Julius bar opens lower as the slow asset growth and full net profits fail to impress. The ceo tells us he expects the stock markets to fall this year. We will see sooner or later a correction hopefully 5 , 10 , 15 correction another large one. I think thats going to happen sometime in 2018. Another disappointing quarter for ericsson shares hit the bottom of the stoxx 600 after a bigger than expected loss in the chinese market. Build the wall, build roads, get tough on north korea President Trumps state of the union speech takes a hard line on trade and Foreign Policy but hales economic gains this, in fact, is our new american moment. There has never been a better time to start living the American Dream good morning it is wednesday, its fomc day but yesterday was quite a heavy session in u. S. Equities we saw another big drop in equity trading at one point the dow was down almost 400 points, at the end of the day 370 points lower the picture in europe is brighter this morning. We have h
We have our special programming on the backdrop. It really is a market looking for a bid. It wasnt a good day yesterday, but you really wonder where the markets will be when we hear the statement from the fed this afternoon. Francine it will be interesting to see whether they link the markets to the real economy, but first lets get to the first word news. Vonnie thank you. The leaders of an armed group in oregon have been arrested in a violent traffic stop. Among those now in custody, the leader ayman bundy. Amon bundy. They were stopped by fbi agents. Shooting broke out in one of the protesters was killed, another wounded. Irans president Hassan Rouhani goes to france after a twoday business trip to italy. He is expected to meet with Francois Hollande and sign a deal to buy more than 100 planes from airbus. Italy and the European Commission has agreed on a plan to help banks unload bad debt. Italy will work with european regulators, but some are concerned it could constitute illegal s
London. Francine is not here. Shes been talking to santander. First, lets get you up to speed. Nejra Chinas Central Bank is said to have asked some chinese banks in hong kong to suspend offshore yuan lending. According to people with knowledge of the matter, the pboc also asked some chinese banks and companies to collect information about shortselling orders in the offshore yuan market. Tim cook admits he sees in china, especially in hong kong after forecasting apples first Quarterly Sales declined since 2003. Even with the Lunar New Year shopping season, china may no longer offset the broader slow down. Takenbank of scotland has 3. 6 billion pounds of additional charges to cover past misconduct. Th quarter charge includes a 1. 5 billion pound provision in relation to u. S. Mortgagebacked securities. That is your bloomberg first word news. Guy lets check in on the markets. Relatively quiet in some ways. This is the story. Ippingai comp round tr down half a percent. It was down 2 . A bi
09:40 Technology giant Samsung Electronics It also continues this Tuesday Net profit of 6.75 trillion won (about 4.91 billion US dollars) During the first