On englands toughest lockdown level. Stocks higher on signs of a stimulus bill before the u. S. Possible. S still nancy pelosi tells bloomberg an agreement is urgently needed, by the white house warns there is still a ways to go. Shill. Etflix shares they miss estimates for subscribers. The forecast suggests the pandemic boom is starting to fade. You can see how the shares have fallen 6 . We are under one hour away from the start of cash trading in europe. Lets take a look at what futures are indicating this morning. Kind of a mixed picture and not a lot of size, no direction or size. Ftse futures are down 0. 10 . 0. 10 . Ures are up take a look at what u. S. Futures this morning after the netflix , ahead of thee tesla results, you can see gains here. 0. 5 . Tures of about nasdaq futures gaining 0. 3 . Anna lets get to the breaking news. We have data coming from the u. K. Inflation numbers first. The cpi number, month on month is a 0. 4 . Survey. St under the that seems to be the theme
Worsening Downside Risk. Raphael bostic knows joblessness seems to be flattening plateauing at a high level. Netflix plunges on disappointing subscriber forecasts. The Group Announces its chief content officer will join Reed Hastings as joint ceo. Just under an hour ago to the start of cash equities trading. With have a look at what is going on on futures market, a little bit of upside for European Equity markets and u. S. Markets for when we get to the u. S. Trading day. ,eep an eye on nasdaq features quite robust, up around 7 10 of 1 despite afterhours negativity around netflix, contained to just a netflix story, not anything broader about the tech sector. Weve had pleasing reports but they havent always been accompanied. Rising share prices is an interesting dynamic to discuss. Getting some numbers from electrolux, recovering faster than predicted. The numbers look to be broadly in line with estimates. Coming up, speaking to the ceo. The ceo will be joining us later on, jonas samuel
Time to for global exchange. We are going to bring you todays market we would news from all around the world. Our bloomberg voices are on the ground with this mornings top stories. Want to start in japan. Prime ministers shinzo abe and im sick stimulus measures to keep recession at bay. That Package Amount to around 239 billion. Going to me on the phone from hong kong is enda curran. Does this match expectations . What is the read in terms of growth . Enda slightly bigger than expectations, but nonetheless it is an important shift. There has been criticism for some time that the boj has put much run the course in terms of what it can do for japans economy, so economists had been saying more had to be done on the fiscal side. This could help offset a recession. The economy has been hit by natural disasters, by weak exports, and theres a feeling that this money may endure beyond the 202011 picks in japan olympics the 2020 in japan next year. And fresh spending that is leaving markets and
These are your markets. There seems to have been the u. S. Saying they will remove the threat in china, which is why we have seen a little bit of moves. Awaye exactly seven days from that election. Opec meets in vienna, brent crude at 62. 91. Moncler, really the stock of the day after that report that kering, the owner of gucci, was interested in buying moncler. They do jackets for the winter, skiing jackets now turned into fashion. That stock price has gained 9. 2 . Moncler at 42. 40 two. Coming up, we talk all things fx. It thing or two to say about the pound. We will also talk about emerging markets. Lets get straight to the bloomberg first word news in new york city. We begin with fiscal stimulus. Japans government pulling out all the stops. Tokyo announcing measures to support growth as the economy contends with an export slump and the fallout from the sales hike. We have learned the total package amounts and is expected to boost growth by 1. 4 . An unexpected hold in india. R. B.
And the europeans need to take necessary actions. The United States has basically in my view for a shot itself in the foot by withdrawing from this agreement. Nejra netflix slumps. A drop in u. S. Customers and slowing growth overseas. Shares plummet in extended trade. In europe, watching for results from s. A. P. Welcome to daybreak europe, just on 6 00 a. M. In london. Numbers from novartis are coming through. Second quarter core operating profit, at 3. 65 billion. The Second Quarter core eps, 1. 34. Second quarter net sales, 11. 76 billion. 2019 guidance has been raised for the new focused medicines, and they named a president of pharmaceuticals. They see d sales up mid to high sigel digits. To give you more detail, the Second Quarter sales, 858 million, the estimate of 868 million. A little miss on Second Quarter sales. Were waiting for a few more numbers to come through. 2019 sales guides race for both for both raised units for novartis. Manus, what do we see in the broader market