Or rather, which is worse than expected. We had expectations of 0. 1 . Rishaad exactly and thats currently where we have industrial production. Coming inese are pretty much bang in line with what we were expecting. The retail sales and only showing this contraction for july. Lets get over to bank of chief chinarities economist. Headlines pretty much what we were expecting, but tell me, what sort of picture is it painting for you . That atlly, i would say first glance, this set of numbers does not look extremely encouraging. For several, industrial output ip we would have thought it would be somewhere around this in belowt still coming 5 implies that the momentum of continued industrial recovery seems to be moderating. I think that is number one that i got out of the data. Number two, if you think at investment, thats roughly in line, but we need to look at the breakdown for example properties versus infrastructure to know what is going on. More importantly, retail sales i think to a la
Have data points pointing at clients and investors being more optimists and ready to be constructive about the situation. They are really looking for concrete actions by the new administration in the u. S. Bts head of Continental Europe steps down amid via italian accounting scandal but the companys ceo says the situation is under control. Time to raise a glass as lvmh posts record fullyear profit and sales lifting the stock towards alltime highs spurring gains throughout the sector. Good morning. Welcome to street signs on the last trading day of the week. Enough earnings optimism this morning but thats not enough to lift the overall stoxx 600. We are looking at a bit of weakness across the overall heat map today. The broader index lower by 0. 3 . Yesterday the dow jones hit yet another record high stateside. The s p 500 and the nasdaq pairing off their own intraday record highs. In europe, investors are digesting a fresh round of earnings and m a activity. Lets see how that is carryi
Superhubs how the financial elite and their Networks Rule our world. I think many of the superhubs see whats wrong with the system but its also one of the key questions i ask in the book, is do they hold the system prisoner or are they prisoners of the system . Is it their fault or is it the systems fault . And i come to the conclusion its the interaction of both. Sunday night at 8 00 p. M. Eastern on cspans q a. Next a look at Wireless Technology and spectrum policy as representatives from the Communications Industry testify at the Senate Commerce subcommittee hearing. Its two hours. Good morning. On behalf of my friend senator shotts and i, im glad to convene the first hearing of subcommittee on communications technology, innovation and the internet, with the 115th congress. So welcome to you all. As we all know, in todays connected world, the demand for spectrum increases with every new technology. Spectrum is the life blood of this connectivity, improving lives of people around the
Superhubs how the financial elite and their Networks Rule our world. I think many of the superhubs see whats wrong with the system but its also one of the key questions i ask in the book, is do they hold the system prisoner or are they prisoners of the system . Is it their fault or is it the systems fault . And i come to the conclusion its the interaction of both. Sunday night at 8 00 p. M. Eastern on cspans q a. Next a look at Wireless Technology and spectrum policy as representatives from the Communications Industry testify at the Senate Commerce subcommittee hearing. Its two hours. Good morning. On behalf of my friend senator shotts and i, im glad to convene the first hearing of subcommittee on communications technology, innovation and the internet, with the 115th congress. So welcome to you all. As we all know, in todays connected world, the demand for spectrum increases with every new technology. Spectrum is the life blood of this connectivity, improving lives of people around the
Are among the Companies Reporting results before the opening bell today. After the close, well be hearing from ebay, facebook, and qualcomm. Take a look at the futures. After a strong day yesterday with the dow up 282 points, you can see theres some giveback today. Dow futures down by about 76 points. The nasdaq down by 35. Oil prices are coming under some pressure too. A lot of people are going to be paying attention to apple this morning. Earnings coming in at 3. 28 a share. That was 5 cents ahead of estimates. Thats sort of the good news. The bad news, revenue came in at 79. 9 billion. Apple sold 74. 8 million iphones, below estimates. Mac and ipad sales also weaker than expected. Apple sitting on a mountain of cash, 216 billion, up 21 from last year. Ceo tim cook spoke about all this on the Conference Call. Our financial position has never been stronger. We have the mother of all Balance Sheets with almost 216 in cash, which translates to nearly 39 per i did lutded share of apple s