No confidence blow delaying the blow for early elections and a calmer day in hong kong the airport reopens after Police Clashed with riot protests late in the night good morning. One of the big stories this morning, the Trump Administration overnight has announced a surprise delay to the implementation of new tariffs on chinese impoexports i december 16th. But tariffs on meat, watches, flat screen tvs will go ahead on the 1st of September Robert lighthizer says his office will exempt other unspecified products that relate to health, safety and National Security concerns. On the back of that, we saw a big bounce in wall street. That continued into the asian session. The mood in europe is not so pretty with most majors trading in negative territory. Overnight, in addition to the news about the tariffs being postponed until december, we had weak data coming out of china. That is affecting some sentiment in europe, even before we got that Second Quarter gdp printout of germany all eyes on
Many have the potential to be 5 the b billion drugs. The nasdaq closes at an alltime high as the fed is focused on the next move. And the eurozone pressures as german Producer Prices fall more than expected in the softer energy rates. Microsoft unveiling its latest lineup of a. I. Focused pcs as the race to get Artificial Intelligence tools into the hands of consumers and businesses heats up. Good morning. Welcome to street signs. Great to have you with us this morning. Lets get back to the top story. Astrazeneca aims to reach 80 billion of revenue by 2030 amid Significant Growth with the oncology and rare disease portfolios. The pharma giant will expand the drug pipeline with 20 new medicines. Arabile is joining us from cambridge. You have been talking to the cfo. Reporter i have carolin. It is one thing to have an ambitious plan, but another to get the growth from. You are nearly doubling the revenue from 45. 8 billion the to 80 billion by the end of the 2030 timeline saying they pla
The expenses are by 18 in the quarter. We are very much investing in r rand d. Nestle posts a sales miss in the First Quarter with prices weighing on the consumer. And meta shares sink in the trade despite the beat on earnings as Mark Zuckerberg rekindles fears of a. I. Spending. We have shown we can build leading models and be a leading a. I. Company in the world. Welcome to street signs. We start todays show with the acquisition news bhp confirmed it made an offer to buy london listed Anglo American with the Share Capital of 31 billion pounds Anglo America is looking to review the offer a significant potential deal here we have karen tso joining us karen, outline the potential deal we had this discussion a few years ago. We were all puzzled. We were staring out into the abyss looking for the acquisition. Something changed last year. The san pcompany is preparing fe future copper is no longer discussed as dr. Copper it is now dr. Green in the Energy Transition and future tre trends co
Of the revolutionary guard has declared the protests are now over. And famous film scores. We will take a look at and listen to a movie about movie music that is opening this week. Phil im phil gayle. Welcome to the program. U. S. President donald trump has launched a scathing attack on his former chief strategist steve bannon ahead of the rease of a n lessthanflattering book. In a statement, mr. Bannon said that mr. Trump said steve bannon had nothing to do with me or my presidency. When he was fired he not only lost his job, he lost his mind. Mr. Bannon is quoted in a forthcoming book as saying that donald trump, jr. s 2016 meeting with a group of russians was treasonous. The president s statement blames bannon for helping to write what he calls phony books. Lets get more on this from our washington correspondent carsten von nahmen. Welcome, carsten. Lets start off by looking at what mr. Trump is reacting to. Steve bannon is quoted in his forthcoming book talking about donald trump,
A varitek on a bid on bio technique and treatment. Ocado, oh canada. The retailer pushing it sending shares to the top of the european market. We talk to the ceo of Ocado Solutions in just a moment and no deal. The u. S. Senators remain shut. Its still not clear if theres enough support for it to pass. And our session across europe, we can now see a little bit more red on the board than green. Pretty flat open so far. The stoxx 600 flat right now as we look tesk at the effectsf driving that in the markets. Looks like energy stock is doing well, up over 0. Fi75 . Telecom looking tour pretty strong so far this morning with travel and ledger down 1 travel is not doing particularly well lets talk one big story ocado shares sending the market higher to develop its Online Grocery business the agreement with the second largest canada food retailer comes as there are opportunities in the north and American Market the ceo of ocado joining us in the study know lets talk about north america canad