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What bill is trying to do here, it is still early and you cannot tell. Just like we have seen, these are the highermargin products. ,ou are buying oreo cookies ritz crackers, so you have got the high margin. Lower productivity, lower margins than its peers. 3g doing their operational cost cutting overhaul was able to take this company 40 , take that drive powder, get into the transaction, and now that it is trading at the preview trading as it is, the verdure, potentially with pepsi. Erik what i am trying to understand, and maybe you could is why does bill ackerman see a need . Is it a bet on nelson . Peltz is in there on the board. Is hell dissatisfied with what else is doing or does he believe that what peltz and his people are already doing at mont elise a window . He has been in that position and then the company for many years. When you want to get this kind of costcutting or a major move, can you really do it with management . Bill ackman to do that with burger king, d remember t ....
Mixed day with the pivotal meeting of catalonias Regional Parliament coming up. The euro is rising, up two thirds of 1 . Bond yields are gaining. We have had some retail sales data today in the u. K. , retail is the clearly losing the battle against high prices, potentially strengthening the case for the bank of england to raise rates next month. Likeort today showing Product Sales increasing 1. 9 from a year earlier, the fourth straight month of gains. The fastest growth since april mainly driven by consumers paying more for essential items as retailers pass on the impact of sterling drop since the brexit vote. Elsewhere, a mixed day of data for the u. K. , a picture of an economy struggling to gain momentum. And after production rising 5. 2 in august, boosted by better than expected manufacturing performance. Construction bringing back some of the losses sustained in ju ....
Thenst a prior reading from last reading of three point 75 . 11 of 25 analysts surveyed by bloomberg expected this would so this isto 4 , surpassing that. Lets see whats happening in terms of markets in the u. S. Now. , generally across the board we are in green. Three days in a row of green after two days of fallsb postrexit, locking in 1 or more for the s p 500 and the dow. We are inching closer and closer to recouping most, if not all the losses we saw postbrexit. The nasdaq is still the farthest from that. Look at whats been happening today intraday on the s p. Notrally speaking, a rise, really looking back at the start of the trading day, up about 20 points or so, 21. 5 points, up about one point 1 . I want to show you the imap function for the s p with the 10 sectors. A very broad rally. Yesterday, energies and commodities led. Today, not so much the case. Energy still 0. 6 higher, but in Consumer Staples at 2 and industri ....
Group rising on the stoxx 600. Helped in no small part by yesterdays fed meeting. Still, the stoxx 600 is a low the close of june the 20th. This is the big piece of macro data. Business confidence sinking to a four and a half year low in the days after britain voting to leave the eu. Sliding to six in the wake of the record random referendum. The lowest level since december of 2001. The height of the european sovereign debt crisis. This gauge fell to 33 at the height of the financial crisis. The first negative reading since july 2012. Lets focus on u. K. Property. Have u. K. Property funds frozen withdrawals this week after four more joined the list. To dump realking Estate Holdings in the aftermath of the brexit vote. These are how Asset Managers and companies have fared. Declines of 8 to 23 . Be beingortugal might hit by eu sanctions. An unprecedented step to break budget ....
European open, the rally in europe, Deutsche Bank down another 4. 5 . The dax deep in the red. There are so much to discover this morning. Cehic. Et over to nejra a turkey will be pressing for concessions as the European Union meets over the refugee crisis. The eu wants turkey to stop the flow of refugees from the middle east in return, turkey wants money, a quicker path to joining the eu and the ability to travel to europe without visas. A Kurdish Militant Group has claimed this possibility for last weeks explosion in turkeys capital. The same group that claimed responsibility for a similar attack on turkish army officers. To fillt obamas choice the Supreme Court vacancy goes to capitol hill that it. Today. Mitch mcconnell says garland wont even get a hearing ....