(engines revving) >>> a very good morning to you and welcome to storm"street sig" i'm julianna tatelbaum these are your headlines morrison's dips. and reportedly lines up former tesco ceo. tracking european into the red with futures also under pressure china's evergrande shares are suspended in hong kong pending a major transaction announcement with hobson development suspected to take a majority take for $5.1 billion. >>> and the british army will begin delivering petrol today as prime minister boris johnson vows he won't soften immigration rules to ease supply chain issues. >> what we can't do is in all these sectors simplygo back to the failed old model, reach for the lever called uncontrolled immigration. >>> a very good morning and welcome to the program we're going to kick off with a story that's been brewing for some quite some in the m&a space. clayton and rice is set to take over morrisons the bid of 287 pents per share beat fortress' bid by a penny. they will vote on the deal on the 19th of october. let's look how morrison's share are reacting we're in a selling pressure, morri

welcome to "street signs," i'm julianna tatelbaum and these are your headlines >>> european markets broadlythe red and u.s. futures turn lower after the crucial september jobs report misses expectations adding uncertainty to the fed's taper plans >>> but miners buck the trend shooting to the top of the 600 as cyclicals lead, oil majors also in the green as crude prices surge natural gas in focus but british leaders warn of shutdowns unless the government shuts in. the uk's business secretary stopped short of guaranteeing no disruptions to consumers this winter. >> right across the world real supply chain pressures, you've seen the chinese have power blackouts. they're rationing supply here in the uk our job is to make sure there's minimal disruption >>> and global leaders reach a landmark deal agreeing a global minimum corporate tax rate of 15% after years of disagreement. >>> a very good morning and warm welcome to "street signs." let's look at markets this morning. we opened up on the back foot, the stoxx 600 down about 0.3%, but the muted headline figure does mask a lot of divergence we'

. >>> good morning, everybody, and welcome to "street signs," i'm julianna tatelbaum and these are yourdlines european markets slide into the red while bond yields rise to multi-month highs pushing up borrowing costs raising the prospects of central bank tightening. >>> china's gdp grows at the weakest pace in a year but consumption remains strong as september retail sales tops expectations. >>> spd leader takes steps to take over for angela merkel. >> translator: let us together hopefully in the next few weeks not only get a new traffic light government on track but let us renew this country >>> and phillips cuts its full year outlook as sales slide with the company citing supply chain issues the ceo tells cnbc that despite the shortages it's still at an all time high. >> we saw a shortage of containers and we could not deliver as much as we could have we're sitting on an all-time high book but we could not fully realize that >>> good morning to you and welcome to the program european markets starting out the week on the back foot. the stoxx 600 trading half a percent lower this mornin

let's see what's happening overseas, julianna tatelbaum is in our london news room with the key trades, stocks and whatever else is going to on. good morning. >> good morning. in terms of the early trade here in europe, the majority of sectors are trending lower we're starting the week on the back foot but there is a bright spot in the market. the ftse 100 here in the uk is trading higher boosted by basic resources stocks outside of that we have red for every major region the german index down about .2 the french market down by about 0.16%. and red for the spanish, swiss and italian markets as well. we are coming off a good week for european stocks as well as u.s. ones, energy performed well last week, financials as well. this morning investors pausing for breath and die gesting the payrolls report on friday no doubt. we have the basic resources basket out in front, 2.6% higher on the back of that commodities story you just highlighted, oil and gas up 1.3%. travel and leisure underperforming down 1.1%. one stock i want to highlight, asos, the retailer, the company reporting a 6% rise i

right now wti 1.5% upside, $79.52 ice brent $83.22 about 1.5% there as well let's go worldwide, julianna tatelbaum is in the london news room with the look at the early trade in europe. good friday morning. >> good morning, dom european markets this week got a boost of support paying a way for higher after the retreat in natural gas prices we've seen it mull back in european and natural gas prices which is creating equities to move higher. this morning we're in a holding pattern. tracking what you're seeing in u.s. futures with investors seemingly cautious ahead of the jobs report later today. ftse 100, the uk index trading about 7 points higher. but we have red across the board. travel firms have welcomed the uk government's restriction relaxation 47 countries taken off the so-called red list and this was a real deterrent to travel you had to stay in hotel quarantine upon arrival. only seven countries remain on the list we are seeing a bid come through for uk travel names, not a huge amount of movement, this was well telegraphed but a further step in normalization of life here in the uk back to y

we talk about covid so much we forget the flu is also making a comeback julianna tatelbaum, thank you very much. >>> it's now time to get you up to speed on this morning's other top headlines, including the possibility of more regulatory headaches for apple. silvana is here with that and more good morning >> good morning. we're going to start with kathy wood, she's calling out twitter ceo jack dorsey for his comments about theories of hyper inflation coming to the u.s. and the world. the ceo taking to twitter to refute his claims. wood says, quote, there are three sources of deflish fair pressure that will overcome the short term inflation and the long term, including the advancement of ai, creative disruption and a surplus of supplies that will be realized once the holiday season is over. >>> apple in is in the cross hairs of an anti-trust lawsuit from the justice department. they've been hit with a flurry of activity from the doj since the summer apple shares slightly higher in the -- before the open and the s.e.c. is reportedly set to take the reins when it comes to cracking down o

julianna tatelbaum is in our london news room that selloff over the half an hour we've got red across theboard negative momentum. missing guidance early on. now it seems as though global markets turning let me take you to the big movers this morning bank shares taking a hit a beat on third quarter earnings with net profit and the german lender suffered a revenue hit santander posted third quarter net profit results boosted by a reduction of loan loss provisions. not enough to get the stock going. repo heineken reporting a beer sales drop it seems investors are a little cautious over what's to come >> and maybe the only place in the world, at least heineken beer consumption is down. >> a big decision on vaccines for kids we have more. >> the fda advisory panel approves the vaccine to be used on kids 5 to 11 years old. the decision now goes to the fda which is expected to make a ruling on the matter it would expand the use of the vaccine to 28 million kids in the u.s. former vice president al gore launching climate change asset manager. gore was teaming up withi finane yer to vest in so

session around the world, as we see a prime minister transition happen in japan, a decline there julianna tatelbaum is standing by in the london news room with more >> good morning. after that weak september here in europe we started off the final quarter of the year in negative territory red across the board as you can see. we have paired back the losses since the start of the session the 600 opened and plunged immediately this morning we saw selloffs in the parts of the cyclical parts of the market investors came in and quickly bought the dip and we've seen stabilization come through pretty broad based evenly spread losses we have pmis for the euro and uk come through for the final days of september still strong there but supply chain issues remain front and center fresh inflation data for september, 3.4% year on year inflation up from 3% the month before inflation, supply chain issues remain front of mind for investors. a couple hours into the session, nearly every sector is trading lower with the exception of utilities in front a defense tilt to trade this morning. on the down side we have heal

julianna tatelbaum is live in the london news room with a look at the early trade over there and wrappinghere -- or rather getting started in london over to you. >> good morning, here in europe markets are off to a positive start this friday morning after a basically flat week so far we have the majority of regions here in europe, trading higher, earnings continue to be a focal point. investors also keeping an eye on covid cases that continue to rise here in the uk. that's a story people are putting more focus on recently so far investors looking to the rising cases i want to highlight a few big movers for you, starting with lorel. third quarter sales beat analysts expectations jumping amid strong chinese command. the vendi sales came in at 2.5 billion euros in revenue the french media group spun off the most prized asset, the european music and in the auto space renault has warned of production losses due to the global chip shortage but they kept their profit outlook unchanged. we are seeing a pull back in shares down about 1.3% >> thank you very much >>> let's look at some of your morni

let's get to julianna tatelbaum with more on the action. good morning >> good morning. just as you said, u.s. futures are slipping this morning european stocks are also retreating after last week's strong run the main benchmark, stoxx 600 gained about 2.65%, but this morning we are seeing european stocks start out on the back foot the china data overnight no doubt driving sentiment here from a sector perspective. the split this morning the majority of sectors trading lower. the only ones in positive territory, utilities, basic resources and banks. on the down side, household goods is the key underperformer, down 1.3%. and we are seeing hard selloff in luxury stocks the names this morning, red across the board this morning, as you can see 2 to 3% of losses for the names. and that coming on the back of data from china overnight confirming the chinese economy is losing momentum and that's hugely important to the luxury sector back to you. >> appreciate it >>> the top corporate stories be be bertha combs is here with more on that. >> the price of bitcoin is riding high as w

let's talk more about this, what exactly is going on, what people are saying about it, julianna tatelbaum is standing by in london so we're making a big deal about it here. is it a big deal in the media there? >> reporter: it certainly is, brian. and there is mounting pressure on consumers and businesses and in turn on politicians so over the last several days we've heard from a number of european political leaders with people really pressing them to explain how we got here. was this a miscalculation on their part when it comes to storage capacity and the demand situation as it has evolved. we've heard from a number of european political leaders over the course of the week talking to the crisis. what's really happened over the last 24 hours is natural gas prices have retreated here in europe and the uk. i want to bring you to this chart. it explains a lot of the narrative taking a shape right now this is around europe's energy dependency, around 44% of natural gas from russia. so hugely dependent on russia. and yesterday we saw a turn in sentiment, natural gas prices break and begin to dr

several big earnings reports out in europe this morning for more on that let's get to julianna tatelbaum in our london news room. great to see you again >> courtney, good morning. it is certainly a busy morning here in europe we have so many earnings that have come through this morning and european central bank meetings this afternoon. it's a mixed picture in terms of trade. we have had positive momentum build over the past hour or so, so in france, trading at .4% higher the ftse and the swiss market seeing green but still red on the board for spanish, german and uk markets no major policy changes expected at the central bank meeting. but they'll look for clues on how they expect to tackle rising price pressures. air bus shares up 1.8% this morning, they raised the full year's earnings target volkswagen, shares are down about 3% volkswagen has come out saying they are unfortunately going to deliver fewer vehicles this year than hoped, but i spoke to the ceo, and he says that he's confident the worst of the chip crunch is behind us. lastly to ab, which is soaring this morning, shares up m

julianna tatelbaum is in our news room with the early movers, good morning. >> good morning, here in europe despite what has been a generally positive morning for corporate earnings european equities are edging lower. yesterday the stoxx 600 did eke out 0.14% worth of gains, it's fifth positive session the swiss index the only one trading in the green up about 16 bases points otherwise a broad based pullback earnings front and center. so the key movers for you, starting with barkley's the bank exceeded expectations with the third quarter results. and we saw from barkley's the trading in the quarter was bolstered by strong returns in if investment banking the ceo told cnbc he's optimistic about the lender's performance the rest of the year. >> other businesses are doing quite well so we feel very good about the third quarter, very good about the year-to-date for many years we were asked the question, how does barclay get to its target, return on capital 10% or better and i think 2021 will be a pretty strong answer to that question >> unilever recorded a beat in shares, shares up 3.2%

julianna tatelbaum is in the london news room with the early movers good morning, a lot going on you have green on and a lot of red on the board, too. or is that red >> it's a mixed board, we have some green, some red we are seeing markets turn green over the last hour or so i would say overall a muted start to the trading session a number of earnings coming into focus in europe today. the stoxx 600 pulled back about .5% yesterday breaking a three day win streak this morning a holding pattern, teetering around the flat line the key earnings, i think today is about the company stories let's kickoff with dan non, it's reiterated its full year die gans saying it will return to growth in the second half of the year hopefully we can show you a charge of danone beating analysts forecasts coming in higher than last year is eriksson. hopefully we'll get you a check on eriksson. miner bhp left its guidance unchanged. despite a drop in iron ore output a few of the names in focus today and a big week ahead so a lot for investors here in europe to look forward to. >> thank you for the latest in