Johnson joining us from our european headquarters. Headline number for me unchanged. Guy they will keep the they purchase facility are saying they do not have enough information to make a decision at this stage. Maybe at the beginning of august we may see a rate cut. Sterling has picked up on the back of that, no rise to see what is happening. We will have to wait a few more weeks before we get that decision. Everybody waiting to see what will happen. I do not know a reflection of whether they believe a rate cut will have zero impact on the u. K. Economy, or want to see the effect of the brexit referendum story will have. It a stronger pound, kneejerk reaction in the fx market, yields higher off the back of the 10 year gilt yields around 0. 7 . Is this to do with a lack of data . All we have is a confidence survey. A bit of data but not much. Sentiment about consumer there are not much indications that some businesses are delaying investment and hiring, some signs pretty brexit vote st
Money have been enjoying lately seems to be fizzling out just a bit. The dow is down, not by much at all, about 22 points, but with todays drop that takes the dow negative over the past month. Melissa. Melissa lee. Heres what else is happening at this hour. A bunch of retailers missing the market. Another dose of earnings reports, target, lowes, staples all sharply lower. A brazilian judge ordering u. S. Olympic swimmer ryan lochte to stay in brazil as authorities investigate his claims of being robbed at gunpoint. Lochtes already returned to the u. S. Well have much more on this story from rio ahead. And speaking of the olympics, medals keep rolling in for team usa, america leading the medal count with 84 in total. China trailing with 51 followed by great britains 50, tyler. Melissa, thank you very much. Im tyler mathisen. Welcome everybody to power lunch. Weve got a very busy two hours ahead beginning with that big reboot shakeup inside the Trump Campaign staff. Is this whats needed
An indisputable fashion, annuls the austerity and indisputable disaster. At the same time, greece, at the same time still needs more financial aid. The web tech media down almost 3 in new york to a little more than 44 a barrel. Brent crude is trading below 40 a barrel. There is growing speculation of the oil got will persist. The new king is expected to maintain current production policies. Another sign that Chris Christie may run for president. He is creating a Political Action committee that will allow him to raise money needed to seek republican support across the country. He is expected to decide side to decide by the spring whether or not to run. And irish a line an error gyre line offering 1. 5 billion, and deal requiring the backing of aer lingus shareholders, ryanair. Two earlier officers two earlier offers were rejected. In the northeast, we in new york and northeast of new york, are bracing for what has been called a blizzard of historic proportions. The storm may be one of t
Labour are now and neck. It is a nationwide campaigning marathon. Mark welcome to countdown. Caroline im caroline hyde. Anna mark can germanys biggest carrier complete its turnaround . We will bring you the numbers as they break. Caroline plus exclusive interviews you dont want to miss. First, rayban maker making the second version of google glass. We will speak to the chief executive in a couple of hours. Mark we catch up with the finance minister in another exclusive conversation. Caroline ubs reported firstquarter earnings that beat analyst estimates. The profits almost doubling it jumped 88 . All divisions beating analyst estimates. Investment banking up 81 . We had plenty of volatility in fixed income and equities. Meanwhile, Wealth Management saw profit up 54 . 14. 4 billion. Very interesting. They will be changing the pricing amid negative rate outlook as we see many going into negative territory. That could affect the amount of customers they have but they feel they will have n
Nicole the profit numbers missed the analyst expectations. Farm equipment maker actually reported weaker than expected numbers. Some expenses that cut into their earnings. And a stronger dollar also played a factor. They know that was something of an issue. As far as 2013, where did they expect growth . The Company Expected south america to show the strongest demand in 2013. Lets take a look at the dow jones industrial. Up 21 points. So far, we still have a winning week on wall street. We will see if this is our winning week. Back to you. Connell thank you very much. Dagen there is no way around it. If congress cannot get its act together on the fiscal cliff, taxes for the vast americans will go out. 90 of households in this country will pay higher taxes if the u. S. Goes off that cliff. With low income families among the hardest hit. Connell charlie wrangle, congressman from new york, he is here in studio with us. We have to get a deal done. It would be irresponsible for congress to g