I am manus cranny. Coming up on the pulse, well be speaking to the former a tie in finance minister and the bank of italy director general emeritus the british co simon money emeritus fabrizzio saccomoni. Angela merkel warned that the clock is ticking. Time is running out. Where emphasizing the social cause they need to be made. And on to resolve the situation as it is. Manus let us get to our team. Guy johnson in athens. Once nichols in brussels. Hans nichols and brussels. Guy, let us go to you. It is about the banks. European Central Banks is holding Europeans Bank is holding firm on what they loaned to the banks so far. Guy paul will give you the details of what is happening. The Banking System remained shut. This economy is grinding to a halt. The agency said about depression. That is what it feels like at the moment. Businesses are shutting up. They cannot get more credit. Npls were already bad. They are going through the roof at the moment. The greek tagging system has enough cas
Anna welcome to countdown. Im anna edwards. Ryan im ryan chilcote. Anna at 6 00 lets have a look at the tech sector. Lets start with apple, because i have a chart here that shows the afterhours move we saw this was even after the Company Reported a record thirdquarter profit number. Revenues were disappointing. Ryan this threatens to remove again that apple saw that huge rally of almost 10 . It could be one of the biggest losses ever. Anna more generally, this was the biggest tech rally since october. Will that change in the session today . We have lots to talk about. Apple was just one of a few tech giants that reported in yesterdays session. That came afterhours. Lets get Caroline Hyde and paul sweeney. Great pleasure to have you. Lets continue the conversation with apple and what it is. Caroline its phenomenal when you put it in perspective we could see 66 billion dollars worth of its market cap erased. In perspective, that is more than bmws entire market cap. It is a record thirdqu
It is just 6 00 a. M. In london. Guy Commodity Prices and what has been happening to the rba. Dropping a critical line. It is focused on commodity adjustment and how it is feeding back into the aussie. Anna just a few months ago, the rba talked about needing further adjustments. The currency is down by 35 . Now, we are seeing a little bit of adjusting. Guy this is the aussie dollar versus the dollar. You can see a nice little spike happening here. A little bit of context is required. Let me show you some different time frames. This is the one year. To give you a sense of the declined we have been seeing. And the fiveyear. Anna it is a hurdle for any kind of further rate cuts. Lets talk about this in a little bit more detail. The bank of australia has cut the key interest rates. Bloomberg juliet is standing by with an update in hong kong. Tell us the latest. Juliet a nice surprise today from rba. Rates are on hold. Where carefully watching the language in the upcoming statements. Bloomb
Eases the strain as the city looks ahead to the olympics. China has a puzzling problem, the labor market tight, unemployment low, yet wage Growth Continues to be week. Weak. We rarely talk about Wage Inflation in china. The other thing counting down to the open in china, last week, we that roller coaster ride brought together the nasdaq have a look at my chart btv 6495 on your terminal. We are looking at valuations about the same, 35 times current earnings. Is downhelp the chinext 14 while the nasdaq is up 18 . Perspective,ion right at parity. We talk about the nasdaq the nearer ring of that gap. We have a huge week when it comes to tech earnings, amazon, facebook, twitter, also big financials. That will determine the tech rallysoftware that goes from here, then looking ahead to the fed and u. S. Gdp at the end of the week, the imf report also interesting to see how they see u. S. Economic growth. On the last one, they did downgrade it. We are 30 minutes away from the open. Southeast a
Interesting the bernie ost as many are supporting our campaign as our Hillary Clinton. Host rachel from tennessee, good evening. Hello, how are you . I have some questions regarding the Foreign Policy. Really participation within our state department and in congress and in the executive branch, exporting weapons to saudi arabia who im sure you sell what happened saturday, the atrocity bombings of a funeral. I am wondering how would you deepe what i call the state . It is also against the law for our government to participate in groups,with terrorist giving them weapons and then also the drone program. They are building 100 million or billion dollar drone base in africa and i am just wondering how can the people in washington be held accountable for working with terrorists . Host thank you for the call. Ms. Stein really great question and you named a number of critical issues. This requires many steps in order to deal with. The first step is for us to stand up and have leadership that s