Mark lets get the bloomberg first word news. Here is sebastian salek. Sebastian theresa may says parliament should be allowed to taking britain out of the european union. Seemed to come after they dumped the pound of a concern the pm was taking a gung ho approach. By a third following the note 7 crisis. The company said profits will come in at 5. 2 trillion one, won, down. Llion donald trump has gone on a twitter offensive, blasting Paul Reid Paul ryan as weak and ineffective. The shackles have now been taken off of him after ryan condemned his comments about women. The nominee continued his campaign speaking in panama city. This election will determine whether we remain a free country , or we become a corrupt, banana ublic controlled by large and foreign governments. The election of Hillary Clinton would lead to the destruction of our country. Againstn fraud charges to a junk rating according to investors. The possibility of an increase in borrowing costs back on the table. He was sum
Transparency. One of the things its much too widespread. And that leverage is one of the things that grows out of the derivatives and other highly structured complaints. But they do a better job within the industry and trying to get more effective disclosure particularly as it surrounds the concept of leverage. Getting the fiscal house in order he also said Monetary Policy only accomplishes so mu much. We have to do it in a way thats fiscally possible. Those are the kind of discussions we need to be having if we need fiscal policy to get more robust growth in our economy. I wish the congress with all of the unemployment there isnt a greater focus on jobs in the economy i dont know but i think that is a benefit for everybody including the Banking Sector to get this economy going in a way that we have been used to in the past. For Financial Service providers i think things for the long term in terms of the longterm Customer Relationships, think of making money by providing the value not
Are not dozens of them around the world. And i suspect that in many cases the discipline thats been applied to risk control and Risk Management are some of those clearinghouses and related organizations probably is not what it should be. I suggested, for example, that for all of those mechanisms there should be, among other things, minimal standards whereby using stress tests and related techniques, you should have a standard that would say that any one of those organizations anyplace in the world showed, among other things, have the capacity that at a given business day they could survive the simultaneous default of their two or three largest artist events. So thats pretty draconian stuff. But i think it is symptomatic of the fact that weve got a lot of work to do to get our arms thoroughly around the shadow system. Keeping in mind, above all else, that it is in my judgment a twoway street. I would agree with that. I think doddfrank try to deal with issues associated with basically tw
You are watching live from bloombergs european headquarters. I am caroline hyde. Missing masterpieces. We check out the big business of art theft. Ford is treading lightly. It looks pretty heavy. Lets start with president obama. He is with the president elect in warsaw. This is ahead of the summit in brussels. That is where we find hans nichols. The details. We have the public details and the private details. Is talk ofhere additional sanctions if russia moves the troops back to the border and has another incursion. Publicly, we have William Hague and we will listen to what he has to say. The sanctions are on the table. The have an addendum. They say it is unlikely and the same line is coming out of berlin. The german official is saying. He sanctions are unlikely listen to what William Hague had. O say this is an election with clear results and he has been elected with clear results. Bilateral discussions. This reduces tensions. These are all things we want to press against Vladimir Pu