Scenarios. Nejra unicredit shares close emerges as theo top contender for the top job at hsbc. Nejra welcome to bloomberg daybreak europe. Overnight, we learned allianz will buy back 1. 6 billion in shares. Allred headline is saying youngs sees operating profits of 11. 512. 5 million euros. The estimate was 12. 4, so that is in line with what was expected. Revenue is a beat on that number. Areyear operating profits 11. 86, the estimate was 11. 7. We will be looking out for a potential positive rebound in the solvency ratio, which is something that showed weakness in recent quarters. Update already had the on the buyback program. We learned the Program Starts next month and runs through december. This is part of returning capital to shareholders because the ceo was unable to pull off big deals he was looking for. That is something we will discuss with the cfo later in the show. Dont miss that interview at 6 30 u. K. Time. We saw records in european stocks on wednesday, but since then, i
What will be watch . We will watch wage growth. Good morning, this is bloomberg surveillance. Guy johnson is with us. There is a really dramatic photo of a helicopter dropping down on a cruise ship. What is the mood in the london weekend . Guy the mood is everyone is trying to figure who has what. We dont have enough test kits. Knowledge as to wether or not this is spreading quickly, slowly, how we people have it. It does not exist right now. Tom i believe it would be called unknownunknown. Screens tothree data start things off. With our first word news, here is viviana hurtado. Viviana we begin with the coronavirus. Almost 100,000 coronavirus cases have been diagnosed globally. The majority in china. Beijing reporting the number of new cases and deaths are falling. The u. S. Outbreak is getting larger. There have been more than 130 cases reported and at least 11 desperate there is a key to wether the Central Banks cut rates again. This from robert kaplan. He is looking at how fast the
He believes authorities are in control. There is reason to have confidence in institutions and italian authorities. European union is perfectly confident on what the italians are doing. But i repeat, there is no reason for panic. And in an exclusive interview at the g20 in saudi arabia, u. S. Treasury secretary Steven Mnuchin tells me its too early to determine the impact of coronavirus on the economy in terms of the Economic Issues, its tough to have strong predictions on the Economic Issues without being able to predict the health outcome. So i think were going to need another three or four weeks to see how the virus reacts namaste, trump the u. S. President addresses a 100,000strong crowd as he kicks off his state visit to india hailing the countrys economic potential and touting a trade pact we will be making very, very major among the biggest ever made trade deals we are in the early stages of discussion for an incredible trade agreement to reduce barriers of investment between th
Fed funds rate the chairman talking about the action and admitting that the cut may not be a cure yall, so to speak we do recognize the rate cut will not reduce the rate of infection or fix a broken supply chain. We do believe our actions will boost our economy. Avoiding a tightening of the conditions that will help boost household and business confidence. Then stocks whip sawed with stocks ending down yesterday, the yield dropping below 1 for the First Time Ever take a look where we stand now at. 94 as we speak quite a bit lower quite a day. You want to get ahead of these things but can you we were up 1,300. I know. Im not listening actually i do want to know your predictions. He would shave to do it at some point i think there is no winner here exactly if they didnt cut, you are skpengting why didnt they cut and the markets go down . What do they know nobody else knows. At this point, it is pure insurance trying to loosen liquidity. You look at people looking at mortgages. I locked i
Many expect to more in the first half of the year. Time now for global exchange. We are going to bring your todays market moving news from all around the world. From hong kong to new york to washington, or bloomberg voices are on the ground with this mornings top stories. Coronavirus cases around the world are over 93,000. Joining me now is yvonne man, and with some data to go with it that is not so supportive. Yvonne right. South korea now topping 5600 cases. The government there now seeking 9. 1 billion to help businesses. We have seen surging cases in italy and iran. Rate for this is now at 3. 4 . We also saw in the u. S. , reporting its ninth death, and china, more signs of containment. We saw the number of total cases have topped 80,000. We also learned of 15,000 that dischargedred and from the hospital. China come of the total death toll now at 2981. We saw car sales out of Mainland China falling a record 80 as this virus keeps shoppers away, and you see more pressure added to th