Nations nuclear arsenals. All of the latest from moscow. Welcome to whatd you miss . Bloomberg daybreak europe, our flagship show from the city of london. Deutsche bank, 50 less than at the height of the speculation of autumn. 1912. 50 ofe bank settles for the number originally expected. Monte dei paschi will ask for state aid from what we understand. I have gathered together the price to book ratios. The red is that of the whole of europe. How decimated is Banca Monte Paschi . 05 . Barely Deutsche Bank trade that. 4 , the blue line, and it has seen a little bit of recovery. The question the market needs to ask itself today, is there a renewed probability of rising values once a state bailout is in place and Deutsche Bank settles with the regulators . Deutsche bank has put 9 billion 2008. Ince 200 defrauding fannie and freddie and mortgagebacked securities has drawn and 46 billion in fines, but this is a state of play. As a proposition to the market, do you see a resurgence . The yield
Shocked wall street initially taking the market lower. Were live for fast money specials ten Year Anniversary week. We could not have better guests. Well talk about trumpts exhibits. And he torched buzz feed for publishing what he called fake news. And tom freston and shane smith will tell us what it means to media coy companies. And banks kick off earnings on friday and Howard Lutnick will tell us why the run is just starting. Were close to the original fast gang. We start off with a wimd day in the markets. The dow like an ekg reacting to every word trump said in his first News Conference as the president elect. Gou mentioning to end the day up nearly 100 while the nasdaq closed at another record. But it was those comments about the drug industry that really hit the markets. Pfizer, bristolmyers and Johnson Johnson all falling. And biotech stocks taking it on the chin. The Group Falling 3 . Until today, biotech are were the best performing groups. Are they suddenly a no touch . And w
Unchanged at the central bank seeks clarity on his policy. What that is being for the country currency . Talking about the yen with mr yen joining us a little later on in the program is eisuke sakakibara. Killed, after a spike on the fringes of europe. Is it too early to ring the alarm . Less than a halfhour from the european open, lets take a look in futures. Manus 00 matt matt futures for europe looking like they turned around substantially. Green across the board. Future sub. 2 . Dax futures rising marginally. The arrows greene after the drop in u. S. Cash rate, asian cap straight, and indeed u. S. Teachers are down. This is interesting that we see this turnaround. Could this be optimism on the banks this morning . We will do another on doddfrank, that is what the president had to say today. A lot about the financials as we work our way through the program. Another thing we are about is the periphery of europe. Yesterday was a really big day in europe. Kind of got buried in the news
Until he got on the board that he tried to leave the company in a position to recover starting with securing that Financing Deal last week. He told me he thinks they have excellent management and now an excellent board and that the investment was simply taking too much time that if shares could double t wouldnt move the needle enough to remain in the stock. Our josh brown was up tweeting about what he called the valeant depockal. What do you make of this story as we watch it unfold . Anyone who runs money will tell you the market gods do not like it when other traders take joy in the pain or the misery of someone who has just blown up or had a bad trade. I feel people who are in it and im sure they will be fine and it is a really, really bad loss. It is a debacle of a stock. It has been for some time, but, obviously, thats accelerated. Some will say as we look at this and ackman told me yesterday he didnt understand the issues at valeant and others say the writing was on the wall and i
Session. Breathing room for Credit Suisse. The lender ceo says he is looking at other ways to raise capital. Him. Going to hear from we are less than half an hour away from the start of cash trading here in europe. It will be an interesting session as equity markets turned around yesterday in the u. S. After a couple days malaise due to the health care failure. Asian markets overnight turned around and european futures gaining. Green. The ftse futures up 4 10 of a percent. Take a look at the bund trade. Littleelds trading a higher. Investors getting out of the safety of german bonds. Right now yielding 0. 9 . Guy lets talk about the gmm. Majors comes to fx, the we will see what happens in europe. A couple things to say. The South African rand move down by 2 . Have relating rerating coming up in april. Big holders of South African debt. A bit of a lead in what happened in london this morning. Back ands are bouncing that could feed into what we are seeing in the london market. We talk ab