John cryan will speak to us at 8 15. Car consolidation. Psa is said to purchase gms european operation for 2 billion euros. And passive aggressive. Standard life is to purchase Aberdeen Asset management as the etf industry drives fees lower and lower. Howdy will because cuts have to be to make these businesses competitive . Matt we are less than 30 minutes away from the european open and take a look at futures, down across the board. You saw u. S. Markets down as well, the cash trade there, asian stocks as well. European futures are following suit. I think more interesting is the bund trade right now, maybe it is a rebound. We saw such a huge spike in yields on friday, up to 0. 356 . But now yields are coming back down and investors are getting back into european debt, 0. 343 on the bunds. Guy lets take you to the gmm. I want to focus on the second column. I want to show you the japanese yen. It is up this morning. This is because of what is happening in north korea and there is a safe
This is bloomberg surveillance. We have a packed show for you. We have that great interview that john cryan gave us, talking about the restructuring. We also have to look at the markets. We look at china, what the fed, janet yellen told us on friday. This is the picture overall. I want to put a lot of these european stocks, Deutsche Bank down some 5 . This is after john cryan said he has a new strategy, including asking the markets for 8 billion euros. You can see a little bit of dilution in the share is what we were expecting. 0. 6 it overall, seems that european shares are being cold lower, first of all because Deutsche Bank is tumbling, but also because the metals are lower. Investors weighing Growth Prospects for china and Janet Yellens statements on Interest Rates. Geopolitical tensions also bolstering yen. I want to show you topix. 1554, a little bit lower because of japan moving to its highest possible alert level after north korea fired of the state missiles. First, lets get to
23rd. Im amy coveno. Its that time of year again. The first snowflakes of the season began falling in colebrook overnight. While it felt cold, temps didnt quite get below freezing. It didnt stick very much. If you think its chilly now, its only going to get colder this week. And lets go over to josh judge and hold his feet to fire whats happening in colebrook. Josh you can see some accumulations on the grassy surfaces when it didnt hit the roadway. Theres Doppler Radar, how about that . The terrain of southern and central New Hampshire overnight and northern New Hampshire still snowing at this moment. It will wane down a little bit, but some may pick up an inch or so, we see the sun come out, but the winds will remain. Temperatures right now in the 30s to the north and 40s everywhere else and here is where were headed for today. Lower half of the 50s south of the White Mountains and only in the lower 40s in lower New Hampshire. Windy and chilly out there. Get used to it. It will be aro
Lag last years reports. What that means for the markets. Softbank buying arm holdings for 32 billion in cash. Well give you the details, some insight and context on this massive deal. Republican National Convention kicks off in cleveland. Whats on the agenda and what surprises could be in store . But first up futures on the rise to kick off the week. The dow and s p near alltime highs. Markets largely shrugging off the attempted coup in turkey and on a busy week of earnings, b of a beating on the bottom line, 36 cents versus estimates of 33. Deposits up 5. 8. Some of the metrics not matching those of its peers, jim. But still, this is a grind out quarter. Return on equity, getting double digit. What i liked best about it, really, this is kind of interesting, this is a company thats well ahead in mobile and you have an amazing decline in branches from 6,000 to 4600. Yeah. And that is because people are rapidly adopting mobile. Interesting brick and mortar story where you have still one
Leaders, including chief executive of g. E. , warping about the potential warning about the potential economic consequences of the bill. You had letters from the director of the c. I. A. , the chairman of the joint chiefs of staff, the secretary of defense and the commander of chief all warning about the potential impact of the bill. Aum of that communication was made public before Congress Cast the first vote to put this bill into law. Yesterday. So the hard to take at face value the suggestion suggs that somehow they were unaware suggestion that somehow they were unaware of the consequences of their vote. Even if they were, whats true in Elementary School is true in the United States congress. Ignorance is not an excuse. Particularly when it comes to our National Security and the safety and security of our diplomats and our Service Members. Ill also say that its a little hard to take that suggestion seriously when the arguments that are being made in this letter and in the public sta