Again. Senate Majority Leader Mitch Mcconnell failing to concede the election to joe biden just yet. The fed put out a warning on asset prices. The rally to a two month high. Since the highest levels 2018. The index at a record high. So much to really chew over. Joe such a wild start to the week of course. Digesting the election, the light at the end of the tunnel. Here is a chart. It is a number. But here is a pair. This is one of the favorite pairs of neil over at renaissance macro. To bike atot need home. There you see the entire story of the day, those two numbers. Romaine someone else made this for us, about vacation time. A big part of enthusiasm today is that we will finally all get out of the house and go back out to restaurants and, more importantly, to travel. The Consumer Confidence index tracks intended vacation. You can see that basically dropped off a cliff. Still has a pretty long way to go. I thought this was interesting. Earlier on this up the other show that we host w
Very warm welcome to our flagship morning show in london. Manus a little bit of breaking news coming through on the corporate side. Third largest Mortgage Lender in sweden to deliver numbers. Nice, comfortable feet. The market had penciled in 4. 4, so things are getting better. This runs with the theme from seb, when it comes to you have to go nordic to get it. 24. 6 tier one, well in excess of the market expectation of 24. 3 . Strong capitalization performance. This is an environment you have negative rate but it looks as if the economy is sporting the banking industry. Anna thats get a little more breaking news on the earnings. Other news breaking this hour as well. Capital levels you described in the banking sector, lets talk about asml. Secondquarter numbers coming through. Whats interesting about this chip equipment manufacturer is the outlook for the third order that investors seem to focus on. Were hearing that recorder 2017 net sales are acted to come in at 2. 2 billion euros.
Welcome to the program, everybody. This is countdown, live from london. Just at 6 00 in the morning here in london. Let us get to breaking news this morning. We have a lot earnings coming through, starting with the business that is syngenta. In the process of becoming acquired by the stateowned at 43 billion. In the meantime, they have given us an update. Performance is resilient in a challenging marketplace. They are giving a sales number for the First Quarter, 3. 74 billion, just ahead that was estimated by the market. There has been a host of mergers and acquisitions, dow chemical trying to merge with the rival dupont as well. A lot of talk about on the m a, and whether the deal with china will go through. Trading through the offering price, we saw traders talking about only a 35 chance of this deal actually being done. Concerns ingulation the u. S. Particularly around this kind of industry, seem to be a concern for some watching the sector. Let us move on. We have a lot of news com
Levels expected to prevail in the longer run. Fed ex beats the street in the Second Quarter with profits rising 4 . Profits falling some 12 in the Second Quarter but its Cloud Business continues to show growth. Meantime russian president Vladimir Putin says a 50 oil price is too optimistic. But that is over for the countrys economy. So we had a 1 gain across the board yesterday. I guess after finally the first rate hike in close to 20 years. This is the day after Dow Jones Industrial up by higher than 2 points. The nasdaq gaining some 18. 5 points. We final have to lift off. The Federal Reserve raised rates. Unanimous decision. The quarter point marks. And the most accommodative policy. The fomc still sees four hikes next year. However the market is only predicting two or three for 2016. Were seeing the median forecast of 1. 375 . They have taken one hike off the table. Lets show you how a different Asset Classes have reacted. Were seeing a broad based rally and thats gaining more stre
Asking Global Leaders to push for a World Without Nuclear Weapons. Hopes of finding survivors from last saturdays earthquake in nepal have received a boost after two people were pulled from the rubble. But the news still remains grim. More than 6300 people have been confirmed killed. Thousands of others were injured. A massive effort is under way to get aid to the most seriously affected areas but many people are still living under difficult conditions. Heres more. Reporter rescue teams have been working frantically to reach survivors trapped under collapsed buildings. Crews from the u. S. And nepal pulled a teenage boy from underneath a destroyed sevenstory hotel on thursday. Translator when i went down the stairs, i became crushed under the rubble. I heard someone come to help me and felt the jolt. Reporter elsewhere, searches from norway rescued a 24yearold woman. U. N. Officials say more than two and a half Million People are living in make shift tents. The hardest hit area is the