Its cut guidance for the rest of the year. German auto makers lift car sales in europe but the impact of volkswagens emission scandal has yet to bleed through. Martin schultz telling cnbc why its the right thing to provide aid. I think we should help them with money. So its the china factor today taking its toll on earnings really across industries. From consumption, luxury, you name it. Absolutely right. Lets dive into some of the numbers affected. Hugo boss cut sales and profit targets on weakness in china. Business momentum in asia has deteriorated considerably in the Third Quarter. So stock off 9 on the news. Now china also posed the challenge for frances carrefour. It helped off said weakness in Mainland China where sales fell 11 on the quarter. But the offset is what were looking at. Now rio tinto is just above flat. Although it also has managed to shrug off fears of a broader slow down it said its on track to meet full year targets. Nestle is off 2 from sales in china lagged for
In europe but the impact of vws emissions scandal has yet to read through. Could the dream house be haunted . Weak sales of barbie dolls weigh on mattels earnings missing forecasts in the Third Quarter. Okay. Lets check in on u. S. Futures since were coming off a pretty strong rally yesterday. The s p at its highest now in two months so the implied open is telling us that were above fair value. Were up some four points when markets kick off. The Dow Jones Industrials looking at gains of 26 points or so. The nasdaq pricing in advance of 13 points. Lets bring it back to the markets and we have a bit of a theme going on. We do, indeed. The theme is a negative one coming from china which is taking its toll on earnings for various companies this quarter. Lets kick off with nestle which cut its full year outlook in part because of weakness in china which the ceo describes as a mixed bag. Nestle shares are off 2 . Hugo boss is off 10 . It stunned investors by cutting sales and profit targets
And workers plead for help on their cell phones as rescue teams in lahore scramble to find survivors in the rubble in a pakistan factory collapse. Stephen carroll is live from the dublin web summit. Stephen music, satire, and social media, and High Technology brings them altogether. Up for discussion on the last day of the web summit. I will be live from dublin with the latest in 15 minutes. First, the crash of the russian plane in egypt was likely caused by a bomb, according to british and American Security sources. They say evidence now suggests that an explosive planted on the an explosive was planted on the aircraft. Britain and ireland have suspended flights to and from Sharm El Sheikh in egypt. Billiton reports. Russian and egyptian investigators continue sifting the evidence. A passenger of plane that broke apart in the air. They have extracted some information from the flight data recorder, but they are still working on critical voice recorder information, which was damaged whe
To the court and allowing the subscriber to raise whatever objections they have before the court. Like i said, its interesting that some of the testimony thats been giving here, i think its very concerning from some issues of anecdotal evidence and real evidence and discussions, especially on the sec side, when youre giving, you know, your own report saying youre doing more than youve ever done this, yet without this, by choice or decision, however you want to do it. Mr. Calabrese, one last question for you, because my time is now over. But in dissent from the sec request, the commissioner wrote, i am not convinced this is necessary to maintain the efficiency of law enforcement. On the other hand, i am concerned that the judicial mechanism could entrench authority that have potential to lead invasions of privacy and in some circumstances may be unconstitutional in practice. Do you agree or disagree with his concern . I do worry that we will create an unconstitutional or incredibly reck
Of topics, obviously the terror attack in paris. Among other things, he talked about sharing intelligence to prevent further terror attacks, he also said isis will have no safe haven anywhere. And he talked about a variety of things in the world stage, but again this is live from turkey, president obama at the italian summit. Well have much more about what he said, but thats the major focus. What happened in paris saying that basis will have no safe haven anywhere and that intelligence to prevent any further attacks will be shared among the countries involved with the g20 summit. The rest 40s. Upper 30s are in here. One observation 33. 46, 47, brentwood, theres enough of a breeze that the temperatures would be cooler. Accept for a few high clouds from the north, there is a northerly breeze, it will be a blustery day, when the wind tails off, the temperatures drop off of the table it will be cold tomorrow morning. Its cold enough. The breeze is helding temperatures up. Theres a windchil