Welcome to bloomberg daybreak europe. Earnings season, here we go. To this, crossing the bloomberg. It is raising its fullyear 3. 5 to 3. 55ld to euros. That is the headline at the moment. It is also announcing clearance for metadata, so that is that deal that was announced not that long ago and it is announcing clearance for that, so thats another headline coming through and its also reaffirming its revenue target. Those are the numbers coming through. Coming up on bloomberg, the ceo joins us for his first interview of the day. We will get into a lot more details and talk about the industry as well. Do not miss that conversation. Speaking of industry, lets take a look at basf. Third quarter adjusted ebitda, that is the red headline. 1. 1 2 billion euros. Estimate, 1. 06. There was an expectation that in be Third Quarter, basf could hit by slowing industrial demand. That is the story we are getting for other companies in this earnings season as well. Third quarter adjusted ebit is a be
We are live on the ground. Matt welcome to bloomberg daybreak europe. We are looking at possibly the end of a global drop in equities. If you take a look at ftse futures, for example, they are still being sold. The open now slated to selloff across europe. However, the u. S. Futures dont look quite as bad. A big selloff we saw yesterday. The pound had rallied on hopes that the eu was considering helping Boris Johnson by limiting the time the backstop is in place. The pound fell. Right now we are at 12283 against the dollar is no deal brexit is back on the table in a substantial way. You see yields now rising as investors are selling debt. They did buy it yesterday on concern about the manufacturing numbers that disappointed the market. Thosere now selling treasuries and pushing the yield up to 1. 66 . Speaking of manufacturing, the u. S. Economy is losing speed. Economists are wondering how slow it can go without dipping into a recession. Growth below 2 would have almost guaranteed a c
Better about real time performance statistics thats what one mobile network is promising as it all fits a stadium the 5 g. Technology. This is your Business Report im stephen bears in berlin thanks for joining us the Trump Administration is reportedly considering the possibility of Delisting Chinese Companies from u. S. Stock exchanges and imposing new limits on American Investment in china the news that shares lower in new york the move would be a radical escalation of trade tensions between the 2 countries trade talks are set to resume on october 10th in washington. And for more on this lets go to our financial correspondent in new york yankees korda yes do we know if the moves being considered here would even be legal. Well i mean that is one of the questions but if you look what happened in the past couple of months with the Current Administration often the argument was that there is this threat to National Security and so my guess is that this would also be the 3rd term when it co
A sustainable future. Clipper projects from europe and. Eco india on b. T. W. Im not laughing at the germans because sometimes i am not nice and nothing with the time and the budget and i think deep into the german culture of. Nudity weve taken his grandmother to you because its all about who has no time rachel join me for me to get something healthy host. Of us is exploring Delisting Chinese Companies and limiting American Investment in chinese firms but cant even do that well ask our correspondent. Also on the show South African wines are world famous but can they survive Climate Change will head to the vineyards and dig for answers. And what could make the beautiful game even better about real time performance statistics thats what one mobile network is promising as it all fits a stadium 5 g. Technology. This is ready to be a Business Report im stephen bears in berlin. For joining us the trumpet ministration is reportedly considering the possibility of Delisting Chinese Companies fr
Is out. China removes another obstacle to Foreign Investors. It is that time of year again. We have the highlights from apples new Product Launch, including a fifth generation of the watch. News out ofing south korea. The august jobless rates coming in at 3. 1 . Way belowy, estimates. Analysts expected it to come in at 4 , which would have been the fourth consecutive month of the Unemployment Rates coming in at 4 , but surprising the markets, 3. 1 , the lowest since 2013. South koreas august adjusted rate at 3. 1 , adding 450 2000 more jobs in august versus 452,000 more jobs in august. We have the passage of an extra 452,000budget in early august t could have lent some additional support, but still, the lowest Unemployment Rate since 2013 reallyin at 3. 1 is interesting, given the fact that we have seen some private Sector Employment weakness with the ongoing trade tensions between the u. S. And china, not to mention south koreas own issues with japan. A surprising Unemployment Rate fo