Berlinale and the reaction from the me too campaign. [please stand by] sarah i am sarah kelly. Welcome to the program. Disappointment has been his appointment has been welcomed with a standing ovation and parliament. Cyril ramaphosa was sworn in today as the new president of south africa. His predecessor resigned 24 hours earlier after being ordered to stand down earlier. From a post a will set out his Cyril Ramaphosa will set out his plans. He has said tackling corruption will be his top priority. I declare the honorable Cyril Ramaphosa duly elected president of the republic of south africa. Reporter it was the moment the nation had been waiting for. The new leader promising a break from the past. The issues that you have raised, issues that have to do with corruption, issues of how we can issue out our state owned enterprises, are issues that are on our screen. I will work hard not to disappear disappoint the evil of south africa. Thank you very much. Reporter and on the streets, the
Yields up by about three basis points, the vix little bit softer. Jpmorgan says you want to buy hedges against the pickup,. 5 jonathan . Jonathan Jonathan Garland im going to borrow. Whether you think the year has passed quickly or not depends whether you are a sterling fx trader. Its on one year since that vote. The british people have made a very clear decision to take a different path, and as such, i think the country requires fresh leadership to take it in this direction. Inevitably, there will be a period of uncertainty and adjustment following this results, but as the Prime Ministers of this morning, there will be no initial change in the way our people can travel and the way our goods can move or the way our services can be sold. We need a negotiation to start as soon as humanly possible and we need to start thinking globally about our future. The other thing i think the it is tohappen is become a National Bank holiday and we will call it independence day. How many im not sure o
Hour that Malaysian Police have arrested a woman in connection with the death of the estranged half brother of north koreas leader, kim jong un. Kim jong nam is thought to have been poisoned while waiting to fly out of Kuala Lumpur Airport. The woman who was carrying Vietnamese Travel Documents was detained at the same airport. Police say they are now seeking several other suspects as they continue their investigation. Sarah corker reports. Was kim jong nam poisoned by assassins as he prepared to board a flight in the Malaysian Capital on monday . Confusion and mystery surround the death of The Half Brother of the north korean dictator. Now south korean Officials Say they believe he was murdered. Translation the government is certainlyjudging that the murdered person is kim jong nam. Since this case is still being investigated we should wait for details until the malaysian government makes an announcement. Just before he died, Kimjong Nam Is reported to have told medical workers he was
You are welcome. It is bloomberg daybreak europe. Our flagship show in london. Breaking news in the past 15 minutes, coming from you bf switzerland, a bonus pool reduction. Be cut in the bonus pool. Poolas reduced the bonus to 2. 9 billion swiss francs. The ceo remains the highestpaid executive, earning 13. 7 million swiss francs. Are going to to reflect in agreement in principle. This on the retail mortgagebacked securities. Net income will be restated by some 102 million swiss francs. Those are the headlines in terms of pay and bonus pool over at ubs. When it comes to markets, the bond market, the whites in the eyes. This is the personification of what the market challenges are permitted the blue line are the ratcheting higher bond yields. We have indeed double that. Breaking 2. 6 . For bill gross, that means there is a technical indicator of a fair market set to kick in. Bear market set to kick in. Not since Richard Nixon, Richard Nixon in 1974 have we seen 10 gains best 10 days of
Coming up on the show, we have Dale Stafford. He will join us on all the dealmaking and unmaking going on. We will preview aprils retail sales. Jon looking forward to that conversation. S p 500 futures negative five. Switch over to the board very quickly. 1. 1345. Lar, foot. Llar is on the front yields are down by two basis points. What a week for wti. 46 thought. Flat. Lets go around the world for indepth coverage. Selena wang as the latest. We are 90 minutes away from the april retail Sales Numbers. Speaking of ecodata, guy johnson has latest on euro area growth. Julia tells us what to expect a day after Dilma Rousseffs suspension. Apple has found a way to use its enormous pile of cash and it could have an effect on the uber. Lets get the details from selena wang. Selena this is a huge deal. This is the single largest investment they have ever received. Was in talks to raise 2 billion. This is very unusual for the smartphone maker. They dont normally invest in startup funding rounds