Investment bank overhaul as early as today. Manus you are welcome to countdown. Anna a warm welcome to the program. We are getting some breaking news, as we suggested in the headlines. Breaking news on credit squeeze. Manus five months into the restructuring. Of 1. 7 billion swiss francs. Cut 2000isse will additional jobs. In terms of cost cuts, 1. 7 billion swiss francs in 2016. 4. 3 billion swiss francs in 2018. You have a rising in terms of the cost savings. By 2018, a net cost savings of more than 3 billion. Operating cost space will be less than eight teen billion dollars. Originally, they said it would be 18. 519. Anna accelerating this restructuring in various areas. Manus they are exiting distressed credit. They are to exit the Global Markets efpt division. They will exit Global Markets longterm. Illiquid financing. Speculation that various institutions had been talking to Credit Suisse about their portfolios. This is trying to produce more assets which take up so much p this i
Stephanie you have been watching a moment of silence in brussels as the city begins three days of mourning. The attacks yesterday have so far left a total of 31 people dead and 230 injured. For the latest on the investigation, we are now joined by bloombergs ryan from brussels. Yan, give us the latest. Ryan well, were learning an wful lot from the people who started the attack. Police apprehend adamant that is the mastermind of the attack. He is a 24yearold of an individual. Going into today, he was in syria in early 2013. And then a very minimum, he was an associate of one of the participants in the terrorist attacks. So as we look at the belgian and french Prime Ministers there at the mourning ceremony for the People Killed here in brussels, you can bet that they will be also talking about how they can better coordinate to make sure there are no more terrorist attacks. Stephanie while clearly today is a day of mourning in the city of brussels and across europe, as far as business goe
News in europe even before the attack. We have a chart to show you what was happening. So, less than half an hour away from the european open. This time yesterday, we were dealing with what was happening in brussels. The market pushing beyond that fairly quickly. On the equity front, looks like we will be slightly positive. Button, pushing the you get this fair value cut collation. Looks like the euro stocks will be up by about half a percent. They rose into the close yesterday. That is a significant take away. The ratio may be position for negative news. We show you that chart little later. Also this one here, an extension of a story we were bringing you yesterday. I would say is brexit positioning. The pound affected down, you. Hen had data it is sort of a risk off story at the moment. Ae eurodollar is pushing little bit lower, so be aware of that as well. Heres the bloomberg first word news. The belgian state broadcaster has identified two brothers among the suicide brothers bombers
Additional suitcase bombs, one at a house near the airport where this day of horror began. Tonight police are hunting this man, as yet unnamed, seen in the airport with two others. Those men officials believe blew themselves up moments later. The check in area filled with smoke. Baggage and childrens strollers abandoned. A woman in shock holding her child, cowering in the corner. Lots of people were covered in blood. Everyone is crying. And i just yes, its the first time i saw such a thing in my life. Reporter many injured, bleeding, and many dead, killed by bombs packed with nails, isis claiming responsibility for the horror. Outside, shattered windows and fractured nerves. Hundreds fleeing onto the tarmac, smoke billowing from the airport building. You just feel like a wave. Reporter then an hour later, more carnage. A subway cars doors blown out just as the train was pulling out of the station. Passengers escaping aof long the track while heard along the tunnel screaming. Everyone w
Record. He has been talking for more than a year about doing things that he, obviously, hadnt really studied or understood. This guy standing over there talking about new york values with hatred, with hatred of new york. Lets be clear. The people of new york know exactly what those values are. They are the values of liberal democratic politicians. In central alabama, a possible tornado touchdown down overnight. Winds across the plains are scorching 55,000 acres. Pretty scare. New details about fbi unlocked the iphone used by one of the San Bernardino terrorists. Country music hall of famer Merle Haggard died on his 79th bir birthd birthday. Our concerns about zika have only increased. A School Police officer body slams a 12yearold girl in texas. Jennifer, are you okay . All that. Young and old having a great time at the masters annual par. Iii contest. Good putt reaction. Maybe one of the best hole in ands was from 80yearold gary player. Cruz has momentum and a real chance he could tur