The u. S. And china are dusting off corporate deals in anticipation. Austria braces for a hotter weekend as fires continue to burn out of control. Thousands are urged to seek shelter. This justin, the u. S. House is voting on the or powers resolution. , as is mostly symbolic resolution that would seek to limit the President Trumps options for military action against iran. House speaker Nancy Pallone says democrats were not satisfied by the administrations justification for last weeks airstrikes that kill a top iranian official. Nancy pelosi saying this is more than a symbolic gesture. We have more analysis, but it seems like a long shot for this to pass the republican held senate. That news just coming in that the resolution has been passed in the house. When it comes to the trading session, it is fading out. Tensions between u. S. And iran. A report suggests that the ukrainian flight was taken down by Iranian Missiles. That did not deter optimism. All three markets in the u. S. Hittin
Mixed bag. The dax is down almost 0. 5 . The carmakers dragging on the dax. The ftse 100 is a different story, up 0. 3 . Some individual Companies Making gains. The british pounds giving back more of the gains of the week, 1. 3075. Pearson up after giving up the Penguin Random house it owns. Lets get to more with luke kawa, Bloomberg Cross asset reporter. It seems like this market is more and more moving on individual Company Names and less on a trade resolution or British Election resolution. Luke definitely. Weve taken a step back from the macro. That we are not really looking ahead to anything. We are just kind of in stall right now, waiting for the rest of the year to play out. Yesterday we tied for the smallest range in s p 500 futures of the year. We are getting a sense that last week was all of the big risk, and no we are winding down. Can year yield climbing higher could be the story of the year as we close it out for one more macro perspective. Vonnie we only have a few more s
Record. Manus it is daybreak europe. The words of the Vice President of the United States of america now open up a new salvo in the trade wars. Those words are the president has made it clear it is going to be very hard for us to do a deal with china. Geopolitics and human rights is the new escalation in trade wars. Nejra it is interesting, the timing of these two stories coming through both having an impact on the markets in terms of the hong kong bill and how that could have an impact on the negotiations. They are going to go back to that may template in terms of rolling back tariffs. We know how much hope there was ahead of that only to be thwarted later on. Highrises of the beijing. We have come here specifically to host some pretty good interviews. The roster is pretty high quality. It is the Bloomberg News Economy Forum. We will speak to the Standard Chartered ceo and the ubs group ceo. We are going to catch up with the Goldman Sachs chairman and ceo david solomon. The former whi
Anna good morning everybody this is bloomberg daybreak europe. Lets get to the numbers from Credit Suisse, this was powerhouse giving us their numbers the swiss powerhouse giving us their numbers. , 12. 8 . Uarter they say that is a strong start to 2018 market dependent activity. Fullyear Dividend Per Share is 0. 25 and swiss franc in swiss franc. Also veryn trading much in focus, that is still 30 of this business, even though they have pivoted towards what management. Of this business, even though they have Wealth Management. They had to liquidate the products related to vix. Getting down the profit and loss 2. 14 2. 1 3ss 2. 13 billion, which looks to be smaller than expected. We will speak to the Ceo Tidjane Thiam later. We will bring that to you in the 6 30 portion of our program. Agricole got credit bucking the trading trend. That is an unexpected increase in their trading revenue. That has defined the trend of the overall industry. 32 ome comes in up 33 . Provisions fall by 15 .
Was made in washington and there are limitations this morning. I am having trouble extrapolating this. We have great guests to do this in surveillance. I have a quote from john dean, from another time and place. Guy lets talk about these markets, figure out what is going on because we are starting to see a little bit of a sense of concerns in assets. Tom this is macrons chart, with the vix still under 10. 92. And there is the euroyen. Is the riskrally, on trade still there . Guy i want to start with the two year, which we are starting to see move. We are at 133 this morning. Are we starting to talk seriously about two hikes from the fed . U. S. Futures on the s p, starting to flip a little bit. The bloomberg pound Index Trading at highs. Tom i just heard matt miller and berlin talk about the lack of reaction. I did this chart for stephanie, just for stephanie. Here is the inflationadjusted dow, back to world war ii, back to 1947. The red circle on the left is the massacre of another ti