Highs on the news with the money flowing to value and cyclicals. Havens are clawing back some ground today. Retaliation. The European Union will impose tariffs on 4 billion of u. S. Goods starting today. The eus trade achieve calls on both sides to drop countermeasures. A very good morning. If you think about it, we had that tantalizing, parabolic move, i would say, in this market yesterday evening. I was here late. Isar rationing around the markets i saw rationing around the markets. This morning, we face i suppose reality. Feels like a massive night out and this morning was a bit of the hangover reaction. Michael purves says it perfectly, talking about the vulnerabilities of the vaccine narrative. If the republicans gain control of the senate, this is very much so for them less onerous to want to do a fist lee onus less onus for them to want to do a big fiscal package. Lets take a look at what we did see yesterday, that euphoria manus is talking about. I want to show you the close ye
Cooler numbers marks the fed has reached the end of the hiking cycle. And siemens has a net quarter loss the ceo tells cnbc it will take years to work through the challenges keep in mind the charges are provisions for the future. We expect this over the next year to evolve and it will take us twotothree years to work through this of and berkshire jumps to 150 billion with Warren Buffett posting a 7 rise with chevron paying off for the oracle of omaha. Very warm welcome to street signs and special because it is the first time in over a month were back together. We calculated it. Five weeks we havent done the show together. I missed you. I missed the show. It feels good with that, i guess we should talk about aramco. A hard pivot. Lets get to it. The earnings do continue to roll in this time from aramco with 40 plunge in Second Quarter net profits with low oil prices with refining and chemical margins. Dan has been pouring through the numbers. Dan joins us now dan, it looks as aramco wea
Siemens Energy's wind turbine division Siemens Gamesa is planning to cut 4,100 jobs, or around 15% of its workforce, the unit's Chief Executive Jochen Eickholt said in an internal letter to staff seen by Reuters on Tuesday. "Our current situation demands adjustments that go beyond organizational changes. We have to adapt to lower business volumes, reduced activity in non-core markets, and a streamlined portfolio," Eickholt said in the letter.
Siemens Gamesa plans to cut about 4,100 jobs from its wind turbine division as the company continues to restructure its business. The downsizing, reported