Productivity is dead in the water. Dont be moving around in the markets. Bit e we talk order talk auto business at the motor show. All coming up on bloomberg best. Francine hello, i am francine lacqua. Best abloomberg weekly review of the most important Business Analysis from Bloomberg Television around the world. But stick on lets take a day by day look. This is a bold policy step from the bank of china. The big story is the Chinese Central Bank is cutting the reserve requirement, reducing the amount of capital that the banks need to hold in reserve. This is hot on the heels of one of the biggest months of new credit growth in china. Is that a story . Jonathan this is both a significant surprise and a significant move, especially when you consider the amount of liquidity they have already pumped into the system. In the near term, that will add , andedit growth in china of course that will help the economy grow, in the short term at least. And of course, it comes at a time when they ar
It very bruised apple. 45 billion in market cap is lost as a 50 onequarter growth streak is shattered. Has peaked iphone come and gone . We are going to talk about apple and the fed, but its all about the banks. Were going to talk to santander. My assessment of the banking reporting season is expectations were so low that actually trying to make a beat happened and isnt as hard as you would of thought. A good think thats point. Its a lot like the show. Expectations are low. People may watch it. Santander and barclays, even though we did have a difference onbarclays had a big loss the estimates, and santander Beat Estimates one thing they have in common, they are losing loans on commodity loans. That get us back to the oil and gas sector. We need to press them on how bad are their Energy Sector loans. Guy its going to be fascinating to hear what they say about the low Interest Rate environment. What was interesting about barclays, they cut the retail part of the business, which now make
Woodruff all that and more on tonights pbs newshour. Major funding for the pbs newshour has been provided by and with the ongoing support of these institutions this program was made possible by the corporation foro public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Sreenivasan a few hours from now, theyll be counting the votes in new yorks president ial primary, and for the first time in many years, the results could be critical. Broth frontrunners lost momentum after a series of defeats in recent weeks, but convincing victories in new york could change all that. For republican donald trump, winning big tonight might help avoid a contested g. O. P convention this summer. For Hillary Clinton, a goody night wold boost her already big lead in delegates for the democratic nomination. Still, theres no sign their rivals plan to drop out, regardless of what happens tonight. So the candidates kept at it today, even as new yorkersas headed into votin
Woodruff all that and more on tonights pbs newshour. Major funding for the pbs newshour has been provided by part of the corporationst small ship line offering seven day cruises to three cities in cuba, exploring the culture, cuisine and historic sites. More at family. Org. Lincoln financial, committed to helping you take charge of your financial future. And with the ongoing support of these institutions this program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. The polls have closed in newe york state and as expected its a big night for donald trump. The front runner will win a commanding victory over texas senator ted cruz and Ohio Governor john kasich. Hes hoping his win is big enough to sweep the delegates at stake. On the democratic side theres no projection at yet. T Hillary Clinton was hoping for a big win over Bernie Sanders for 291 democratic delegates. Both trump and clinton have suffer
It helps if the Investment Bank swings into profit. One thing that they did do was put forward profitability targets. We are still seeing if it will react. It doesnt look like it is moving quite yet. Announced 15,000 job cuts. That will raise capital 5. 1 billion. It also had that unexpected quarterly loss. It looks like it is moving down 6 in london trading. This posted a surprise increase in thirdquarter profit. That is the stocks we have been watching. Were still waiting for ubs to open. Who just bring up the aussie dollar. It has been getting against most of its major peers. They sent product prospects to economic concerns in recent months. Speaker we will talk about the rba and a couple moments time. Here is what is happening in todays program. The image and scandal spread. Then, the rba holds. Breakoute surges and talks over dinner. The eu reform demands a day after meeting with the german finance minister. Ubs, the Worlds Largest wealth manager has reported require net incomes t