Anna very warm welcome to bloomberg daybreak europe. From here in london. Let us get straight to the numbers in ubs. Profit has increased substantially. Let us talk through how well they have done over the estimates including a rally in equity boosting banks security. You seeof those areas substantial improvements. Increasing profit year on year. To give you an idea of the uplift in profits, fourthquarter pretax profit 848 million swiss franc versus 234 million swiss francs, the same period a year ago. Inus is on the ground switzerland talking to the ceo of ubs at 6 45 a. M. London time. Let us pull up the risk radar. Show you where we are on various metrics. The boj is evident here. Substantial weakness in the japanese currency coming through this morning. To buy is stepping in bonds. Aiming to keep the 10 year yields at 0 . Away, therried Japanese Central bank stepped in to bring that back down. He boj meets next week no changes expected. Cpi data out of japan. We will discuss those
About thislked yesterday, wide trunk would get the mexicans to cancel the meeting. It is very confusing. We dont know why he decided to put mexico front and center. Questions about mexico and a 20 border tax is what everyone is talking about, and today again he doubled down, insulting mexico and talking about the need for the wall. Johnson, what will theresa may learn from this exchange about how to negotiate with donald trump . She will not be responding on twitter. Guy she has to try to make this a calm affair from the british point of view. She is here to do a number of things. Some of it is domestic politics, and that is maybe where we will talk about trade. Some of it as well is to come here and convince the white house, donald trump that he needs to engage with the international community, that he needs to establish a relationship with a traditional architecture for security, and that is really what the british Prime Minister is here for. It will help with brexit, but i think the
About thislked yesterday, wide trunk would get the mexicans to cancel the meeting. It is very confusing. We dont know why he decided to put mexico front and center. Questions about mexico and a 20 border tax is what everyone is talking about, and today again he doubled down, insulting mexico and talking about the need for the wall. Johnson, what will theresa may learn from this exchange about how to negotiate with donald trump . She will not be responding on twitter. Guy she has to try to make this a calm affair from the british point of view. She is here to do a number of things. Some of it is domestic politics, and that is maybe where we will talk about trade. Some of it as well is to come here and convince the white house, donald trump that he needs to engage with the international community, that he needs to establish a relationship with a traditional architecture for security, and that is really what the british Prime Minister is here for. It will help with brexit, but i think the
I am tracy alloway. This is Bloomberg Markets middle east. We have to talk about Donald Trumps executive order. Temporaryudges have block to the Trump Administration from enforcing that executive order that would have led to the deportation of refugees and visa holders. The order has led to people being detained at airports across the country and has raised anger across the globe. Let me see if i can start with a chart i prepared for this segment. This is one of my favorite indexes. U. S. Migration fear index, a count of certain words in news stories associated with fear around immigration. It is at a record high after trump won the election, so if we assume that text of this executive order has not been stringent enough to make people certain of what it allows and does not allow, it seems like it has been open to interpretation, and given that environment and the worries over migration, it seems like that is causing a lot of problems right now. That is exactly right. The issue is that
And we go through brexit, what is next. Lets check on your data and your markets. We have seen a little bit of an easing of the rout we saw on government debt. Treasuries steadying after a long slide. The kospi, south koreas benchmark rising after the president was. Removed from office. The other thing i wanted to show you which is on the data screen oil climbing from a threemonth low but remains below 50 a barrel. We will get plenty more on the markets throughout the hour, but lets get to bloomberg first word news. Nejra there has been violence south koreas president became the first democratically elected leader to be forced out of office. Icourt upheld parliaments decision to impeach her over a rolen a corruption scandal. It opens the door for park to face jail time and triggers a president ial election within 60 days. Police in germany have arrested a 36yearold man who injured seven people with an ax at duesseldorfs main train station. It happened before 9 p. M. Last night. The sus