host: good morning. this is "bloomberg daybreak: europe." these are the stories to set your agenda. u.s. futures in the green. treasuries holding onto gains as the rotation out a big tech

continues and investors warm to the idea of faster rate cuts from the fed. kamala harris pressures israel's prime minister to accept a cease-fire with hamas and donald trump says he want to beat harris until she is confirmed as the democrats presidential nominee. and a sales beat walking the luxury sector and we will break down european earnings in a few minutes. there is a red headline crossing the terminal with mercedes seeing adjusted ros, an adjustment lower in terms of the guidance, a from mercedes. we had seen a range of 10%-12%. the range is lowered to between 10% and 11% including and in terms of the second quarter

adjusted earnings for mercedes coming in at 2.7 6 billion euros. the estimate had been for 2.8 3 billion. it is a miss in the second quarter for the german automaker and it is a downgrade in terms of their forecast for the full year. in terms of sales that was also a miss in the second quarter. 36 billion, close to 37 but shy of the estimate. in terms of the adjusted ros for the second quarter, that was a mess as well, 10.2 percent versus the estimates of 10.3%. the stock is up 9% year to date it is the exposure to china and the ev models that will be in focus in terms of the details but it is a miss in terms of mercedes. the key chemical maker, another german maker, basf is also a miss. second quarter adjusted earnings coming in below one billion euros.

960 9 million euros. the estimate had been for 1.03 billion euros. it is a must for the second quarter. the china story is also consequential for this chemist -- chemical maker. the cost-cutting in europe remains it says on track. it sees full-year adjusted earnings coming in in a range up to --. the estimates had been for around 8.23 trillion. the top end of the range for the full year and it looks slightly more positive. but it is a miss on sales and on earnings in the second quarter. let's check in on the markets as investors where yup the earnings picture. it is been challenged week on the back of a mixed picture on the earnings front. you have to layer in expectations about rates and the gdp data out of the u.s..

we look ahead to inflation and the court pce gauge and we could see a number three months annualized getting below 2%. there is a goldilocks scenario shaping up stateside according to some in terms of the inflation story coming in lower and growth remaining relatively resilient. european futures currently flat. ftse 100 futures pointing higher by 23 points. as mp futures pointing to gains -- as mp futures pointing to gains and nasdaq futures pointing to gains. the rotation out of mega cap tech and into smaller cap stocks has been pronounced. and has continued stateside. yields, treasuries holding gains and the yields story continues. 4.43 on the front end for the two-year. the yen and strength there.

look at the boj, that decision next week is consequential potentially for the japanese currency. 128 on the pound with some bloomberg analysis adjusting that the services component around inflation then wages is starting to align potentially for the boe to cut next week. let's cross over to singapore where avril hong is standing by with a check on the asian markets. >> this week has been particularly trying for asian equities. a route that has been exacerbated by the rally in the japanese currency. you highlighted that with traders unwinding and reassessing their leveraged bids and also surrounding the ai narrative. that is why you see the taiex deep in negative territory today. the firmness we are seeing in

the nikkei follows a lot of bleeding yesterday and i think a bit of cautious optimism creeping back into risky assets. chinese equities still looking negative. despite the pboc already easing this weekend the easing is something that is prompting the rally to continue in chinese bonds. the 10 year hitting fresh record lows. let's look at fx. as the yen earlier overnight moved off the 152 level following the faster than expected u.s. q2 ddp printer. today we got tokyo cpi. the corporate quickened. and we are seeing the strength coming through. the unwinding of the carry trade is also something that has helped in a way -- the chinese renminbi, despite this it may not last given that the fundamentals are not in the

yen's favor. today the yen was strong suggesting that the pboc does not see dollar weakness as a temporary factor. it could also be expecting a dovish outlook from the fed next week. keep in mind that the yen is a source of leverage. has been funding the rally in tech. i want to highlight this chart that shows the 14 week correlation between the nasdaq and the dollar-yen and it is positive. the number of times it has happened in the last decade, there is usually pressure on tech stocks. keep that in mind as we see strength in the yen today. tom: happy friday. the fed's preferred inflation gauge out later with a headline year-over-year figure expected at 2.4%. let us bring in mark cranfield. what do you and the team and

investors scrutinize when it comes to this inflation data later? mark: the finances part of it will be the most interesting. the number is on the headlines are probably not going to justify a fed surprise in july. it looks like it is too late for that particularly when you take into account the gdp data. clearly consumers are starting to hurt. a large amount of savings that had built up during the pandemic is now gone. and the u.s. employment situation is beginning to deteriorate slightly. you put that together. and for a lot of americans it is a bit more tough than it was an the fed is aware of that. it means when they meet next week they can tee up a pretty good outlook. if we get more data before then, people will start to think that

50 basis points other than 25 could be an objective for the fed. as you say we have had a few contributors saying that they need to get on with it straightaway. including bill dudley. he said they were already behind the curve. with more soft cpi data it looks as though september will be a great cut and may be a big one. in the market is pricing that and you can see the inversion coming nicely out of the treasury curve with a bit more to go in that space. tom: you have been early and calling and putting on the table the prospects for a potential jumbo cut coming through from the fed in september. we are fascinated to see bill dudley and others early on the risk of inflation coming back. mark cranfield, strategist for mliv team. politics and the u.s. -- harris has said she has pressed

netanyahu to accept a cease-fire and warning him about the death toll in gaza. the meeting in washington is their first since the vice president entered the race for the white house. it is a possible departure to biden's approach to the situation in gaza. >> it is time for this war to end an end in a way that israel is take your, the hostages -- is secure, the hostages are released, the suffering in gaza ends, and the palestinian people can exercise their right to freedom, dignity and self-determination. tom: let's bring in bloomberg's vonnie quinn. an important meeting given the context of the new role of kamala harris. what were the key takeaways in the meeting between harris and netanyahu? >> when you think about it, it was a huge meeting. it is just they number two of

her campaign and she is already meeting the israeli prime minister at an important time. and president biden once a cease-fire while he is still in office. he keeps saying it is imminent. he is really prime minister not giving any ground on deciding to keep the war going until hamas is defeated. none of the three, trump, harris and biden are giving up the goal of defeating hamas but there are shades of gray. use all kamala harris signaling an alternate approach to president biden if she was to become the and habitant of the oval office. optics and what she actually does could be two different things but for now she wants to signal a harder line. she has a political incentive to do this and perhaps an imperative. joe biden had alienated demographics in the u.s. including university's students.

she directly to protesters today. they will -- there were protesters in do you see all week and she said icu see you and i hear you. this is important for muslim americans and certain sectors of the youth mode. harris taking a different line publicly and a very public meeting to have on just they number two of her campaign. netanyahu has nothing to lose. he can continue to curry favor with american leaders. he would rather have the u.s. on his side in the war but it does not sway his goals or the outcomes he wants to achieve. tom: this shades of gray being found in the complexities of gaza and israel's conflict. when it comes to the debate question between donald trump and harris, where do we? stand on this are we getting a sense that trump is running scared?

bonnie: -- >> harris used the term backpedaling. trump started monday saying that he would like to debate her and not just once but perhaps multiple times. then we had to wait until thursday to get a response from the harris campaign. she spoke directly to reporters and said literally -- let's go. she wanted to see the split screen in front of the electorate. the first debate was due september 10 with aydin originally involved. a few hours ago, thursday night u.k. time, donald trump's campaign put out a statement saying the democrats are in chaos and we won't agree to anything. it would be imprudent to agree until we know who formally the nominee is. i'm smiling because at this point there will be no challenger to kamala harris. we have to wait until august 16 or august 17 and beyond until

she formally accepts the nomination. it definitely does make him look a little weaker. it does give credence to the backpedaling word used by kamala harris. tom: bloomberg's vonnie quinn joining us out of washington. coming up, is the rotation away from tech stocks, is it taking off or does it have further to run? we will take a look at some of the bigger moves. what a week it has been for equities. stay with us. this is bloomberg. ♪

tom: welcome back to "bloomberg daybreak: europe." is the rotation away from tech gathering steam? the nasdaq 100 down more than 6.5%. investors sell big tech. stocks not in correction territory but not far.

in the russell 2000 has rallied 10% in the last two weeks. let's get the view from tatjana greil castro. good morning. does the rotation out of big cap tech stocks into the small caps, does it have further to run do you think? tatjana: good morning. i think the narrative on tech has changed a little bit in the last however many months and years. the ai focused on revenue and the new inventions that ai would help us to identify and turn for products. in the last few weeks, it was more focused on the cost. there is an enormous increase in cost in order to trade ai and the energy used in the equipment used is so vast and clearly the

valuations, i think there is a healthy correction focusing on the top line and what could come to see -- what do we need to do to get there. tom: a healthy correction at this point is your take. would you be funding a move into small caps by selling down some of this attack? -- this tech? tatjana: when we look at the smaller market, we see they are somewhat protected. when we go away from tech and say -- what are the macro concerns that we are currently looking at? clearly geopolitics is one, the changes in supply chains, tariff risks. when you look at the smaller cap market and we are clearly more focused on the credit side then the equity side, but when you look at the smaller market, then what we see is that they are

more domestic. they have a less complex supply chain. we have seen some of the earnings missed was due to complex supply chains but also they are not depending on european banks and they are less reliant on china. either because the supply chain but also because they are less dependent on the demand from china. you can see that clearly now. luxuries are suffering because of the chinese consumer. but also when you look at economies that are exposed to china, for instance, germany, it is also suffering. when we look at the resilience of the sectors, that is a theme that is shifting as more companies can be more domestically oriented especially

in the u.s., it is a very domestic market. all of those background thoughts are feeding into the smaller companies. tom: let's get your view on the earnings especially out of europe with that lens on credit. you talk about china. goldman sachs said you should be selling down european companies that got most of their revenues from china. talk to us about the credit pressure from some of these companies with that china exposure. is that something we should be gearing up for? tatjana: it is interesting. when you see the earnings results, they may not be as negative as i think the perception is. it is about one third surprised to the upside. it is not negative earnings. there are expectations -- they are high and they are not being

met. that feeds into the equity price then into credit. with equities, what we see is clearly big corrections. that is partly because so much has already been anticipated. and the expectations are not being met. the numbers themselves are not that bad. there are exceptions. it also means that credit market -- with credit we have limited upside. we have a little capital appreciation. it really is the yield we are buying. and so, credit has been very resilient. when we look at the volatility that we as seen in the equity markets over the last few weeks. tom: where do you stand in terms of the synchronization or not between the major central banks? there is a lot of speculation as to whether or not the fed will go earlier than some expect. where'd you go in terms of the

synchronization of central banks? tatjana: the synchronization comes from the synchronization of the fundamental data. inflation is normalizing. it is expected to get to 2%. it is not far. real rates are significantly positive. so there is room to cuts. at the same time we also see that the economies are aligning. when we look for instance in europe, we have strong expectation of recession towards the end of last year but since then it has rebounded totally in terms of economic sentiments and indicators. and clearly the peak we have seen in the first quarter, since then also european expectations have deteriorated. there was never that much room with regards to economic growth

in europe anyway. it is always hovering close to last room of deterioration before it goes into a recessionary period. in the u.s. there is a strong gdp print yesterday. at the same time, a lot of the indicators are slowing down. so i think the synchronization is less because central banks want to synchronize us because of it but it is because the economic picture seems to be synchronizing. and all of those points. tom: really fascinating. tatjana greil castro from muzinich with the view of the central bank send the update as a credit markets and how it ties into the earnings story. coming up, big oil's next move. companies take the brakes off of the vesting fossil fuel -- divesting fossil fuels.

that is coming up. this is bloomberg. ♪

tom: welcome back. a question for you, what would a kamala harris presidency mean for the energy industry particularly big oil which has been tapping the brakes on divesting from fossil fuels. the climate challenge clearly has not gone away and is getting worse. what is behind the decision by big oil companies to hold onto more of their assets? >> divestment activity from big oil has decreased for the last two years i quite a lot. among the companies we analyzed they sold almost $22 billion of assets last year, down 15% from

2022 level. i believe what is driving it is the high commodity prices which i think makes it more appealing to keep producing oil and gas for now rather then resetting their portfolios. tom: what would a harris win mean for this energy transition? >> harris is a supporter for the climate agenda so if she wins there is likely to be a continuity of the biden administration's policy. that means there will be more stringent rules on the industry's production and continued policy support. this in the long-term what support -- which hurt u.s. oil production. meanwhile, it continued policy

support for the transition would accelerate u.s. oil companies' investment into the transition. policies have played a key role. donald trump -- tom: lucy, we have run short of time but that is good analysis on a sector that could be impacted by the changing politics of the u.s. if you would like to hear more from the team, just go to the podcast or to the terminal. there is plenty with so much entertainment out there wouldn't it be great... ...if you could find what you want, all in one place? show me paris. xfinity internet customers can enjoy the ultimate entertainment experience and save on some

of the biggest names in streaming, all for just $15 a month. get the fastest connection to paris with xfinity.

tom: good morning. this is "bloomberg daybreak: europe."

these are the stories that set your agenda. u.s. futures in the green. treasuries holding on to gains as the rotation out of big tech continues. we preview today's key rating on u.s. inflation as investors like the idea of faster rate cuts from the fed. kamala harris pressures israel's prime minister to accept a cease-fire with hamas. donald trump won't debate her son toshi is confirmed as the democratic presidential nominee. earnings plummet at mercedes. weak demand in china. hermes bags, sales beat. and we stay on the earnings story. in the last few minutes of the italian energy giant coming through with a beat in terms of the second quarter adjusted net coming in at 1.5 2 billion

euros. the estimates had been for 1.4 6 billion. it is a beat and this is the redhead, the energy giant increasing its full-year profit guidance. watch the stock at the open. 8:00 a.m. u.k. time as a company increases its full-year profit guidance. in terms of production for this company coming out in terms of barrels produced, higher than the estimates. 1.7 one million. the focus will be on the raise in guidance in terms of the full-year profit. we will get you more details. that should be a stop to watch this morning on another busy day for earnings. let's get to the broader market picture as we weave in the earnings story from the corporate's coming through from europe and the u.s. and expectations that may be the fed is getting closer to a rate cut if not in july it then potentially september. markets are fully pricing in september with 60 basis points

plus. european futures pointing to modest gains of about .1%. it has been a challenged week in europe because of the mixed picture around the european earnings story. s&p futures after losing more than 1% yesterday looking to make up some of that loss. is there some dip buying after the aggressive rotation out of big tech names? nasdaq futures higher by 118 points. the treasury gains have held in the session. 4.43 on the front end of the two-year. investors trying to take into account the high yields before the cuts come through from the fed. looking ahead to the boj decision next week. up .2%. the pound in focus as we lead up to the boe decision on august

the first. are they getting closer to cutting? let's get to the earnings story around the auto sector. wrist 80's earnings plummeting 28% and the second quarter. sales of its passenger ev's dropped sharply and demand in china weaker. the china story echoing through the earnings results. a disappointing week for automakers. let's bring in all over croke. walk -- oliver crook. >> we got the pre-release from mercedes earlier. what we look for is they are not playing the volume play. they are trying to play the higher-margin play. sales volumes down 6%. what they did maintain was the return on sales, more or less in-line what was expected from the market.

year on year, revenue down 4%. net profit down 16%. these are not good numbers. they were all beads from what the market -- beats from what the market was expecting. the analysts had low expectations. they adjusted their return on sales down a little bit. they were hoping for 10%-12%. he reduced it to 10%-11%. they are citing uncertainty in geopolitics and trade. a trump presidency would have huge implications for the auto sector. they are really focused on holding on to the top end of the market where there is not enough, but -- where is not as much competition. we really need to watch the market open because the market has been very forgiving on earnings for the auto sector this week. tom: and it is telling because this is a broad sweep across different parts of the auto

sector. stellantis and mercedes. what a big week for the auto story and the china story echoing and rippling through the earnings. what stands out to you as you look back at the week? >> i think we have the board of how these stocks have performed which tells a huge part of the story. stellantis had its worst day since 2021, down almost 9% yesterday. renaud closed down almost 7%. ford down 18% yesterday. that is the worst day we got from ford since 2008. these are historic moves in the market. nissan down 7%. this is not just the u.s., europe or asia. it is across the auto industry. there are some idiosyncratic stories. porsche, audi and nissan cutting outlooks. and ford with warranty issues.

a lot of this is not new in terms of the industry but this quarter is where the rubber hits the road. volumes are not there and the demand is not there and there is a shift in the ev timeline that has huge ramifications for these companies. they have been focusing on the ev line neglecting other things. have a listen to carlos, the ceo of stellantis who put it better than anyone else could. >> the automakers are under pressure. the auto industry is in turmoil. the transition is immensely challenging. there will be other bumps. this will last for a few years. this is not a short-term turmoil. >> and he was asked about whether or not he might have to get rid of some of his brands and he says there is a huge amount of a crowded market. a lot of brands and companies and the demand is not there. tom: stellantis ceo was very

frank. this is going to last for a period of time, a number of years. and ford getting crushed in the u.s. session yesterday. expanding and spreading from europe to the u.s. thank you. a luxury as well has been front and center but arguably hermes bucking the trend. once again china back in these numbers. the birkin bag maker is weathering the luxury demand slowing better than its peers thanks to its reliance on its wealthiest clients. let's get more from angelina who joins us from paris. thank you for taking the time and joining us on the details around hermes outperforming its rivals. what is it doing well that the other luxury makers are not? >> hello.

hermes caters to the most resilient customer base, the ultra high net worth individuals. these clients typically do not cut back on spending when inflation hits compared to other brands. the bright spots overall in the second quarter, they grew double digits and their two biggest units, leather goods and ready to wear grew double digits but there were pockets of weakness. notably, the executive chairman mentioned the aspirational customers are cutting back on the product integrity for instance of silk scarves. and as you said, china is also the only region that did not grow double digits. but overall, it was pretty positive and he also said that hermes was not noticing any change in demand trends so far

early this quarter. tom: we are talking to you about luxury and you are sitting in paris at the start of the olympic games in the next few hours. was that a question to the ceo? how are the luxury brands thinking about the impact of the games on demand? >> indeed. paris is an important shopping destination. most of the biggest luxury brands have their flagships here. he said typically olympic games historically have not been good for local business, for the host cities. they saw it in beijing and london. we know for instance so far in july luxury hotels have been pretty much empty with occupancy rates sometimes at 15%. that tells you that basically the games tourism is not the same as the normal luxury

tourism. it has been difficult to get around paris. difficult to go from one bank to the other. he said he hopes in the current quarter, other regions of france , the french riviera will compensate for the loss of business in paris. tom: and what about the rest of the sector at this point? >> the rest of the sector -- pretty much we are still seeing the polarization between the strong brands and the weaker brands. however, the surprise in these results was a luxury giant, lvmh , it missed estimates. it's biggest units -- its biggest units grew by only 1%. the bright spot for lvmh was japan. sales soared there in the second quarter by almost 60%. notably chinese tourists are

taking advantage of the week yen -- weak yen to do their shopping there. and the rest of the sector, gucci is still in a turnaround phase as well as burberry. but they also got rid of the ceo. so it is difficult. tom: ok, angelina in paris with a fantastic wrap of what has been a significant week for the luxury sector and hermes holding its head above water. other stories making the news this friday -- a confirmation that meta is interested in buying a stake in the world's biggest eyewear maker. u.s. tech giant intends to become a shareholder potentially building on a years long partnership to develop smart glasses. it is not planning a capital increase in the u.s. -- and the u.s. firm would buy shares on the markets. alphabet shares dropping after

it's open -- after openai said it is launching a test version of its own search engine which would compete directly with google. openai says search gpt will answer questions with more timely information and prominent links to sources. it will be released as a prototype on web browsers and could be added to as best known product, chatgpt. and staying on the generative ai thing, reporting from the financial times that j.p. morgan has started rolling out a gen ai product telling employees that it can do the work of a research analyst. the product is a large language model. it is called llm suite and it gives its employees access to the large language model and will help them writing and summarizing documents according to reporting from the financial times. it can do the work of an analyst.

the question for some in that interest-rate will be to what extent can this replace jobs. apple has dropped out of the top five smartphone makers in china for the first time in four years. iphone shipments slid 1.3 percent in the june quarter compared to an 11% year on year rise among android powered competitors like huawei. the iphone has struggled to sustain its usual popularity in china with retailers of apple itself resorting to deep discounts. it is a big day for france with the opening ceremony for the olympics tonight and we are live in paris with the latest including an interview with an esco -- with unesco on gender alt. gender equality in the sport. this is bloomberg. ♪

tom: welcome back to "bloomberg daybreak: europe." the french caretaker finance minister -- the latest business confidence figures show a sharp drop in sentiment due to turbulent election campaign that deliver no clear majority. president macron has called for a political truce saying he will not appoint a new prime minister until after the olympics. and for more on the olympic games which open tonight officially, let's ring in our own caroline connan who is in paris with a guest. caroline? caroline: i am joined by another amazing guest, gabriela ramos here to talk about gender diversity in sports. you have amusing research. your unesco research shows female athletes only receive 5.4 percent of all sports coverage.

can the olympics change that? gabriela: it is great that paris has the participation of women. the media is so important. the media is just one of the elements that are showing the pervasive nature of gender inequalities in the world of sports. it has to do with media but also lack of representation of women in the top position levels of the federations, a lack of women coaches, 30% of high-performing women athletes have chances to get a sponsor. while men have 100%. i feel it is pervasive and has to do with the structure so we have to tackle many issues. media is basic and refers to all of the elements that put women behind in the sports world. caroline: there is also a big issue of the pay gap. according to unesco there is an 82% pay gap between the highest

paid male athletes on the highest paid female athletes. you have another number saying there is absolutely no woman, zero in the forbes list of 50 highest paid athletes in 2024. how can we reverse that? gabriela: it is like any other sector, you need affirmative action. need to make sure that you legislate because you cannot have different payment for the same effort. second, you need to look at the structure of the incentives and why these things happen and why men are down to receive higher pay. and then you need to ensure that the economic ecosystem that supports the sports is aware of these issues. i feel it is just a matter -- like the nordic states, they legislate for equal pay and all the sectors. caroline: does that mean we have not legislated enough in france,

the rest of europe? are we behind compared to the u.s. or other parts of the world? gabriela: i feel the sports ecosystem is filled with these gaps that need to be addressed. if you look at the french legislation for gender equality and pay, it is super strict in terms of the companies, indicators and transparency. we need transparency and data. at unesco we are launching a game plan for these issues because we don't even have the data. with transparent elements, of how companies are paying and if you don't have the sponsorship how are you going to be competing in terms of the access to the financial support that you need? it is the whole system that needs to be reviewed but it starts with having the data and the tools to change these very per invasive incentives. caroline: you have a lot of data

already. another piece of data i want to bring is you mentioned 80% of female 500 executive but does -- 500 female executives reported playing competitive sports when they were younger. i asked a lot of women executives that we had yesterday on bloomberg tv. how important is it to play sports when you are young i competition level to empower girls and women and encourage them to be a female leader growing up? gabriela: i could tell you a lot of stories that are amazing. this is the reality. sports is the most empowering tool for women. the problem is that even at those school level, 50% of women dropped out from practice in sports even in high school. therefore, this is a strange situation in which you know that sports can bring you to the

highest performing to give you self-confidence. when you see these athletes and the olympics, you don't see that they are men or women. you take -- you see a fantastic human being taking themselves to the limit of their performance. at the end, also the access, the access to coaching and infrastructure and the access to female role models. these are the elements we need to push for delivering on this and yes, high-performing women are sports. caroline: you have a call against violence against women in sports saying around 20% of female athletes report having some kind of sexual abuse or harassment when they were younger. what is your call to end this? gabriela: our call is first to make this unacceptable.

11% of sports females have phased this violence. legislate against it. train the coaches. but also create a mechanism for reporting this because the girls do not have access to a mechanism to reverse the situation. a very strong call for a game plan to end violence against women in sports. caroline: thank you gabriela ramos on this systemic issue of gender diversity in sports on the day of the opening ceremony of the paris 2024 olympics. tom: some pretty shocking statistics there in terms of some of the gaps that need to be closed. caroline connan speaking to arbery à la ramos on the day that the paris olympics officially gets underway later today. there is plenty more coming up. we will set you up for the key inflation gauge, the pc.

stay with us, this is bloomberg. ♪

♪ >> rate cuts are coming. if the fed does not cut until september it will not have a huge effect except when the rate deteriorates you are reinforcing negative feedback, people pullback on spending, further cuts in employment. tom: bill dudley there on the need for the fed to act and inflation later today could inform that view. aggressive rotation in terms of

the russell 2000, the biggest outperformance since 2000. gains of 10% on expectations rates will benefit small and midsized companies, s&p down 5% so that rotation is front and center in the inflation story could push that further. a focus on the earnings is next. this is bloomberg. ♪

with so much entertainment out there wouldn't it be great... ...if you could find what you want, all in one place? show me paris. xfinity internet customers can enjoy the ultimate entertainment experience and save on some of the biggest names in streaming, all for just $15 a month. get the fastest connection to paris with xfinity.

>> good morning from london. i'm anna edwards one hour away from the opening trade. natwest and man group reporting. we will bring you those numbers

and