We will talk about that. New ceoill speak to the about raising sales, earnings, outlooks, why he is putting hockey in the penalty box. Lets turn to the markets. A number of factors that you need to be thinking about today. One of which is we have a decent bid on the yen. Around. 2 point. 2 of 1 . Policy is beginning to work in japan. You can see the yen up by. 2 of 1 . The dollar is fairly flat this morning ahead of payrolls friday. Yesterday briefly week session for equities. A leg lower this morning. Lets move on and talk about what else is going on out there this morning. Lets the bunds open so talk about what is happening. We see yields beginning to push a little bit higher. Backing off their earlier session high. There is the open, bunds initially on offer but beginning to firm now. Of where cashator equities are likely to go. We will talk throughout the program about this incredible spread that is emerging between what is happening with the german on market and the treasury bond
It is countdown. Anna lets get to caroline hyde. She has the details for the creditagricole numbers. Caroline this company has desperately been trying to restructure itself. O in place. New ce in large part, a majority is owned by regional banks. It does own stakes in regional banks itself. They have agreed to sell back these stakes and regional banks. They will finance at themselves and lend money to those regional banks to the tune of 11 billion euros. They are trying to give all caps dividends back to their investor base. The take away here is they are threeg back stakes for regional banks. They will be boosting their capital and your one ratio to ratio and their teir one to 11 . They are coming in 800 Million Euros better than what was expected. Their profit is at 1 5 of where it was last year. They are promising all Cash Dividends as soon as 2016 and they are raising their own dividends this year to . 60 per share. They are boosting their capital strength and also managing to give
Workers have little concept of Domestic Violence saying they felt punished by the system. The lack of training concerning criminal Domestic Violence cases was confirmed today by the agencys head. When she took over a year ago, Domestic Violence was merely a branch under another division but she has sisie pulled it out for its own division hiring the director just this week. However, lawmakers were alarmed to learn there is no training in the department but the director said she has taken steps to change that as well. Training a longterm solution ive asked for in our budget q youve asked for the ability to continuously do training to our staff so it is not just something they get in basic but they get through outthe time they are there. Reporter in that budget request to the general assembly, she is requesting about 150,000 for six fulltime training positions. Additional federal funds will be used to pay for the six positions as well. About the roughly 1,000 foster children who still ne
What is going on in germany. We have breaking news. This is germanys largest power producer. We are ready have some of the topline numbers. They prereleased some of the numbers. They were suspending their dividends. We have details on how the performance is going. 2015are talking about the net loss going in at 170 Million Euros. A profit previously of 1. 7 billion euros. The adjusted net income we were expecting this is the unadjusted number. The operating result has also fallen compared to the Previous Year. We are getting a breakdown of how they performed in all of the various parts of their business. Ae Bigger Picture story is broader story about power prices at their lowest level since 2002 in germany. A shift to renewable is underway putting pressure on the struggling coal and gas part of the business. They are putting aside money to fund an exit from Nuclear Power in germany. They are spinning off their renewables. They are moving into a new company that will be listed on the exc
Manus i am manus cranny. Anna anna edwards. Just past 6 00 here in london. Let us get straight to the correlation between oil. We talked about it many times, reaching new levels we have not seen since 2013. Manus just in the morning, 120day relationship between the stocks and wti. And this all comes on the back of russia, starting to get ready for potentially agreeing, as we take the road to go. This morning overall, you think about the real drivers in the fed, but is it oil price . with plenty of rhetoric from the russian side surrounding what can be achieved, even if we do not have the cooperation of the iranians, just to keep track of the price right now, that is something that drove the price higher yesterday. Cents, reporting an agreement between the russians and saudis, it could be done. And we have this other commentary from the kremlin press secretary, and the saudis building something. What exactly do we do not know yet. Manus depends on what we get. As far as the market, up 3