Exceptionally good guests this hour, and we will begin with a moment. Haass in an extraordinary place we are in right now, waking up to the imagery of a darkened white house. The president choosing not to speak to the nation as wasnt dissipated last night. To the north across lafayette , a boarded hay adams. A fire in the historic st. Johns episcopal church, the church of the president s. Pew 54 is where they sit, although lincoln sat quietly in the back. The protestsct to in continental europe. Your thoughts on this file and we can. Jonathan i dont think anyone needs my personal thought, not from a journalist whos barely left his apartment in the last three months. I dont think theres much value protests in the europe in the United States. Theres a deep history in the United States. The plea unsettling to see the equity market emotionless against the backdrop of the weekend. Commentt uncomfortable beautifully, absolutely nails it. Alm iscomfortable c also in the fixed income space. It
The ousted Catalan Leader, Carles Puigdemont, is facing a spanish arrest warrant as eight former colleagues are detained in the wake of the disputed independence referendum. And the most endangered ape in the world, a new species of orang utan, is discovered in indonesia. Its 5 oclock. Our main story is that the bank of england has announced the first rise in Interest Rates for more than a decade, in order to curb the rate of inflation. Members of the Banks Monetary Policy Committee voted by seven to two to raise the official bank rate, from a quarter to a half of 1 . And there could be more rises to come in the months ahead. The decision will mean higher Monthly Payments for millions of households with variable Rate Mortgages. But the banks governor mark carney said households across the uk are generally well positioned to deal with the rate increase, as our economics correspondent andy verity reports. The bank of england may look exactly as it did the last time Interest Rates rose, b
Youre watching the pulse live in our European Headquarters. Germanys finance minister said the e. C. B. Has now run out of ways to help the eurozone. That puts the burden on governments to spur Growth Without critically running excessive deficits. Data will be out in one hours time. He spoke with caroline at the annual meeting. What mario draghi is saying again and again is that it is not to the e. C. B. To implement because Monetary Policy cant the parliaments and we agree 100 , Monetary Policy policy has to take its responsibility. Monetary policy can only buy time. The underlying problems. Fiscal policy. Economic policy. In this globalized economy we have to work for ongoing again and again to announce competitiveness because markets are changing very fast. If you look at what is going on in the global economy, there are varying problems. Every member said we have to stick on to enhance competition. If we will be come placents, even in germany, we are fine tually but if we would not
It is the time it takes the new ceo to get in the door has also been cut. Newly three years of toldioration. I have you the stock could fall 12 . I will be talking about that shortly. Gains. Week of is still there. You look at inflation in germany. This was the bane of the European Central bank. Spoke to city tomorrow. They say euro needs to drop another five percent. You need to see it down one dollar 20. Add. Ould there are 1000 Russian Troops on ukrainian soil. Obama is talking about consequences. Equity market seemed to be focused on the ability of mario draghi to deliver something. Equity markets are trading higher. They have not uncrossed yet. We see a range from four percent lower to possibly 10 lower. Have a cut in terms of x then the teacher. Caroline will take us through those numbers. When it comes to luxury this is a different story. The first of 2014 justifies the outlook for the rest of the year. Earnings driven i asia, driven by supply constraints. That is the stock to t
The bulls eye on target as the retailer has its Earnings Report since it suffered a Security Breach during the massive holiday season. U. S. Senate Panel Investigating tax evasion has accused Credit Suisse of using cloak and dagger tactics that belong in a spy novel. It alleges c. S. Bankers made 150 trips to the u. S. Between 2002 and 2000208 orchestrate a large scale tax evasion scheme. Some of the things Credit Suisse is accused of operating remote controlled lifts, and bankers accused of filing false visa applications pretending they were tourists and advising clients how to dodge u. S. Tax laws. The Senate Hearing kicks off late today, shares trading at the bottom, just down just over 3 in trading today. The firm came out to say it considers its insurance policies for wealthy u. S. Citizens to be tax compliant. Credit suisse has been preparing for investigations into its products known as insurance wrapper wrappers. The long arm of the u. S. Treasury, by the way good morning, ever