Boris johnson becomes Prime Minister today. He has to build a cabinet and tackle brexit by the halloween deadline. Deutsche bank trading slump deepens. The cfo spoke to bloomberg this morning about the impact of low rates. We are very aware that outlook deteriorated in june. It does represent a revenue pressure for us and all of the banks if rates go down further. Anna daimler sets its sights on recovery, operating profit will improves significant leak in the second half as rival peugeot downgrades across the world. Going to talk more about the Banking Industry, german asset manager dws had a 4. 2 billion euros in inflows in the quarter. Spot forbig bright Deutsche Bank, the Parent Company. The influx is beating average analyst estimates, this quarter 2. 9 billion euros. Bank,e news for deutsche it owns almost 80 of the asset manager. Thats bring in claire peel, cfo, dws group. This time last year it was a different story. The Asset Management business has turned around, more than 700
The self proclaimed dude of downing street has already pledged to dispel the defeatism today. Today he sets out his vision for britain after brexit. For the next hour and a half well be speaking to allies of the new pm and critics too, plus mps from all sides. Well ask, can mrjohnson really deliver brexit on 31st october as promised . What will his other policy priorities be . And have a look at this. Politicians, as far as i can work out, are pretty incompetent. And then have a veneer of competence. Yes. You do seem to do it the other way around. Yes. I mean, you cant rule out the possibility that beneath the elaborately constructed veneer of a blithering idiot that there is another blithering idiot. Will borisjohnsons unique style be a help or a hindrance as pm . Well ask people who know him well what they think. Hello. Welcome to the programme. Were live until 11 this morning. Its Boris Johnsons first day in office. Lets see how the papers are reflecting it. Im the dude is the headl
Ill be finding out how to make the most of your Holiday Spending money. One game from glory englands cricketers absolutely and as the cricket ends, thrash australia to qualify the netball begins for their first World Cup Final im in liverpool as 16 nations in more than 25 years. Prepare to go head to head in the netball world cup. Good morning from wimbledon. The sun and there is a fantastic u of london is trying to break out here and there is the chance of a shower behind me. An outside chance of a today for all of us. A cloudy start shower at wimbledon. Many of us seeing a sunshine after a cloudy with sunny spells developing and possibly a few showers. More in 15 minutes. Its friday 12th july. Our top story. Start and other showers are the American Military says its forecast. More in 15 minutes. Trying to put together a coalition to protect commercial shipping in the gulf its friday 12th july. Our top story. The American Military says its after the royal navy had trying to put togeth
Silicon valley chiefs head to the white house for talks that may lead to the easing of the sales blockade on huawei. Shery we will have more on that big tech meeting in washington and what this could mean for the huawei been later on Bloomberg Technology global link. First, that get you started with a quick check of how the markets closed the market session. A positive session for u. S. Stocks. We saw the s p 500 gain ground, up 3 10 of 1 . A couple of analysts calls, including one on apple, with Morgan Stanley boosting its price target. That actually made apple rally and the biggest winner on the nasdaq. Micron finishing more than 3 higher after Goldman Sachs listed it to buy from neutral. We also have some positive news on the u. S. China trade front. There could be talk about a potential deal in congress on raising the debt limit, that came after the market closed with President Trump saying a deal had been reached. We will have more details later in the show. Meantime, u. S. Ventur
Ban on huawei. Grounding may have serious implications for boeings future credit worthiness. Shery lets get you started with a quick check on how markets closed in the monday session in the u. S. 3 , as we rallied had tech shares leading the gains. The Philadelphia Semiconductor index up 2 . We had some positive trade news on the u. S. China front, not to mention a time of earnings and analyst calls. Apple being the biggest win on the nasdaq, up. 7 , with Morgan Stanley boosting its price target for the stock. We had Energy Shares gaining ground with crude jumping the most in more than a week. Tensionsanu. S. Ongoing in the middle east. Lets see how things are shaping up for the asian market. Pointing tores are modest gains in toto, sydney, and seoul. Tech firms very much interview with optimistic call travel and macron plus micron plus. On the koreajapan parade fund, governmentont, a official from south korea reportedly said the country is preparing a plan for a Semiconductor Test to