Anna a warm welcome to bloomberg daybreak Europe Santander novartis kicking off earnings. Hasourthquarter net profit come in at 1. 6 billion euros, better than the estimate. The estimate was for 1. 40 8 billion. Theyre telling us the bad loan ratio is moving in the right direction, saying the ratios at 3. 93 . An update on their fully loaded 10. 55 , a little higher than it was in september. Chair sayingk, the that the 2017 environment is even better than the main market in which they operate. Thats at 7 30 london time. Plenty more to come on the european banking story. No doubt that will talk about political change in europe and the United States and much more beyond. Novartists talk about , one of the huge drug companies. Net sales coming in at 12. 3 billion. ,elow what the market wanted which was 1. 13. This is the critical point, net sales will be in line with the prior year. In the eye care business their problems, you have the heart drug that will be critical, fourthquarter adjus