It is great to see you again and congratulations on your new position. Thank you. It has been a little more than aonth . It has. Confirmed on the fourth of august. Yes, a little more than a month, but you have been in the Intelligence Community for a few more years than a month . So, let as jump right into this. How would you characterize the state of t community . What is working well, and what do we need to improve on . Gordon before i answer, let me offer the apologies for the director, he really wanted to be here, unfortunately, maybe as sign of the times in terms of how the administration views intelligence, he had a meeting that he had to go to. The principals meeting was set today, but i wanted to be here, which is why it was set today. I have about 30 years of free slick tradraft, so [laughter] gordon here is what i would tell you about the community. I am old and i have seen a lot. We have never been better. The capabilities that we bring stunning as any of that i have seen an
It has. I thought i would be better by no but i am working on it or it confirmed on the fourth of august. A little over a month. But you have been in big Intelligence Community for a few more years than a month . So, let as jump right into this. How would you characterize the state of the community . What is working well, and what do we need to improve on . Great question. Before i answer, let me offer the apologies for the director, he really wanted to be here, unfortunately, maybe as a sign of the times in terms of how the administration views intelligence, he had a meeting that he had to go to. Principals meeting set today . Because i wanted to be here. I have about 30 years of free slick tradecraft, so [laughter] here is what i would tell you about the community. I am old and i have seen a lot. We have never been better. The capabilities that we bring to bear are as stunning as any i have seen and i have seen a lot. The level of integration that we affect throughout the community i
Assembly general tomorrow. Throughout the week we will bring you interviews with newsmakers throughout new york with the Bloomberg Global business forum. Lets start with President Trumps visit to the United Nations. Lets start with kevin cirilli. What does the president need to do here . During campaigning, he said the United Nations was no friend to the United States. President trump is going to have to walk a political tightrope as he criticized the United Nations during the campaign and tried to rally support in the International Community to address north korea. North korea will be sitting in the front row. This comes at a time when nikki haley has sought to work with the chinese and russians in building a coalition to pressure north korea to dismantle nuclear ambitions. David is there anything specific he is asking for on sanctions . Kevin i think in terms of where this goes, it is in the energy sector. Further isolating north korea from International Trade partners, china being t
Critics and that savers cannot expect returns without Economic Reforms to rekindle demand. It is just gone 6 00 here in london. It has just gone 7 00 in berlin. In terms of these nubbers from commerzbank, the net profit, that is against a forecast of 160 million euros. Just a touch above or in line of the forecast. In the ratio. 148loanloss provision million and the estimate was 170 million so it looks as if theyre having to make fewer provisions for loan losses than had been expected. Before loanloss provisions or 2. 3 one billion 2. 31 billion. The low Interest Rate we find ourselves in means that barclays suggesting that Net Interest Income would most likely be dampened. Keep an eye on what they say about that. Another big theme has been costcutting. They are talking about aiming to keep their cost base stable. This deal see a full year moderate loss in long provisions. There talking about considering increasing the strategy of market share. We had already heard from the ceo at the
Off. The state of the consumer. The Consumer Confidence index is out now. The state of the consumer is strong. How the consumer is feeling. The university of michigan Consumer Confidence reading coming in at the highest level in 11 years in january. We know what has been fueling these numbers, lower gasoline prices and more job gains. People are feeling more confident that preliminary reading of Consumer Sentiment at 98. 2 the highest since january of 2004. The reading today is better than economists had projected. We are looking at the expectations index. It shows not just how consumers are feeling right now but how they expect the economy to do and how they expect their own personal finance to do. That number coming in ahead of estimates at 91. 6. This is in line with some of these other Economic Indicators that weve gotten recently. This would seem to be a positive sign. Thank you so much. The top business stories of the morning trading has not opened yet. The latest pending news fu