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Bloomberg Surveillance

Pond: Correlation between oil and headline inflation

Bloomberg Surveillance

Bloomberg

News, Business News, Investing, Business

3.81.2K Ratings

🗓️ 26 April 2016

⏱️ 11 minutes

🧾️ Download transcript

Summary

Pond: Correlation between oil and headline inflation

Transcript

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0:00.0

Broadcasting live to New York

0:05.0

blubberg 1130 to Washington DC

0:08.0

Bloomberg 991 to Boston

0:10.5

Bloomberg 1200 to San Francisco1st. To the country, Sirius XM Channel 119,

0:17.0

and around the globe, the Bloomberg Radio Plus App and Bloomberg.

0:21.0

com. This is Bloomberg Surveillance.

0:24.0

Good morning it is 7.30 on Wall Street. I'm Michael McKee, along with Lisa

0:28.9

Abruitt sitting in this morning for Tom Keene. It's an earnings day, lots of numbers coming out,

0:34.0

just crossing the Bloomberg, 3M Company, earnings for share of $2.5

0:40.4

cents, net sales of 7.41 billion that exceeds the estimate of 7.32 billion

0:47.6

the consensus of analysts surveyed Proctor and, fiscal third quarter profit topping estimates.

0:54.3

86 cents a share, excluding some items.

0:56.7

Analysts have projected 82 cents.

0:58.2

Sales, though, down 6.9%, 15.8 billion.

1:01.6

That was the estimate.

1:02.9

DuPont, going to merge this year with Dow Chemical, raised its earnings outlook for the year to

1:09.3

buy 10 cents this year, to $3.55, $3.20.

1:13.3

Fiat Chrysler earnings a few moments ago,

1:16.0

on a European basis, sales were $26.6 billion

1:19.9

euros, not quite as high as the 27.7.8 that were forecast. So lots of earnings and

1:30.4

of course can't in Moscow throughout the. We'll have all those for you.

1:33.2

But first, we're going to check in with Michael Barr and get the latest world and national headlines.

...

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