novo nordisk shares are topping the stoxx 600 after the company raised its 2017 guidance. the biggest diabetes drugmaker reported a better than expected 10% rise in first quarter operating profit driven by new profit sales and cost cutting. the cfo told cnbc that the figures were promising. >> if you look at the second quarter, we have a higher degree of transparency. for the full year we narrowed the guidance in terms of sales. when we started the year, we said there would be a 5 percentage point interval for sales growth. we narrowed that to 3%. we have increased transparency. >> let's talk about fashion. hugo boss shares are trading near the bottom of the stoxx 600 after u.s. sales fell 7% in the first quarter. the german fashion house's net profit increased 25% and sales were up 1%. hugo boss also reconfirming its 2017 outlook. look at shares off by 4.87%. >>> sainsbury's has reported its third straight year of profit decline, the drop was less than expected by analysts. the british grocer warned competition would continue to remain high in the uk and the impact of pri

lars fruergaard jorgensen, ceo at noble notice -- novo nordisk.you are a bloomberg customer, you get special privileges. you can cap tv . you get so much of me this week that you do not know what to do. you have charts, functions, messages, and everything at the i.b. fontan at the bottom. as much of matt miller, manus cranny, francine lacqua as you can get. matt: up next, polarizing politics. our next guest says the real risk to brexit is the divide it will create in a british society. our conversation with carsten nickel, next. stay to enter our conversation with senator elizabeth warren. she has talked about inequality herself at 11:00 yo u.k. time. presidentcus on trump's recent decision to fire james comey amid the investigation into russian hacking in the u.s. election. this is bloomberg. ♪ matt: welcome back to the european market 45 minutes into training right now. we are seeing almost no change at all in the ftse. down .1%nd the cac each. not a lot of reaction in european equity markets to the news that president donald trump has fired

tough talk onp's drug prices is apparently having impacts, according to the chief executive of novo nordisks the president's rhetoric is leading to changes within the u.s. health care system. novo and sanofi have taken steps to limit drug price hikes. that is the latest bloomberg business flash. ourie: time now for quicktake, where we provide context and background on issues of interest. it's larger than the world economy, poses risks to financial instability, and its name conveys a sense of murkiness. shadow banking is a catchall phrase that encompasses many investing products. even our dealers have become shadow banks making millions in loans to clients buying masterpieces. the common denominator is that these products flourish outside of the regular banking system and often beyond the reach of regulators. regulators are taking note of shadow banking with china issuing a flurry of directives this year to rein in various practices. intohe u.s. stepping up wall street practices. global shadow banking assets grew to an estimated $80 trillion in 2014 with $36 trillion of that deemed risky to

. >>> novo nordisk posting a profit beat and is raising full year guidance. results from sales of new diabetes and obesity drugs. >>> hugo boss shares are under pressure despite better than expected earnings and revenues. the company is calling this a transitional year. >>> twilio shares plunging. they are lowering full-year revenue. they blame uber in part saying the ridesharing company will reduce communication services over the past year. >>> weight watchers beating the street. the weight loss company adding subscribers for the fifth quarter in a row. and mondelez expecting higher profit and sales. it's up 2.6%. this is one i follow. it's a good one for us to talk about. it's a company that 80% of the business is overseas. i talked to irene about the results last night. interesting comments on the macro environment. she said q1 was very messy because of the easter shift. she did say she's seeing a turnaround in russia, germany, southeast asia and mexico all better. what surprised her most was the fast recovery from the india demonetization. also interestin

andh vw and bnp paribas novo nordisk. three stocks to keep an eye on.s is bloomberg. ♪ guy: let us talk about where we think we are going to open. it will not be a particularly dynamic start. very much a market driven by earnings. market of stocks rather than a stock market. let us talk about what the headline numbers look like. up by less than .1%. similar story for the ftse. cac not moving. dax not moving. -- it comes to some of these individual stock market. i am told by people who know more about it that vw was not a nzrprise, but allia was. certainly beating on a number of key metrics. we will watch and see how that open -- that stock opens as well. the political risk and policy risk is still there. andce coming out, remember, the fed tonight. let us libor that. let us show you what is going on. this is the picture, as you can see. just a little bit of a downwards sense of direction for the ftse 100. we said it would be absolutely flat. that is where we will be, but not by much. were the ftse is. the pound has been down overnight. down by .3% on th

. >>> novo nordisk raising its full year guidance. getting a bump from sales of new diabetes and obesity drugs. and hugo boss shares under some pressure despite reporting better than expected earnings and revenue. the company is calling this a transitional year. stock off by 4%. >> coming up apple's quarterly revenue missing estimates on lighter than expected iphone sales. a closer look at the results next and later an early read on the april jobs report. we'll get adp. the adp private payroll is at 8:15 a.m. eastern. "squawk box" will be right back. you think traffic's bad now, the future's going to be a nightmare! does nobody like the future? c'mon, the future. he obviously doesn't know intel is helping power autonomous cars and the 5g network they connect to. with this, won't happen in the future. thanks, jim. there's some napkins in the glovebox. okay, but why would i need a napkin? you could have just told me a bump was coming. we know the future. because we're building it. >>> biting into apple's earnings. shares slipping after