A european car colossus in the making. Frances Peugeot Citroen is poised to buy General Motors european business, including the opel and vauxhall brands. Chinas premier cuts the Economic Growth target for this year. We look at the risks to the worlds second largest economy. Welcome to World Business report, im sally bundock. Also in the programme Deutsche Bank plans to raise billions of euros in a share sale. Details in a moment. General motors is set to announce a deal to sell opel and vauxhall to psa group, the French Company that owns peugeot and citroen. Both companies are hosting a Press Conference in paris later this morning. Buying gms Loss Making European Operations will make psa the continents second biggest car maker, after volkswagen and ahead of french rival renault, and it will be a giant. Last year psa and gm europe sold a combined a5 million vehicles, and posted revenues of 71. 6 billion euro. But the deal has already raised fears in the uk the jobs of 4,500 workers at v
People like you, you, and you. What can you do if this years elections is making you sick . It has been a tough week for the camden raiders, first, their field was ripped up, then their concession stand was the scene after hate crime, their coach, and some of their players, join us liver on good day philadelphia, with how you can help them get back on track. And returning to the birds . What . Desean jackson was once a fan favorite for the eagles, now, hes a division rival. But could that soon change . What hes saying about his future once his contract expires. Good day philadelphia, it is one minute past 7 00. Somebody just asked me on twitter can you say happy birthday to owen gant . A child who watches the show. No. Cant do that. We dont do that. My hair is messed up. We do do weather. We do do. All right. We will grow up and show you no, we wont. Eight out of ten is your weather number today. For couple of evening, got fog out there this morning, you see it with bus stop buddy. Tem
Wednesday session. We are one hour is today. There is the stoxx 600 down by 1 3 of 1 . The third continuous decline. A while. Ain in the highest in 15 years. Loafers, handbags contribute into it. 2 . October, its up by as we approach the december fed meeting, many expecting, there. S 70 probability ofa a hike u. S. Crude stockpiles expanded it prefersays freezing output at current levels rather than cutting production. Lets get to my first wonderful chart of the day. Its all about volatility expectations. Uge. Ss asset gagu as you can see, it has fallen to the lowest level since 2014. Are investors getting too comfortable . Making some nervous threats from washington to beijing. The uncertainty about the u. S. President ial vote has diminished. Investors are coming to terms with the potential rate hike and december. Its possible investors are too nervous to make any big bets. What a wonderful chart. Lets get to bloomberg first word news. Thank you so much. In extended fell trading afte
Black america. When asked what black america was, he said, havent decided, but probably off the coast somewhere. [ laughter and applause ] [ audience ohs ] i said i havent decided. Why are you groaning . [ laughter ] yesterday was Hillary Clintons 69th birthday, which means she probably spent today going through her facebook wall to read all of the birthday messages from friends and family. Lets check it out. Okay, ben posth janet posted, you rock, hills. Lets see who else wished her a happy birthday. Lets see clinton aide huma abedin posted, happy bday. Dont tell my husband about this website. [ laughter ] president barack obama posted, party at my place, and dont try to move any of your stuff in this time. [ laughter and applause ] Vice President joe briden posted, somebodys got a birthday shoulder rub coming their way republican nominee donald trump posted, if its your birthday, the calendar is obviously rigged. [ laughter ] [ cheers and applause ] Trump Campaign manager, Kellyanne
Anna a very warm welcome to bloomberg daybreak. From here in the city of london, i am anna edwards. Manus i am manus cranny. Brace for volatility. The euro has [inaudible] against currencies. Iscks are up 2 but this volatility in the fx market and we are getting back to the levels we saw in brexit. Anna this is the volatility we saw spiking ahead of the ecb meeting. The expectation is there will be an extension to quantitative easing but by extending it, you invite the conversation about when it ends. Manus is it longer and thinner . Eurodollar according to ubs, they say the dollar rally is going to peter out next year. They want to be long the euro, they favor being overvalued the euro against the dollar. 112 in the next three months or you anna [inaudible] journalists are mentioning it. Will mario draghi use that word . Here is where we are. 1. 0772. They are likely done with rate cuts. Manus in the past month, a great number, go to your search for trump on your bloomberg and 2 trill