Make changes. Is a spin off one of the options you are considering . No. We are not considering that option. Operation shutdown. Protesters begin a blockade in bangkok. Major roads and disrupting traffic in an effort to oust their Prime Minister. Two of europes biggest numbers from metro. Competing for a bigger slice of the emerging market. The wealth snags the golden globe wolf snags the golden globe. We are live in los angeles. Good morning. Welcome to countdown. It is 7 00 here in london this monday morning. Bloomberg reporters are standing by across the world ready to deliver the stories that will drive your day. Ryan chilcote is focused on ubs. Comments from the ceo of the bank. Hans nichols is in berlin looking at metro and carrefoure. Where is best place to put your money this year . Manus cranny has exclusive sachs inom goldman london. Caroline hyde is watching the latest trends in mens fashion week moving from london to milan. A bloomberg exclusive. Sergio ermotti says ubs won
Could be delayed due to a critical issue. Technology problems they say. Connectivity problems. Today were expecting another wild one. Pretty flat. Lets check in on the british pound. That is trading high. 1. 68. 18. Why . Once again, were showing strength in the u. K. Economy. 6. 6 unemployment. The lowest in five years. Wage increases, though, that is few and far between. That is lower, of course slower than inflation. And grocery prices are going up. Nevertheless, this could push mash carney to have to act mark carney to have to act. There are concerns about the higher housing prices in the u. K. A look at a twoday basis just to see the rise that we had on the british pound. Current interest trading particularly higher. Lets have a look at european stocks. I want to see if we have indeed opened. There are concerns that we might be delayed. This appears to be yesterdays trading at the moment. Well have a look at particular stocks. We want to get to home retail. Up 1. 2 this morning. W
Issue basically in france right now, 11 unemployment. Japan suffers the first negative effect of the sales tax hike in april. Retail sales in the country fell at their fastest pace in three years. Youre watching worldwide exchange. Bringing you Business News from around the globe. A warm welcome again to todays edition of worldwide exchange. Lets get to one of our top stories straight away. Apple is buying beats electronics for 3 billion to boost its music business. Streaming services encroach on itunes. Apple doesnt only gets beats streaming service and its market leading highend head phones but high profile talent. Beats cofounder jimmy ivin and dr. Dre, too. Now, apple expects the deal to close in its fiscal Fourth Quarter. Tim cook tweeted this photo, saying, sharing a laugh with jimmy and dre. Interestingly for apple here, what do you think of it . I think its an interesting move. Because over the sort of past 20 years apple has been very much seen as a product innovator. And this
Billion outflows were posted for last month. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Hello and welcome to todays edition of Worldwide Exchange. Its hump day. Were going to be halfway through the trading week during the program. As for where we stand right now in europe, one hour into todays session, advancers just about outpacing decliners, the Dow Jones Stoxx 600 by 5 1 2 4. Some kind of ratio like that. The ftse 100 yesterday was up, what, 0. 8 . Were up at a threeweek high on the ftse. Today, about 0. 1 lower. The xetra dax is up 0. 2 . The cac 40 is flat as is the the ftse mib, as well. We take a look at bond yields. The 30year up the yield at 3. 62 . The tenyear, 2. 76 . Auto sales surging from march a year ago, the ism factory, just shy of what we were looking for. And well keep our eye on gilts, as well. The construction pmi is coming out around 28 minutes time. On the currency markets, the yen has been down to a oneweek low
You will, for the markets. Tenyear note yield, as we often do at this time, below 2. 6. I like to compare, france 1. 71. Italy 2. 749. Oil prices of course have become a key. Wti and brent, you can see it, down on wti. Brent is higher. By a nice 48 cents. Lets get to our road map this morning. Starts with m a. Shares of covidien up around 30 , irish drugmaker agreed to be acquired by what was or will no longer be u. S. Based medtronic. Price tag 43 billion. Markets under pressure and as you saw oil is remaining volatile as violence and tensions in iraq continue to escalate. Were going to go live on the ground and get the latest from the region. Target confirming it experienced problems with computerized checkout systems but breathe easy, the issues not security related. Lets start off with m a. Weve got plenty of. The biggest of the deals is involve two medical devicemakers, medtronic agreeing to acquire irelandbased covidien for 43 billion. Values covidien 93. 20 a share. There was no