Shares of bilfinger in the red after delivering its fifth profit warning while tapping a new ceo. Facebook fails to find a friend and the stronger dollar as it posts the slowest Revenue Growth in two years and warns from a hit from the green back in the Second Quarter. Lets get to the pmi data for april right away. Came in at 53. 5 versus 54 the month of march and versus 54. 4 in the forecast so this is slightly below expectations and this follows the french and the german numbers which were also a little bit disappointing. Growth seems to be losing some steam in the euro zone. If we take a look at the manufacturing pmi for the month of april, the flash number 51. 9 versus 52. 2 in the month of march. Now that is also below forecast. Were looking for a print of 52. 6. Last but not least i do want to bring you the services pmi. The flash for the month of april, 53. 7. Once again, that is below forecast. Lets get some instant reaction to these numbers with the chief european economist. A
Really make it happen. But quarter after quarter the company has been able to deliver with a surprise when it came to sales for pcs which we know are in decline but perhaps not quite as much decline as wed anticipated particularly on the commercial side on notebooks where they choed real strength. That did help the quarter and on the revenue side, printing went fairly well. They did come ahead on revenues and on profit. One of my favorite notes Morgan Stanley saying they are achieving the impossible keeping expectations low while increasing revenue and cutting costs and investing and so forth and cash as well. Well talk a lot about that with meg in a minute. The futures are up a touch which means the s p could post its first threeweek win streak in three months. Meantime, were keeping our eye on the tenyear yield and overnight in asia the nikkei was almost up 3 as the markets liked the manufacturing data out of the u. S. Yesterday. First up, though, ukraines government said a tentative
As well as your backyard. It is monday, so they will try to stump me with my mystery guest. We will see if they can do so. But first, headlines from carol massar. The big headline today was the continued drop in u. S. Stocks. The s p 500 losing more than one percent. The index now at a three week low that has erased the benchmark game for the entire year. Coke Industries Run by the Koch Brothers and Goldman Sachs are near buying flickr group for cvc from cvc capital partners. Deal may be announced as early as this week. And consumer borrowing in the United States rising more than forecast in the month of february. The 16. 5 billion dollar credit exceeded all estimates in a Bloomberg Survey of economists. Back over to you. Mergers and acquisitions. Over 400 billion so far this year in the United States. Today, five deals each worth more than 1 billion an ounce today. One of them involves a group that agreed to acquire alabama gas from energen. About 1. 3 billion in cash. Joining me now
The public off the beach. His bizarre testimony. Carl include a including carl levin and john mccain pushing for online user data. A Senate Committee will hold a meeting tomorrow over concerns that companies are collecting data about people unknowingly and using it for advertising purpose. The iphone market share in japan soared in the year ending this march, up there to 6. 6 from the year2er 25 before. Japans largest wireless carrier began carrying the iphone last fall. Samsung has issued a rare public apology, saying it will compensate workers who got cancer after working in the Semi Conductor plant. Dozens of former workers say they have contacted contracted leukemia and other blood related cancers after being exposed to chemicals. Samsung fell short of the connection between cancers and chemicals used at its plant. Google opening its glass doors after opening of sales of google glass to the public for one day last month. The company now letting anyone by google glass as well long a
Stump me with my mystery guest. My producers. We will see if they can do so. But first, headlines from carol massar. Pimm, thank you so much. The big headline today was the continued drop in u. S. Stocks. The s p 500 losing more than one percent. The index now at a three week low that has erased the benchmark game for the entire year. Coke Industries Run by the Koch Brothers and Goldman Sachs are group deal with flint from cvc capital partners. The deal may be announced as early as this week. And consumer borrowing in the United States rising more than forecast in the month of february. The 16. 5 billion dollar credit exceeded all estimates in a Bloomberg Survey of economists. Pimm, those are some of the top hedlines at this hour. Back over to you. Mergers and acquisitions. Over 400 billion so far this year in the United States. Today, five deals each worth more than 1 billion an ounce today. One of them involves a group that agreed to acquire alabama gas from energen. About 1. 3 billi