Well report from the turkey syria border, and have analysis from our Turkish Service and washington. Also on outside source at least two people have been killed in whats being seen as an anti semitic attack in the german city of halle. It happened on yom kippur, the holiest day in the jewish calendar. And running street battles in ecuadors capital protestors are angry about the governments austerity policies, in particular a 100 increase in the cost of fuel turkey has begun an offensive in Northern Syria. Its seeking territory currently controlled by kurdish fighters who, until the start of this week, american troops had supported. But donald trump has pulled those troops out of Northern Syria and turkey, which sees the kurds as terrorists, is going in. President erdogan tweeted. We should be clear though the primary Group Holding the territoru turkey is atacking is the sdf which is kurdish led. Its not the the pkk which is based in turkey, and its not the ypg either. Also it was the s
Previous assessment of protracted weakness in e. U. Area growth dynamics. Softbank unveils a rescue plan. The start of the problem. It means the problem will be handed to somebody else. Russia and turkey cut a deal in syria. Pres. Trump this was the result of us, the united states, and nobody else. Market conditions the past few quarters have been challenging. Low Interest Rate environment puts pressure on the bank and the interest margin. Investors and policymakers share perspectives on the Global Economic slow down. Whether this is bottoming out the headlines, the trade war, has basically put americans on their heels. We will have europe in recession next year. We are stall speed this year, we are recession next year in the euro zone. It is all straight ahead on bloomberg best. Hello and welcome. This is bloomberg best, your weekly review of the most important business news, analysis and interviews from Bloomberg Television around the world. Lets start with a day by day look at the t
To daybreak europe. Lets recap those numbers. Unitbs Wealth Management bringing in net new money in the Third Quarter, almost 16 billion, meaning assets in that unit hit a record. Atrd quarter net came in 1. 05 billion, a clear beat on the estimate of 9. 71 billion. Beat on therofit, a estimate for ubs. Profit came in at a beat, but ubs seeing 100 million restructuring charge at the Investment Bank in the Third Quarter. It also warned that lower Interest Rates would hurt income from lending compared to last year. The ceo, we will speak to later, saying in the statement, we continue to take action to grow productivity. We also have some breaking news coming through from novartis. A lot of numbers to come through here. The 2019 guidance has been raised. If we look at Third Quarter for operating profits, that comes in at 3. 75 billion. The estimate is 3. 59 billion. Third quarter core eps, 1. 41, eight on the estimate. Third quarter net sales also beat the estimate. Up in the high single
Prime minister also proposes a three day schedule for the votes. Trade talks on track. President trump says negotiations between the u. S. And china are advancing ahead of next months apec summit. Will they be ready to sign a deal . And ubs Wealth Management assets reached a record high with rich clients adding nearly 16 billion in the quarter. Sergio ermotti strikes an upbeat tone. Still a very Challenging Market condition. Am glad we were able to grow solid performance in this difficult context. Matt less than a halfhour away from the european open, im taking a look at the pound. You can see threeday trade, maybe its more exciting if i put it into a six month perspective here. And bouncing1. 2975 along under the 1. 30 level. We have broken it yesterday for the First Time Since may 10. Take a look at futures. We saw this morning a mixed picture in futures, a lot like the mixed picture we saw in asian stocks. Dax futures and cap gaining. Ftse futures down. You see these numbers are so
Products a bid to list budweiser brand in hong kong and Saudi Arabias Energy minister says every country should comply with oil output. Well sit down with the russian Energy Minister later on this morning. A lot going on today also in oil space. I want to take you to highlights from the iea report. The agency has kept 2019 and 2020 Oil Demand Growth forecast unchanged. The latest report describes the newly appointed minister as an experienced figure saying the country has acted as a lynch pen even though the compliance rate has fallen to 116 in august and a recession is on the rise in germany. Saying the weakness in industry is slowly spreading to other sectors in the economy, quote, like an oil slick. Theyve scaled back growth indicators now forecasting 1. 2 growth. Well speak about this more at 10 30 Central European time. Interesting ifo is using the word oil and oil slick there could be potential for things to turn around. Ecb expectations have been prizing. Today, the central bank