Global stocks despite lingering tensions between washington and tehran. Ubs shakes things out. The swiss bank splits its Wealth Management unit into three, cutting up to 500 jobs and naming two new Division Heads. And made in china. Elon musk is in shanghai as the consumer rollout of tesla vehicles finally takes place. We are on the ground all morning. Just under one hour away from the start of cash equity trading across europe and in the u. K. Take a look at futures here. You will see that they are up across the board. We have gains in asian stocks, which are pushing up european futures, dax futures, up. 6 , as are ftsefutures as futures. U. S. Indexes rose yesterday. We are seeing green arrows again in terms of futures with about 5. 5 hours to go until the start of trading. Anna, what do you see on the gmm . Anna pulling up the gmm function on the bloomberg, and we are bouncing across these asian equity markets, getting some upside coming through on the japanese markets. We are close
Shares in reverse. As continue martin warns the fullyear profits will have after lower margins make for a, quote, very disappointing year a wealth of change ubs reorganizes Wealth Management in the biggest overhaul later on the show, 15 days to find a compromise we talk digital taxes as french minister says he is working with Steven Mnuchin to smooth over tensions a warm welcome tostreet signs. We kick off the show we are in the midst of a global rebound. Yesterday, we saw u. S. Stocks engineer a turnaround as investors begin to reassess the real risk of further escalation in tensions in the middle east that positive sentiment has largely filtered over to asia. In europe, we are seeing trade kick off on a stronger foot. In particular with the dax up 1 youll remember this time, the dax was the clear underperformer on the day a chemicals heavy index. This bounce back we are seeing is alongside a pull back in the oil pros a little pause for breath and assessment for what lies in the middl
Funeral for general soleimani, of course, killed during drone strike as we are hearing fresh threats to set u. S. Facilities on fire bringing death to israel and officially, official designate the u. S. Military a terrorist force, the administration is defending the air strikes that killed soleimani this morning claiming hes responsible for leading operations in iraq that killed 600 service members, rob, thank you very much for your service in the country, your reaction to that all of this . I think we are getting away from the fact that soleimani was found in baghdad which could have become another benghazi but thank god because the appropriate response went in. This was not an act of war, killing was a strong and appropriate response, so this attack on the american soldiers has been happening overseas for a while now, i think the response is strong and i think also when we see all of the crowds gathering to mourn soleimani, a lot of people are pretending that they are there by force.
To war. The nightmare stage of trumps rule is here, says michelle gold berg in the New York Times and paul krugman simply calls our president a bully. Democrats lining up to attack the president , Bernie Sanders says hes like putin. Assassinating dissonance. Meanwhile, theres real chaos, where hundreds of thousands on the streets for the funeral procession of Qassem Soleimani and then a stampede. Iranian state news media says more than 30 are dead. Overall this is a morning of confrontation, war talk threats and military preparations and as for the market, a shrug. Monday the dow made a 200point uturn and actually closed higher. This morning were looking at futures, minor loss for the dow and the s p, a 10point gain maybe for the nasdac at the opening bell but look at oil, another shrug on that market after the Soleimani Killing the price of oil moved to 63 64 a barrel today its back to 62 and the price of gas, Holding Steady the National Average still right there at 2. 58 per gallon.
An assassin asking another criminal with him to film him committing a murder in broad daylight. Were asking the Veterans Affairs secretary for an update providing faster and better care for our vets. We have details. Well ask him about a government watchdog report, alleging that the va spent billions of dollars on new medical facilities with little budget oversight. Im Melissa Francis in tonight for mcdonald. The evening edit starts right now. Melissa get to Edward Lawrence in washington with the latest developments there. Edward . Reporter defense secretary mark esper expects iran to retaliate. He would like a diplomatic solution but has prepared targets just in case. President donald trump keeping pressure on iran but backing off that those targets will include cultural sites. Listen. Theyre allowed to kill our people. Theyre allowed to maim our people. Theyre allowed to blow up everything that we have and there is nothing that stops them and we are, according to a various laws suppo