infineon on is a gainer, as well. this is bloomberg. ♪ matt: welcome back to "bloomberg markets: the european open." 10 minutes into the trading day and we see the ftse still closed. it has not yet open for trading. we are told by the lse we will get an update soon on the trading issues, the delayed issues that are keeping us from seeing u.k. stocks trade. mib, otherc, ftse indexes are gaining the we don't see massive gains. 45 points up on the frankfurt in kic -- index. the most likely watched part of the treasury yield curve inverted this week but historically, there has always been a significant lag between inversion and recession, between six months and two years. what have we learned from the past six inversions? it is not until the curve restatements -- resteepens until a recession kicks in. how long until that happens? what can policymakers do? blackrock told european toldrities that -- bloomberg that european authorities should consider cash handouts. what we are proposing is the next step has to be something

joining us is sven schneider, the chief financial officer of infineon.ou for giving time to bloomberg. where do you see sluggish growth in the world? >> hello. i am very happy to do so. that me start with reiterating that this quarter three was in line with what we projected from the revenue side, from the segment result margin, we were slightly ahead of guidance with a 15.7%. if you ask me about the different divisions we are working in, we have clearly , weunicated that we see call it bifurcated situation in the automotive division, our biggest division in terms of revenues. on the classical automotive applications, the car unit related applications, we are seeing a decline and a weaker market, which is consistent to what you have heard from the oems and the car suppliers. in contrast, we have always communicated that the bigger trends, the structural trends, electric vacation of the , wecles, assisted driving continue to see strong demand in all regions, and therefore this is developing nicely. this is the automotive side. and to include on the pmmond

infineon seeing the full-year result margin at 13%.se are the numbers coming through and we've had a lot of numbers through from the semiconductor space, adding to the feeling of a turnaround in the second half for semiconductors. coming up, we speak to the cfo of infineon. matt: we are getting bmw results, as well. in line with second-quarter expectations. analysts were looking for 2.1 9 billion euros. of publishes before taxes 2.20 euros. in line with estimates. euros in billion sales, 25.2 7 billion. in terms of the numbers, hitting exactly. they are in the midst of switching out ceos and to some extent, their strategy toward electric cars. let's check on the markets around the world now. joining us from our team in mumbai and here in london. indian equities are tracking their asian counterparts lower. how much is the fed reaction playing into the market slump there? niraj: good morning to you. yesterday, markets were doing ok and we ended in the green yesterday and hoping if the fed would do somatic for the global markets, those ca

the wall famous band infineon want to destroy their brand new conductor carole petrenko gave a free inaugural concert at the brandenburg gate in ballet and on the program beethoven's 9th symphony enjoy. what. was. surprising people sight for some. money he set up and when there's a flood the water comes up to your waist when you close faster everyone but. the lack of water is equally dangerous. this junk you can't see people not self so they can plant crops and find a few. floods and droughts will climate change become the main driver of mass migration you could not write any going to be snide if you want and probably more typical of. the climate exodus starts september 5th on t.w. . your link to news from africa and the world join us on facebook t w. smiles all around after the final whistle of friday's don't mean came from behind to beat do to promote cyclone 31 that's 2 wins on the bounce this stuff a season for the blacking out as now their rivals need to follow suit. by munich close the gap after they start the season with a troll everyone expects them to make the markets. they really ou

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always -- the qualcomm chip was always superior to the intel chip >> intel bought the business from infineonears ago. it took about five years to get something working so that apple when they started this dispute with qualcomm could design qualcomm out even then, for example, on the iphone 7 generation, you had intel and qualcomm on different models of iphone the qualcomm version always performed better so intel never really caught up to that. my view from apple's standpoint, for the billion dollars they spent to acquire that asset t makes perfect sense, if nothing else to keep qualcomm honest at this point qualcomm is really the only big supplier left that has merchant silicon for 55g, if you're apple you want to protect the supply chain >> bounce along the bottom but evaluations are already high so you want to own them but be selective? we have to go but -- >> that's it the one call we've made over the past couple of weeks is where we have conviction is the apple supply chain -- >> boy them. >> it's apple, some suppliers, skyworks is another one. at least there's something tangible, someth