thanks for joining us , matthew beesley. someone has to take a company specific approach to everything. adidas has seen their earnings growth as consumers spend more. we will look in more detail at the challenges that lie ahead for the new ceo. that is up next. ♪ guy: the risk rally is running out of game in europe. let me show you what the european equity markets look like. the dax is a little bit higher, but the stoxx 600 is not moving very much. rally over the last few days, it is unsurprising that we start to see investors housin pausing for thought. let's get to bloomberg first world news. nejra: there is more evidence of a china slow down this morning. the output index covers the services and the manufacturing sectors. down from 60oints points in january. meanwhile, moody's has cut its credit rating after doing the same to the country's government. this is a day after cutting 25 noninsurance outlooks from negative to stable. aubrey mcclendon has died in a car crash in oklahoma city. this comes one day after he was char