keep an eye on telia telia, hermes into the open.ou can find all of the stock you on first word go -- and can find it on your mobile app, as well. pay attention to the italian bond market. we are getting a move in bcp's worth paying attention to. it is one of those stories that is bubbling away in the background, but a decent sized move today in terms of yields. we have got quite a big move up in yields for btp. pay attention to that. we will be talking about the market open. we expect at a headline level to not see much action. but there are fascinating stock stories. we are in the midst of a earning season and that is the driver. we will focus on that with the open next. these are the futures. ♪ guy: minutes to go until the start of cash trading. let's talk about what is on the move. the cable rate, static. the nikkei finishing down by 0.3%. the story out of asia is what happened with the chinese market, up by 2%. oil trading 72.84. the metals look like signs of stabilization. the s&p finished down 0.4%. let me show you what is hap

telia said they would strengthen their position in north way.re after that deal was announced. the company confirmed their financial outlook and reaffirmed operational efficiency targets telenor has spending savings close to 1 billion krona this year we are joined by jorgen rostrup, the cfo of telenor your colleague talked in the recent quarterly report about a robust performance in norway's mobile market. how much of a threat to that performance and the future are you expecting after this acquisition of tdc by your rival telia? >> thanks for having telenor on your program they have been a competitor to us for a long time with the different owners. now it appears they will get a new owner. that's fine with us. it's consolidation in norway we have a strong fixed position in norway, and have a large and increasing position, fiber position in norway that's where we are focusing developing our position organically. this is not unexpected this is not for us a big news thing, and we continue with our program. >> you welcome the competition essentially

. >>> and telia acquired the broadcasting arm of bonnier in a deal worth 9.2 billion krona telia expectsto generate synergies of 600 million krona by 2022 and they expect the deal to be completed by the second half of next year. >>> comcast has withdrawn its 5 $65 billion offer for 21st century fox's entertainment assets and thus conceded defeat to disney in the months long bidding war. comcast said it will instead focus on its recommended offer for sky. julia boorstin has more details. >>> the battle for fox is over sky on the other hand is still up in the air. comcast saying it does not inten to pursue further the acquisition of the 21st century fox assets instead it will focus on a recommended offer for sky. comcast currently is the highest bidder for sky with its $34 billion offer. while the door is open for disney to counter, right now comcast is on track to buy 61% of sky the question is whether disney elects to sell to comcast the 39% of sky that fox already owns, and whether bizny woudisnd try to buy from comcast the 30% stake in hulu it owns. for now disney is focused on fox. bo

at theinquisitive telia moment. we are also getting numbers from talis, the electrical systems company. $7.45 billion. that is ahead of the estimates. order intake, $6.33 billion. that seems to be up 5% since the previous time. goal, 1.62% to 1.66%. that looks to be at the top end or shifting higher. they say they see no impact from trade tensions. their acquisition is proceeding as planned, the company says. we heard other reports startingg the e.u. is a full-scale investigation. m&a very much at the center of things. see where we've been in the asian equities session. entirely flat. msci asia unchanged. that does not mean there are not exciting stories. there's plenty going on. tippingese currency through 6.8. the yuan than weekend by the most in two years. combine this with what we heard from president trump, not being happy about interest rates going higher, not happy about the strong dollar. you wonder whether the trade war is going to turn into an fx w ar,. the dollar index did lose some ground on those commen