The dollar also moving lower. A lot of bullishness with regard to the pound, as well as some of the other peers to the dollar. That is suppressing the dollar index. Crude still very fragile. Nymex in new york, do bti down at 53. 12. Concerns about the global economy. The pound absolutely flat against the buck today. We traded for 1. 30 early on. We will find whether or not john bercow is going to allow a vote today. Equities up by about 0. 9 . Some of the industrials doing well. Deutsche bank having a fairly solid day as well. Theres talks of more job cuts coming through, but this time in the rates area. U. K. Prime minister Boris Johnson going to try again to get that brexit deal through parliament, a bid to show the eu he has the numbers to get that bill ratified. This as we await an announcement from house of Commons Speaker ton bercow, who could decide not even allow that vote. We are joined by emma chandra, live from westminster. Give us an update of what is going on right now. Co
Samsung. The share price doing well. 9432,s chart number judges delivering of verdict in this graph to trial of jay y. Lee. Prosecutors requesting a 12 year sentence. They say they paid bribes to the confidant of the then the south korean president to secure governor support for the merger of affiliates. This has largely been ignored by investors. The kospi up 16 from august. It is an important stock. ,he percentage of total kospi the market cap, 18 s or thereabouts, so does dictate in some sense where the kospi goes. That is what we have at the moment. Haidi absolutely. We will be watching the outcome of that verdict. Has been the teflon market despite geopolitical concerns over north korea, samsung the ultimate teflon start despite concerns ongoing. We are 30 minutes from the open. , not aht, like volumes lot for investors on the macro front. Everything is converging on jackson hole. Lets look at asian markets. Unsurprisingly we are seeing a Holding Pattern ahead of janet yellen and
Anna a very warm welcome everybody. This wednesday morning. I am anna and words. Edwards. Moving the markets, two of them, San Francisco John Williams and the conclusion being that at least two Interest Rate hikes may be warranted in 2016 because of the expansion in the economy. And inflation increasing. Over a goldman sachs, there is a chart over the twoyear spread in the u. S. On the bloomberg. Theyre warning Bond Investors that they need be more prepared for the fed to increase Interest Rates. Bill gross of course did something similar earlier on shouldnth, markets not count the fed out. What were seeing here is the increased demand for longterm debt, at least seeing a decrease over the two year yield. That spread is the smallest since 2007. It seems that in some senses, markets are not repairing a big difference between what we are seeing in the rhetoric from the fed. Not all of the assets have been reacting a great deal to what we heard from the fed, i should say. The dollar index
Nadella and jeff weiner, a megadeal they announced this morning. 26. 2 billion. Microsoft looking to buy linkedin. Satya, congratulations first on this deal. I know you have some things probably you want to say about this deal off the top. But when you approached linkedin with this deal and why buy versus partner with this company if its going to be run as its own entity within microsoft . Thank you, jon. This deal is all about bringing together the worlds leading professional cloud and the worlds leading professional network. If you think about how people work today, its split between these two worlds. They are using office on a daily basis, they are using systems like dynamics for their crm and Human Capital management and then of course, they are using the professional network. The dream that i have always had is how do we make this come together so that we can serve our customers. This is really about completing that scenario and jeff and i have known each other for awhile. We have
Tillie hyman has the breakdown julie hyman has the breakdown. Are proposing with that 20 billion offer is that the cash component will be increased. They are trying to reduce the complexity and increase the attractiveness. The cash will go up by 1. 2 billion euros to 8. 2 billion euros. Siemens is still offering to buy the gas turbine business. Remember, they have a third partner. Theres still that level of complexity. Mitsubishi is going to hold the in a singles Holding Company rather than a trio. That is one thing that it is attempting to do. Ge came out and said that our cash component is still higher than yours. Not giving exact details. Ges offer value of remains below that. So, there is that layer of complexity. There is definitely battles her e. The stakes are high. What are people saying outside of this . It is a really tight situation here. The stakes are high and that is illustrated by the fact that jeff then melt is going to paris to meet with Francoise Hollande again. The c