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Nov 27, 2023
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the uk is collaborative. if you look at the top cited papers coming out in the uk, we have over 60% have foreign authors on them. we are collaborative. actually, i've not personally been concerned about brexit. we haves we need and we are not blocked. from the regulator perspective, it will have reciprocal regulation, so if the ema approves the drug, there is that reciprocated in the uk. it makes it easy to work in the uk with the smooth regulatory pro process. >> kate, many viewers will recognize your name here in the uk with the work during covid. in 2020, you were chair of the vaccine task force. really central to the vaccine development here. how have attitudes toward vaccines changed in the wake of the pandemic and what are the innovations that you would flag? >> i think vaccinations have improved because people recognize it is better to get recognized than to get seriously sick or die. we are running the uk cancer vaccine launch pad. the pfizer partner for the covid vaccine is now running trials on canc
the uk is collaborative. if you look at the top cited papers coming out in the uk, we have over 60% have foreign authors on them. we are collaborative. actually, i've not personally been concerned about brexit. we haves we need and we are not blocked. from the regulator perspective, it will have reciprocal regulation, so if the ema approves the drug, there is that reciprocated in the uk. it makes it easy to work in the uk with the smooth regulatory pro process. >> kate, many viewers will...
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Nov 17, 2023
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let's talk more about the uk. retail sales fell to the lowest level since the 2021 covid lockdown in october. and unexpected decline of 0.3% for the month. sales have diverged so much that compared to pre-pandemic levels, consumers are paying 17% more in real terms for 3% lower volume. that is alarming. >> those are staggering numbers there if you compare what we had in 2020 let's see if there was much of a reaction. not much. really staggering evolution here with the prices up so sharply. so you're getting so much less for your money now. >> big squeeze is on it. you're seeing it on the u.s. but you're seeing is a lot more here in the uk. it is the higher rates that have impacted prices that are high as well. consumers are sitting at a point where they aren able to look at their borrowing costs at present that has squeezed them as well because of the higher rate. and they are able to afford this. that is what you're seeing as well as when it comes to the retailers. they're struggling to find a fit for the uk reta
let's talk more about the uk. retail sales fell to the lowest level since the 2021 covid lockdown in october. and unexpected decline of 0.3% for the month. sales have diverged so much that compared to pre-pandemic levels, consumers are paying 17% more in real terms for 3% lower volume. that is alarming. >> those are staggering numbers there if you compare what we had in 2020 let's see if there was much of a reaction. not much. really staggering evolution here with the prices up so...
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Nov 10, 2023
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will change for the uk. for the moment, we are allies to america and we are working toward that policy. >> sir, we will leave it there thank you for the perspective on the politics and uk's role within the political paradigm around presidethe world. lord peter ricketts. >>> let's turn to markets and see how it is shaping up on the final trading day of the week. dow jones industrial average is opening higher at this hour. nasdaq is looking to a flat start to the trade today after the selling pressure on bonds drag stocks lower with the s&p closing down 0.8%. the first decline in nine sessions a turn in sentiment yesterday. >> as for the week as a hole, the nasdaq ending the week so far in positive territory up .30%. the rest in negative territory that tells you, julianna, how moderate the gains were. the s&p had been positive for eight days in a row. longest streak since 2021. a ninth day would be the biggest streak since 2004. one negative session and it wipes out the gains for the week. >> analysts have bee
will change for the uk. for the moment, we are allies to america and we are working toward that policy. >> sir, we will leave it there thank you for the perspective on the politics and uk's role within the political paradigm around presidethe world. lord peter ricketts. >>> let's turn to markets and see how it is shaping up on the final trading day of the week. dow jones industrial average is opening higher at this hour. nasdaq is looking to a flat start to the trade today after...
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Nov 23, 2023
11/23
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will it be a different picture for the uk? i think unlikely, but let's take a look at what the uk has published this morning. >> so we just actually are getting the numbers through. let me go through them with you. we were expecting the pmi for the uk to come in at 48.7. so unchanged from the previous month. actually according to wires, the number came in above expectations at 50.1. so, a slight improvement in the business activity in the uk. just managing to get above that key threshold of 50. so a slight -- not even sure if we can call it an expansion yet, just because it is right at that key threshold of 50. we're seeing an improvement in the business activity in the uk and, of course, that is quite important when we think about the picture for the uk economy when we heard from the chancellor, the numbers for gdp for the uk were actually revised downwards as we look at 2024. there is still quite a lot of pressure when you think about the uk economy. not just on the growth front, but also when it comes to inflation and with
will it be a different picture for the uk? i think unlikely, but let's take a look at what the uk has published this morning. >> so we just actually are getting the numbers through. let me go through them with you. we were expecting the pmi for the uk to come in at 48.7. so unchanged from the previous month. actually according to wires, the number came in above expectations at 50.1. so, a slight improvement in the business activity in the uk. just managing to get above that key threshold...
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Nov 22, 2023
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. >>> uk softway firm sage has announced a share buyback program after reporting an 18% rise in full year operating product amid rising demand sage shares up almost 11%. they're trading right at the top of the stoxx 600. >>> this thyssenkrupp posts a $2.3 billion impairment. they have free flow cash investments which investors are cheering this morning. >>> zooming out to the macro, goldman sachs says it sees headwinds improving next year while the uk picture remains mixed. falling pressures from the underlying inflation and support will outweigh any fiscal drag seeing growth coming in at 0.9% in 2024. i'm pleased to say jari stehn joins us it's great to see you in person. i had to read through. how would you characterize the growth picture for the eurozone next year? i'm wondering where you think this pickup is going to come from. >> yeah. there are pavingly two things. one is that inflation is coming down we've made a lot of progress on the inflation front already, headline inflation has gone from above 10 to below 3%, and wage growth has remained fairly firm. so on an inflation ad
. >>> uk softway firm sage has announced a share buyback program after reporting an 18% rise in full year operating product amid rising demand sage shares up almost 11%. they're trading right at the top of the stoxx 600. >>> this thyssenkrupp posts a $2.3 billion impairment. they have free flow cash investments which investors are cheering this morning. >>> zooming out to the macro, goldman sachs says it sees headwinds improving next year while the uk picture remains...
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Nov 1, 2023
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and china but also the uk in the realm. ahead of the summit, i had a chance to catch up with google's representative and ask him his thoughts about working on ai safety with china. let's listen in. >> i think we have to talk to everyone at this stage. still fairly early in the ai arc, i would say, or age. i think we're all trying to understand better what these technologies are going to be. >> you had the executive order from the president, the statement on policy and this is a push by the world to keep an eye on the rapidly evolving ai. >> you mentioned leaders who will attend and those who will not attend. uk hosting this. where do they stand when it comes to ai? >> when you look across the globe, you look at microsoft, google, and others. you look at alibaba. again, china very strong in the field of ai. but uk very much a distant third at this point in time. they've not got much in the way of giants. but very strong in terms of universities and churning out talents. remember google deepmind was a british company that goo
and china but also the uk in the realm. ahead of the summit, i had a chance to catch up with google's representative and ask him his thoughts about working on ai safety with china. let's listen in. >> i think we have to talk to everyone at this stage. still fairly early in the ai arc, i would say, or age. i think we're all trying to understand better what these technologies are going to be. >> you had the executive order from the president, the statement on policy and this is a push...
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Nov 14, 2023
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uk wage growth eased slightly in september which is welcome news for the bank of england. hiring slowed. how do you think the uk economy is doing and do you think that a rate cut is on the table potentially for the boe next year >> yes these figures are what the bank of england want to be seeing wage growth is still too high at 8% for the private sector. that will come down quite a bit over the next year the labor market is softening. there are issues with the numbers, but the point is the labor market will feed through to wage growth and services inflation. all of the things the bank of england cares about. in terms of the economy and the bank of england acknowledged this, the rates are still coming through. if you look at the mortgage rates, the mortgage rate from 2% to 3%. most people are fixed. over the next year, if the bank of england cuts rates, we are looking at the average mortgage rate going to 4% by the end of next year. those rate hikes are coming through. it doesn't necessarily spell recession, but stagnation with rate cuts next summer. >> what happens when we
uk wage growth eased slightly in september which is welcome news for the bank of england. hiring slowed. how do you think the uk economy is doing and do you think that a rate cut is on the table potentially for the boe next year >> yes these figures are what the bank of england want to be seeing wage growth is still too high at 8% for the private sector. that will come down quite a bit over the next year the labor market is softening. there are issues with the numbers, but the point is...
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Nov 20, 2023
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we have the uk statements from jeremy hunt. wall street will be closed fr. thank for thanksgiving holiday if you watched on friday, you know my views on black friday outside the united states. i'll look forward to it from here. >> i was going to ask of all of the things you listed, which is going to be the most market moving of course, you want to go to black friday i would say to take it back to markets. fmoc minutes will be interesting. the big narrative as we talked last week is investors have changed views of where rates were headed. we were setting in on the higher for longer theme and now which central bank will cut first. many are forecast to start cutting as soon and spring next year is it the big question which is who goes first and huge rally in the indices and bond rally >> dramatic change in narrative over the last couple weeks driven by the fed. i'm looking out for nvidia earnings for similar reasons the last results were what catapulted into the tech stocks and drove the recent leg higher in the tech sector similar to the fed, obviously being a
we have the uk statements from jeremy hunt. wall street will be closed fr. thank for thanksgiving holiday if you watched on friday, you know my views on black friday outside the united states. i'll look forward to it from here. >> i was going to ask of all of the things you listed, which is going to be the most market moving of course, you want to go to black friday i would say to take it back to markets. fmoc minutes will be interesting. the big narrative as we talked last week is...
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Nov 13, 2023
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we have breaking news coming in from the uk political scene in the last 15 minutes. according to various uk media reports, the home secretary braf braverman has been sacked. the political reporter says there will be a replacement. these are live scenes of cars pulling up in front of 10 downing street. a cabinet reshuffle had been anticipated in the run-up to today. there was speculation that braverman's job was at risk after being critical of the handling of the pro-palestinian mar marches. the uk home secretary has been sacked according to local media reports. >> according to the bbc, they understand this is part of the wider cabinet reshuffle that the pm will use to restructure the people. we know rishi sunak has been under pressure and the tory party has been losing ground to the labour party . in terms of what else is happening is david cameron was seen to walk into 10 downing street. as joumanna said, there is speculation that there would be a replacement for braverman. speculation at this point, but we will bring you any developments as they come through this m
we have breaking news coming in from the uk political scene in the last 15 minutes. according to various uk media reports, the home secretary braf braverman has been sacked. the political reporter says there will be a replacement. these are live scenes of cars pulling up in front of 10 downing street. a cabinet reshuffle had been anticipated in the run-up to today. there was speculation that braverman's job was at risk after being critical of the handling of the pro-palestinian mar marches. the...
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Nov 2, 2023
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the problem the uk has now is rates are high and they are restrictive. we also have a fair degree of fiscal tightening which is potentially coming down the pipeline. whether the government delivers remains to be seen. sterling does potentially underperform because of that. >> i'll ask about the yen. we are supposed to talk about the bank of england. a lot going on in that space with flashes coming through that the bank of japan may consider negative interest rate policy next year. you came and spoke to julianna and myself and said yen is the consensus position out there. long yen. how are things looking right now and what is the market position? >> much like the pound, that positioning has been wiped out. i definitely see investors holding on to the long-term do dollar/yen shorts. people are nervous with the threat of the bank of japan and it is expected to normalize. i would still be looking at some top side in dollar/yen. >> banks keeping rates on hold for all of 2024. elsa, thank you. wonderful to speak to you. global head of strategy at rbc. this is
the problem the uk has now is rates are high and they are restrictive. we also have a fair degree of fiscal tightening which is potentially coming down the pipeline. whether the government delivers remains to be seen. sterling does potentially underperform because of that. >> i'll ask about the yen. we are supposed to talk about the bank of england. a lot going on in that space with flashes coming through that the bank of japan may consider negative interest rate policy next year. you...
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Nov 7, 2023
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and uk and other markets. the returning customers rate is higher. >> sebastian, you made headlines this week with the news around the new legal entity you set up in the uk. can you give us an update on the listing plans? >> yeah. look, it is a little bit boring. it is mostly administrative in a sense. it is also, to me, a sentiment to the fact that london and uk is still the very hub of financial industry in our opinion. when we realize that as a preparation and first step for the ipo, we needed to restructure the legal set up of klarna. the question is where should we top point the company. the uk is the favorable position for that. the uk listing has not been taken out of consideration. there have been no decisions made on the topics. >> where else would you consider? >> the truth still is obviously of that in the united states. there is a large pool of investors with a very good understanding of fintech. that would be obviously. you have to realize u.s. is the largest market by revenue. it is growing at a m
and uk and other markets. the returning customers rate is higher. >> sebastian, you made headlines this week with the news around the new legal entity you set up in the uk. can you give us an update on the listing plans? >> yeah. look, it is a little bit boring. it is mostly administrative in a sense. it is also, to me, a sentiment to the fact that london and uk is still the very hub of financial industry in our opinion. when we realize that as a preparation and first step for the...
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Nov 15, 2023
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following wall street's leads higher helped out by positive economic news from china as well as the uk. retail earnings remain front and center with target set to report in just over an hour we speak with one investor who's long on the stock. >>> plus, getting set for the biden/xi face-to-face at the apec summit later today. we lay out what's at stake. >>> and big names that reveal their insider holdings including a new bearish bet from famed michael berry. it's wednesday, november 15th, and you're watching "worldwide exchange" on cnbc. >>> good morning and welcome to "worldwide exchange. i'm mike santoli in for frank holland. let's kick off the hour with a check on u.s. stock futures. pretty dramatic day yesterday. s&p 500 up almost 2% on the day. bond yields much lower that was after a cpi report came in cooler than expected, zero gain in consumer prices month to month. bonds rallied, stocked rallied recovered most but not all of the decline from july. you see this morning -- that was yesterday let's move this morning you're seeing a little modest follow-through to the upside the dow
following wall street's leads higher helped out by positive economic news from china as well as the uk. retail earnings remain front and center with target set to report in just over an hour we speak with one investor who's long on the stock. >>> plus, getting set for the biden/xi face-to-face at the apec summit later today. we lay out what's at stake. >>> and big names that reveal their insider holdings including a new bearish bet from famed michael berry. it's wednesday,...
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Nov 2, 2023
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safety summit in the uk. arjun, great to see you. great blazer. thank you. >>> coming up here on "worldwide fig wh ," a check on the state ofrehtitark vest. a company that has been delivering freight for over a century. we're back right after this. (♪♪) business can happen virtually anywhere. (♪♪) but there's nothing like being there. at national, you can skip the counter... and choose any car in the aisle... even manage your rental right from the app. so you can give some quality time to a quality cause. swing by to see one more customer... [audience cheering] and really get down to business. go national. go like a pro. >>> turning to the state of freight and the signals in the global supply chain despite fears of recession we have one company weathering the storm. arcvest with the third quarter company beat and profits surpassing 55%. arcvest operating in the recent quarter and benefitted from the brun bankruptcy of yellow. we have judy with us this morning to discuss arcvest. >> great to be here. >> let's get right into it. what was the
safety summit in the uk. arjun, great to see you. great blazer. thank you. >>> coming up here on "worldwide fig wh ," a check on the state ofrehtitark vest. a company that has been delivering freight for over a century. we're back right after this. (♪♪) business can happen virtually anywhere. (♪♪) but there's nothing like being there. at national, you can skip the counter... and choose any car in the aisle... even manage your rental right from the app. so you can give...
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Nov 24, 2023
11/23
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that is not settled with the uk and eu. does that concern you? >> we have been on the ev since 2011 that we have to move forward with production. we want to deliver to the customer cleaner and safer and value that nissan can provide to the customer. that is what we are going to demonstrate. i know what is happening in the world today. a lot of competition is everywhere and deliveries of evs to the customer. the importance is the value to the customer which makes more cleaner and carbon neutral fixes. >> that was the nissan ceo. >>> coming up on the show, retailers prepare for a vital holiday season. we look at what to expect next. blendjets legendary black friday sale is here, get our best deal ever on the game-changing blendjet 2 portable blender. its the perfect gift for everyone shopping list! even that picky relative who hates everything. and dont forget the accessories! theyre all on sale! dont wait! our most popular colors and patterns will sell out! go to blendjet.com and take advantage of our black friday sale now! in order for small busi
that is not settled with the uk and eu. does that concern you? >> we have been on the ev since 2011 that we have to move forward with production. we want to deliver to the customer cleaner and safer and value that nissan can provide to the customer. that is what we are going to demonstrate. i know what is happening in the world today. a lot of competition is everywhere and deliveries of evs to the customer. the importance is the value to the customer which makes more cleaner and carbon...
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Nov 28, 2023
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. >> i had not seen that stat from the uk. i'm going to be very hypocritical here. i did so some shopping on black friday and i went out. i was in-person and order online. i fully participated. >> you know what i thought was interesting about the u.s. sales numbers and to bring it back to economics here, it is interesting the jump is not only because of inflation and higher prices, but the demand. a couple of trends here. americans have started dipping into the retirement plans and savings and taking on more debt. more consumers are using buy now pay later than before. it is up 19% from a year ago. >> that is interesting. it is a big part or question mark around the new model. you know, how these companies will fare in the economic downturn and is this dangerous for consumers to load up on the buy now pay later schemes. the companies we spoke to say this is a safe way to borrow. it doesn't carry the same risks the traditional credit card market would. this looks like it would be a test. >> it hasn't been tested. don't underest
. >> i had not seen that stat from the uk. i'm going to be very hypocritical here. i did so some shopping on black friday and i went out. i was in-person and order online. i fully participated. >> you know what i thought was interesting about the u.s. sales numbers and to bring it back to economics here, it is interesting the jump is not only because of inflation and higher prices, but the demand. a couple of trends here. americans have started dipping into the retirement plans and...
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Nov 8, 2023
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. >>> switching over to the uk, m & s is surging after posting a 75% profit. it did note hiring costs and tel temperamental weather was causing it. we bring in arabile gumede. >> the price is up nearly 100% year to date. it kind of gives you a clear sense of yesterday's compensation not as dire. but on the other hand, they've had this -- they've had this turnaround plan and now it's gone strength to strength with the current ceo as well. it kind of gives you the sense they're trying to improve things. they've increased their net debt from nearly nearly 3 billion a ago. now 27.7 million pounds. they managed to go up in h clothing and food. food sales went up nearly 14%, 12% on a like-for-like basis. still a high cost situation for the uk. plus clothing and home sales went up. they're doing well, but it's a tale of two halves unfortunately for them. they're worried about the second half of the year. the consistent costs. you still have the higher interest rates, inflation numbers in the uk are relatively higher than everything else along the g7 nations. also int
. >>> switching over to the uk, m & s is surging after posting a 75% profit. it did note hiring costs and tel temperamental weather was causing it. we bring in arabile gumede. >> the price is up nearly 100% year to date. it kind of gives you a clear sense of yesterday's compensation not as dire. but on the other hand, they've had this -- they've had this turnaround plan and now it's gone strength to strength with the current ceo as well. it kind of gives you the sense they're...
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Nov 15, 2023
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. >>> uk inflation calls more than expected in october, lifting the ftse 100 and sending sterling and gilt yields sharply lower. the chancellor says they're winning the fight on rising prices. >>> good morning, everybody, and a warm welcome to "street signs. we want to kick off the show with a look at markets because yesterday was an extraordinary ka day in terms of trade. we saw a remarkable rally. it was a small down joid surprise but enough to get things going that the fed is done hiking interest rates and instead is now going to turn their attention to cutting interest rates we saw a massive rally in stocks at the same time we saw bond yields come down since the banking turmoil back in h march. this is where futures stand right now. we're looking at continued gains. the dow jones looking to gain about 1 to points in this early hour, the nasdaq about 85 and the s&p 500 about 17 in terms of where we left things on wall street, all three of the majors ended sharply higher than nasdaq, about 2.4% really strong gains in the tech sector, the s&p about 9% the dow jones added nearly 500 p
. >>> uk inflation calls more than expected in october, lifting the ftse 100 and sending sterling and gilt yields sharply lower. the chancellor says they're winning the fight on rising prices. >>> good morning, everybody, and a warm welcome to "street signs. we want to kick off the show with a look at markets because yesterday was an extraordinary ka day in terms of trade. we saw a remarkable rally. it was a small down joid surprise but enough to get things going that the...
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Nov 14, 2023
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it has been a busy 24 hours in uk politics. before "wex" kicked off yesterday, we got news that former prime minister david cameron is returning to the political scene in the uk. the conservative party has been polling poorly against the labour party outside of the uk, the dax is .30% higher .40% higher for the spanish and italian market today's trade comes after a 75-basis point gain for the benchmark yesterday. things have been positive here in europe for the last few trading sessions from the sector perspective, we have basic resources out performing alongside real estate those sectors are up .80% a and .90% basic resources with glencore declining a deal with teck resources. and telco is on the down side this morning i would say overall, fairly muted trade as investors here in europe also brace for the u.s. cpi print. mike >> it is the catalyst of the morning. julianna, thank you. >>> investors are gearing up for the key data point this week which is the cpi due out at 8:30 a.m. this could create problems for the fed and the
it has been a busy 24 hours in uk politics. before "wex" kicked off yesterday, we got news that former prime minister david cameron is returning to the political scene in the uk. the conservative party has been polling poorly against the labour party outside of the uk, the dax is .30% higher .40% higher for the spanish and italian market today's trade comes after a 75-basis point gain for the benchmark yesterday. things have been positive here in europe for the last few trading...
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Nov 10, 2023
11/23
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china has come down to relatively healthy levels, but inventory is remaining at high levels. >>> the uk economy flat lining in the third quarter after increasing by 0.2% in the previous quarter services sector dropping by 0.1% it was offset by 0.1 increase in construction and flat performance in the production sector the uk chancellor says this is the highest barrier for growth with the cpi at 6.7%. >>> ahead on "worldwide exchange," one word ever investor needs to know today and our next guest is not concerned about the hawkish comments from fed chair jay powell we will be back right after this from blendjet. nine exciting designs your whole family will adore blendjet 2 is portable, which means you can blend up nutritious smoothies, protein shakes, or frozen treats, just about anywhere! recharge quickly via usb-c. it even cleans itself. order yours now from blendjet.com and bring a little disney into your life. people are excited about what ai will do for them. we're excited about what ai will do for business. introducing watsonx a platform designed to multiply output by training ai wi
china has come down to relatively healthy levels, but inventory is remaining at high levels. >>> the uk economy flat lining in the third quarter after increasing by 0.2% in the previous quarter services sector dropping by 0.1% it was offset by 0.1 increase in construction and flat performance in the production sector the uk chancellor says this is the highest barrier for growth with the cpi at 6.7%. >>> ahead on "worldwide exchange," one word ever investor needs to...
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Nov 22, 2023
11/23
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responsibility lower its gdp growth forecast, raising its inflation projections, not expecting the uk to return to 2% until the first half of 2025. i think the subtext is there's a general election in 14 months so potentially trying to make it easier ahead for the economy. as always the uk and other countries battling inflation have to walk a fine line when it comes to stimulus measures. that was learned the hard way, former british leaders. >> the thinking is if the u.s. follows, maybe that does add to some downward pressure on u.s. yields. they called it the biggest tax cut in the history of the british empire. >> they're selling it. they're trying to stimulate and the thing is the economy forecasts are weaker and it's not balanced. so far the bond market agrees. >>> a news update with contessa brewer. >>> hi there, carl. tension is climbing between north and south korea. south korea is suspending an inter-korean agreement and restarting surveillance of north korea. seoul announced a deal launching aerial surveillance of the frontline. hours before the north said it had a successful
responsibility lower its gdp growth forecast, raising its inflation projections, not expecting the uk to return to 2% until the first half of 2025. i think the subtext is there's a general election in 14 months so potentially trying to make it easier ahead for the economy. as always the uk and other countries battling inflation have to walk a fine line when it comes to stimulus measures. that was learned the hard way, former british leaders. >> the thinking is if the u.s. follows, maybe...
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Nov 7, 2023
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uk housing prices rising by 1.1% in september after six straight monthly declines. so, i think, some evidence it's not a straight line lower, maybe, i guess is the best you can say for the british economy because there are increasing concerns there about a recession while still elevated inflation with the central bank now on pause. >> although uk grocery inflation in single digits for the first time in 16 months. >> good news. >> i mean, nine is better than ten. >> it's been stubbornly high. >>> couple hours into trading, maintaining some highs. let's get post to post with bob pisani. >> just off the highs for the day. the lower interest rate environment is really helping large parts of the stock market. you just had a discussion on housing. horton had numbers out today. generally very good. they guided full year revenue higher. 121, that's only 6%, 7% from a 52-week high, believe it or not. all the home builders are among the biggest movers. pulte up 4% from a 52-week high. low interest rate is helping the housing market. we've seen some consumer stocks starting to
uk housing prices rising by 1.1% in september after six straight monthly declines. so, i think, some evidence it's not a straight line lower, maybe, i guess is the best you can say for the british economy because there are increasing concerns there about a recession while still elevated inflation with the central bank now on pause. >> although uk grocery inflation in single digits for the first time in 16 months. >> good news. >> i mean, nine is better than ten. >> it's...
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Nov 2, 2023
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for a broker in the uk is 1 to 2%. here it's 5 to 6%. >> let's not forgot the uk doesn't allow a second agent to come in with a buyer. it takes longer to sell because yo you're paying little commission. here we split the commissions. we've disclosed that. it's in every agreement. it's not like we deliberately did this. this is the way the business has been run the last 40 years. >> don't you think -- a lot of people weren't aware the buyer's agent is paid by the seller's agent. do you think more transparency is good for people to understand just who is paying what and representing what? isn't that a good thing. >> the transparency is there. you've all bought and sold. you see the sheetp and the final closing sheet. it's there. there's no secret. there's no hiding it. it's like this is a curveball. >> i guess my last question to you, what do you foresee taking place in your market over the next 6 to 12 months, whatever happens with broker fees, but in terms of supply and demand in the economy. >> we are finally seeing t
for a broker in the uk is 1 to 2%. here it's 5 to 6%. >> let's not forgot the uk doesn't allow a second agent to come in with a buyer. it takes longer to sell because yo you're paying little commission. here we split the commissions. we've disclosed that. it's in every agreement. it's not like we deliberately did this. this is the way the business has been run the last 40 years. >> don't you think -- a lot of people weren't aware the buyer's agent is paid by the seller's agent. do...
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Nov 17, 2023
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uk retail sales volume back to 2018 levels. pretty amazing. >>> let's turn to commodities. brent turning around today but still on track for four negative weeks in a row after hitting a four-month low on the supply and demand concerns. nat gas sinking today, underground storage shot up by 400 billion cubic feet week on week due to higher temperatures. joining us to break down her outlook is goldman sachs head of global nat gas research, samantha dart. thanks for the time. great to see you talk to me about the outlook for nat gas. how much sort of involves going into yet another winter in europe where you would expect some to be worried about supply. >> yeah. the european balance is interesting because we have record high levels of storage at the moment, but the problem is not where you enter winter, it's where you come out so, what we're worried about is how quickly you willuse up those stocks if we don't see any shocks in the system, meaning if we don't see colder than average weather, if we don't see pipeline or lng supply shocks, we think the market balances pretty well
uk retail sales volume back to 2018 levels. pretty amazing. >>> let's turn to commodities. brent turning around today but still on track for four negative weeks in a row after hitting a four-month low on the supply and demand concerns. nat gas sinking today, underground storage shot up by 400 billion cubic feet week on week due to higher temperatures. joining us to break down her outlook is goldman sachs head of global nat gas research, samantha dart. thanks for the time. great to see...
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Nov 13, 2023
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the uk is in focus from the political perspective. major cabinet reshuffle from the government under way this morning. just in the last half hour, we have confirmation that former prime minister david cameron, he led the brexit referendum, is now coming back into government as the foreign secretary. that's the most surprising development in the uk the last half hour. keep an eye on those developments throughout the course of the morning. this is the split in europe. the majority of sectors are trading higher. food and beverage is higher. travel and leisure up 1.5%. i know you mentioned this on the program, dom, but novo nordisk is up 3% in europe trade this morning after novo came out at the american heart association over the weekend with the additional trial results with the study of the obesity drug wegovy showing a major impact of the incidents of cardio disease and stroke. that is a positive for novo nordisk, but the drug market given the implications of taking these new drugs. dom. >> thank you, julianna tatelbaum. >>> keeping t
the uk is in focus from the political perspective. major cabinet reshuffle from the government under way this morning. just in the last half hour, we have confirmation that former prime minister david cameron, he led the brexit referendum, is now coming back into government as the foreign secretary. that's the most surprising development in the uk the last half hour. keep an eye on those developments throughout the course of the morning. this is the split in europe. the majority of sectors are...
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Nov 21, 2023
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and if you look at the uk, the ten-year guild, well, this chart starts all the way back in may they're at almost exactly to the day six-month low yields the patterns are very similar. the economies are close. but, europe and the uk in particular are coming from maybe loftier inflation levels that have come down at the end of the day, the u.s. has come down as well, but there are still sticky aspects to it. then you want to pair that with some of the weakening data that we have seen no surprise on the housing side. but, this is, of course, going to be a perfect storm as we go into a holiday weekend tyler, back to you >> all right, rick, thank you very much. >>> ahead on "power lunch," the c-suite facing a wave of criticism of late, especially in tech sector. we'll discuss all the latest with jeffrey sonnenfeld next ( ♪ ♪ ) ( ♪ ♪ ) ♪ (when the day that) ♪ ♪ (lies ahead of me) ♪ ♪ ( seems impossible to face) ♪ ♪ (a lovely day) ♪ ♪ (lovely day) ♪ ♪ (lovely day) ♪ ♪ (lovely day) ♪ a bank that knows your business grows your business. bmo. all right. 60 sec
and if you look at the uk, the ten-year guild, well, this chart starts all the way back in may they're at almost exactly to the day six-month low yields the patterns are very similar. the economies are close. but, europe and the uk in particular are coming from maybe loftier inflation levels that have come down at the end of the day, the u.s. has come down as well, but there are still sticky aspects to it. then you want to pair that with some of the weakening data that we have seen no surprise...
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Nov 15, 2023
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the ftse 100 in the uk turning positive on the year the data point there that helped, uk inflation falling to a two-year low in october. some good progress there, like we're seeing here. year over year, cpi coming in at 4.6%, versus 6.7% in october a real stepdown in the rate of inflation. also some data out of japan. third quarter gdp comes in negative 0.5%. the overall move in currencies has been a weaker dollar in the last 24 hours. we're still below that key 105 level on the dollar index. and if we get central bankers sounding a little bit more dovish on the back of this weaker inflation numbers and weaker economic numbers, that could really supercharge a weak dollar story into next year. that's what the analysts are saying but it depends on how relatively speaking, the u.s. does versus the rest of the world, and whether the fed really feels commission mission accomplished >> either way, big implications for corporate earnings we'll see what happens with the greenbacks >>> meantime, a couple of bullish pieces of news on the consumer the first is that sales fell in october, although les
the ftse 100 in the uk turning positive on the year the data point there that helped, uk inflation falling to a two-year low in october. some good progress there, like we're seeing here. year over year, cpi coming in at 4.6%, versus 6.7% in october a real stepdown in the rate of inflation. also some data out of japan. third quarter gdp comes in negative 0.5%. the overall move in currencies has been a weaker dollar in the last 24 hours. we're still below that key 105 level on the dollar index....
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Nov 10, 2023
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. >> yeah, uk between retail sales and inflation, employment, it's been a tough road. >>> let's get a news update with dominic chu. >> good morning. former president donald trump's requested to delay his classified documents trial in florida was rejected today but judge eileen cannon said in a court filing this morning she is leaving the door open for a delay and will consider the issue again at a scheduling conference on march 1st. >>> the number of kids opting out of routine childhood vaccines has reached an all-time high, according to a new report from the cdc it means potentially hundreds of thousands of children are unprotected against preventable diseases, such as measles and whooping cough the report didn't detail reasons for the trend, but the american academy of pediatrics says a big factor is rising distrust with the health care system >>> and prince harry, elton john and five other high-profile british figures will have their lawsuit heard against the publisher of "the daily mail" newspaper. the high court in london ruled today it could go forward. prince harry and the othe
. >> yeah, uk between retail sales and inflation, employment, it's been a tough road. >>> let's get a news update with dominic chu. >> good morning. former president donald trump's requested to delay his classified documents trial in florida was rejected today but judge eileen cannon said in a court filing this morning she is leaving the door open for a delay and will consider the issue again at a scheduling conference on march 1st. >>> the number of kids opting...
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Nov 8, 2023
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a pocket watch from a russian immigrant who died in the accident, also being sold at a uk auction. the auction house said the watch expected to sell for more than $60,000, and the menu could go for $74,000. kelly, back to you. >> couldn't quite make out that text. >> i wouldn't know what to order there. >> so interesting to see what's held up over time and what hasn't. tyler, see you on "power lunch." >>> coming up, a four horsemen edition, and we'll get you the eptsers ahead of those ror. all four stocks down. back in a moment. alized, based on your goals, whatever they may be. all that planning has paid off. looks like you can make this work. we can make this work. and the feeling of confidence that comes from our advice? i can make this work. that seems to be universal. i can make this work. i can make this work. no wonder more than 9 out of 10 clients are likely to recommend us. because advice worth listening to is advice worth talking about. ameriprise financial. there's challenges, and i love overcoming challenges. ♪ when better money habits® content first started coming o
a pocket watch from a russian immigrant who died in the accident, also being sold at a uk auction. the auction house said the watch expected to sell for more than $60,000, and the menu could go for $74,000. kelly, back to you. >> couldn't quite make out that text. >> i wouldn't know what to order there. >> so interesting to see what's held up over time and what hasn't. tyler, see you on "power lunch." >>> coming up, a four horsemen edition, and we'll get you...
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Nov 1, 2023
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pmi data, missing expectations in the uk, in china, and in india this morning. all of this ahead of the fed meeting here in the u.s. where the central bank is expected to keep rates steady, a theme we're seeing deployable. october saw five central banks hold rates steady at their policy meeting. tomorrow we'll get bank of england, also expected to leave its rate unchanged for the second straight meeting. they all kind of come together when it comes to this policy stance, which is the feeling we've done a lot, inflation is still a little bit high for us, but we're willing to sort of wait and see where we go. they've also, though, importantly, adopted the higher for longer mantra, saw that in the ecb, expect that from the fed. in other words, we're not thinking of cutting anytime soon, because there's still work to do on inflation. >> the goldman desk this morning said the g-10 country central banks have pretty much all stopped hiking now for the most part. >> how about that? are they done? to be determined. >> turning now to demand in china and how weakening outl
pmi data, missing expectations in the uk, in china, and in india this morning. all of this ahead of the fed meeting here in the u.s. where the central bank is expected to keep rates steady, a theme we're seeing deployable. october saw five central banks hold rates steady at their policy meeting. tomorrow we'll get bank of england, also expected to leave its rate unchanged for the second straight meeting. they all kind of come together when it comes to this policy stance, which is the feeling...
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Nov 7, 2023
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. >> france, uk, spain, italy. we are in eight countries in western europe. >> what does it cost if i have a dog or let's say i have two dogs and i need.walking twice a day for five days, and i wanted to spend a little time with my dog because i'm going to be away. what does it cost? >> for dog walking 20 or $25 per walk is typical. drop-in visits might be a little less. for overnight services $35 or $40 may be more the norm. is >> how do you that the providers who you hire to do the services in pet care? >> in north america all of them go through a background check. they have to fill out a profile. they go through a human and technical review before they are approved on the website. that process includes references. in europe we actually do have a verification through a similar process as well. mostly pet lovers. people do rover in addition to their primary income. we attract people who love animals and would love to spend time with animals. for most people it is not primary income.>> we have talked about how much
. >> france, uk, spain, italy. we are in eight countries in western europe. >> what does it cost if i have a dog or let's say i have two dogs and i need.walking twice a day for five days, and i wanted to spend a little time with my dog because i'm going to be away. what does it cost? >> for dog walking 20 or $25 per walk is typical. drop-in visits might be a little less. for overnight services $35 or $40 may be more the norm. is >> how do you that the providers who you...
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Nov 17, 2023
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in the uk, retail sales following unexpectedly last month and revised figures showing september's drop was worse than first estimated. and sales of volvo cars falling to a record drop overseas. the holdings are at a deeper discount price. >>> coming up on the show, the one word that every investor needs to know today. and the stocks heading into the holiday shopping season. we'll be back after this break. all that planning has paid off. looks like you can make this work. we can make this work. and the feeling of confidence that comes from our advice? i can make this work. that seems to be universal. i can make this work. i can make this work. no wonder more than 9 out of 10 clients are likely to recommend us. because advice worth listening to is advice worth talking about. ameriprise financial. meet gold bond daily healing. a powerhouse lotion that moisturizes, heals, and smooths dry skin. with 7 moisturizers & 3 vitamins. and... new gold bond healing sensitive. clinically shown to heal & moisturize dry, sensitive skin. gold bond. (adventurous music) ♪ ♪ ♪ be ready for any market
in the uk, retail sales following unexpectedly last month and revised figures showing september's drop was worse than first estimated. and sales of volvo cars falling to a record drop overseas. the holdings are at a deeper discount price. >>> coming up on the show, the one word that every investor needs to know today. and the stocks heading into the holiday shopping season. we'll be back after this break. all that planning has paid off. looks like you can make this work. we can make...
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Nov 28, 2023
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similar for the ftse 100 in the uk. investors reviewing kmecomments from the ecb. christine lagarde spoke before parliament and they were not starting to think about cutting rates. today, another ecb member saying rate hikes are not necessarily over. perhaps that digested by the investment community in europe and contributing to the sentiment in equities. breaking it down by sector, you see a particular selloff in media and food and beverage and heal healthcare. household goods sector down 1.5%. oil and gas is also holding up .40% ahead of the opec summit and cop-28 summit. the banks are up 15 basis points. overall, frank. downbeat start to trade this morning. >> thank you, julianna tatelbaum. >>> we are going to turn our attention to china. the country's central bank charting a new path with the world's second largest economy. the pboc expects to see the 5% growth this year. we have jp ong with more this morning. >> reporter: good morning, frank. to be fair to china, it is possible they have a very high chance of hitting the 5% gdp target. so far, for the first ni
similar for the ftse 100 in the uk. investors reviewing kmecomments from the ecb. christine lagarde spoke before parliament and they were not starting to think about cutting rates. today, another ecb member saying rate hikes are not necessarily over. perhaps that digested by the investment community in europe and contributing to the sentiment in equities. breaking it down by sector, you see a particular selloff in media and food and beverage and heal healthcare. household goods sector down...
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Nov 3, 2023
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when it comes to the core markets, we have .25% in the uk, france and germany. let's look at the sectors. oil and gas and healthcare and insurance names declining. the insurance companies starting to report today. to the upside, awutos up 1.7%. travel and leisure up 1%. de dea delving into the moves of the stocks on the upside. volvo out with a gain of 10% in the sales numbers in october. that is 59,861 cars sold. fully electric cars rose and hybrid fell. forecasts were electric vehicles. that has moved the needle on volvo cars. siemens energy is up. the down side moves are axa on earnings. the company out with numbers. swiss re and munich re on the tape today. novo nordisk with the supply chain issues being a feature. that stock is down. exaccelerating to the down sides maersk. it missed expectations on the volumes and freight pricing. question mark over the share buyback program for 2024. the stock suffering. the one that is accelerating to the upside is 5.7% higher with silverlake reporting to buy this nexi company. there is something interesting with the i w
when it comes to the core markets, we have .25% in the uk, france and germany. let's look at the sectors. oil and gas and healthcare and insurance names declining. the insurance companies starting to report today. to the upside, awutos up 1.7%. travel and leisure up 1%. de dea delving into the moves of the stocks on the upside. volvo out with a gain of 10% in the sales numbers in october. that is 59,861 cars sold. fully electric cars rose and hybrid fell. forecasts were electric vehicles. that...
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Nov 24, 2023
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here in the uk, the ftse 100 is trading lower by about .10%. this is actually despite positive data with pmi which was released yesterday. over in the rest of europe, the dax in germany is trading higher. similar moves in farance. when it comes to the broader market, we are tracking comments from the ecb which released minutes suggesting that the central bank has not ruled out the possibility of further rate hikes. that is one for us to monitor here as well. i want to show you the corporate moves we are tracking this morning. particularly when it comes to banks. barclays is reportedly working on a $1.25 billion cost saving plan which could include 2,000 job cuts. that is according to reuters which says managers are reviewing plans to increase profitability primarily by making cuts within barclays execution services. the division tasked with improving efficiency. i want to show you the equity session in asia wrapped up. the fact we had lower volumes in the u.s. also had an impact over in asia where we saw muted levels of trading. i want to menti
here in the uk, the ftse 100 is trading lower by about .10%. this is actually despite positive data with pmi which was released yesterday. over in the rest of europe, the dax in germany is trading higher. similar moves in farance. when it comes to the broader market, we are tracking comments from the ecb which released minutes suggesting that the central bank has not ruled out the possibility of further rate hikes. that is one for us to monitor here as well. i want to show you the corporate...
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Nov 20, 2023
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cac 40 is up .30% we will get the autumn statement from the uk government which is the update on the spending plan. this is interesting after the cabinet changes that rishi sunak made last week including the former prime minister david cameron to the cabinet of leaders. one stock is dragging on the dax this morning this is a huge mover bayer. the chemical and pharmaceutical giant. stock down 20% this after the company had to halt a late-stage trial of the anti-clotting drug due to efficacy they had to halt that trial which was an interest to the investment community bayer had to pay $1.6 billion in the trial with the round-up weed killer frank. >> julianna tatelbaum, thank you. great to see you >>> we are going to stay on this with big money movers. the gm driverless car unit ceo is stepping down after the volu voluntary recalls of the robotaxis following incidents that drew criticism from officials. >>> meta platforms is disbanning the a.i. division. that is over the safety of the ventures as they are developed and deployed most will work on the generative a.i. division. >>> and bla
cac 40 is up .30% we will get the autumn statement from the uk government which is the update on the spending plan. this is interesting after the cabinet changes that rishi sunak made last week including the former prime minister david cameron to the cabinet of leaders. one stock is dragging on the dax this morning this is a huge mover bayer. the chemical and pharmaceutical giant. stock down 20% this after the company had to halt a late-stage trial of the anti-clotting drug due to efficacy they...
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Nov 9, 2023
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you see the likes of schneider electric up 6% today equally with the uk banking stocks taking beats to the down side i'm just wondering from your standpoint how the european earnings are looking from the u.s. at this point >> when we talk to our fundamental teams which pick stocks globally and in europe, you have to be careful with the stocks you pick. you also see the themes around electrification and the climate transition those stocks have come off a long way and looking very a track tattractive now >> on that note, we will shift attention to the payment space we will say good-bye to you. colin graham at robeco >>> speaking of companies that don't need good news, nexi confirmed the full-year outlook with the 5% jump of the third quarter revenue year on year the fintech company met expectations for the quarter despite slower summer activity adyen cuts medium-term sales targets. the payments company said it will improve the core profit margin to above 50% by 2026. look at the share price move up 30% joumanna, coming back to colin's point. at the moment, it feels like it doesn't take a
you see the likes of schneider electric up 6% today equally with the uk banking stocks taking beats to the down side i'm just wondering from your standpoint how the european earnings are looking from the u.s. at this point >> when we talk to our fundamental teams which pick stocks globally and in europe, you have to be careful with the stocks you pick. you also see the themes around electrification and the climate transition those stocks have come off a long way and looking very a track...
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Nov 27, 2023
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and uk central banks not looking to cut rates with the pound at three-month high versus the dollar. u.s. dollar index at a three-month low. instead looking at precious metals and other commodities heading into the new year. joining blake financial chief investment officer, peter. thanks for joining us. the last little upleg in the stock market started with the cpi report for october, which was on november 14th. it seemed to get everybody on board with the idea that disinflation is well in train. you had bond yields on the ten-year treasury back off. so that seems to solidify this idea that inflation seems like it was 2022's problem and the fed is done. do you take issue with that? >> no, not right now. certainly the moderation is lending support to the belief that the fed is going to cut interest rates by 100 basis points through the end of next year. i also think that's a major catalyst for the stock market rally. who doesn't want to miss a fed is done rally? the real question with inflation, after this moderation, because that's what happens, you get an inflation spike and you get
and uk central banks not looking to cut rates with the pound at three-month high versus the dollar. u.s. dollar index at a three-month low. instead looking at precious metals and other commodities heading into the new year. joining blake financial chief investment officer, peter. thanks for joining us. the last little upleg in the stock market started with the cpi report for october, which was on november 14th. it seemed to get everybody on board with the idea that disinflation is well in...
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Nov 8, 2023
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ebay receivinged a little bit of softening in september and ept especially in the uk and germany. this comes after a bearish view of rival it etsy. the job marketplace company upwork issued strong earnings sales guidance for the rest of this year. >>> time to look at headlines outside cnbc. phillip mena na with the very latest. >> let's begin with the latest international fallout over the israel/hamas war. on tuesday night the house of representatives pass a resolution censuring congresswoman tlaib who was accused of calling for the destruction of israel. she says her positions have been distorted. it comes as israel marked one month since the october 7th attack by hamas. >>> the latest results from election day continue to roll in. nbc news projects that ohio voters have passed issue 1, having the right to access abortion care into the state's constitution. >>> meanwhile two incumbents in the south were given second terms by voters. kentucky's democratic governor andy beshear has won re-election while mississippi republican tate reeves survives a challenge from dem cath brandon p
ebay receivinged a little bit of softening in september and ept especially in the uk and germany. this comes after a bearish view of rival it etsy. the job marketplace company upwork issued strong earnings sales guidance for the rest of this year. >>> time to look at headlines outside cnbc. phillip mena na with the very latest. >> let's begin with the latest international fallout over the israel/hamas war. on tuesday night the house of representatives pass a resolution censuring...
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Nov 29, 2023
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there's a political situation going on between the greek prime minister and the prime minister in the uk. do you worry about what that means between investments between the two countries? >> no. i -- how should i put it? when you're under a lot of pressure, sometimes, you know, you lose your -- what's the expression in english. >> say it in greek and we'll figure it out later. >> lose your marbles, but that's temporary. >> maybe the marbles will come back to greece though. i'm goungs to get you in trouble now. >> not at all. that's what we're hoping for. >> yianos, thank you for coming on. yianos kontopoulos of the athens stock exchange. if you have anything you can follow us on x and our street ha handle. >>> we're going to be crossing over where the conference in paris is taking place. charlotte will be speaking with t canada on international trade. we'll be back after this. i knew there would be a lot of orders to fill and i wanted them to ship out fast that's why i chose shipstation shipstation helps manage orders reduce shipping costs and print out shipping labels it's my secret ing
there's a political situation going on between the greek prime minister and the prime minister in the uk. do you worry about what that means between investments between the two countries? >> no. i -- how should i put it? when you're under a lot of pressure, sometimes, you know, you lose your -- what's the expression in english. >> say it in greek and we'll figure it out later. >> lose your marbles, but that's temporary. >> maybe the marbles will come back to greece...
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Nov 10, 2023
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do something like shell, they're moving their headquarters out of the unfriendly netherlands to the uk, and some suspect shell becomes a united states headquartered company. >> you're saying these are major companies in europe, and you're thinking they merge with each other. it's not that if shell, according to what you've heard in the oil batch, is going to buy a mid tier company it's that shell -- you mentioned shell and bp this morning. >> i'm not say i'm hearing that i'm not reporting that i'm simply saying there is chatter in the industry about what these large -- after we got the exxon and chevron deals, okay, everyone says, what's next you look to europe let's be clear, they're under a lot of pressure from their boards, regulators they have a much stricter regime over there shell replaced the ceo the new guy is younger he said we're going to do energy projects where they are profitable not just wind that are outside our core because regulators tell us to. we are going to do the ones that make financial sense bp was saying we're going to get out of oil and gas completely. that ce
do something like shell, they're moving their headquarters out of the unfriendly netherlands to the uk, and some suspect shell becomes a united states headquartered company. >> you're saying these are major companies in europe, and you're thinking they merge with each other. it's not that if shell, according to what you've heard in the oil batch, is going to buy a mid tier company it's that shell -- you mentioned shell and bp this morning. >> i'm not say i'm hearing that i'm not...
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Nov 16, 2023
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rose 11% on the year to 11.4 billion euros as comparable revenue jumped 11% in contrast here in the uk, we're seeing a major slump in burberry shares. the british high end fashion group has warned full-year operating profit will come in on the low end of forecasts amid a global shelowdown in luxury spending in china they've seen a slowdown in september they've also seen a slowdown in sales in the north americas region shares are down nearly 9%, dragging broadly on the rest of the luxury space mike, back over to you >> thank you so much, peerkt it. >>> president biden meeting with c chinese president xi jinping yesterday. the two leaders spending several hours in talks to try to improve relations between the world's two largest economies. they agreed to reestablish military communications and combat the flow of illegal fentanyl into the united states. both biden and xi stressing while the u.s. and china are global competitor, they're not locked into a winner take off face-off. >> we're in a competitive relationship with china and the united states, but my responsibility is to make this
rose 11% on the year to 11.4 billion euros as comparable revenue jumped 11% in contrast here in the uk, we're seeing a major slump in burberry shares. the british high end fashion group has warned full-year operating profit will come in on the low end of forecasts amid a global shelowdown in luxury spending in china they've seen a slowdown in september they've also seen a slowdown in sales in the north americas region shares are down nearly 9%, dragging broadly on the rest of the luxury space...
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Nov 14, 2023
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indicators, what is your favorite i wndicator the quality of economic data is s substantially less in the uk, they just don't believe the numbers anymore on the labor market so it is very dangerous to say, we're going is wait for payrolls payrolls on a survey, 55% of companies refuse to say what theirpayrolls are. so what you have got to do is look at a broad range of indicators and have a framework clearly -- >> give me four or five of them in the dwindling moments we have, what should be the indicators they should be looking at right now >> you have to look at the employer report, new big data surveying, online job surveys. look at what is happening with wage growth and credit card data this all gives you a very wholistic picture of what's going on >> quick last word, steve? >> there's a lot of big data out there. the fed is incorporating some of it it needs to incorporate more of it adp is pointing to a much lower employment gains, as well as our new cnbc retail monitor that shows consumer spending has been weaker and points me to tomorrow where the retail sales report comes out. again, w
indicators, what is your favorite i wndicator the quality of economic data is s substantially less in the uk, they just don't believe the numbers anymore on the labor market so it is very dangerous to say, we're going is wait for payrolls payrolls on a survey, 55% of companies refuse to say what theirpayrolls are. so what you have got to do is look at a broad range of indicators and have a framework clearly -- >> give me four or five of them in the dwindling moments we have, what should...
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Nov 3, 2023
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and streaming service will lay off more than 10% of its workforce and is leaving the australia and uk markets. that's according to an email to staff obtained by cnbc. starz is planning to separate from lionsgate in the first quarter. the two have been one company since lionsgate acquired starz back in 2016, scott. those are your headlines. i'll send things back over to you. >> i appreciate that, dom chu. >>> coming up, a travel stock is soaring. the best bargain in the space. joe recently bought it which means we'll trade it next. ♪(romantic music)♪ (♪♪) (♪♪) (♪♪) i think i'm ready for this. (♪♪) heck ya! with e*trade you're ready for anything. marriage. kids. college. kids moving back in after college. ♪ finally we can eat. ♪ you know you make me wanna...♪ and then we looked around and said, wait a minute, this isn't even our stroller! (laughing) you live with your parents, but you own a house in the metaverse? mhm. cool...i don't get it. here's to getting financially ready for anything! and here's to being single and ready to mingle. who's ready to cha-cha?
and streaming service will lay off more than 10% of its workforce and is leaving the australia and uk markets. that's according to an email to staff obtained by cnbc. starz is planning to separate from lionsgate in the first quarter. the two have been one company since lionsgate acquired starz back in 2016, scott. those are your headlines. i'll send things back over to you. >> i appreciate that, dom chu. >>> coming up, a travel stock is soaring. the best bargain in the space. joe...
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Nov 13, 2023
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hit 10% in october, 11% in the uk. those kinds of sales, jon, were basically unheard of a year ago. >> if you already own one, you have to, i guess, be concerned about the potential resale if you're allowed to resell it. if you got a cyber truck, you may have to hold onto it. >> as we learned. used teslas are upward 20%, 30%, 40%. >> i guess that leaves money left over for things like solar charges. if you get the ev, how much money do you save? >> the real question is what is the sustainable future level of the ev demand and whose level is right? i saw they were out with the all electric volvo f111,000. is there going to be a buyer at that price point? we'll find out. >> i sure hope so. >>> speaking of discounts, airlines have so many seats to fill, you might be able to book a flight for less than 30 bucks right now. airlines scheduled a record 260 million seats on domestic flight. that's if you're willing to travel at off peak times. >> the ev segment has been struggling and so has the travel. >> a ts the same time y
hit 10% in october, 11% in the uk. those kinds of sales, jon, were basically unheard of a year ago. >> if you already own one, you have to, i guess, be concerned about the potential resale if you're allowed to resell it. if you got a cyber truck, you may have to hold onto it. >> as we learned. used teslas are upward 20%, 30%, 40%. >> i guess that leaves money left over for things like solar charges. if you get the ev, how much money do you save? >> the real question is...
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Nov 8, 2023
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and uk regulators approved its block buster drug tirzepatide for weight loss. lilly saying today it expects the drug to hit pharmacy shelves in the u.s. under the name s zepbound. but the launch could take 18 months based on regulator approvals. our next guest calls this the final piece of the puzzle for lilly's weight loss drug rollout. jeff, great to have you with us. >> hey, thank you, melissa. good to see you. >> i think it's interesting -- i mean, you know, it was widely expected that this would get approval as an obesity drug and yet the stock still goes higher, so, what piece of it had not been factored in or is this just the knee-jerk reaction to, it is finally done and so, we're still going to bid the stock higher? >> i think there's a little bit of anxiety about the ultimate approval, if it was going to happen, you know, in november or december, but yeah, you're right. there's no question about the -- about the approval. i think really now the formality of it is that you'll start to see, you know, dtc advertisings, you'll see a ton more commercial rea
and uk regulators approved its block buster drug tirzepatide for weight loss. lilly saying today it expects the drug to hit pharmacy shelves in the u.s. under the name s zepbound. but the launch could take 18 months based on regulator approvals. our next guest calls this the final piece of the puzzle for lilly's weight loss drug rollout. jeff, great to have you with us. >> hey, thank you, melissa. good to see you. >> i think it's interesting -- i mean, you know, it was widely...
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Nov 14, 2023
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circling the shifa hospital for days claiming hamas is hiding inside and beneath that facility >>> uk police arrested a man on a suspicion of manslaughter today in connection with the death of an american ice hockey player in england. adam johnson died after a skate cut his neck mid game. the 29-year-old was a minnesota native who played 13 nhl games with the pittsburgh penguins he was playing for the british knotting ham panthers team at the time of his death. police did not name the man they arrested but said he is in custody. >>> and paris is considering a crackdown on big vehicles in the lead-up to next year's olympic games. city's mayor is going to let voters decide whether to institute a significant hike in parking fees for suvs visiting the city she says the move would make paris friendlier to pedestrians and help the planet. certainly not friendlier to those with big suvs, tyler back to you. >> thank you. >>> ahead on "power lunch," trickle down tensions between the israel-hamas war and on going russia/christie conflict is this discouraging some from traveling? what does it me
circling the shifa hospital for days claiming hamas is hiding inside and beneath that facility >>> uk police arrested a man on a suspicion of manslaughter today in connection with the death of an american ice hockey player in england. adam johnson died after a skate cut his neck mid game. the 29-year-old was a minnesota native who played 13 nhl games with the pittsburgh penguins he was playing for the british knotting ham panthers team at the time of his death. police did not name the...
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Nov 16, 2023
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and the s&p the nasdaq, 14,101 the luxury end of things taking their cue from across the atlantic the uk listed shares right now down 11% revenue growth lower than expectations the company saying it's maybe not likely to meet its previously stated annual profit goals. shares are down 11%, dragging down othering. even raffle lauren and tapestry, down 2.5%. so that luxury end not fairing well today take a look at some of the other big box guys walmart and target in the last couple of days, walmart this morning, both reporting better than expected profits and revenues target, again, down modestly it was up a little earlier today, and walmart was down 7.5% walmart hit a 52-week record high yesterday so the setup was not there but walmart did beat on profits and revenues, but the forecast left things to be destired check out the setup over the year walmart was up 10, 11%, even with the move we're seeing here. target, still down 13%, even with that surge yesterday. so, again, key on this, maybe a bit of a mean reversion play for walmart and target >> dom, thank you very much. investors are on
and the s&p the nasdaq, 14,101 the luxury end of things taking their cue from across the atlantic the uk listed shares right now down 11% revenue growth lower than expectations the company saying it's maybe not likely to meet its previously stated annual profit goals. shares are down 11%, dragging down othering. even raffle lauren and tapestry, down 2.5%. so that luxury end not fairing well today take a look at some of the other big box guys walmart and target in the last couple of days,...
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Nov 16, 2023
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and chinese data earlier in the week the ftse in the uk, the worst performer heading into the close down about 1% right now. utilities, the best sector in the stoxx 600 this morning the group is being helped by seemen's posting records for the third quarter. hello fresh falling on the back of lackluster customer growth and rising costs in the united states and then burberry, that stock being punished, down 10.5%, already weaker for the year. >> yeah. pretty anemic comp growth out of burberry let's get post to post with bob pisani. >> it's been a bit of a pause. install caps leading this week transports leading, banks leading, reits leading as well. this is rotation we're seeing. we were talking about a slightly weaker consumer but i see a strong trend the restaurant group, for example, doing really well this month so far chipotle was $1800 at the end of october. look at this, $2100 right now. these stocks -- restaurant stocks have had a great one. by the way, chipotle has never split the stock. people ask me, why is this $2100? they were never split. it was $300 or so five years ago. ist
and chinese data earlier in the week the ftse in the uk, the worst performer heading into the close down about 1% right now. utilities, the best sector in the stoxx 600 this morning the group is being helped by seemen's posting records for the third quarter. hello fresh falling on the back of lackluster customer growth and rising costs in the united states and then burberry, that stock being punished, down 10.5%, already weaker for the year. >> yeah. pretty anemic comp growth out of...
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Nov 2, 2023
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our international business was up 157% in the last quarter primarily on two countries, canada and the uk. so we have tremendous amounts of white space in color cosmetics, skin care, international and a lot of room for growth. >> that's what i thought. to me your model works pretty much everywhere because your model's up against estee lauder. estee lauder's the price setter. you can come in rather dramatically under them. i respect tremendously what estee lauder, the franchise they've built. but frankly it's not sustainable at these prices. your prices i think some people feel aren't sustainable at this low. i see no reason why you can't keep your prices low the way they are. >> i believe the same thing. in fact that's what our mission is, best of beauty made accessible. we take great joy in bringing that value to our consumers. and it's resonating. >> do you have data that would indicate how much you spend as a consumer product company on actual advertising versus organic and innate because people love you versus what the typical consumer goods packaged company spends? >> we've been taki
our international business was up 157% in the last quarter primarily on two countries, canada and the uk. so we have tremendous amounts of white space in color cosmetics, skin care, international and a lot of room for growth. >> that's what i thought. to me your model works pretty much everywhere because your model's up against estee lauder. estee lauder's the price setter. you can come in rather dramatically under them. i respect tremendously what estee lauder, the franchise they've...
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Nov 8, 2023
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uk retail leading the way with marks and spencer, the big department store topping the stock 600. the stock up by double-digits, hitting a new 52-week high after beating on earnings and upping its dividend. euro zone sales missed expectations. the drop was caused mainly by a sharp drop in sales of non-food products, including online sales. on the inflation front, germany's cpi coming in flat in october hitting a 27-month low. so more progress on inflation, but more worrisome signs for the economy there. can europe pull off a soft landing, is another debate. we debated here in the u.s. we're in better shape than they are in terms of some of the economic data, certainly retail sales. >> some worrisome comments from draghi about the european economy being in recession maybe already. we'll watch that closely. a couple hours into trading here, we have gone red. let's get post-to-post with bob pisani. >> just turned negative. we're winding down earnings season, but very mixed reports here. you want to see how difficult the oil companies have it this year, look at occidental. it's tradin
uk retail leading the way with marks and spencer, the big department store topping the stock 600. the stock up by double-digits, hitting a new 52-week high after beating on earnings and upping its dividend. euro zone sales missed expectations. the drop was caused mainly by a sharp drop in sales of non-food products, including online sales. on the inflation front, germany's cpi coming in flat in october hitting a 27-month low. so more progress on inflation, but more worrisome signs for the...