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Transcripts For CNBC Street Signs 20240715

Contraction in pmi in 19 months. And in italy, banca cariges ceo and chairman resign as the ecb appoints temporary administrators for the troubled lender eurozone pmi numbers for december, it looks like the final manufacturing pmi came in at 51. 4 for december that is against expectations of 51. 4 matching it and slightly lower than the november number of 51. 8 the output for manufacturing was at 51. That again matched expectations and was slightly higher than the november number at 50. 7. The future output pmi came in at 56, against expectation of 56, lower than the november number of 56. 3. And european markets have now been open for just over an hour it has proved to be a negative start to 2019. This after the tumultuous finish to 2018. We can put these numbers into context shortly. I want to look at early trade. We are seeing steep losses across the regions every in italy, the ftse mib is down 1. 8 in early trade the worst performer of the bunch. The cac down 2. 3 . Steep losses ac

Transcripts For CNBC Street Signs 20240715

Sixyear low after cutting their Profit Guidance for the second time in as many months and halts dividends. And winter is coming for bitcoin. The price continues to plunge as the collapse in cryptocurrencies gathers pace losing 75 of its value so far this year well, as you heard our big story today is that of the moves in thomas cook they announced they have cut their underlying operating profit outlook and suspended their dividend as a weak home market danled edamaged by the h Home Performance is being cited. The firm expects underlying profit to come in at 250 Million Pounds, down from a previous 280 Million Pounds thomas cook also called 20198 a dpi disappointing year the stock down 30 at one point. To put this in context, the last six months or so the stock dropped more than 60 . This is the third profit warning theyve given this year. The third time they adjust their target for 2018. The number announced today was 250 million. Back in july the number was closer to 320 million. So t

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