From Bloomberg European headquarters in london. This is what we are talking about. And next close of look at the Goldman Sachs global strategy conference right here in london. Manus cranny is standing by with a quick preview. Manus. We got the european perspective, the japan view, next up, u. S. Investing. In. D just popped it is all about share buyback, dividends. Join me in just under 30 minutes for the goldmans view on the usa. Thank you very much indeed, looking forward to that. The ubs chief executive Sergio Ermotti is denying reports that switzerlands biggest bank will spin off its Investment Banking business. He spoke to bloomberg an exclusive interview and shanghai. Ryan chilcote joins us with all of the details. We had a report saying they are thinking about spinning it off. Now, the ceo has poured cold water all over this. Let me give you the background. Ever since Sergio Ermotti took the helm at ubs, he has been cutting back. Is cutting 10,000 jobs, has closed many of the de
Hello. Welcome to todays worldwide exchange. Im ross westgate. And im kelly evans. These are your headlines from around the world. Investors cheer barclays strategic overhaul, the bank is cutting 3,700 jobs, trimming weakness. Inching towards global currency wars, the warning from the world bank will urge economies to stick to a market base Exchange Rate system. And another day, another bank. And were just hours away from president obamas state of the Union Address. Hes expected to call on more tax hikes and fewer spending cuts. Announcer youre watching worldwide exchange, bringing you bes news from around the world. Welcome to todays program. It is tuesday. Yeah. And loreal is talking about the strong euro in france. Right into trading down double digits this morning. Another story in italy, it seems like the entire world press core at this point will be desending on trade. Yes, they will, with the pope and the italian elections. I think it was Something Like 10,000 journalists for th
And stuff. I think the first one they have is a screen one. I think eventually theyll bring out one that has a qwerty keyboard, as well. Netflix, we use this. You can get old episodes of law through your playstation. You can have it put right into your television. See, Video Streaming Service posting a profit of 15 krevents a share. My blackberry makes a sound every time i get a message. Are you kidding . Every time it buzzes, its either itunes or netflix ive bought something. Now, who is doing that . I would assume the kids are doing that. Like every minute. Its like, oh. You know that sounds will annoy you. Thats okay. Can you does it bother you . No. I feel good. I feel like im im going to send you emails. I feel like im involved. Did you see what facebook causes in people . What . Loneliness, envy, jealousy, depression. Here they are sitting in their dpred depressing basement and theyre seeing these people doing these the lives theyre lead sg like, my life is horrible. Did you see
Would die. We want to welcome our viewers in the United States an around the world. Im wolf blitzer, youre in the situation room. An around the world. Im wolf blitzer, youre in the situation room. Nan around the world. Im wolf blitzer, youre in the situation room. Dan around the world. Im wolf blitzer, youre in the situation room. Around the world. Im wolf blitzer, youre in the situation room. This is cnn breaking news. Breaking news this hour, the white house is pushing back against new controversy in the house investigation of the trump camps contacts with russia. The press Secretary Sean Spicer flatly denying the report the administration sought to block testimony of sally yates. But democrats are questioning whether a House Intelligence Committee hearing that had been scheduled for today had been cancelled to prevent yates from talking publicly. This is another cloud over the investigation led by republican devin nunez. House Intelligence Committee chairman. Tonight, nunez is rejec
Look, those down days signify a shift in investor mentality. They now are starting to question whether or not donald trump can execute on some of the most aggressive policies that hes put forth. The thinking is if donald trump couldnt make repeal and replacement of obamacare happen, then why should wall street be so confident about tax reform possibly happening . So youre going to have those questions. Longer term going back a bit further. Were up 13 since election day. A lot of my sources are telling me that is price for perfection, so youre going to have a lot of volatility from here, an that is the story. Were going to have up and down days here on out and that means that donald trump will not be able to tell such a clean story when it comes to the stock market. John . The fact the market bounced back and you saw this boost, does this signal some kind of investor confidence, that the tax reform might actually happen . Reporter as far as tax reform are concerned, most of my sources a