The grip on the east continues to slide. We will tell how you can indulge in retail araby with the help of. And told in Retail Therapy with the help of a hashtag. Hello, welcome. It just come 6 00. Bloomberg reporters are standing. Y david tweed is in berlin with numbers from adidas today. Ubs reported profits that surpassed estimates. Profit rose 6. 7 from a year earlier. Our markets editor manus cranny is over there in zurich. Run us through the numbers. What is the number going to be focusing on . I think they are going to focus more on three keywords. Return on equity . Target. King to the we are on the way to the Promised Land. Reducing d assets moving the target on risk weighted assets in the businesses they dont want to be in down to 40 billion. Management brought in new money at 11 million swiss francs. Profits up 24 . The Investment Bank dropped by 56 , but it is those three issues in terms of return on equity, cost, risk weighted assets. Issues take you into discussing capita
The ipo has an initial registration of 100 million in the company is seeking to go public. Jp morgan, citigroup, and barclays are the lead underwriters. It makes wearable cameras that can be used during a variety of activities. To acquirein talks twitch. It allows video gamers to stream and watch their game play for about 1 billion. Wants president obama to curb surveillance techniques. His letter comes after new greenwalds from glenn accusing the nsa to hacking into a criminal before it is shipped to foreign customers. He said it would undermine confidence in the industry. You will join us live wednesday on bloomberg west. We have some breaking news to tell you about. Eric holder will be holding a press conference any minute now on the criminal charge filed against Credit Suisse and we will take you there will live. The service swiss bank has agreed to feel plead guilty to a tax charge. Conspiring to help american citizens invade income tax by using secret tax account. We talkingney a
Psychologically probably is worth trying to ramp things up in the end. Absolutely. Its the charge heard around the world. The stock market is rigged. Author Michael Lewis asserting that to kick off his book tour. We have more reaction. Well examine if average investors would help or hurt themselves by avoiding stocks because of what lewis is saying. We have plenty of reaction coming up. And its dday for obamacare signups, but healthcare. Gov has been sick on and off all day as in it hasnt been working on and off all day. Well have the latest on yet another embarrassment for the new Health Care Law and were going to talk with the ceo of a hospital care company. Theyre the largest Psychiatric Hospital owner in the land about the impact it will have on his business, on obamacare, and on your care as well. Very instructive. As we head into the final hour of trade, lets look where we stand across the markets. The dow is up 133 points. At this point its only about 120 points off its record h
That the rate may have been manipulated lower, which at the surface says people are getting lower mortgages. But remember, it is a zerosum game here. A continuing story. The three banks need to respond to the antitrust complaint in writing and at a hearing. Lets get our morning brief. Overnight, u. K. Inflation accelerating faster than forecast on a higher airfares and shipping costs. That is a little bit in the weeds. No Economic Data to speak of in the u. S. Earnings. Number of home depot just reported. Earnings per share is a little bit lighter than what analysts were looking for. Nate net sales coming in a little bit light. Analysts were looking for 20 billion. In terms of fullyear forecast, it terms looks to be a little bit higher. Additional buybacks over the rest of the year. Early to say if there are any shares trading. We will you know if they move. Goods, dicks sporting and tj maxx will be reporting before the bell. Into it is coming up after the bell. What do you make of sal
We start giving that back a little bit. We did see some big gains across the board. If you check out currencies, youll see right now that the dollar is higher against the euro and the yen. Euro is trading at 11. 3764 and the yen is at 103. 94. And the tenyear note spoke of 2. 8 on wednesday. Thats the highest level its seen in just about two months. You can take a look and see its just below that at 2. 79 . Andrew has some of todays top corporate stories. News this morning, joe referenced it earlier, citigroup federal is under investigation in a criminal probe under their mexican unit banamex. The question for citigroup is whether investors ignored signs of money laundering. Theyre facing a civil investigation in the securities and exchange enforcement unit. Citi released earlier bamamex uncovered apparent fraud. So just when you thought is citigroup was out from under it, it has further reserve about its capital. Also now taking on tesla securities, a notice it intends to appeal new j