diageo, the world's largest drinks maker, down 3.4%.n concerns around the top run they beat their last quarter results, but it is around concerns of a slowdown in the north america part of their business. analysts say that could be a drag for the rest of the year and the stock is down. that is putting the rest of that sector down as well. st micro came out with a solid beat and you can see the stock is rallying on the back of that. the guidance beat the average analyst estimates. they're not forward is well above the estimates of $3.8 billion. volvo, the truck company, has had earnings with a miss. there's supply chain pressures continue into 2023, currently down three point -- 320%. last week's wall street mayhem was triggered by human error. more details on how that unfolded. this is bloomberg. ♪ tom: welcome back to the open. 53 minutes into your european trading day. european stocks are up about 0.5%. chinese tech stocks listed in the jurisdiction rallying more than 4%, enthusiasm around the reopening trade continues. the mainland r

diageo hit the sales on the spirits. the spirit maker saw the jump of 9.4% the share price is 4.6% weaker today. losing and going to the bottom of the stoxx 600 the ceo told cnbc that people aren't drinking more, but drinking higher quality spirits. >> the resilience we are seeing in spirits growth and premium is enduring through the times we believe we will navigate through the consumer pressures because people are not spending a lot on products. what you drink and what you serve your guests or order at the bar is a special moment. that's where premium has its resilience in the category you see it in the numbers we've just posted. >>> on to the airline business wizz air says they doubled in the third quarter with passengers increasing to 12.4 million. the budget airline posted a 2.8 million euro loss for the period the wizz air ceo told cnbc that volatile energy prices impact cost >> the fuel goes with the market it is a cyclical nature. if fuel prices is up, you price up for it. when fuel is down, you price down agains

diageo disappoints. the bar is really high. guest: i get that point and i think it's not going to be a straight line. what we are hearing from a lot of the earnings results so far is that yes, it has been a quarter that was perhaps better than expected in a lot of ways. the future outlook is a little more uncertain. i'm looking at the longview. we are more likely to see the u.s. economy potentially hitting a recession. but china you would expect it to be hitting its stride in terms of post-covid recovery. we get to the situation where the world's biggest economy is starting to slow down, you might potentially see the second-biggest economy taking the baton for world growth and running with it. guy: isn't it where you start from? europe has promised much but never delivered. it is cheap. america starting this year expensive. guest: that has been true for the past decade. we are starting to see flows turn a little bit for instance, this month so far this european stock etf in the u.s. has been getting early strong inflows. the ca

they say this is a clear buying opportunity for diageo.urity business here in london pushing back of reports set up around some of its practices. saying they have full faith in their practices. stay with us. this is bloomberg. ♪ to finally lose 80 pounds and keep it off with golo is amazing. i've been maintaining. the weight is gone and it's never coming back. with golo, i've not only kept off the weight but i'm happier, i'm healthier, and i have a new lease on life. golo is the only thing that will let you lose weight and keep it off. who loses 138 pounds in nine months? i did! golo's a lifestyle change and you make the change and it stays off. - [announcer] imagine having fuller, thicker, more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or even thousands of hair strands to your existing hair at the root. they're personalized to match your own natural hair color and texture, so they'll blend right in for a natural, effortless look. call in the next five minutes and wh

like casinos, for instance energy, consumer indication services talk about a buzz kill shares of diageo, falling on the back of earnings and concerns in particular about north american growth up next you'll hear from the company's ceo plus his thoughts on inflation, the supply chain, and, of course, the boom in tequila. that's next. [music playing] ♪ imagine something of your very own. ♪ ♪ something you can have and hold. ♪ ♪ i'd build a road in gold just to have some dreaming, ♪ ♪ dreaming is free. ♪ accenture, let there be change. this tiny payment thing- is a giant pain! hi ladies! alex from u.s. bank! can she help? how about a comprehensive point of sale system... that can track inventory, manage schedules- and customize orders? that's what u.s. bank business essentials is for. (oven explosion) what about a new oven, can u.s. bank help us there? we can serve loans in as fast as 12 minutes. that would be a big help! huge! jumbo! ginormous! woo! -woo! finding ways to make your business boom. that's what u.s. bank is for. we'll get there together. 92% still active? seems high. seriousl