We have the brexit show coming up, brexit negotiations over last week. Beopean stocks seem to pretty steady. There hasnt been that much move over the last five days. Study after yesterday. Concern that of the u. S. Tax reform plan is encountering stumbling blocks. Gains, asng back some theres not so much of a risk. You can see the vix index up 5 . Heres nejra cehic with first word news. Nejra President Trump has arrived in vietnam and delivered a speech. He said that washington will only make trade deals with countries that play by the rules. Not formally will meet with Vladimir Putin. There has been speculation that the president and his russian counterpart what cost talks today. Letident trump will not the United States be taken advantage of anymore. Put americagoing to first, the same way i expect all of you to put your countries first. The u. S. House ways and Means Committee has approved intervention of tax cut plans. Bill costs have been trimmed, while adding limited Liability Co
Bloomberg daybreak europe. I am anna edwards. Manus ims cranny. We had a slew of earnings before the start of the show. We have more as well. Nus is womens lehmans mbers. They happen rising 11 to 12 . Second quarter, sales profits rise. Sales for the Second Quarter , 20 point 2 billion, the market was looking for 19. 7. There is a comfortable bit coming through and confirming the fullyear outlook. Profits rose 18 to 2. 4 9 billion. Have the wind of business wrapped in and the Health Care Business potentially being ipoed and the margins will be the critical point. Well have a conversation with ralph thomas joining us under 14 minutes time. We will talk margins. We have socgen. Anna the socgen Bank Reporting numbers. That is below the estimate of 863 million. If you added that back end it would be above the estimate but we will see if that is the Way Investors decide to look at these things. Investor Services Revenue up by eight point 8. 2 . They are making an additional Digital Investme
Shares jumped in hong kong as investors rewarded improved capital. Returning bank that more to shareholders and when will it . We will talk about that question. It will be a busy session. An awful lot to think about. We need to talk about what equity european equities will do today. We will see what the fair value looks like on the wei. The ftse look sick it is opening more firmly. Up and the dax up by. 3 of 1 . In aggregate we are opening up. 3 of 1 . That is the story in terms of where we have think cash is day. Ing the guy the where watching carefully a number of things. You have seen the aussie dollar come down. That is the story with the aussie dollar, down by. 2 of 1 . The bloomberg dollar index is up and the dollar is firmer. Solids backtoback sessions for the greek market. I want to show you the next column. This is where gets interesting and this explains why we are seeing what we are seeing in the aussie. Iron ore is down by 8 . Youre seeing an aggressive selling off of the m
Rising supplies in the u. S. And libya. Matt welcome to bloomberg daybreak europe. Our flagship mornings show here in london. Im standing in for manus cranny. Anna todays the day of the queens speech. The name is a little misleading, is not written by the queen, but its delivered by the queen. Is the first glimpse of the legislative agenda that is over the intended next two years by theresa may and her minority government. How many domestic policies does she need . The voting takes place next week. Lots to talk about but more broadly, we need to talk talk about whats been happening in china. Take us through some of the market action. Said there was muted reaction in the market today with chinas msci inclusion, but of course its been long suspected, they tried three times already and failed. Here you can see over the last year a runoff of investors piling into a share etfs before the decision. We talk a lot about buy the rumor, sell the news. Today it was by the rumor and save the news
In south africa is loosening. He will relinquish leadership of the anc at the end of year. And whether he will complete his term as south africas president is uncertain, as allegations of cronyism and corruption pile up around his government. My guest to day it is thuli madonsela, south africas Public Protector until late last year. She exposed a web of worrying connections between the state and big business interests. But are her concerns about to be buried . Thuli madonsela, welcome to hardtalk. Thank you for being here stephen. It is such a honour. Well, i think we have to begin with that explosive report that you wrote and published before leaving the office of Public Protector at the end of last year. It was all about your concerns about State Capture. The idea was that certain big business interest, perhaps individuals, had undue influence on the government. You wanted a fully fledged Judicial Commission of inquiry to be set up within 30 days of your reports publication. Seven mo