Im mark barton in london. Check out whats happening to your european stocks. Near the highest level since december 2015. The stoxx 600 lower today after seeing the highest levels yesterday. In over 13 months. Big day in japan today. The yen weakening. The b. O. J. Boosting purchases of medium maturity bonds underscoring its commitment to maintaining its yield curve target. Sterile down against the dollar ahead of the big maytrump showdown. Well call it a meeting. Gold is lower today. Falling for a fourth day. That is the worst run since november heading for its first weekly drop. Investors favoring riskier assets, still gold up 5 in 2017. Lets get to the news. U. B. S. Profit more than tripled in the Fourth Quarter. Profit 848 million franks exceeding analyst stims. Shares are falling at the moment. The c. E. O. Ermotti said investors are confident but waiting for reaction from the Trump Administration. The most important thing for me is to see the clients are ptimistic. It is very imp
Mark lets get the bloomberg first word news. Here is sebastian salek. Sebastian theresa may says parliament should be allowed to taking britain out of the european union. Seemed to come after they dumped the pound of a concern the pm was taking a gung ho approach. By a third following the note 7 crisis. The company said profits will come in at 5. 2 trillion one, won, down. Llion donald trump has gone on a twitter offensive, blasting Paul Reid Paul ryan as weak and ineffective. The shackles have now been taken off of him after ryan condemned his comments about women. The nominee continued his campaign speaking in panama city. This election will determine whether we remain a free country , or we become a corrupt, banana ublic controlled by large and foreign governments. The election of Hillary Clinton would lead to the destruction of our country. Againstn fraud charges to a junk rating according to investors. The possibility of an increase in borrowing costs back on the table. He was sum
Will the move restore confidence in what was one of the worlds most valuable banks . Lets get the first word news. Sincenas exports drop february. Pressure on the one. Chairmango ceo and john stumpf has stepped down. Public outcry over accounts. He helped build the firm into the worlds most valuable bank h rockets driven by profits driven by crossselling. Kim snow will become ceo. Croatias president says the departure britains departure from the European Union on affected trading block. The country will remain anchored to europe. It is for you to decide whether it will be a soft or hard brexit that i would assume that the connections will remain very close area. U. K. Housing market strengthened after the shock of brexit faded. That is according to the Royal Institution that says values also continue to decline in central london. Incur government Prime Minister cut short the provincial trip to return to bangkok saying he was prepared for an audience with the crown prince. Concern over
Lets get straight to the bloomberg first word news with taylor riggs. Taylor republican president ial nominee donald trump is pushing back against allegations of Sexual Assault. The womenhe says accusing him of misconduct were lying at a rally in florida and in two appearances in ohio, calling them vicious and false. He is back on the campaign trail today with two appearances in north carolina. In europe, the president of the European Union is offering a stark choice to the u. K. Hard brexit or no brexit, take your pick. Donald tusk delivered his hardline stance in brussels, signaling that the departure may take longer than two years, and it is when theresa may realized it will be painful for britain. And thailand is beginning a year of mourning for the worlds longest reigning monarch. He died yesterday at the age of 88. The government signaled that his only son will ascend to the throne. He was a symbol of unity in the country rocked by 10 coups. He has been ill for years, making limi
Get into my car and, brian, i need a few more days until we get ready for this days power lunch. We dont have the luxury. Welcome, everybody. Power lunch sails on at 1 00 p. M. Eastern every day. Im tyler mathisen. Stocks lower now, but holding steady, off about 42 points on the dow. Four, almost five for the nasdaq. And 3. 75 for the s p 500. Energy, the worst performing sector. Telecom and utilities at the top of the charts right now. Earnings the big focus this week. It is a big week of them for investors, ton of big names set to report. And two at sort of either end of the technology spectrum. Netflix, video, obvious, new media, and ibm, old tech. Theyre out after the bell today. Check out those stocks ahead of the numbers. Netflix down about 1. 5 . Ibm, basically flat. Seema . Hello, tyler. Im seema mody. Here is what else is happening at this hour. Americans hitting the road, the Transportation Department says motorists logged 285 million miles on u. S. Roads in august. Thats the