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Brussels italy remains optimistic about defending he its deficit case to the commission we just talked yesterday, i will talk in a few minutes there was a fair play a new dynamic to the conversation i hope so. European chipmakers in the red after Semiconductor Supplier iqe warns fullyear revenue will miss expectations as u. S. Restrictions on huawei hit Global Supply chains good morning we have a very busy show first i want to take you some pictures of eu leaders who are gathering for the roundtable well bring you the latest from brussels throughout the show this after reports that there doesn...

Bringing down the sector with results from quarlcomm overnigh. And bank of england is looking for a 25basis point hike or 50 ill speak with Andrew Bailey at 4 00 ap. M. And wall street futures are coming down with the results from apple and amazon and investors are looking to see how the Performance Division is doing. We have been following Economic Data this morning particularly on the pmi front. Earlier on, we had german and french pmi numbers and now eurozone numbers for july. The figure coming out at 48. 6. The final composite pmi number for eurozone the flash figure had been 48. 9 a sligh...

We both always struggle with the dates. Should have that preprogrammed. Either way, a very good morning to everyone if youre just getting up. Oil prices and fed speak in focus this morning. Well bring you up to speed on both in a minute. Plus, well be talking politics. Here are the projected results from last nights gop caucuses in nevada. Donald trump taking the top spot by a pretty big margin, followed by marco rubio number two and ted cruz number three. More from the campaign trail later in the half hour. Looking ahead to super tuesday with clearly trump gaining momentum. Three states hes w...

And lofiason bank sees profits rise sending the stock to the top of the stoxx 600. Coming up, nobel prize laureate tells us why president putin commands so much power. Announcer youre watching Worldwide Exchange, bringing you Business News from around the global. All right. As anticipated, the eurozone pmi data is just hitting our wires right now. The eurozone august flash composite data coming in at a level of 52. 8, a little below the reuters poll. Reuters forecasted 53. 4. So its actually quite a bit below. Again, its weaker than what we saw in july and its weaker than what the reuters poll...

And we are just going to bring you to the europe sentiment data. The number was previously at 103. 2. Its coming at 104 for november. The expectation index has come in at sorry, im just going to get that one. Its come in at 99. 7 against a previous index of 111. 0. We are going to bring in the chief economist here to show us this is a pretty big surprise. This is a very important data point for two reasons. First of all, the economic weakness in europe over the last six, seven months has been largely germany. Positive germans are the turnaround we need. And the german weakness itself was focus...