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Cash trade is less than an hour away. Here are your top headlines. Republicans unveil a 1 trillion aid package to bolster the u. S. Economy. More direct payments to americans and Liability Protection for businesses. Keeping the borders close. Bloomberg learns the eu is set barriers to travelers outside the block amid rising virus infection rates in spain and germany. Plus, better than bad expectations. Michelin reports operating profit at the highend of estimates despite swinging to a net loss. The delivery here was one of the big delivery hero is one of the big winners. Dont miss our interviews in this program today. We are seeing the ecb, breaking news. The ecb asking european banks to freeze dividends. You can always get the latest ecb headlines on your terminal. Type ecb go for a great dashboard. The ecb is saying it wants european banks to freeze dividends for the rest of 2020. The remaining four months of the is saying ....
Nejra welcome to daybreak europe. Lets get this to the softbank numbers. Secondquarter operating loss for softbank comes in at ¥704. 37 billion. A ¥497. 7also seeing billion onetime loss in nonconsolidated earnings. His recognition of the loss on the valuation of shares as well. The loss on the fair value of we work comes in at ¥497. 7 billion. Onetime loss on the fair value of we work. Thats the details as we look at softbank. Have a look at the tliv blog to get more details. Of ¥537. 9ized loss billion in the second quarter. Thats the number they are putting on it. Thats the headline coming through. Fundecond quarter vision loss comes in at ¥970. 27 billion. A little bit of a painful number here coming through, the secondquarter loss is wider than estimates. That secondquarter operating loss was 700 437 billion yen. It still sees a fullyear dividend of ¥44. That is in line with estimates. Comes indquarter loss at ¥700. 17 billion. Again, a lot bigger than expected. The tliv bl ....
Intelligence analyst, looking at a 5. 3 times price to sales basis for 2020. This is higher than netflix, which trades at 4. 7, and apple, which trades at 3. 7 times price to sale. As you know, here in San Francisco, tons of conversations about valuation, Corporate Governance, i spoke with dean munson and he said he likes the peloton filing much more than the wework filing. He liked the way they were transparent. From his perspective, it seemed like they were more transparent than other Companies Like we work. David you know better than i it is all about growth in Corporate Governance with these ipos. Where does future growth come from . Taylor continuing to expand in areas like hotel. They only tapped a little but of that market on the hardware side with ....
News throughout this next hour and a half. Some of the big pieces we will deliver. This is the beast of the market, the treasury market, the death of the treasury market. The ticker on this his fiveyear. The moment of truth has arrived for the bond market. We test above 2. 4 for the first time in five months we touched above 2. 4 for the first time in five months. What is achievable if you break certain points . 6 i20 20. We are seeing this 6 by 2020. We are seeing this. Who do you want to run the fed jack of that run the fed . How feeble the bond market is to risk. Anna the fed chair conversation and there is also the growth story. The dollar. A quick word on some of the breaking headlines. Some corporate around europe but before we get to risk radar, they are cutting their fullyear Revenue Growth to 6 . Cutting their fullyear eps target. Worth keeping an eye on that. We have mentioned the risk radar. What you said about the bond ....