A surprise announcement as they unveiled a 3 billiondollar buyback. Japanese stocks rally, a wild 24 hours for the yen. Chinese stocks edge lower. Inflation numbers including ecb rate cuts. Top corporates report. We focus on autos and airlines. The numbers crossing when it comes to mercedes, scrutinizing the margin. First quarter adjusted earnings before interest and tax below estimates. Its famous. We knew it would be challenging. Estimates had been for 3. 7 one billion. They see fullyear cars adjusted 10 to 12 so they maintain guidance in terms of the margin. Estimates had been for 11. 1 so they range between 10 and 12 , they struggled. Were going to try to get more details. Cost inflation has been a challenge that hit volumes. Looking for supply constraints, they are again coming through. Adjusted earnings below estimates. Estimates are for 3. 71, so lets switch focus to the airlines. German airlines struggled with industrial action. Profit has been hit by strikes and First Quarter
Interplanetary travel. Hello from sydney where it is passed 9 00 a. M. I am paul allen. This is daybreak australia. We are at our away from the open of the first major market. Betty it is after 6 00 p. M. Sunday evening in new york. We are looking at how all of the action on wall street will play into the asiapacific trading day. We have got a lot of news to digest, everything from what happened in spain, the rioting there with the police to the tankan survery in japan, as well as this revelation we had that there are direct negotiations between the u. S. And north korea only to discover it seems by the tweets from President Trump. Lets give a quick reminder to our viewers on what happened in the u. S. Markets, it seems years ago now, but on friday. Lets pull up the board. The s p continued to rise. The dow also up 24 points, the nasdaq higher 0. 6 . Investors continuing to digest tax reformof the package. We are expecting in a few weeks to hear from President Trump about a new fed cha
Highs on the s p 500. We do not want to count that out just yet. Made one 2575 level we friday. The nasdaq up more than 2 , the nasdaq 100 up almost 3 . Amazon, microsoft, facebook, google, apple all the names we know that are driving it higher. Lets dig into a few of these. I want to focus on microsoft and amazon. Microsoft serving to a record after a quarter beat on revenue. Dumping jumping by doubledigit. About the pivot to Cloud Computing and ai. Similar with amazon. Doubledigit revenue, 34 in this quarter. A smooth transition with that whole foods business. Like scarlet said, going into some of the pharmaceuticals, getting a license there in 12 states. We are watching that. Lets put this into perspective here. We have been talking a lot about techech sectors sectors outperformance. It is outperforming by about 15 here next to the number two, the health care index. Spreads there are certainly widening today as the Health Care Sector is down again, and the tech sector higher and hig
Schuster of pennsylvania. Bill shuster of pennsylvania. Monitoring breaking news out of paris, Paris Police Say it is running an operation in front of the Notre Dame Chris cathedral, calling a visibles visitors to ignore the area, a policeman fire a shot at a man who tried to assault him and we will bring you developments. Into the trading day in the u. S. , what is it looking like . In themuch change overall market but a downward by as the nasdaq is unchanged, slightly positive. A tight trading rate. The push of full affecting the session, on the plus side, tech names doing pretty well, Advanced Micro Devices spiking by 6 and apple saying that its imac pro will use a processor that company is benefiting and Analog Devices according to Morgan Stanley should get stability, especially in sentiment after its june 20 analysts day, the most debated stock under its coverage. On the flipside, weakness in retail, macys holding an investor meeting and its cfo says Gross Margins could be below i
Dollar infrastructure plan today, boosting spending in rural areas. Manus welcome to bloomberg daybreak europe. Right here in the city of london. I manus cranny area anna and im and edwards. Out at westminster, the polls keep coming in. More polling data this morning. We will talk about the strength ofthe strength or weakness the u. K. Economy as we head toward tomorrows general election. Security continues to be the dominant domestic theme, of course. We will get analysis from Neil Williams who is joining us. Lets check how the markets are doing over in asia. Manus we have a lovely chart in you, but anna is rooted westminster. Our election coverage goes through the day. Will catch up with the managing mori. Or at ipsos thats right here on daybreak. Its go to china, this moment of reprieve in the market. Well talk about that and the risk radar. China had cut their holdings of bonds by the most since the year 2000. This was a drop in their terms of holdings of bonds at the big boys are