Traveling northbound. Thats the first crash and car fire. It just cleared from this portion of the bay. Another crash, a deadly crash in santa rosa that im also tracking, highway 101 and 12. That connecter is currently closed and two lanes traveling northbound. The second deadly crash this morning, this in santa rosa. Traffic is light in the area. The traffic flows smoothly there in San Francisco. This is not a happy way to start the day, but an important note. Just getting back on the roadway in santa rosa. Closer to the golden gate bridge, things are moving smoothly. What do you have . This morning, as you start out, the techls in the mid60s. In San Francisco, well, thats the warmest spot we had on the map. Its 52 now in fairfield. 61 degrees in san jose and palo alto. Morgan hill, 57 degrees. A look at todays high temperatures will be upper 80s to low 90s. Still a really warm day. I dont think well be setting anymore records. Well talk about the records we broke yesterday in a few m
Anna a very warm welcome. This is bloomberg daybreak europe. Manus delivering the numbers. Francs,ion swiss penciled in by the market. Through, 22. 1 percent. Global growth will remain strong in the Fourth Quarter. Withue coming in line estimates. In terms of the net income looks to be a bigger force. The Global Markets division that we will break down. The trading divisions at parabas and barclays came under pressure. Some breaking news. Numbers are getting from elsewhere in the financial sector. Ing giving firstquarter numbers beating estimates. Underlying pretax profits to billion euros, the net income number 1. 3 8 billion euros. In the Third Quarter, that is above the estimate. A ratio of 14 point 5 . This is the biggest debt to lender, ing and the business is cutting costs to ease pressure on revenue because of the low Interest Rate environment. When youre into the plan they want to achieve 900 Million Euros annual savings by the end of 2020 one. They are limiting jobs and invest
President decided he notified james mattis. Thats what you guys worry about. They are focused on the tax plan. They are prioritizing middleclass tax relief and then of course creating jobs. But all people heard is something that the president himself talked about today which was maybe the wealthy might have to pay more. I recall and im sure you guys you also during the Campaign Year and half ago he mentioned that and said i am wealthy i may have to take more in taxes. At least it appears between them in now. It has been a crazy month in dc. Not for the Federal Reserve. The latest statement on race unchanged. They did signal once again that it will start shrinking the Balance Sheet relatively soon. The markets and you can see these intraday pictures here. They started to fall and then you can see the first fall and then it started to hit a couple of peaks and now heading back down to lows of the session. Shortly after hitting session lows they rebounded. What do we see here. Guess what
Broadbrushating the market moves today. Down by over 1. 4 . Mixed fare for the currencies. Bond yields declining, gold rising today. The earnings season continues, shrinking returns from investments contributed to a 25 drop in secondquarter earnings. Still a beat underscoring the challenges of the new chief seeks to reverse three years of falling profit at the worlds biggest reinsurer. He has yet to outline how he plans to return to growth as catastrophe claims way on prices. Shares down 2. 5 today. Germanys biggest Renewable Energy generator underlying its 40th profit outlook, boosting investment as growth beats estimates. It will present an updated growth and Investment Strategy with fullyear results after decided to increase its dividend eont jan separated separated its conventional power plant business last year. The fourth best performer on the dax this period. That is eon. Of 95 billionoan euros to euro area banks in 2007 was the initial response to the financial crisis that woul
Seems less palpable than others may grasp. These words may always be on the tip of your tung if youre investing on days like today. Nasdaq declined. 37 . They help you avoid the real pitfalls all investors face. The late great mark haynes said. Eight years ago this week. I love that call. I hoped you did too. It was based on haynes recognizing the risk reregard had gotten out of wlak. We had seen a kre sen doe that was way too loud and way too yun formed. Remember, this was 2009 when the dow was around 6,600. It is one of the best if not the best in history. To give you some context at that time i had been negative on stocks all the way down at one point telling people if you needed money in the next five years you should pull it out of the market. Here is haynes down from when i said that. As fearful as you might have been the big decline had become too unsustainable. It wasnt time to sell anymore. It was time to buy. Buy buy buy. I will step out on a limb here. I dont think we are at