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+++ prevails. and when push comes to shove people realize there would be an enormous damage, to both europe and great britain, should britain walk away. a warm welcome to countdown. i am an edward. just past 6:00 in london. manus will be joining us from dubai. let us talk about what is happening in oil and stocks, a chart next to me that really encapsulates the relationship between these two asset classes, if you go back to the middle of last year. they have moved very much in synchrony. and of the oil price tending to move in lockstep, or least in the same step. oil prices over $50 a barrel or the first time in six months. a one-weeks hitting high. but i should say that old has actually snapped its six-day losing streak. not all good in the overnight trading environment. let s talk about the risk radar. we have to feature the price of oil because we have gone on the brent price over $60, up high 7/10 of a percent. theda, venezuela, nigeria disruption playing in here, ....
boris johnson,, the honeymoon is over. he had to speak and act on turkey over the weekend. that is right. speaking about where the eu goes from here. is turkeyestion is, investable right now? that is the question people are asking in london. story. this is a moving with an update, here is taylor reeves. demanding they turnover inspiredr billy say the coup. they want the u.s. to extradite a man who lives in exile in pennsylvania. rouge, louisiana, authorities say the man who killed three police officers was a former u.s. marine angry with the weight that people are being traded. the shooting broke out after please got a call about an armed man. please shot and killed the armed gunmen. release shot and killed the armed gun man. talk, for paris acquaintances are detained of the man who ran down the people on the sidewalk. attack took place after basile dave. into a powerful player in repost brexit world. in the first appearance in parliament, maple argued about the nuc ....
i i m in edwards. manus: and i m manus cranny. anna: this looks to be a touch above estimates at the ebit level. the second quarter netted 312 million euros. this is a company we have to talk to about brexit. this is a business that operates in the u.k. what will they have to sell? they have said they will continue to invest in the u.k. in the immediate aftermath of the brexit vote. two of their competitors merged in the u.s. recently. we will be speaking with the asset manager at 7:15 u.k. time. manus: the swiss-based drugmaker netted $5 billion, just ahead of the estimate of $12.2 billion. sales will be broadly in line with the prior years. they are driving unchanged for the rest of the year. the core earnings came in at $23 billion. they have a huge amount of generic competition coming through. you can see second quarter sales beat on the headline earnings. the guidance is broadly in line with last year. they delivered a solid second quarter, despite the risk on as ....
goes. the european markets you ask, how did they fare? let s take a quick look here. they re all in the red, though. not too bad. as for the ten-year note yield and crude oil, the ten-year note inching up from yesterday and crude below 50 just hanging in there, wti down a little more than 1%. let s get to our road map this morning. the ecb leaving interest rates unchanged and we re live in vienna as opec leaders are set for a big meeting on production levels and tesla s musk saying we could see an apple car by the end of the decade. mario draghi holding a meeting now. he said he sees inflation likely to remain low or negative and sees the european economic recovery proceeding at a moderate but steady pace. nothing too surprising here, jim. some are awaiting details on their ability to buy corporate bonds kicks in. perhaps details will be shared there on what the plans are there, if any. oil prices having moved up, the euro having moved lower seen as a positive but they ....
there institutions that have had to pay big fines for circomventing the sanctions. the second thing i would say is that iran has expressed concerns about the fact that they are not getting the kind of engagement with the international business community that they would like to see. i think our response is simply that there is more than iran can do to encourage that investment because that is looking for a stable business climate in which we can do business. if you are routinely testing missiles, that is not going to inspire the confidence that this is a safe place to do business. that s not going to be persuasive to business leaders that iran is a good place to make an investment. there is more than iran can do. you provide letters assuring these firms that they won t be prosecuted if they go ahead and do business. that s the level of insurance they want. i guess i refer you to the state or pressury department or department of justice in terms of what assurances can ....