State of the nation address today. Welcome to bloomberg daybreak europe. They probably ensure your house and probably. Operating profit from pimco is in line. I do not think the opportunities of what to buy are they not think the opportunities of what to buy are they not seeing the opportunities of what to buy . Operating profit was 1. 3 one 1. 31 billion. The overall dividend is an uplift for this company. They are on track to deliver 3 year renewal agenda targets. For the Fourth Quarter you are seeing the income be on the numbers beat on the numbers. You had California Wildfires in the worst Hurricane Season in history in the United States. With all of those headwinds, this Company Managed to up the dividends. Promised histhere first repurchase in the first half of 2018. Are they looking at xl . That is the question. This is the picture over the last three months. The market was thinking that this was a tough time for the company and the rest of the industry. Allianz. The ceo of l he
Facebook guy, worth 42 billion, 9th richest in the world. A victory for technology and the sharing economy, new york backs away from restrictions on uber. And hes back Anthony Weiner hes got a job, consults on pr nightmares. Hes qualified. Varney company is about to begin. Here is something you dont see that often, right of Center People im going to call them conservative on this issue, taking to the streets by the thousands in times square to protest the iran nuke deal. Ashley webster is here. I dont think he was there last night. I was not, but we normally talk about the silent majority not the case this time. 8 to 12,000 people flooding into times square. I cant imagine the nightmare. It was organized by a group called stop iran now. And they loudly booed any mention of president obama or Hillary Clinton, basically they were saying look this is a bad deal for israel terrible for the country, and we cannot let this go through. As you mentioned already, this thing has been passed by t
Will join us on set and talk earnings, technology and perhaps future were watching Hurricane Irma. President talks tax reform today. Europe is relatively mixed our ten year yield below 207 this morning stocks set for a rebound futures point to a higher open big tech leading the premarket. Its one of the most powerful storms recorded. Puerto rico and the florida coast bracing for land fall by this weekend. Meg whitman on set. The ceo joins us live at post 9 in just a few minutes. Futures are in the green following tuesdays sell off in which financials suffered the worst day since may. Treasury yields hit the lowest level of the year. We talked about banks yesterday getting hit by not just the lower rate environment but the prospect of insurance pay outs. They were pressured across the board. Plus all the dovish fed speak is getting people to say maybe the banks wont be helped by a regular tightening path next year and that all came to pass youre not seeing any real concern about Financi
More. You get crude getting hammered over 1 percent. Bac back toess get be fourth of july recess. Senate republicans promise to get their bill out before the recess. But they only have three weeks done. That European Central bank gets together with officials with the of European Finance greece. S with well getting new York Fed Survey on u. S. Expectations. Healthcare fight will greet lawmakers again as they trickle this week. Capitol Senate Majority leader mitch to find enoughg votes to miser the measure. Trumporning president tweeted, i can be the imagine that congress would leave a beautifulithout new healthcare bill for me to approve and ready to go. Met last year met with a russian woman to provide informationdamaging on hillary clinton. The meeting took place in june 2016 after his father had secured the republican president ial nomination. The fbi and congressional investigating russian interference in the election and whether theres an members of theen Trump Campaign and moscow.
Ranges i agree and it occurred to me again why the market went up yesterday, we just dont know how to enjoy good things, good times. I mean, it really looks like we have maybe progrowth policies, Interest Rates that will probably still stay low. Inflation that probably wont be a problem. Everybody is worrying about Profit Margins hitting peak because wage gains will start hurting Profit Margins its bad for income inequality, but in the meantime Profit Margins stasy sustained. Everyone is saying its overvalued, but are we missing the point that there is like a perfect storm . Yeah, and yesterday you were talking about Profit Margins and once wages go up, Profit Margins by definition have to come down. But i think and im guilty of this all the time. We make this more difficult than it has to be to your point, maybe it is this simple now and i think the intelligence i cant, they try to figure out ways where ty the market will go lower. I cant, they try to figure out ways why the market wi