and china >>> a bitter taste for heineken.hares fizz lower after they say they will come in lower than expected following weak performance in the americas. >>> it is a bit of a mixed picture in europe in terms of equity trade the italian and french indices are trading. we have green coming together for german stocks. the dax trading 0.8% higher. this comes as we've seen a pull back in sterling overnight and again this morning this comes on the back of last night's brexit developments with boris johnson successfully getting approval for his deal in principal but not getting approval for the timetable now the question is how the eu will respond in terms of offering an extension to boris johnson and the uk how long will the extension be let's look at fx markets and see where we stand sterling trading around 1.2855 the euro around 1.11 tomorrow being his final meeting at the helm of the central bank. we'll be looking to that in more detail the europe o is basically flat d of that meeting. looking at the futures ahead of the wall s

let's look behind the heineken numbers.h net income coming in at 1.60 7 billion euros for heineken. organic beer volume up 2.3%, in line with the estimate of 2.3%. the red headline coming through is that third-quarter organic be volume, up 2.3%. delving into these numbers, some expectations were there could be a weaker quarter likely due to the weather and the u.s. market. heineken expects to grow operating profit organically about 4%. that is the guidance we are getting. also getting headlines through from another company. guidance for 2019 is maintained. trying to get some more details on this as we go through these numbers coming through. it still sees full-year 790,000 tons. that guidance maintained and the to0 production expected 725 755,000 tons of copper. let's get bonds and futures. not a lot of headline movement on the stoxx 600 yesterday. s&p dropped below 3000. a little softness in u.s. futures. in europe, ftse 100 trading flat. there is a con the fact. dax and cac futures come off a little. in the bond markets,

heineken addicting growth will slow.set by double-digit growth in asia. nejra: thank you so much. joining us now in london is michael purves. great to have you with us. season,arly in earnings 20% of the s&p 500 reporting. what do you do and a market where the s&p 500 is swinging gently around 3000? separateyou have to the developed market political risks like brexit from the fundamental stories and recombined them in a coherent way. that is difficult. when you look at brexit, you could have the most 10 brilliant people in the world staring at the data trying to get a trade on and it is like staring at a roulette wheel. you cannot get an edge. you have to recognize this persistent overhang is part of that. on the fundamental side, the earnings will be one more pretty good quarter. earnings estimates for the quarter are too low or 12 months more if they are too high, i think the buy side has figured that out. unless there is massive surprises in the tech sector, the earnings season will come in , almost in an uninterestin

we are seeing heineken and others showing down drafts in the profit picture. bud cut its forecast. in asia. hong kong protests, people not going out and drinking beer. civil unrest there. so is this an issue for the beer industry, wow, look at that, down 10%, 11%. again, bud is feeling it right now. ashley: millenials drink hard seltzer. liz: that could be it. right. ashley: next case, virgin galactic, that is richard branson's foray into space, looks like they will be going public sooner rather than later. that's interesting. deirdre: it is going to trade on the new york stock exchange so worth noting there. of course, the idea here is to raise funds, they're looking to raise by the listing about $800 million. as we know, branson's vision is to have space tourism. so apparently, he has 700 customers ready to pay, more or less committed, $250,000 a head to go on a 90-minute trip to just basically go up, feel the weightlessness, look at the curve of the earth, and come back down. so he's sort of in this billionaires space club. if it's branson, bezos, elon musk, so essentially, all