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We are in london. I am guy johnson. And i am olivia sterns. Also coming up, a bloomberg exclusive. For the first time in three unveilingoschino is its collection in london and not milan. We are finding out why. Brandsporsche is making making moves to preserve its racecar past. We will speak to its ceo as well. First, lets return to our top story. Seven weeks after General Electric made a bid for alstoms energy assets, a story that bloomberg broke, siemens has made a counteroffer. We have the details of the siemens did. Bid. It is a little confusing. Good morning. You are right. This idea that we had initially giants,ing two european one in the rail sector and one in the energy sector, is not exactly what is on the tape on the table for siemens at the moment. What siemens is really interested in is alstoms gas turbines. They are offering three point 9 billion euros for these gas turbines. In order to make the bid more attractive, ....
Asian stocks followed through on one of the biggest rallies of the year in the u. S. Stock market. Ofis a compilation speculation by the ecb and bonds and results are beating estimates. The cash markets moved briskly yesterday. S p up 1. 2 , the biggest rally since 2013. It is around the flea money concept. The little bit of paring back for u. S. Equity futures. I love the u. S. Title about volatility. Panic departs from u. S. Equity market. Sharpest drop in volatility since 2009. The past three weeks have been for not. Bank of america speculating that equity stock by another 10 . It mimics what happened with 11 fed when we had an decline in 2010 and 60 in 2011. Bestperforming markets in the year, hong kong. It is somebodys bar chart today. There you go. Transport is driving this market. It is up by 11 and it has rebounded with a heck of a pace in the past six days. 30 airline stocks. Estimates at 13 , beating them. Volatility is down and oil. Investors are buying oil. Stocks are risin ....
Inshestors shrugging off a drop in First Quarter sales. They were hit by adverse currency effects. And the italian Prime Minister shakes up the corporate sector proposing ucos and investors take a dim view. Shares trading lower. Welcome to todays program. Well take a look at where we stand with equities. Just over an hour into trading. Pretty even stephen advancers versus decliners. Of course, yesterday it was up 22 points. Very strong retail sales out of the u. S. That pumped the u. S. Markets up. The s p was up eight. Played a little into todays session. Right now the ftse is down some seven points. Ukraine, just weighing a little bit here. Dax is off a third. Number of individual stocks that were looking at this morning, well kick off with those. There is a lot going on with this particular stock and shares suspended. They were down 10 at one point. Reports that the tuscan ....
Its because they are so darned righteous. And one thing i have learned in 35 years investing is that you cant afford to be righteous or dogmatic. You cant afford to be doctrinaire, or ideological. It will cost you money. You definitely cant be oblivious unless youre already so darned rich it doesnt matter how much money you lose. Yet, i see exactly the sort of righteousness displayed daily. I see the righteousness and i see the fellow traveler intolerance. Every single day in the stock battlefield. And i think its contributing to the fog of war thats causing people to accuse this bull market of bogus bona fides. On an almost daily basis. So in the interq u of opening peoples minds and showing you the biaser that masked by the righteous indig nation, let me show you why no one is champi championing the market. And why the moves can continue despite the haters. First you have to accept a notion thats more than one way for a stock to go to 1 to 20 or 100 to 200. More than one way. There a ....
Big miss. Well speak to the cnbc. Ukraines government says it will act to eliminate militant groups in the east of the country in the coming days. Youre watching worldwide exchange, bringing you Business News from around the globe. Thanks for joining us today. Let me just dive in to some eurozone flash pmi numbers just crossing currently. The flash number is at 53. 3 in the month of april. This is slightly higher than forecast. The markets expectation about 53. 1. This is also slightly firmer than the march reading back at 53. We are seeing a slight improvement in the right direction. The instant reaction in euro dollar has been a dip and then positive again, up 0. 2 on session. 138. 29 the current level. Diving into the numbers on the services side, the flash number at 53. 1. This is better than forecast at 52. 5 was the level the market had expected. Also just on the manufacturing print, 53. 1 was forecast but that number coming ....