State of the nation address today. Welcome to bloomberg daybreak europe. They probably ensure your house and probably. Operating profit from pimco is in line. I do not think the opportunities of what to buy are they not think the opportunities of what to buy are they not seeing the opportunities of what to buy . Operating profit was 1. 3 one 1. 31 billion. The overall dividend is an uplift for this company. They are on track to deliver 3 year renewal agenda targets. For the Fourth Quarter you are seeing the income be on the numbers beat on the numbers. You had California Wildfires in the worst Hurricane Season in history in the United States. With all of those headwinds, this Company Managed to up the dividends. Promised histhere first repurchase in the first half of 2018. Are they looking at xl . That is the question. This is the picture over the last three months. The market was thinking that this was a tough time for the company and the rest of the industry. Allianz. The ceo of l he
Im also looking at the treasury yields. You can see that 10year at 2. 77. Things are stabilizing somewhat. Gold had a big move it yesterday as a hedge against all the volatility. Old is still up. We will hit the latest market moves. Oil. Also talk crude on, weittle bit later will be joined by blackrock. I want his take on investing in the markets. Lets get straight to the first reviews. The u. S. House of representatives had passed a stopgap spending bill to fund the government until march 23. A senate vote would send it back to the house before thursdays deadline. President trump said he would welcome a shutdown if democrats refuse his demand for a immigration overhaul. President trump if we dont get rid of these loopholes, people continue to come into our country and kill. That are many gang members we do not mention. If we dont change it, we will do a shutdown. It is it it is worth it for our country. I would love to see a shutdown if we dont get this taken care of. Nejra donald tru
Koeman. Tom hanks tells us hollywood has to change, as he becomes the latest star to speak out about the Harvey Weinstein allegations. Iam i am saying that first we have to hear from everybody so that we understand how fast and how all encompassing this was. And sarah has the weather. Good morning. It is looking damp and breezy today, before turning increasingly wet and windy tomorrow, with the arrival of storm brian. Ill bring you all of the details in about 15 minutes. Good morning. First, our main story. Theresa may has made a personal plea for european leaders to break the deadlock in the brexit negotiations. At a private dinner last night, the Prime Minister called for the talks to move on to the future of trade. But the german chancellor, Angela Merkel, said more work needed to be done before that could happen. Adam fleming is in brussels. 0ur Political Correspondent chris mason is in westminster. Lets talk about what happened last night, adam. They say it was a private dinner, b
Fix that. And the communities secretary sajid javid says the government may be prepared to borrow money to pay for it. We are looking at new investments and there will be announcements im sure at the budget we will be covering housing. But what i want to do is make sure we are using everything we have available to deal with this housing crisis. Where that means for example we can sensibly borrow more to invest in the infrastructure that needs to more housing, take some of the lyric take advantage of soggy record low Interest Rates we have, we should consider that. He set up to 300,000 new homes are needed annually, double the number built in england last year. Labour welcomed the announcement but said it would go further. We committed to 500,000 a year so go further. We committed to 500,000 a year so its less than we would like to see that its a move in the right direction but it needs to be the right type of housing. Social and affordable housing, thats so important. This man has been
Will the rising tide help other stocked. The overhaul now reportedly to be done in stage. And a new echo device likely to be unveiled thor. First up, markets are aiming for new milestones. The nasdaq mitt record highs. As well, briefly surpassing 800 billion in market cap. Then theres the vix. Some people say it takes you back to 93. Jim, our number indicate 2006, but it doesnt fall below ten very often. Remember theres a correlation thats actually not that negative. You should have this in a bull market. Warren buffett says just keep contributing to your 401 k . Im not saying thats complacent. Im saying thats the way people save, and you may say, well, they shouldnt save like that and they have forgotten how much you can lose, but Warren Buffett would say how much did you lose . You didnt lose anything even during the great recession. I think theres a level november the complacency, but a recognition this is how you invest, because we dont have any other plate to invest. His comments