Tom good morning, im Tom Mackenzie in london, these of the stories that set your agenda. Ubs has a big earnings beat. This was slender says it expects the merging for Credit Suisse to be completed at the end of may. We will bring you an interview with the ubs ceo in an hours time. Stocks in asia follow the u. S. Higher. All my hopes the fed will cut rates this year. The yen weakens against the dollar after japans effects chief says intervention is needed if markets are orderly. Plus, israel projects a ceasefire proposal backed by hamas after the militant group agreed to the plan. Israel vowing to push ahead with military operations in rough. It is another big week on the earnings front. Ubs coming through. Decent beat in terms of net income and profit, continuing to look in terms of the interview we have a the ceo with any comments on the capital plans, we know the swiss governments plans around capital allocations and the requirements there are essentially for this lender. Coming thro
Your market is negative this morning. Tk, your headline of the we can come israel is or. Tom bond market close. We will cover this continued bond debacle but certainly front and center in the news, still happening according to our people in tel aviv, this is a dynamic story on a typical monday morning. Jonathan we have to work through 3 this morning. Where is this going next . The big one for many after seeing the shocking images, how on earth did this happen . Lisa it shook a sense of security, invincibility, intelligence. The ability to foresee what was going to happen within israel. At this point there are a lot of questions as well as how far this will percolate in a geopolitical sense. How this will really affect the israelisaudi arabia packed that was in the works of the past couple of weeks and months. Jonathan through equity market pulling back on the s p 500 by 0. 6 sent. Looking or exchange market, the dollar is stronger against the euro, and there is the move in the oil mark
Youre watching deprecation coming to you live from new york, sydney and hong kong. Counting down to asias major market opens. Australia has just open for trade, the top stories this hour. Asian shares poised open higher after that this comes from fed officials, oil and gold Holding Gains in the aftermath of attacks on israel. Benjamin netanyahu says that retaliation has started against hamas as militants are warned they are prepared to kill hostages. Plus, xi jinping meets u. S. Congressional leaders facing criticism for chinas stance on the middle east conflict. Look at how u. S. Futures are trading in the Asian Session, not a lot of movement after we saw the s p 500 gained ground in the new york session. We did have Energy Companies really leading today given that oil prices were higher in the new york session. We are holding at 86 per barrel and they jumped more than 5 . We continue to watch the implications of a wider conflict in the middle east. Although the u. S. Has said that it
Know how to do interviews. [laughter] i have learned from doing my interviews how leaders make it to the top. Jeff i asked him how much he wanted. He said 250. I said fine. I did not negotiate with him. I did no due diligence. David i have something i would like to sell. [laughter] and how they stay there. You dont feel inadequate being now the second wealthiest man in the world . Is that right . [laughter] two of the best known individuals in american politics have been bill and hillary clinton. Bill served as president for eight years. Hillary clinton as first lady but also u. S. Senator and secretary of state. I had the rare chance to interview both of them together and i think their insights are interesting for current affairs, not only about what they have done before but what they are working on now. [applause] president clinton, lets talk about current affairs. What do you think is the likely outcome of ukraine . Do you see any resolution of that in the near term . And, secretar
Bond traders price of fed rate cut one month earlier in november ahead of todays key u. S. Jobs report. Apple jumps after hours as it forecasts a return to sales growth. The iphone maker announcing a 110 billion Share Buyback, the biggest in u. S. History. In europe, the focus switches to banks with french lenders in the spotlight. Socgen reporting a profit beat as equity traders help lift results. A beat across the french lender. First quarter net income coming in at 1. 9 billion euros. Profits comfortably above the estimates of 1. 5 billion euros. Full year underlying net income at 6 billion euros. Rev knows for the First Quarter, 6. 8 one billion euros. Above the estimates for Credit Agricole in terms of some of the other details around this earnings picture. The Investment Banking side of the business also coming in with a beat. Upbeat in revenues, profits, in terms of the Investment Banking side of the business for Credit Agricole. The stock is up 13 year to date. The deputy ceo o