The eus Top Court Rules that uber is a transportation service, not just a digital provider the company says it wont change how it operates in most countries. Enerthe innogy ceo resigns a profit warning and more pain for steinhoff, shares plunge again as the retailer faces a credit squeeze after accounting troubles. Uber is a taxi company, so says the europeanjustice after a landmark ruling. The definition of uber as a Transportation Firm rather than a tech Company Means it will have to comply with european transport law and regulations in eu Member States the app has responded by saying it does not believe the ruling will change how it operates on most of the continent and says it agrees to regulate services such as uber we are joined by peter woodhouse. Does this indicate uber has to be taken off the road as you have indicated in the past i dont think it needs to be take be off the road it has to focus on regulatory requirements there are further wrangles dealing with employment field
Global bonds fall as yields hit a monthly high positive for the First Time Since 2015. And release from a gilded case saudi investor, alwaleed is freed after reaching a settlement with kingdom officials. Its been a flat start to this mornings trade the stoxx 600 down there very lightly. Less than 0. 1 of 1 . As we take a look at specific markets across the continent, you can see whats driving that very small downward pressure ftse off 0. 1 and the cac will slightly down lets take a look at the sectors and see the action there basic receptors, up 1 auto down 0. 5 lets take a look at specific stocks now ams has nearly doubled its revenue. Posting over 1 billion euros for 2015 and raised its outlook thats boosted from customers like apple ams expects Revenue Growth flew 2019 you can see other action, micro ceus in austria up, stmicro and the same for dialup up 5 this morning. Lets talk about President Trump. Hes indicated hes considering taking action against the European Union against it
Worldwide exchange. Im sara ieisen. Im wilfred frost. Good morning from me as well. Looks week were building gains globally. Dow futures up a nice 83 points in hour. Nasdaq futures up 26. The buying continues despite the wall of worry. First the chinese currency, then plunging oil prices, then the brexit, and yet stocks making new highs. As for the 10year treasury note yield has been the trade for the last few sessions. That continues and pushing up the 10year treasury note yield into the 140s. Where were was last week, 132 a record low. So youre seeing that reverse just a bit. Still historically low yield. Overall, weve seen buy pg of both assets. That does suggest although weve hit record highs on the s p 500 its not out of conviction and confidence moving forward because were seeing buying of bonds as well. Or it could be that yields have gotten so low in the u. S. And around the world that theres nowhere else to go. You have to go to the s p 500 which many stocks are still yielding