The day. This is sort of translating over into the equity markets as well. The risk off tone continues after a 3 selloff yesterday. We got some of that tension in the last two hours or so, with china saying we violated the agreement given the 10 tariffs. They are vowing to retaliate. We have a read now on the u. S. Consumer. Walmart earnings are coming out. Let me jump over to that. The risk off sentiment continues. David earningspershare was a beat, 1. 27. Their target comps beat estimates, samestore sales. International sales were down a bit 1. 1 ,. A little bit of a leavening there. Also a beat on the revenues. Good numbers here, and it looks like in the premarket, it is up well, that has it down 3 10. My terminal has it up. Taylor i think it is because they are boosting their fullyear growth target. Analysts were hoping for a beat, hoping for them to shrug off some of the trade concerns and tariff concerns and boost that fullyear adjusted earningspershare growth. Indeed, that is wh
The german tenyear 32 basis points. What is that going to do at the end of the day if they rethink that inflation target . David and what does it mean . Peggy collins pointed out the u. S. Is taking a look at the same thing because Central Banks are saying we had this to ,rcent, it is not this 2 it is not working out. Do we have to take a different approach . Phillip morris the latest earnings coming out. It really highlights those that can take this environment and deliver to boost their forecast, and those that just cant and dont have the Pricing Power like netflix. David then you have honeywell somewhere in between. It beat on earningspershare, a little soft on revenue. It does seem to be weathering the storm of trade uncertainty at the moment. Alix in the market, lets look at how that push and pull is playing out. Netflix well off the lows of the session. Eurodollar taking a steep leg lower on the news about that reflation rethink that inflation rethink by the ecb. Money flowing in
Im nejra cehic in london. Were checking a third day of declines for european equities. The the stoxx 600 down. 7 . The bloomberg dollar index on track for its first weekly loss in a month. The dollar weaker against yen. The b. O. J. Pushing for more stimulus. Well talk about that more throughout the show and the new Zealand Dollar best performer in this session on the announcement of a new central bank governor. Perhaps that might not hold up with some of the data were going to get next week but thats how were looking in todays session. Coming up today on surveillance, we talk surveillance and get a take on markets later on in the morning. First lets get the first word news. Greenbrussels, giving the light for brexit talks to move on to the next stage. They have complied with their conditions over a future trade deal. Diplomats warned the discussions will be more difficult than the First Six Months of talks. In japan, calling for more stimulus, prompted the b. O. J. To adjust its commu
Everything has to do with the tax reform in the u. S. Dollar, a little bit affected by the tax bill. Theresa may made moves to rally the troops to have a common vision on what trade will look like. We will speak with the vice chair of rothschild. We will also speak to david herro. And then, we will speak to fed president the of dallas we did get figures out of germany and Business Confidence is at 117. 2. It is missing estimates just buy a touch. To be at 117. 2. Weseems to be ranging as speak. Lets get straight to the bloomberg first word news. Reporter donald trump has called russia and china rival powers to the u. S. As he outlined a new foreign policy. In a departure from his previous statement, he declined to mention Climate Change as a threat. Donald trump we also face rival powers, russia and china. We will attempt to build a Great Partnership with those and other thatries, but in a manner always protects our national interest. Reporter nikki haley has blocked the u. N. Security
Im Francine Lacqua in london. A lot of news to get through. It is ecb. U. K. Election. We cannot talk about polling, anything to do with the various issues at play, but what we can tell you is polls open at 7 00 a. M. In the u. K. And will close at 10 00 p. M. You will have the first indication of who will be the Prime Minister of the u. K. Meantime, lets get on to data. Investors seem to be a little more at ease with some of the key events. We are not seeing huge moves. Financial markets mostly steady, investors avoiding big positions ahead of key events in europe. The u. S. And the testifying of edgingomey appeared oil higher. A nice snapshot of what we are looking at. 46. 04. Il in the u. S. At workerst to the first first word news with nejra cehic. In the u. K. , polling stations are now open for the countrys second general election in two years. 650 westminster mps will be elect did with 46. 9 Million People registered to vote. On the for our special u. K. Election 10 00 p. M. Lon