Well as in london. We begin with a biggie week a busy week for Central Banks. Bank of japan says they will take on unlimited buying of Government Bonds, lifting the cap also on corporate holdings. I, he joins us now. , kitchen sink, we are still throwing it. Michael Central Banks are all as string the question of what you do when you have throwing the kitchen sink. In the back of japans case, you just make the sink a little bigger. The bank of japan already has negative rates, Corporate Bond and etf buying, and an emergency Lending Program, so they just decided to make those programs a bit bigger. Unchanged at rate 10 basis points. Remember, they do yield curve control. They mentioned they would buy as many Corporate Bonds as they need to and expanding access to its Emergency Loan Program for a wider range of banks. For analysts, theres a bit less here than meets the eye. They dropped their ¥80 trillion limit on Government Bond buying, but they werent buying anywhere trillion, so it d
More positive. Barclays misses First Quarter estimate with 2. 1 million in credit impairments investors navigate unprecedented conditions caller what they are doing at the fed in terms of her majestys and the banks. Well watch two tsunamis hit at the same time. Investment banking provides a boost. Telling cnbc credit losses are manageable despite more pain to come this year will be more difficult than any of us anticipated. We are doing anything we can in anticipation of our risks and costs to preserve the capital that we can. Airbus blaming limited visibilityas 60 aircraft could not be delivered due to the outbreak not as bad as advertised shares of alphabet rally after the Google Parent Company said the slow down is easing, beating more pessimistic forecasts a very warm welcome to street signs this morning. Lets get a check on the european markets trading in the green. It has been a choppy session we saw the stoxx 600 slip below the flat line now. The ftse 100 up about 1 we have the
Nejra welcome to daybreak europe. Lots to discuss in terms of the market moves, but lets get to news. Im ew in at im looking at Third Quarter net. That is a beat on Third Quarter net. Thirdquarter revenue, 5. 0 3 billion euros estimate, 4. 9 9 billion. That is a beat on Third Quarter revenue. 0. 1. 211ratio rises. 7 . Thats what were looking at in terms of that. Really, what were seeing is benefited from higher revenue at the Investment Bank in the First Quarter since the ceo unveiled his new target. We saw the profit rise 8. 9 in the First Quarter since we got those new targets. To give you more context, Credit Agricole shares have been outperforming its larger peers. And coming up on bloomberg, least to the cfo. Catch that interview at 9 30 a. M. U. K. Time. More breaking news. Its guidance to the upper half of the target range. It sees for your operating profits at the high end of the 11 billion to 12 billion euro range. This is key what is coming through here. In terms of what else
After last months massive solar flare added a 25th hour to the day, businesses are wondering what should we do with it . Im thinking company wide power nap. [ employees snoring ] anything can change the world of work. From hr to payroll, adp designs for the next anything. Maria good wednesday morning, everyone. Thanks so much for joining us this morning. Im maria bartiromo. It is wips, may 1st. We have breaking news, 8 a. M. On the east coast. Antiisrael demonstrations on College Campuses nationwide making it more difficult for incoming students and their parents to choose a school for the next school year right ahead of graduation. Madison alworth live outside Columbia University this morning with the very latest. Madison, good morning being. Reporter good morning, maria. Yes, today is may 1st which is College Decision day. Millions of High School Seniors are waking up around the country deciding where they will spend the next four years and a whole lot of money. But they are the also
Deutsche bank slides as the leader warns of a 1. 3 billion euro hole. Japanese currency rebounds sharply after passing 160 to the dollar with the traders citing official intervention. Secretary of state Antony Blinken touches down for fire stalks we will hear from the saudi arabia economy minister in just a few moments. Welcome back to street signs. It is a positive day across europe green on the board the eurozone riding a wave of momentum in part due to optimism from ecb cuts. Take a look at the stoxx 600 up over. 13 . The best day since january and the first winning week over the last month up. 13 . We will take a closer look at the boards we will start with the ftse hitting the fresh record high. It is continuing to power past the 8,000 mark up. 50 . We are taking a look at the cac 40 bnp is on the top of that board. And it is important to note that the dax is in positive territory despite Deutsche Bank weighing down the index well is have more on that in a moment basic resources i