Appetite. Alix as you were pointing out, youre not going to see a lot of Movement Ahead of what is going to have any jackson hole. S p futures down by about two tents of 1 . You have utilities making a record high yesterday, so a little bit of risk on the side. You do have dollar u. N. An with its biggest drop yesterday. Time now for global exchange, where we bring you todays market moving news from around the world. Joining us from london is bloombergs emma chandra. From wyoming, Michael Mckee. From sao paulo, julia leite. First, i want to start in europe. Euro area pmis coming in slightly strongerthanexpected. Bloombergs,go to chandra bloombergs emma chandra. Emma we saw the pickup and composite pmi across the area. We also saw in france a return to growth for french menu factoring. The real headlines out of germany were in manufacturing remained in contraction mode is the engine of the european economy is not looking good, fueling those fears of a eightion, shrinking straight months
They proactively announce that theyre going to do so they definitely will its a question of how much and we know from the Bristol Myers celgene deal that they had to invest a monday Bristol Myers announced that theyre divesting want to sell jeans top products to avoid those antitrust issues and the government is taking a more conservative approach so its definitely going to be an issue and its more of the road that up because thats something that were going to look out for. And on this and position will return the company in the u. S. After heading completed its tax inversion deal to ireland in 2015 something weve seen apple do to great effect as well saving the Company Hundreds of millions in taxes and uli this is a good move for elegant. So inversions were a big deal a couple of years ago than the government took measures to make it a little more difficult to do but its definitely go move 1st because of the 45 percent. Up increase they received today on the buyout is but also because
A string of acquisitions for the pharmaceutical industry as they begin consolidating earlier this year Bristol Myers purchased sela jeans for 74000000000. 00 and eli lilly bought locks on college e. For 8000000000 dollars this is not a typical big pharma for the last 3 decades 2 radically different couple spending activities and the neighbors aren t. Have jostled with each other for preeminence brands saunders the current c. E. O. Of allergan and legendary deal maker grew out again when he was named c. E. O. Of forest labs 5 months later he sold for us to act tevez for 25000000000. 00 activists then acquired al again for over 70000000000. 00 and took on its name with more on this transformative acquisition welcome back adam mesh c. E. O. Of the Adam Mesh Trading Group so adam this is certainly a big day for allergen in 2016 allegan had attempted to sell themselves to pfizer in a 160000000000. 00 merger but. That deal ultimately fell through so the question is will this deal close we kn
More on this transformative acquisition you welcome back adam mesh c. E. O. Of the Adam Mesh Trading Group so adam this is certainly a big day for allergen in 2016 allegan had attempted to sell themselves to pfizer in a 160000000000. 00 merger but that deal ultimately fell through so the question is will this deal close we know that Bristol Myers and sullivan have been delayed due to antitrust concerns so well as the are allegan need to divest any of its assets to push this through. I think the devil may have to divest us as they proactively announce that theyre going to so they definitely will its a question of how much and we know from the Bristol Myers soldiering deal that they had a vast among day Bristol Myers announced that theyre divesting want to sell jeans top products to avoid those antitrust issues and the government is taking a more conservative approach so its definitely going to be an issue and its more the role that up because thats something that were going to look out
Plus nike is pulling a sneaker featuring an early American Flag after Colin Kaepernick complained. Those details coming up. Its tuesday, july 2, 2019, Worldwide Exchange begins right now. Good morning welcome to Worldwide Exchange. Im dominic chu. Brian sullivan is reporting from opec in vienna well hear from him in a moment. First lets get you up to speed on whats happening with the markets. Futures pointing to a modestly lower open right now if these futures losses hold into the start of regular trading, the dow would be off by 52 points. The s p down by 5. The nasdaq down by 23. Treasury he yieyields also in fa global yields take a leg lower the tenyear 2. 01 here. Twoyear note yields, 1. 77 . Lets go worldwide asian trade probably a little bit more mixed the nikkei in japan up by 0. 1 the hang seng up over a percent. The shanghai in Mainland China just about flat. The kospi in south korea up. In european trading, as you look at the dax, its off by 0. 1 the cac in france flat the ft