A very warm welcome to bloomberg daybreak europe. Im anna edwards. Manus a little bit of breaking news coming across the bloomberg. For your revenues come in at. 7. 3 billion euros this is of course one of the leading Delivery Companies around the world. What they do in the world tells us how healthy the economy is. Terms ofpost rises in web shopping. Thats what is driving the numbers for the fourth order. Growth in ecommerce and a great christmas. Operating profit up 1. 4 billion euros up from year ago. It matched more or less with the market was looking for of 1. 1 billion euros. Thats what the market was looking for. We will have a conversation with the georgia post ceo in about 30 minutes with the Deutsche Post ceo in about 30 minutes. Lets talk about whats happening in the u. K. Today. The house of lords vote yesterday, we watched the article 50 process as it looms large. The chancellor will deliver his budget at 12 30. Is, do youquestion want to be long sterling going into the ch
President trump is talking drug prices with the Ranking Member of the Oversight Committee right now. Well bring you the latest out of that meeting coming up. See what they talked about. A billionaire Real Estate Developer who says he turned down President Trumps proposal to build a wall on the mexican border. He will join us to talk about his relationship with the commander in chief and whether mr. Trumps negotiating skills will come in handy as he tries to get tough bills passed in congress. First the ying to elon musks yang. J. B. Straubel on the companys energy push in hawaii. And diane greene, the cofounder of vm ware will join us and talk about how google is taking on amazon web services. Back on track. Starting with appaloosas david tepper. Making headlines after sharing his bullish market views on squawk box. Here is what he said. Were more long u. S. Stocks. The bigger bet is on listen, its all the same sort of bet. If were short u. S. Bonds, were betting on a stronger economy
He is an economist and also a senior fellow at the George Washington institute of public policy. Dr. Singer, in a recent paper that you coauthored, the curious absence of Economic Analysis at the federal communications position, an agency in search of a mission is the title, you write that the fcc is often an economicsfree zone. What do you mean by that . Guest what i mean theyre not taking economics into consideration making policy decisions. Theyre instead relying on noneconomic evidence, the popular whims and fancies of the day, to reach decisions that have tremendous economic import. Cspan has it always been that way . Guest it hasnt always been that way. That is what the paper is about. We chart ebb and flow of economic influence offer time. Weve been in periods like this before. This is not the first time that economics has been really gated to something well below the 8th floor, but we havent seen something in recent history as weve seen under the wheeler fcc. Cspan you write of
This week on the communicators, a discussion of Economic Policy and federal communications commission. Our guest is halsinger, an economist and season fellow the George Washington University Institute of public policy. Dr. Singer in a recent paper you cao authored, the curious absence of Economic Analysis the federal communications commission, an agency in search of a mission is the title. You write that the fcc is often an economics free zone. What do you mean by that . Guest i mean that they are not taking economics into consideration when making policy decisions. They are instead relying on noneconomic evidence, the popular whims and fancies of the die reach decisions that have tremendous economic import. Host has it always been that way . Guest its not always been that we. We chart the ebb and flow of economic influence. This is not the first time that economics has been relegated to something well below the eighth floor. But we havent seen something in recent history quite like th
There. The cac in france down by close to 1 . In italy the ftse was down by 2. 19 . The dax is off by just ov over. 60 . Also, well check out crude oil prices today. Crude oil after a big rebound you can see is down by 1. 25 . Wti for july, that is a new contract, is now trading at 47. 81. Okay. We have a big top story to talk about this morning. A potential deal, jer m bayer o a deal valued at 62 billion to buy monsanto. Lets talk to bayers ceo about th this, werner baumann, your decision came about how . Monsanto received a private offer from us. It was out in the open and we want to explain to the public and to shareholders what the content of the offer is and why it is so attractive to shareholders. Should we be taking your public stance as one where there are private negotiations are taking place, or should we take you going public to educate the public on what is going on and to put pressure on monsanto . Well, we are early days at this point in time. And we have submitted our of