Life well planned. The freeman foundation. By judy and Peter Blum Kovler foundation; pursuing solutions for americas neglected needs. And by contributions to this pbs station from viewers like you. Thank you. And this is bbc world news america. Europe has overtaken the United States in the number of new covid cases. The continent is heading helter skelter into a second wave of covid infections. Governmes respond with a stricter measure. There is a curfew in paris coming up. Restaurants are shut in barcelona and more mass mandates across the continent, but is it all too little too late . Few politicians have done well during covid, but new zealands Prime Minister has in hopes this weekends election will reward her with a second term in office. Ot police in thailand clashed with demonstrators protesting against the king and Prime Minister what has been said by this movement cannot be unsaid. They are out there in a surprising number and are saying they agree witthem. Katty welcome to wor
Pelosi shifting the deadline to tuesday. After gdp misses, Industrial Production and retail sales accelerate. And a pair of losses on a bloomberg exclusive as the u. K. Could rewrite its lawbreaking brexit bill, a move that would revive talks with the eu. It comes after a downgrade from moodys. Its a barnstorming beat for phillips. 6 00 a. M. In london, 7 00 a. M. In amsterdam. The adjusted ebitda is up. Free cash flow will be above 2 billion by 2025 is the guidance. Phillips targets accelerated growth and higher profitability. September where they cut their guidance because the u. S. Slashed the ventilator contract by 650 million. This is going to be something which bolsters it. They are targeting comparable sales growth of 5. 6 . We will put those questions to the ceo, who joins us in just under 28 minutes. Management. Et nnmarie the standout is the new money inflows. They say considerably they have risen in the Third Quarter. Under management are up 3 . We know the ceo has been tryi
Philips beats expectations in the Third Quarter, sending shares higher in early trade this as the dutch Health Tech Company also backs its outlook. The world needs more Productive Health technology, find new ways to connect patients to doctors, overcome the pandemic and philips is very well placed for the coming years to benefit from that. And chinas gdp rises 4. 9 in the Third Quarter as strong growth in retail sales and Industrial Production support the economys rebound. But the data slightly misses expectations so, there are three parts if i can put it more sub sectors and ideas, one, whats going on politically and economically and on a corporate front this week promises a lot of information on all of the above. Maybe not conclusive information. As the u. S. Elections. Such as brexit were getting to a very key crunch moment as well. Because lets face it, weve got around 15 days until americans have their vote, theyre already voting in droves by the way in the u. S. Election. Not muc
8 up. A bit of a conundrum, it weaker than anticipated growth number when weve got Industrial Production and retail sales beating what was going on. Graphically, there you go. Retail sales, 3. 3 to the upside and that is what has been going on in aggregate. A mixed bag, a miss on the headline gdp but certainly a beat for Industrial Production and retail sales. Yeah, the topline picture is that China Remains the only major economy that is recovering at a pace like this but nonetheless, yeartodate, growth around 0. 7 . Year, beginning of the officials had hoped to get around 6 growth for 2020. Nonetheless, the fact retail sales came in well above the estimates will for economists who say we should see a broader economic recovery in china fueled by infrastructure. Straight cap to the pandemic, there would be focus on whether or not the consumer would step up and the numbers suggest that is happening. Ubss headore from of asia economics and achieve china economist. Always great to get your
Thedual listing could be biggest share sale in history. Softbank makes headlines again. Amassedid to have 20 billion in a stock trading movement despite a skeptical response from shareholders. Lets take a look at how markets are trading at the moment. At this as we are just getting some line through when it comes to the reserve bank of australias assistant governor. They are giving a speech saying it is more complex to assess the policy stance than it has been in the past. Due to the economic and fiscal conditions at play. We will continue to monitor some of those comments and we are also looking ahead to the rba Meeting Minutes as well. We are seeing downside in the first couple of minutes or so, trading in sydney on 5. 1 and then new zealand, that market is back to modest gains as we continue to process the outcome of the victory we saw from the Prime Minister and her resounding reelection effort over the weekend. The nikkei 225 seeing upside when we get into the open of. 25 of where