Mark barton. And i am olivia sterns. Also coming up, we meet the founder of a shaving start up that is cutting down the competition. The blackshow you knights transformer as it takes its first test flight. U. S. Regulators are said to be seeking more than 5 billion from bnp paribas to settle investigations into its dealings with sanctioned countries, including sudan and iran. David tweed has the details. Is much bigger than anticipated, isnt it . Only last week, we were reporting that it could be around 3. 5 billion. At number has been upped by about 1. 5 billion. Havemonth, bnp said they 1. 1 billion dollars set aside to pay for this potential fine. At the time, they did say that they would probably need more money. The thing is, this is something that the u. S. Attorney in manhattan has been saying, that there is concern that the fines are being meted out for companies that have been violating sanctions, not big enough to reflect what they have been doing. Think about it. You violate
A warm welcome to the program. Lets talk about stress. The Federal Reserve rejected the capital plan for banks. Jonathan ferro has details for us. Jon . Youre not stressed. I am, quite often. The fed says no. I think that is big news overnight. For citigroup. Plans to buy back shares and boost dividends. They are going to have to readdress plans. Two rounds no those tests. Think of the first one as what if . What if unemployment peaked at 11 . House prices fell 25 . Can these banks withstand a recession . St week the big guns all passed. The result is about taking into account their capital plans. It is very subjective. It wasnt just citi that failed. Hsbc. Santander. It is really interesting. On the quantitative measures to peer one capital, they pass. They passed in that sense but they failed on the processes. R. B. F. . Does it mean for it is r. B. S. . It is planning to sell shares. Revenue and losses under economic stress. How many problems did this bank have . This is one of them
Welcome to countdown. Im anna edwards. Just pass 6 00. Bloomberg reporters are standing by across the world, ready to deliver the stories. Hans nichols is covering pfizers bid for astor zeneca. David tweed is in berlin covering airbus and earnings are breaking now for that business. Big with countdown for interviews. First, an exclusive interview live from the Goldman Sachs india idea summit. Who would hear from the head of International Asset management division, coming up later. Ceo, we will speak with the peter long, right after those earnings break at the top of the next hour. We will also get numbers from easyjet as well as insight into those numbers from the ceo of the lowcost airline. Be releaseds will in about 58 minutes. Sweetens planning to its bid for astor zeneca as the ceos of both Companies Face their first joint trial and the u. K. , testimony. Hans nichols has the details from westminster. Hans . Anna, good morning to you. We will find out after this hearing potentially
Hello. Welcome to the pulse, live from bloombergs European Headquarters in london. I am mark barton. And i am caroline hyde. We begin with our top story. Pfizer said to plan a sweet and a sweet takeover bid for astrazeneca. Westminster is at with more on what we can expect. The countdown continues great the countdown continues. The countdown continues from that conversation we had earlier with a labour mp. Clearly, the ceos are going to face some hostile questions about what their intent is. Why are they doing this . Are they doing it for tax reasons . There is a different tax regime in the u. K. Versus the u. S. Or are they doing it because it makes sense for their investors, their boards him a their shareholders, and they want to grow the company here and create jobs . These are some of the questions that will be posed. The committee starts in about 15, 20 minutes, will go on throughout the afternoon. It is really a question for ian about whether or not he has any allies on the commi
Price. Hans, you are following the ukraineimf bailout. We are waiting, expecting a bailout to be announced somewhere in the range of 15 billion. That money will free up eu money, and japanese money and u. S. Loan guarantees. Arrive soonerld in ukraine to get their economy back up and running. Expecting 3 contraction for the year. Thank you so much. Hans nichols will be watching the developments there throughout the day. We also have our correspondent in basel watching luxury watches and the impact that tech could have on them. What are we watching today . Data. You will get one of the final readings on u. S. Gdp. In the uk, we will see whether retail sales have slowed. Were going to get u. S. Jobless claims. With all of that in mind, we anl keep an eye on investigation in terms of stock trading. Looking touities are open a little bit softer. Obamas rhetoric shifting up a gear. Warning a deceleration is needed in terms of russias decision in crime your. Merkel getting ready for tougher