The expenses are by 18 in the quarter. We are very much investing in r rand d. Nestle posts a sales miss in the First Quarter with prices weighing on the consumer. And meta shares sink in the trade despite the beat on earnings as Mark Zuckerberg rekindles fears of a. I. Spending. We have shown we can build leading models and be a leading a. I. Company in the world. Welcome to street signs. We start todays show with the acquisition news bhp confirmed it made an offer to buy london listed Anglo American with the Share Capital of 31 billion pounds Anglo America is looking to review the offer a significant potential deal here we have karen tso joining us karen, outline the potential deal we had this discussion a few years ago. We were all puzzled. We were staring out into the abyss looking for the acquisition. Something changed last year. The san pcompany is preparing fe future copper is no longer discussed as dr. Copper it is now dr. Green in the Energy Transition and future tre trends co
down. the united states and nato and a coalition of more than 50 countries standing strong with ukraine, we will not walk away. that was president joe biden pledging not to walk away from defending ukraine as he commemorated the 80th anniversary of d-day. in this next hour biden will meet with ukraine wherein president volodymyr zelenskyy in paris amid russia s ongoing aggression and tensions over the pace of military aid, and biden then later delivering a major speech on democracy. plus we now have a date when israeli prime minister benjamin netanyahu will address congress as a growing number of democrats and the biden administration have become critical of israel s ongoing handling of the war. and steve bannon has been ordered to report to prison to serve his contempt of congress sentence. we ll discuss why his lawyer brew up over the ruling and how bannon himself responded. good morning and welcome to way too early on this friday, june 7th. folks, we made it to fri
In the u. S. , which we had to reduce our tax asset, reducing completely our tax level in the u. S. , with Significant Growth of our net profit. Swiss re says it is considering a partnership with softbank after better than expected profits and returning more cash to shareholders. We feel comfortable that we have the ability to return funds to share hoholders. And a number of negative earnings limit cap gains in europe as James Bullard tells cnbc that rates should not go up too quickly. The idea that we have to go 100 basis points in 2018, that seems like a lot to me thats price for perfection. Everything would have to go just right. The economy would have to surprise on the upside a bunch of times in the year im not sure thats a good way to think about 2018. Good morning flat open so far across europe the stoxx 600 slightly into negative territory, but not by a massive, massive margin. Its down less than 0. 1 we look at the individual markets, you can see its a bit of a mixed picture t
Policy i think we need more cooperation. That was my message, thats why i believe in this new global pa pact u. S. Tax reform is a big deal for Barclays Says the banks Ceo Jes Staley saying yus europe will need to keep up to stay competitive on one level its clearly changed or will change the dialogue around how countries are coordinating globally both in terms of how to deal with business as a function of r regulation and tax. And diageo sales up. Diageos strength is about topline growth and efficiency i call it the perfect blend. Im akiko fujita live in davos. We have heard from u. S. Treasury secretary Steve Mnuchin again saying he thought his comments on the dollar were clear he said he is not concerned with the greenback levels shortterm. This after the dollar fell further against the euro on his opening comments in davos, saying that he supported a weaker currency. Geoff will speak to the treasury secretary on a panel, the remaking of Global Finance at the forum today, which also
Secretary Steve Mnuchin arrives for another round of talks in italy. I understand theres an ambitious Tax Reform Program in the United States, were watching closely on what is good for the United States and what would be learned by other countries about tax reform. Donald trump calls fired fbi director james comey a grandstanding showboat as he tells nbc exclusively his rational for sacking him earlier this week. You said i accepted their recommendations. You had already made the decision. I was going to fire regardless. Good morning, everyone. Its friday. Glad youre with us once again. We have another packed show for you. Lets kick things off with our top story. Vivendi announced plans to buy a 60 stake in Advertising Group halves have ff s ha havas for 2. 4 billion euros. The step marks another milestone in vivendi chairman Vincent Bollores plans to build another media powerhouse. Shares of vivendi are up 5. 71 . Karen has been following the story all morning long. I wonder what the