Streamers and those in competition with one another. 16. 5 percent taken off the growth of the stock this year. It had been a 400 growth rate. Not a huge amount, but a little bit of trepidation with disney getting in on streaming. Disney down 1. 6 . The market is dragging down with it. It had a great weekend with frozen 2. Disney to be happy about but the stock is lower. Guy in europe, we are at session lows. Stoxx 600 down by about 1. 5 . Every sector in negative territory. We are suffering from a compound, compounding factors. It started with decent data and the market went up, and then not then thegood and narrative has followed through. The u. S. Data not helping. Yields are eight basis points higher. A bid on the euro. Eurodollar, an incredibly tight range of the last month, but today up by around. 5 . The ecb president is speaking on Monetary Policy at the european parliament, saying the bank will be resolute in restoring price ability. And she also said an upcoming strategy revi
To report. Also trade representatives set to kick off a new round of china talks in shanghai. Earnings less than an hour away, well preview the key things to watch from that report with the stock up 800 on this 25 ipo price. Steve grasso from stewart frank, and a lot of moving parts, what do you do . It feels as if everyones on hold for the fed thats the most important thing thats happening right now earnings this surprised to the upside everyone usually, even last quarter, even was ready for a a into the earnings cycle. Steve is here with us for the full hour, and well be dissecting the market moves. Lets focus on the big stories the pharma deal, more fallout for boeing, and eamon javers. Viagra, lipitor, xanax and the epipen, pfizer is going to spin off or divest its up patent business and combine with mylan, and the new company will do about 20 billion in annual sales. It will get a new name and be domicile in the United States, a fact that could be attributed to u. S. Tax reform an
The president accusing Prime Minister theresa may of making a mess of brexit. He said the u. K. Will have a new Prime Minister soon, good news. In the markets, we are seeing risk off attitude. You want to buy the dollar. Equity futures down. 4 . Semis could get particularly hard. The chip guys have three months of inventory stacked up. Yields going nowhere in the u. S. Oil a bit firmer. You have some iran conflict there, the military playing hardball with bp. Altogether, it is a by dollar story, sell u. S. Equities buy dollar story, sell u. S. Equities. We are joined by Lisa Abramowicz and michael mckee. 72 hours, has a busy giving a speech to open this Boston Press Conference and then going down to d. C. Michael you dont have to pay any attention to boston. Towill be fed by satellite the conference. Tomorrow, you have to be sitting in front of your bloomberg terminal and watching jay powell. He has to ratify the idea of the month, which the markets are anticipating, or we will have in
We showed objectives and we did it. Every dividend helps tesco restarts its shareholder payout after nearly three years of absence as the largest retailer in europe sees strong growth in sales and profit we looked at how we could become more competitive for customers. The volume increased that we could give suppliers, we changed some of the business shape and the costs. The eu is expected to slap amazon with hundreds of millions of euros in back taxes as it concludes its investigation into the tax arrangement with luxembourg good morning great to have you with us on the show once again. Just want to get through some data talking about the eurozone pmis for the month of september the pmi print came in at 55. 7. It seems according to market, the firms in the eurozone built up a big backlog of work, thats encouraging. We had a couple of individual pmis this morning from spain, for example, very interesting given the latest political woes in the country it was the september number, it didn
The white house and appreciates the unifying words that Heather Heyers mother spoke at her daughters memorial yesterday. Walters did not address the question whether the president planned to visit charlottesville. In beijing, americas top general says war with north korea would be horrific, but the chairman of the joint chiefs of letting north korea and develop the ability to launch a Nuclear Attack on the u. S. Is unimaginable. The general told reporters that President Trump asked the pentagon to develop viable military options. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. Im Mark Crumpton. This is bloomberg. Scarlet live from bloombergs World Headquarters in new york, im abigail doolittle. Scarlet im scarlet fu. Joe julia is off today. We are 30 minutes from the close of trading in the u. S. U. S. Stocks are trading at session lows. The dow is separate worst day since may. Joe the griffin is, bloomberg miss . You miss . Wha