The Senate Confirms Amy Coney Barrett to the Supreme Court. It is earnings galore in europe. Ig oil hsbc, santander. We speak to the spanish lenders cfo. Beach onis, it is a the core earningspershare. 44. Market penciled in 1. When it comes to net sales, they are expected to grow to mid single digits. They are talking about core operating income at a low double digit to mid teens so in terms of the earnings per share, its a beat, but on the sales side, it just comes in below thirdquarter sales. In 12. 4 8penciled billion, so certainly a solid delivery. They are upgrading their core operating income guidance as well. Analyst is parsing the numbers at the moment. We will have he will join the team. That is with jonathan. Bank, the banks have come hard and fast. They beach on their estimates. They said the full year will be around 5 billion in terms of profits. That has improved from 3. 66 on the estimate. Net income, 1. 75, up from one billion on the estimate. Jose joins the team. Emergi
Will allow us to master this challenge while delivering First Quarter profit slumps at hsbc and the bank warns that the coronavirus will have an impact the cfo says the outlook is improving for one key market caller we are beginning to see signs of recovery in china in particular, lesser extent in hong kong. We do think Economic Activity in q1, we do expect to see a recovery going into the Second Quarter. Novartis beats expectations as the swiss pharma giant be benefits but says potential treatment needs more time. Bp says environment is brutal and unprecedented we are very, very focused on driving that base even down and getting it to less than 35 a barrel next year and beyond if possible President Trump says china could have stopped the coronavirus from spreading adding his administration is probing what happened and warning beijing of consequences. There are a lot of ways you can hold them accountable. We are doing very serious investigations, as you know. We are not happy with chin
Im Francine Lacqua in london. These are your markets. 0. 4 . An markets down a lot of the market put a position that the economy and a lot of the earnings would go through the coronavirus. Not so after the apple news yesterday. There is more concern about the deadly coronavirus trade looking at treasuries, they are rising. Americans reopening after a holiday. Yesterday was president s day. Jumping as much as 24 after unsuccessful bid for the small arrival. This may be the kickoff of banking consolidation in italy and then further into europe. Coming up on bloomberg surveillance, our exclusive conversation with the hsbc Financial Officer on the banks job cuts. First word news. Viviana hsbc is set to slash 80 of its workforce. The lender taking more than 7 billion of charges and suspending buybacks as part of a restructuring plan. Plans to exit some businesses and cut costs. Hsbc still hunting for a permanent chief executive. We also spoke to the lender cfo about the coronavirus outbreak
The eu will meet today to consider a brexit extension until the end of january, with an option for the uk to leave earlier if a deal is approved. Why . Well, although a deal has been agreed between the European Union and uk Prime Minister borisjohnson, british mps havent yet given it their endorsement. Eu members are looking at a range of brexit extension dates including november 30th, december 31st and january 31st. If an extension cant be agreed, the uk will leave this thursday without a deal. That possibility is undoubtedly causing concern in the business community. The institute of directors says more than half their members favour another referendum or general election over a no deal brexit. If the eu backs a longer extension then they could get their election wish. Borisjohnson has said he wants to hold one on december 12th but he needs the support of two thirds of mps. Chris southworth is the secretary general of the International Chamber of commerce who represent businesses acr
As protesters moved to shut down hong kong. We are live on the ground. A public spending boost from Boris Johnson raises expectations he is playing for an early general election. Parliamentary majority hangs by a thread. Manus a warm welcome to the show. And raise your game the bet higher. That is the message from the chinese. The dam has been breached. The dogs have been unleashed by the pboc. They are letting the hounds run, even though they verbally intervened. Nejra i love your use of language. What a dramatic day of the markets. The question is where the next resistance level is for the yuan and whether the pboc is going to defend a certain level or whether it is just protecting against wild swings in volatility. Whether we now see the start of a currency war and weather will be more challenging for banks which have less room to ease, which means japan. Manus there are five emergingmarket Central Banks, five more to go this week. I think when it comes to pboc, you are seeing the s