Talking about this qe policy. The u. S. Hedge Fund Billionaire ray dalio weighed in on the eurozone. We seem to have lost that these of sound but we will be back with it later. My coanchor, Francine Lacqua will be joining us later in the program. She will be bringing us the highlights from that panel. Easy money, tough questions. We will find that these of sound along with the other comments we had. Christine lagarde giving some interesting thoughts on when the fed is going to be raising rates and we were hearing from Larry Summers making sure that Everybody Knows he thinks qe is a good idea and the risk is doing too little, not too much. How does this fit into the banking story . Axel weber believes that the Banking Industry is where the focus should be. Lets focus on the Banking Industry. Joining us now is Anthony Jenkins the ceo of barclays. Good morning. The focus is very much on the Central Banks today. Qe, the big story. Will the ecb deliver and in what form . Is qe the right sol
Yamma, flash boys fame, claim the market was rigged and former australian Prime Minister, kevin rudd. Plenty to discuss with him, from the siege in sydney to the massacre in pakistan and chapter in signer hacking in light of sony and reported likelihood north korea was behind all of it before we get to that lets begin with the markets. In fact, an historic day lack agent nearly 300point gapes for the dow, second session in a row to put that in perspective we havent seen backtoback gains of this point magnitude since december of 2008, same for the s p 500, add 3 points today on top of about a 30point gain yesterday. Again, thats the first time we have seen that in more than five years. Get into this market rally and closing Ball Exchange with the nasdaq also up nearly 2 again today. Ron mullin camp us, jim lowell from advisory investment, hank smith from Haverford Trust and very own rick santelli. Welcome, everybody. Jim what do you make of this snap back . Too much too soon . No not at
Welcome. Youre watching the pulse live from bloombergs European Headquarters. Were here in london. Im guy johnson. Im francine lacqua. It was a beat for barclays. An extra 750 Million Pounds were set aside for the currency probe. Anthony jenkins spokes to us first. This comes back to how do you reshape a beast . Do you cut off the legs . Do you cut off the head . What do you do . Jenkins is trying to put his stamp on this bank. He is dealing with expenses. He is dealing with legacy issues. When it comes to Foreign Exchange, that is a perennial issue. He didnt settle before christmas where he would have got a discount for doing so with a number of regulators. My question is should you gone with the rest of the crowd and taken that hit a little bit earlier. Did he make a mistake . He was quite optimistic though on the overall performance. We are required to provide what we can reasonably estimate at this time. I cant completely say that will be the end of the Foreign Exchange version, th
And access for the greeks . And to the u. K. And what is on the board. Barclays is down 1. 6 . I will have something later from Anthony Jenkins. Probability that profitability is up and beat estimates. They made bigger provisions on Foreign Exchange. 750 Million Pounds of provisions in the fourth quarter. During the conversation jenkins could not or would not you said yes to may Reasonable Estimates and said they were legally binding to do that. They didnt go with other institutions with summative regulators and of when some of the regulators and some of the banks. Was it a missed opportunity . That is the question. In terms of the rest of the market currencies, you mention the aussie dollar a its absolutely on a rip. And rallied 1 at one juncture. House prices are up 14 year over year. Reasons why they have not lowered the rate for as they may need to cut rates at another date. One of our most accurate forecasters suggested in the Third Quarter you are going to see raise up 1. 5 for t
This news that apple could be moving into the auto space along with google . These are some big tech players aiming to shake up the Auto Industry. And they have big piles of cash. On those two fronts, the Tech Companies are in a good position. Where theyre going to their parts from, what kind of engines they were built . He said that they can learn a lot because the cars themselves are starting to become more technology focused. They all have wifi and have an integrated driving experience. But the key depends on how many engines the Tech Companies intend to produce. If they just go with electric, they could get there a lot faster. If they try to compete with combustion engines, it will be a harder road to travel. That the soft the passat won the car of the year. Manus disclaimer, i dont drive a car. Mark we will be back there in a couple of minutes. He is bmws sales chief ian robertson. Manus Mark Zuckerberg stole the show at the Worlds Largest mobile conference last night. He took to