Asia where we count down to asias major market open. Haidi apples sales disappoint overshadowing record Quarterly Services revenue. Amazon gaming after the bell as the outlook beats the street. A risk off following a slump in u. S. Stocks and bonds focus shifting to fridays jobs report for clues on the feds next steps. Donald trump pleads not guilty in a washington courtroom on charges of trying to obstruct the 2020 president ial election. It election. We are getting news when it comes to singapores ocbc reporting Second Quarter net income of 1. 71 billion sing dollars. A little shy of 1. 7 4 billion. Being declared of 40 sing cents. Net interest margin at 2. 26 , the estimate was for 2. 25 . The common equity tier one ratio sitting at 15. 4 . Noninteresting cover, one point z7 bion sing dollars, a little bit of a beat on expectations, total income at 3. 6 billion be on expectations, profit seems to be increasing based on a year ago based on what we heard from analysts. We had been exp
We have a lot of breaking news. We need to literature treasuries and the markets. Im interested in what japanese treasuries are doing today. Oil stockpiles rose in the First Quarter despite the opec cuts. Lets see of its having an impact on the price of crude. You can see its unchanged at 52. 96. We have that report that is extremely important. I am trying to filter through what we know and what we dont know. Despiteles are rising the opec cut. Thats the one significant thing. The Oil Market Needs time to rebalance as january stockpiles rose. There is little affect on the market so far. It. Will be looking at in the broader market, the dollar is slumping a little bit. Talking, he was said the dollar was getting too strong and shares in europe. Lets get straight to the bloomberg first word news. Rex tillerson and his russian counterpart vented their disagreement after hours of talks. They did signal that neither side is given up on improving relations soured by russian hacking and syria
Good morning, everybody. I am Erik Schatzker. I ruhle. Happy new year. I will wager mine was cooler than yours. It was definitely warm and beautiful and lovely where i was. But it is warm and beautiful next to my partner, Erik Schatzker. News, the top business stories of the morning. The euro has not been this low in almost nine years. The currency fell below 119 earlier this morning. There is concern elections increase this month could result in the greeks abandoning the euro, or as my partner, eric likes to say plus, the ecb is debating whether to expand economic stimulus. Do you like that . Your favorite. Oil resumed its slump today. Below 55 a barrel for the first time in almost six years. West texas in west texas intermediate is below 51. Boost exports to a record later this month. Oil production now at the highest level since the breakup of the soviet union. The president of iran says the economy cannot grow if the country is isolated. In a speech president was on call for an inc
Im francine lacqua. A crossroads for europe. Greece and ukraine face critical meetings that will determine their path for the next couple months. Lets get straight to our reporter on the ground. The greek Prime Minister, alexis tsipras, won a vote of congress a vote of confidence for his antiausterity program. Now, the tougher task of convincing creditors to a new agreement. Germany is showing no sign of backing down from its opposition to the new deal. For more, we are joined by hans nichols. You will be going to brussels later today. What can we expect from the meeting . We are going to get the formal presentation from Yanis Varoufakis on what he wants in terms of a bridge loan. What we expect is 8 billion in increase in the tbills, and an additional 1. 9 billion. Let me read you some headlines from the greek papers this morning. One, high taxes will bring recession. Another, new taxes for real estate and income. The eurogroup will either point to agreement or a rupture. At the same
We are live from bloombergs European Headquarters in london. Fax coming up, taking on the transformers. We check out the Wearable Technology that gives you superhuman strength. Italian fashionistas invade london. Valentino tells us that is where the money is. It is the business that makes more money. Quite a tan. A lufthansa is bracing for three day pilot strike kicking off today that will see canceled a vast majority of flights. The airline is calling it the most severe in its history. David tweed joins us from frankfurt. Talk us through the disruption. Destruction taking place on two levels. One is the level of the operations. 3800 flights are going to be canceled over the next three days. That includes cargo as well. Wings,so includes german a subsidiary here in germany. As you mentioned, 425,000 passengers have seen that their travel has been disrupted. That is the operational side. The other side is what it is going to do to the bottom line of lufthansa. Lufthansa earlier today co