On the move. Businesses in catalonia relocate their legal headquarters for fear of isolation if the region declares independence from spain. And it was hailed as a system to simplify tax collection across india. 100 days on. We talk to businesses who are struggling to make the change. Welcome to World Business report. Im sally bundock. Over the weekend, more businesses in catalonia said they are taking steps to prepare in case the region does try to break away and declare independence from spain. The Central Government has passed a decree making it easierforfirms to move their legal headquarters away from catalonia, with companies no longer needing share holder approval. One of the countrys biggest banks, sabadell, and one catalonias largest savings banks, casha, have done just that, in an effort to make sure they continue to have access to eurozone funds in the event of a declaration of independence. And there are warnings there could be a dent on investor confidence. The Ratings Agen
This is what i am looking at. Most in europe give us the action today. Chinese exports seemed to be underscoring the resilience of the global recovery. We are also looking at crude, claiming climbing above 51 and record climbing above 51 a barrel. Bitcoin at a record. Lets get to the bloomberg first word news. Nejra European Central Bank Officials are considering cutting monthly bond buying by a half, starting in january. The program may be kept active for at least nine months. They said reducing quantitive easing for 30 230 billion euros a month is a feasible 30 billion euros a month is a feasible option. The president of the atlanta fed sees says he is not sure the fomc will raise rates in december. This quantifies a strengthening inflation. I think there is much more to learn about what is happening in terms of inflation dynamic. I would say that inflation is starting to pick up. Chinas overseas shipments rose from a year earlier, narrowly missing estimates. Imports rose. That resul
Confirmed it has contacted the swiss banks management and says it will unveil its plans shortly. According to the financial times, rdr is hoping to tap into the Turnaround Program, a look at the stock this morning, up nicely to the tune of 2 . Credit suisse issued this response to cnbc saying while we welcome the views of all our shareholders, our focus is the implementation of our strategy which is well on track karen has been talking about this story all morning long. I want to continue that discussion with her. Im a bit flabbergasted by this. This is a share holder who holds 0. 2 of shares, not a big fish do you think hell have any success here hes an interesting character and has a track record he was trying to educate for higher share prices in other companies, and is involved in gama, he is taking on a bigger fish with Credit Suisse. When you think about who is also on the share registgisteregistee harris associates, they are a hedge fund that wants a stronger return, even though
Those big techs heavily owned and closely followed pete, especially on this desk you own microsoft and intel calls. You have a big idea of where you think this space could go next. Right ive been talking about the value prospect of this entire group for a long time, but its not about value, its also about growth if you look at the growth aspect of intel, look at the acquisitions they have made. They have continued to grow themselves into a. I. , all the different areas of growth. Thats what they have needed to do they have done a great job of executing on that. And we said the day he was hired at microsoft, its time to own this stock once again. That stock was 35 now youre talking about nearly an 80 stock why . Because this guy actually had the Vision Forward to say, you know what, the growth is in the cloud. Thats what microsoft is going to become. Thats why tech is working, because they didnt just stay old tech they have gone to the next level and they have found growth. Joe, this is
Andrew levin, whos professor of economics at Dartmouth College and former adviser to former fed chair ben bernanke victoria fernandez from crossmart Global Investments is in houston congratulations. Thank you. Peter costa from empire executions is sheer at pohere a9 with us. Rick santelli is at the cme. Were going to get reaction later from former Federal Reserve governor larry meyer with us and Richard Fisher well get color from them on the new nominee, the impact he will have on the Federal Reserve Going Forward. Steve, lets start with you. As we await the president , to come out of the oval office which could happen any moment here, hes considered the safe pick why . Well, i think because he doesnt want to have a huge change at all in policy. Doesnt he loves the way the markets have been behaving doesnt really want to upset that particular apple cart look, were not sure whos going to be appointed, bill, but i thought we might just talk about the bio of Jerome Powell, how about . The