Combine creating the u. K. s biggest internet and phone operator. And decision at don. The bank of england makes a rare earlymorning rate announcement imminently. We will speak to governor bailey leader on today about that decision, but a mission to china. The who considers investigating the source of the coronavirus as britain prepares to ease parts of its nationwide lockdown. Just under an hour away from the start of cash equity trading across europe. Lets take a look at where futures are trading. Actually, are we getting bank of england headlines now . Are. Yes, we bank of england votes unanimously to maintain its benchmark Interest Rate, to keep it unchanged at 0. 1 . No change in the kiwi program and no change in the Interest Rate. The pound is Holding Steady against the u. S. Dollar as a way there had been increased volatility in the pound heading into the decision. We are also getting a lot of indecision over how the expectations for how the coronavirus will hit the u. K. Voted
We will bring you those numbers as soon as they get the hit. They may very well impact markets. We will look ahead to jobs number coming up. Job losses could hit 47 million and Unemployment Rate could surge to 32 . Jim bullard is here later this morning, more on jobs, action by the Federal Reserve and what if any rebound we can expect from the crisis. Interview coming up at 7 00. President Trump Pushes Congress to pass 2 trilliondollar infrastructure bill now to help boost the economy along the road to recovery. The president says the bill willing very big and bold. Meanwhile this, the death toll in new york city has surpassed 1,000, mayor bill de blasio joining the call for help as more makeshift hospitals are created. This as more states go on lockdown this morning, mornings with maria is live right now. We want to check Global Market s. Dax index in germany lower by 277. Factory activity in italy contracting at the fastest rate in 11 years. 40. 3 and french factory activity calling
But still well above 1350 right now. Lets get back to that oil story. President trump blaming iran for attacksrecent tanker after u. S. Officials released these pictures, video they say proves the Islamic Republic was involved in an attack indie gulf of oman. We are joined by kepler oil and of paris, andt will kennedy, bloomberg managing editor for oil and commodities. That the americans are right and the iranians are conducting a campaign against tankers in the gulf of oman, and potentially spreading further into the straits of hormuz. What does history tell us about the effect that this could have on pricing . Thanks for having me, first of all. Hello. As you said, it is not the first time that we are seeing tensions between iran and the u. S. In the region. We seen iran many times come up with threats that could close the straits of hormuz. I would be very cautious in looking at exec leawood happened yesterday. To seewe are not able exactly what happened in terms of the attack. I wo
Failing to complete safety recalls. The carmaker will now be monitored. Welcome, good morning. Im caroline hyde. He has some breaking news from ubs the bank is publishing secondquarter results early. Lets get out to ryan, at the breaking news desk. Ryan 1. 21 billion is the net income, 53 from what they did last year. Thats better than what analysts were expecting. They expected something closer to 900 million, and the reason is private Wealth Management. Sergio armani issued triumphant earnings today, saying he was very pleased with how things were going. They cut costs and obviously revenue is coming in well. Capital rates shows the company staying above target 14. 4 . These numbers came out earnings came out over the weekend in the swiss newspaper and it left a lot of people confused. Ubs this morning said it also misled people and that is why they moved their earnings up. It is kicking off a very busy week for the bank. Caroline thank you very much. More breaking news lets kick it
After years of bleeding red ink. At one point the companys founder and Ceo Jeff Bezos was the richest man in the world and then he wasnt. Thats because the stocks fell. Amazon earned 40 cents a share. Good but wall street wanted 1. 42. The big number jump 25 to 38 billion in the quarter. Shares initially fell following the results. Deidre bosa has the maybe takin away for investors. Reporter its profit engine is slowing as the Company Continues to spend big. Aws has become the most profitable business segment for the entire company but over the last now nine quarters growth has been decelerating as microsofts rival business azure has boomed. Amazon continues to invest in new markets like india and new businesses and products. That may not matter to investors. Amazon and jeff bezos are known for making bold investments even at the expense of profits. Looking forward, investors will want to know when and how those Big Investments will want to pay off especially how the whole Foods Acquis