Im phil gal welcome to the Program Members of the European Parliament have chosen that new president for the next 2 and a half years they elected and italian social democrat david saucily whos been an m. E. P. For 10 years the motion strasberg it completes the lengthy process of filling the e. U. Stop jobs e. U. Leaders have nominated candidates for 4 other posts with German Defense minister on the line for Commission President the European Parliament must ratify that nomination before ms fonda line can be appointed and thats far from a done deal. Straight to the straight to strasburg that might be found d. W. B. Correspondent hoffman welcome where is the opposition to the line coming from. The opposition is coming from all sides for example from the social democrats who are disappointed that they couldnt have their lead candidate who campaigned for them funds in the lead for that position also from the greens but the doors opened at least with the greens who said it depends on what ki
Revenue still going. We will see how this develops. The Second Quarter sees europe shine with the sector moving 2 . Premiums will stay elevated to combat inflation. There is inflation pressure, but we have rate increases and those are we have the ben pefit from investmt income. And we await the latest inflation print with the Federal Reserve possibly looking to the end of the hiking cycle. And disney revealed a larger than expected subscriber loss. Bob iger pledging to sharpen focus. We are prioritizing our brands and franchises and rationalizing the volume of content we make and what we spend and what markets we invest in good morning. Welcome to street signs. Lets kick off with data from italy. These are the fresh numbers in july the final cpi for the month has come in down 1. 6 month on month against the preliminary estimate we have inflation up 6. 3 . That is a touch lighter than the 6. 4 forecast. In terms of the final july cpi index, that was flat month on month. Key inflation wa
Customers can switch and use multiple providers easily. To really challenge amazon in the marketplace. Alstom shares are off to the worse start. A clouded market environment. Well check in later this morning when we talk to ceo first on cnbc. And republican hopefuls jockey for position in the race to replace House Speaker mccarthy as the kay wros on capitol hill continues ahead of another looming government warm welcome to street signs. Our top story this morning, uk competition and market authorities has launched a probe into the countrys cloud industry after referral from the countrys communications regulator. Concerned about amazon and microsofts position in the cloud sector, saying that some practices are making it harder for customers to use or switch between multiple cloud providers. Microsoft has said it will engage constructively with the investigation. Offcom told cnbc that businesses are concerned of not being able to move between providers. Theyve reduced concept. Theyre con
Increase fourfold. This is going to take longer than we thought because of the interruptions in the Energy Security because of where the moneys going to go. And stay tuned as i speak to the ceos of bp and shell and other Energy Groups coming up on programming. Chinese factory expands for the first time in six months as the country eases into the golden week holiday. European index gains boosting hopes the fed could be done with hikes. Wall street highs a positive trading month. And kicking the can down the road. The u. S. Government narrowly avoids a shutdown. President biden points fingers at hardline republicans. My colleagues brought us to the brink of a Government Shutdown. Enough is enough is enough. This is not that complicated. The brinksmanship has to end. Warm welcome to street si signs. Quickly getting data in from the pmi. The eurozone september final pmi in at flash estimate. Eurozone activity is mired in a deep downturn according to the survey data. In terms of the detail,
Relationship right amid reports beijing tried to challenge the 2026 presidency of the g20. This trip is less than containing china. I dont want to contain china. I want to make sure we have a relationship with china. The g20 faces criticism for watering down the condemnation of russia while others strike an infrastructure deal in the push for influence over the growth south. This is a world where we learned from covid and the war that supply chains need to be reinforced and diversified and connectivity matters. And a. R. M. Considers raising the price range on the ipo amid reports the price change is over six times the price. The specific risk is all revenue comes from the jv in china. It has no control over the business in china which is a risk all its own. Good morning. Welcome to street signs. We have a packed show to get through today. We want to start off with markets. A lot of green on the heat map behind me. On friday, we did see wall street majors manage to get gains. We had th