Retaining the crown of the worlds leading carmaker. We get Third Quarter results in a second on the terminal. Welcome to countdown friday morning. Let us get straight to the breaking numbers. Coming in for the Fourth Quarter, 665 million euros. Of market had an estimate 864 million euros. This is a miss. In terms of the cost reductions, let us get into some of the details. Net income, excluding one off items, came down from 1. 88 a year earlier. They are are saying is targeting a gross reduction of riskrelated assets by some 20 billion euros. This is a bank in transition, net income of 665 the estimate was for 865. 2. That headline very much missing the target for them. Jean is planning to cut as much as 20 billion euros off the underlying assets, in terms of 1. 6 billion additional tax income by 2019. Told bloomberg that while the business is doing well, there are headwinds they have to navigate. We are doing well. We have adapted in the past, but there are pet wins particularly aroun
Im julie haener. Im frank somerville. Sundays super bowl is drawing near. So far the focus is just about shift down to levis stadium. Azenith smith is in santa clara where street closures are already in place. So how close can you get before you are turned away from levis stadium . Reporter not too close. As you can see here, theres a perimeter around levis stadium. The drive is closed in front of the stadium. Officers are working overtime to ensure no one gets inside. Come sunday, all eyes will be on levis stadium in santa clara. Massive vip tents are in the parking lot complete with signage, big screens and a super bowl 50 sign at the entrance of great america. Helen line is visiting from australia and says she has never been never seen anything like this before. Its really different to what we have. It is really grant, big scale. Its awesome. Good exposure. Reporter a Software Engineer works two blocks down. Mostly traffic closures, this whole week driving to work, the normal route
So far the focus is just about shift down to levis stadium. Azenith smith is in santa clara where street closures are already in place. So how close can you get before you are turned away from levis stadium . Reporter not too close. As you can see here, theres a perimeter around levis stadium. The drive is closed in front of the stadium. Officers are working overtime to ensure no one gets inside. Come sunday, all eyes will be on levis stadium in santa clara. Massive vip tents are in the parking lot complete with signage, big screens and a super bowl 50 sign at the entrance of great america. Helen line is visiting from australia and says she has never been never seen anything like this before. Its really different to what we have. It is really grant, big scale. Its awesome. Good exposure. Reporter a Software Engineer mostly traffic closures, this whole week driving to work, the normal route is closed. So traffic detours, lots of loud noise and helicopters overhead. Reporter from the air
The market share that as a result of the sanctions are unlikely to be retrieved and the export product is unlikely to command. The barrels of oil have gone off the market and no one seems to care that much. He talked about his vision of economy that has less dependence on commerce and on the orioles and so he is already signaling from his perspective that National Poverty is a sort of direction as opposed to the global integration so they may have to be able to live with that sort of entrenched Economic Situation for some time to come. On the support for the radical groups i would just say that it is a misperception about iran and the way they power the region meaning that i dont see it aspiring to the secretary and the power and ideological power and if you share it can be hamas you could see hugo chavez. So i think as mentioned thereve been instances in the past where they support the groups in the way of protecting against and provoking the United States and they see perhaps these g
We have got to keep an eye on the United States. Today we have the Federal Reserve, the end of that twoday meeting. Economists expect them to end that considerable time. Instead we will have a datadependent approach. Barclays says they may raise their forecast. This amid the currency crisis in russia, plunging oil prices. Lets check in on oil. It is in a downward spiral. 4 . Up by four it is talking down the ruble and the rest of the emerging markets. Moment,e at the currently the dollar is falling against the ruble. The is after moving from central bank. It is horrid times for russia. A look in at what is exposed to russia. , all three companies exposed to russia and get significant sales. Ult has been trying to of sales of cars in russia to stabilize themselves as the ruble continues to fall. Apple closed their online sales because they say the extreme caused theuation stock to get hit. Lets look at other areas. Oil prices are sinking once again. Phillips up by 3. 6 . Off by 3. 6 . E