Moment will come. And if that moment that comes we will assess at the time how you address it. The deal we did a couple years ago was gun. We are back to thes being where they are. Are. Have a solution for military. The administration is obviously less going to accept friendly cuts. And it limit crisis. Crisis. You guys both the economy again. Clicks give me a break. I dont mean you guys. Am talking about general disdain for congress. I am i am just sort of used to it. [laughter] clicks when i say you guys gen. Reference. Clicks when i say you say un the media, general reference. Clicks i i now we have a few things in front of us highways tax extenders that must be dealt with. So it is just way too early to speculate what the debt limit agreement looks like. I dont even want to go there. Im going to take a couple of 20 questions. One of them is what specific regulations would you modify your bias is showing again. I am. Specifically and channeling the financial reform. I would send the
Anna welcome to countdown. Ryan we will be talking to the ceo of this swiss drugmaker later in the day. Just missing sales the estimate on sales coming in at just over one billion swiss francs. The expectation from analysts was 1. 3 billion. Anna the swiss drugs giant considering reporting what they call a good Second Quarter. That number is for the Second Quarter and that is actually 12. 69 billion compared to 12. 7 2 billion that was the forecast. A touch shy or broadly in line with analyst estimates. A lot of focus on where this business is going and where theyre going to guide the market. Deutsche bank and ubs thought there could be room for an earnings upgrade. Core ets for the Second Quarter coming in at 1. 37. It this will we will have to wait and see whether we get anything of that ilk coming through. On that core operating income number 3. 5 9 billion in the Second Quarter, just a touch ahead of the estimate of 3. 58 billion. Ryan Deutsche Bank talking about that ahead of this
Anna welcome to countdown. Im anna edwards. Ryan im ryan chilcote. Anna at 6 00 lets have a look at the tech sector. Lets start with apple, because i have a chart here that shows the afterhours move we saw this was even after the Company Reported a record thirdquarter profit number. Revenues were disappointing. Ryan this threatens to remove again that apple saw that huge rally of almost 10 . It could be one of the biggest losses ever. Anna more generally, this was the biggest tech rally since october. Will that change in the session today . We have lots to talk about. Apple was just one of a few tech giants that reported in yesterdays session. That came afterhours. Lets get Caroline Hyde and paul sweeney. Great pleasure to have you. Lets continue the conversation with apple and what it is. Caroline its phenomenal when you put it in perspective we could see 66 billion dollars worth of its market cap erased. In perspective, that is more than bmws entire market cap. It is a record thirdqu
Welcome to countdown, i am anna edwards. It is 6 00 here in london this thursday morning. We have Many Companies reporting here in europe today. Lets get to the first of those major names, and that is the german industrial giant reporting numbers. Caroline has a breakdown for us. Caroline we are starting on a high note it would seem. The morning to you. It seems that the industrial profit is 1. 8 billion euros a month that is more than expected. They are reiterating the fouryear forecast to drive that profit up to 11 in terms of margin. They want to attain a target of 11 profit margin in the industrial business. They are seeing that being reiterated. Also confirming the forecast for at least 15 next earningspershare growth. They have a backlog of some 110 billion euros. When you look at overall sales they are coming in line. 18. 8 billion euros, that is in line for thirdQuarter Sales. An net income is a big beat. We are seeing profits being sales. They are grossing an overall industria
Laventhal, josh brown. Jamoof has views on a whole number of Popular Companies and ones you might not have heard of yet but soon will. Its good to have you here did this go as you expected . It went way better than i thought it could go, quite honestly our whole goal was to fix a liquidity problem we see in Silicon Valley, which is employees are churning out of companies at faster and faster rates because they dont see a path on being compensated on what they believe is a fair mechanism. Its a bunch of issues with the traditional ipo process creating this log jam when we see that, as entrepreneurs tend to do, they try to unpack and fix it being able to reverse merge a lot of these companies fixes a lot of whats wrong in the ipo process. So it was oversubscribed by a lot, right from what we were told from Credit Suisse, it was the most oversubscribed spac in history. And there have been 20 to go public this year and thats the highest number since 07 why are these back in vogue and so po