Only responsible course and accelerate our cooperations. A stark out look from Texas Instruments chips away the tech bill lowers profit for the year blaming the u. S. china trade war. Abb falls higher. The Swiss Industrial Group warns of deeper conditions in u. S. And china. A taste for heineken following a week performance in the americas good morning. Welcome to street signs. Getting an early check about one hour into the trading this morning. No doubt on back of the weakness we are seeing in sterling. A lot of Political Developments well get to not least how the eu will respond and what type of extension well be looking at. Thats squarely the focus in the uk you can imagine on the day when the pound is trading softer. Cac down and italian index down too. In europe, the discussion is not only about brexit but also about the italian budget proposal. Taking you to some individual stories too as we get to the heart of the earnings season starting with chip makers, they are all trading l
Surveillance. Goodning orbit more afternoon or good morning. We saw a bit of a lift in asian stocks. Now, the stocks europe 600 down. 27 . It always honest President Trump and xi jinping can find a solution. They will sit down and we will see if we have something at the g20. The u. S. 10 year yield, the story of the day, actually, the year. The nymex at 54. 12. We understand opec may have found a date with a could meet, the first of july. Coming up, we have an allstar guest lineup. At 930, we have an excuse of interview exclusive talking luxury and the chinese of watching. At 11 30, we are joined by blackstones chief executive Steve Schwarzman. And later on, we speak to the facebook coo sheryl sandberg. But first, lets get straight to bloomberg first word news. A bloomberg scoop. President donald trump asked white house lawyers to explore his options for removing Federal Reserve chairman Jerome Powell. Happened earlier in the year, less than two months after trump discussed firing him.
First annual home market revenue rise in anyone years. And headwinds for iberdrola. The stock sees red after fullyear earnings miss expectations failing to offset a proposed Dividend Increase i will speak with the chairman at 11 00 cet all right. It is pmi extravaganza this morning. We already had pmi numbers out of germany an france both were disappointing. Just getting in the flash composite pmi numbers. Lets look and see where those came in. The february composite flash pmi came in at 57. 5. The forecast was 58. 5. We have another miss here coming in its not that surprising after what we saw coming out of germany and france a bit earlier. So definitely the numbers have begun to drop a bit. Were seeing that in services and in manufacturing as well a little bit disappointing there. The euro has come off a bit on those news lets look at how european yields are doing the currency dropped a bit i would expect there to be movement in fixed income as well, particularly as the bund was trad
David in washington, today is the day for health care. When the house representatives are slated for a vote to repeal and replace obamacare. For all the details we go to Kevin Cirilli. Kevin, they are going to have a vote today. Do they have the votes . They think they do but who knows . Paul ryan has said he is not going to bring a vote unless he has the votes. Thatndications suggest after yesterdays introduction of an amendment by representative upton which would be in a billion dollar increase to preexisting condition clauses over a fiveyear period , that will be enough to win over moderates. Concerns show that whatever bill they get, it hasnt been scored and it could radically change once it gets to the senate. David last time we played through this, we had a lot of problems politically because as many as 24 million americans would lose their Health Care Coverage. How many will this time . There is no way to know entirely just how much but the concerns amongst the people im talking
Flat. The ftse is down by 0. 1 in italy. Crude was the big story yesterday. Wpi this morning is up once again by 1. 6 . Gain of 77 cents to 48. 10. This comes after it looks like additional countries from opec are standing with saudi arabia saying those production cuts need to be expanded and also we saw a surprise decline in the supplies here in the United States. Now lets talk about todays corporate story. Shares of snap plunging after the Company Released its first report since going public. Snap missed on the top and bottom lines. The company struggled to keep up with user growth validating a lot of concerns about its ability to take on facebooks insta fwram and tgram and the s feature. Heres what evan spiegel had to say about competition on that call. People will copy your product if you make great stuff. When google came along, everybody felt they need a search strategy. When facebook came along, everybody felt they needed a social strategy. With snap, we believe everybody will d