacious aspects of this report. You had secret meetings in secret elevators. You had false visa applications that were submitted by the bank. You had one Bank Statement that was handed over hidden inside a Sports Illustrated magazine. The basic question that brady doug
Increases. That is 36 quarters with sales increases. Shares have slumped 15 year to date. Everyones lips in the united kingdom. How will sainsbury ride this out . People just want better value. Jon, you are watching the Copper Mining company. Yes, earnings down on last year. Downtodate, copper is 11 . The estimates. Happens Going Forward . The copper prices falling. Right, jonathan. We are watching antofagasta. We will watch the fed tomorrow and the u. K. Budget. We are watching carmakers. Car sales rose some 7. 6 in february. This is largely helped by new models, but also some cash from incentives in europe. Nothing to write home about. We will take it. Jonathan, we have lots of components in todays trading session. What are you concentrating on . Expect them to vote against it. It is all about the details. Right now, they say it is time for the european market. Futures falling a little bit lower through the morning. It racing all the gains we have seen in the last few weeks. 5100. Da
Uptai uptake thanks to supply reductions before year end. And lets twist again. The fed set to announce a fresh around of bond purchases to match the outgoing twist program at the end of the year. The International Community blasts north korea after it successfully launches a longrange rocket, prompting an emergency u. N. Security council meeting. All right. A very good morning to you. We are going to be on to opec later. Weve got the latest i. A. Data out this morning. Theyre saying Global Oil Demand projected around 90. 5 Million Barrels a day. More than forecast. They say nonopec production bouncing back. An something bit. Theyre saying opec crude supply inched up in november led by higher output from saudi arabia. I think well have to call this today the case of the two oil reports. We have the opec report that they put out ahead of the meeting showing different figures from what the iea is saying. Theyre saying saudi arabia figures saying we produce less. Now the i. A. Saying they