Tells cnbc his government is opening an investigation into a report that there is a plan to devalue his countrys currency. Nobody will be happy about this but the good thing is they will not succeed. Qatar is an open economy benefits and rewards dont pay off for sodexo revenue and profits came in shy of expectations sending shares down in paris. Better news for bouygues shares hit highs not seen since 2008 as the Company Increases its gins were roughly an hour into the trading session in europe. Its ban deen a difficult coupl days in the u. S. The oil sector has been weighing in on stocks in europe, things are broadly shifting to the green. Theres a broad sweep towards the most positives for most stocks in the indices. That points to a stronger day for the Overall Index up 0. 4 . Now, just some of that has been led by the stabilization overnight that we saw in some of the asian indices. As you can see, the nikkei posted a strong overnight session, up 1. 5 shanghai a little bit weaker,
Making a difference. Rwe go up at the beginning theyre inking a deal with italys enel. Welcome to the show. It is a brandnew start to a trading week. A lot going on today. What a busy morning we have going on the euro has turned positive afterdipping to a twomonth lo versus the yen the ftp made a surprise move to pull out of the weeks long talks with chancellor Angela Merkels conservatives and the greens citing a lack of Common Ground merkel expressed her disappointment but vowed to keep disruption at a minimum for germans. This is part of the coalition when partners have to meet each other. You have to overcome long distances, therefore, i regret with all respect to the fte that we couldnt find a common solution. The ftp leader explained why his party left the bargaining table. We wont leave our voters in the lurch by going ahead with a form of politics about the heart of which we are not convinced. It is better not to govern than to govern wrongly. Lets get out to annette whos been c
Aerkst prompting the retailer to turn its focus online. Shakeup in the skies. The airbus ceo, tom enders, announces his exit with the coo stepping down as well from troubled planemaker. And President Trump says the disney fox deal will be a great thing for jobs as ceo bob iger tells cnbc its a consumerfriendly tieup. Theres risk associated, whether you look at the price or the regulatory side or whether you look at the complexity of integrating companies this size. That risk was well worth taking on good morning, everybody. It is friday tgif lets see how the picture is trading in europe this morning we had a bit of a weakness over in the u. S. Trading session overnight. Dow jones and s p both ended the day lower after hitting intraday highs. Still some concerns about the tax bill being passed in congress, but well talk a little bit more about that later. And nikkei also did struggle in the overnight session, down despite Strong Manufacturing data the picture in europe is grim, stoxx 60
Tax reform in particular im not so sure about that. A lot of the analysis being done by various independent institutes have found that the impact on u. S. Gdp growth next year will be fairly minimal. Talking about maybe 0. 2 , 0. 3 whether the reduction in the Corporate Tax rate increases, helps to increase investment is a moot point certainly Many American corporates are cash rich we know over the last couple of years theyve been using that cash to buy back their shares, which helped to elevate u. S. Equities its helpful make no bones about it but whether it can help sustain sort of growth rates that President Trump is looking for, 3 , 4 , its interesting to note the 3 actual outturns surprised many market economists whether that can sustain momentum going into 2018 is questionable you think optimism not so much political posturing definitely yes i think equity markets like any tax reduction. Theyll hope that any Corporate Tax rate cut finds its way into dividend increases but were en
To the forum at the New York Public Library for the first session in shades of red and blue, uniting a divided nation. My name is simon longstaff. Im the executive director of the ethics center. On behalf of our partners in presenting this session, i would on behalf ofme you the Carnegie Council for ethics and International Affairs, as well as the bard globalization and International Affairs program, and a network of other australians like myself from around the world. Think, thaticant, i we are meeting just after midday on the first of april. Some people saw the choice of this date, and i thought it was a delicious irony. In fact, is a somewhat deliberate irony because in most countries around the world, people are aware of the fact that today is april fools day. The significant of the fool is often underestimated in literature underestimated. In the future in literature, the role of the fool was to just truth to power, not to speak truth to the powerful, but to speak truth to power.