Hire in a big way. Machine orders blowing past expectations after a fiveyear high. And a shakeup in why look, Marissa Mayer out a little after a year after taking her from google. Youre watching Worldwide Exchange, bringing you Business News from around the globe. Warm welcome to thursdays edition of Worldwide Exchange. I wouldnt mind walking away with 60 million. A 60 million pay package. Does that include bonus, as well. No, i dont think it is. But anyway you could be punished for that. That was a bad call. Wow. Have you seen the stock price . Theyre going with her for now. Theres a love affair with her for now, but will it continue . Also on todays show, egypts central bank is expected to hold Interest Rates, but will the on outcome of that decision alter that decision . Then, with the worlds biggest money manager black room earnings before the bell today, well look at the firmsco lassal portfolio and ask, is it too big to fail . Its a not so theory for the yahoo ceo. Citigroup is r
Unveiled later today. Lets head over to guy johnson. Good morning, guy. To bes budget is going long on politics, short on economics. To be honest, the chancellor is going to conduct a series of tweaks today. It is about setting the agenda for 2015 when this country will go to the polls. It is about the narrative in advance of the general election. , it willare saying really be about the cost of living. It will be about social mobility. It will be about jobs and there will be some economic things were well have a bit of a push when it comes to generating more experts exports for the british economy. This is about filling out the Political Landscape in advance of the election. The labour party will have something to go at here but probably on the economic front, very little because the chancellor will be able to announce that the british economy is basically back to the peak of 2008. The unemployment is definitely coming down and for the first year and quite a few years, we are going to
From bloombergs European Headquarters in london. Also coming up on the program, oneonone with samuel l jackson. I sat down with the actor to discuss his role in the Star Wars Franchise. Later on, we are live with the ambassador to the u. K. We will ask him what legacy the world cup will leave for brazil. Iraq insurgents sweeping the northern part of the region. Opec called for u. S. Military intervention. Ryan chilcote joins us with the details. The benchmark for the United States, is set to make its biggest weekly gain since september. Now well over 100. Then you have brent, the benchmark for the rest of the world and europe. It is now over 110. Same reason, on the back of this chaos in northern iraq. Two dozen analysts we talked to yesterday, only three since only three of them think that prices will decline next week. The issue here is to what extent does the violence in the north of the country really affect to theability to get oil markets . That is a question we put to iraqs oil
Face a full set of challenges. I worry about complacency, governments that have never successfully forecast a recession a year in advance, that missed the 2007 financial crisis, that missed the 1987 stock market crash, t missed the latin american debt crisis and missed much more. I worry about how well macro prudential can really work on, though its an attempt worth making. And i think much greater emphasis needs to be placed on making a system that is safe for ignorance can and court reportereporter error. And that means emphasis on capital markets, emphasis on liquidity, emphasis on strengthening the robustness of the system. The last time we had a great emphasis on macro prudential, it was spains countercyclical Capital Requirements that we were going to protect against the spanish real estate bubble. That didnt work so well. Mr. Tom bainny, briefly. Yeah. I think one issue that hasnt been discussed so much lately is the fact that this exit is unsynchronized this time around. You se
Retailer is struggliing as he says he cannot promise that things will get better. And big discounter offers stock at 21 euros per share. Good morning or good evening if youre in asia. We kick off with another set of data before the ecbs meeting tomorrow. Its the final pmis for may, final services pmi 53. 2. Its a tick down from the flash of 53. 5. It is still nevertheless the highest since june 2011. And it is higher. Aprils was 52. 1. The final composite pmi has come in at 53. 5, a tick down from 53. 9 which is the flash april 54. We did see of course the french number coming down just a little bit as well. The german private sector growing for the 13th straight month in may. Well break down that but of course another key bit of data ahead of the ecbs meeting tomorrow. Theyre widely expected to take action. How much, of course, is still to be decided as they will come back, euro dollar around the 1. 36 mark we were yesterday. Before that, though, lets talk about the g8. What was suppo