The eus top negotiator says progress is slow on brexit talks. His british counterpart claims the uk is showing flexibility. Were live from brussels with the latest in tokyo, british Prime Minister theresa may secures a deal with japan for trade ties after brexit music to vivendis ears. Shares are on course for their best day in four months as impressive sales of smash hit despacito boosts revenues for subsidiary umg welcome to the show. Well kick off with some breaking news. We have the euro area august manufacturing pmi out. Its come in at 56. 6 having been forecast at 57. 4 so were looking at a slight miss there try to bring you more details on that but for now thats all were getting. Once again, that came in at 56. 6 after a forecast of 57. 4 lets look at how the stock markets have opened today. Were seeing more green than red on the board so, another positive day its not going to be enough to help the markets overall this week we saw they did indeed european stocks closed down for
Understanding why viewers want us to compare results to last year, not to analyst expectations. We have 70 above. What does that tell you other than the Company Effectively managed where analysts were. We have no idea is it above or below. Intel, a third of their profit dropped off. In both revenue, and earnings, wouldnt you like to know how it compares . What if everything is down from last year in both revenues and earnings . Was it rich who was saying what you should be looking at is the number of companies that have surprising that shock you by missing by so much. Those are the ones who you havent really seen just objectively, it is hard to do above or below last year, there is always items, they sell businesses, so, you know, things are discontinued and makes it hard. The stock trade is based on where the streets expectations are. If they knew it would be coming down steeply, but if you knew it was going to be coming down steeply, street knew it was coming. Youre late to the game
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