I am guy johnson. What have we got for you . A bloomberg exclusive. We are going to speak to the ceo of accor about the hotel and tourist industry. We are going to talk about French Economy as well. Tesco launches a new version of this tablet called the huddle. Unnecessary distraction for the sampling the struggling supermarket . I have actually got one here. It is wrapped up. This is from tescos pr. This is Christmas Morning for me. We are not allowed to unwrap it for another hour. We will see what it looks like. Should tesco be investing in that kind of stuff . First, lets talk about jobs day. We are watching the worlds most important economic indicator, forecast 250,000 new jobs added on the month. Jon ferro is here with more. Where does that take us on the path to rate hikes . Good question. I am more excited about this number than this box. You want to be here to unwrap it. May be. The quality of the wrapping leaves something to be desired but anyway. , even withwth disappointing
Welcome. Youre watching the pulse live from bloombergs European Headquarters. Were here in london. Im guy johnson. Im francine lacqua. It was a beat for barclays. An extra 750 Million Pounds were set aside for the currency probe. Anthony jenkins spokes to us first. This comes back to how do you reshape a beast . Do you cut off the legs . Do you cut off the head . What do you do . Jenkins is trying to put his stamp on this bank. He is dealing with expenses. He is dealing with legacy issues. When it comes to Foreign Exchange, that is a perennial issue. He didnt settle before christmas where he would have got a discount for doing so with a number of regulators. My question is should you gone with the rest of the crowd and taken that hit a little bit earlier. Did he make a mistake . He was quite optimistic though on the overall performance. We are required to provide what we can reasonably estimate at this time. I cant completely say that will be the end of the Foreign Exchange version, th
The iea the International Energy agency with its oil market report. Having bottomed out in the Second Quarter of 2014, Global Demand has steadily risen the record u. S. Oil glut is continuing to cut prices. Well keep an eye on oil. Quite a lot of volatility and fluctuation. Opec joining the conversation. Brent at 57. Tensions high in europe as greeces Prime Minister meets with the president of the European Commission in brussels. Greece formally complained about Wolfgang Schaeuble. Lets bring in hans nichols in berlin. Marcus is in athens. The spat between Wolfgang Schaeuble and varoufakis is very public. Hans we had a formal complaint tuesday night from the greek ambassador to germany lodging a complaint claiming that mr. Yanis varoufakis called him foolishly naive. Here is what mr. Wolfgang schaeuble said. He was commenting on mr. Varoufakis communication strategy. Some greek papers and markets might be in a better position to talk about this. Mr. Schaeuble said to be called for shal
During conditions like this, it is extremely difficult to know how well get there. We do have teams in the area. Theres heavy casualties there and injuries. These are far, remotelying villages. Olivia heres what it looked like on mount he have rest the moment the earthquake struck. At least 19 people were killed there, including three americans. One of them was a google executive. The other two were a denverborn filmmaker and a seattlebased doctor originally from new jersey. Helicopters evacuated almost all of the 188 climbers who were stuck on the mountain. And Deutsche Bank is planning to make major cost cuts to revive its profit. Lenders are reducing costs. It will shrink its securities business and cut back in its ownership of its postbank consumer unit. One analyst estimates Deutsche Bank could cut about 3,000 jobs in its Retail Banking division, and even more at its Investment Bank. And Opening Statements are set for today in the colorado Movie Theater massacre case. James holmes
Im francine lacqua. Were just getting some breaking news. This is the i. F. O. Just breaking in line with expectations. The expectations for the future are a little bit higher. Germany is strong. They are certainly outdoing french. You look at the p. M. I. Numbers. Not difficult. You got some 47s from france and mid 50s from germany. Another piece of fairly strong data, pretty much in line with expect aations. A little bit of weakness maybe at the fringes but nevertheless germany still showing signs of strength. We have a guest hose for you this hour, jim oneill. A columnist for bloomberg view. Very Quick Reaction on this i. F. O. Number. Going strong. Actually the latest i. P. Numbers were not so great in germany. The surveys are strong. The Current Assessment is it is not the first time Current Assessment disappoints. It has gone on for a long time. Kind of boring. Lets move on. Our markets editor, manus cranny has more on how prepared the markets are for a possible december taper. P