Good morning, everyone. Just gone 6 00 a. M. , lots of earnings coming through from the european banks. Let me recap ubs to start with. The key number is Second Quarter net at 1. 4 billion. The estimate was my hundred 57 million. Was 957 million. In terms of the Second Quarter profit pretax is up 3 year on year. Ubs Global Wealth management posting to billion dollars of outflows in the Second Quarter. Global Wealth Management nets new money, but overall the Second Quarter net beating. Sergio ermotti really seeing a revival of the fortunes in the Second Quarter after what he called one of the worst starts to the year in recent history. The bank posting its highest quarterly net profit in almost a decade, seeing a boost to the u. S. Wealth profit. Coming up, we will speak to the ubs Ceo Sergio Ermotti and get all the details. Dont miss that conversation with manus cranny later in the show. If you want to keep uptodate, there is a fantastic tliv blog on the bloomberg. Lets move on to sant
Cspan, 45 years and counting, powered by cable. The Senate Energy and Natural Resources Committee Held a hearing on the challenges associated with growing demand for electric power in the United States. The witnesses outlined the potential cost and security risks of retiring natural gas plants too soon and called for a balanced approach that included nuclear and Renewable Energy sources. This runs an hour and 45 minutes. Today we ask you to discuss the risk of opportunities. In the halfcentury after world war ii, demand for electricity grew along with our economy, but in the decade following, the implementation of the freetrade agreement, which was in the 1990s, annual electricity demand growth fell by nearly 45 . 45 . For the past two decades, the demand and load has been flat across the country. We are here today because that appears to be coming to an end rapidly. With exponential growth, utility and grid experts are telling us that it is poised for truly remarkable growth. Meeting
At 7 00 a. M. Eastern. Now we are going to take you over to the Senate Energy committee hearing. It is getting underway now come alive on cspan. We will talk about the growing demand for electric power in the u. S. And the impact on the electric grid. Here it is. Today we ask you to discuss the risk of opportunities. In the halfcentury after world war ii, demand for electricity grew along with our economy, but in the decade following, the implementation of the freetrade agreement, which was in the 1990s, annual electricity demand growth fell by nearly 45 . 45 . For the past two decades, the demand and load has been flat across the country. We are here today because that appears to be coming to an end rapidly. With exponential growth, utility and grid experts are telling us that it is poised for truly remarkable growth. Meeting the demand growth may be one of the greatest challenges we face. Our economy and defense of our country i want to thank the witnesses for sharing their perspecti
An intensely negotiated package that changes aid to take pressure off of front countries and relocate arrivals to other eu states. Plus, a scientific report says that the swiss alps glaciers are streaking are tricking at an alarming rate, and could contribute to Sea Level Rise with significant environmental consequences. We will talk to an expert about the implications of this. Im brent goff. To our viewers watching on pbs in the United States and to all of you around the world, welcome. The azerbaijani government has issued a statement saying that armenians in nagornokarabakh can stay if they want. But many Ethnic Armenians have chosen to flee, with more than half the population of the enclave now on the move. Reporter no going back. These refugees fled their homes in nagornokarabakh to armenia, bringing with them only what they could carry. Their homeland as they know it is collapsing. The separatist government says it will dissolve itself by the end of the year, and cede control to
Japans docs edging slightly higher as well. Nicole checkout Oil Prices Continue to rise today of 21 cents. Right now it are a 3. 96. Lauren the Justice Department releases the final batch of emails. Loretto lynch tells fox news there is no deadline for the clinton email investigation to end. Nicole the fbi and apple head to capitol hill to fight about unlocking an iphone used by terrorists after apple wins the key quarter. Lauren the top of capital rankings. Tom brady agrees to a new twoyear contract. Nicole it is 5 01. Welcome to fbn am, your first look at todays markets, the latest breaking news and what to expect that they had. Lauren Intercontinental Exchange committee on the New York Stock Exchange is considering an offer for the group that is then approached the company for it. The news a week after it is in advanced talks about a possible 28 billion merger which would create the Largest Exchange in europe. Well keep you up to date as it develops. Nicole white house hopefuls maki