Letsthings first, quickly check on your markets. First of all, i wanted to have a look at the yuan, this is on the back of what we heard from china. Stocks in europe in to be drifting sideways a touch. I think investors are trying to figure out what the next catalyst is. Draghi is due to speak today. And then, the independence claim is tomorrow. N, that thats the bloomberg dollar index, up a touch. Heres nejra cehic. Reporter donald trump claims tax reforms would be worth 4000 a year for the average american household. He asked for help so he could give the country the best christmas president of all. Today are business tax rate is 50 higher than our average economic competitor. This is a giant selfinflicted economic wound. Reporter the u. S. President has said he plans to choose from amongst five finalists to be the next Federal Reserve chairman and will make his choice soon, before he leaves for his 11 day trip on november 1. With canadawound up and mexico rejecting what they see as
His son released. Meeting government officials as they try to quell growing government anger over emissions. Oh caroline welcome to bloomberg daybreak europe. From here in the city of london, on anna edwards. With got commerzbank reporting a secondquarter net loss, 630 537ion euros, a loss of million. That lost a bit wider than what we expected. They are giving us guidance in 2017, saying they see it slightly positive net result. This is germanys secondlargest listed bank. That antly found out company disclosed owning 5 , making his business the second largest shareholder after the german government, which bailed out commerzbank. Byy plan to cut 6000 jobs 2020, to free up cash in other areas. Sticking with the banking theme, we have numbers out of Societe Generale. Profits down 28 . Litigation clouds lingering over this international dealings. The products business helping the trading to outperform some of their rivals. They are also grappling with litigation. That is, to some extent,