A tech selloff, disappointing amazon earnings weigh on asian stock. The euro rallies against the frank for the highest level since 2050. 2015. Everyone welcome to bloomberg daybreak europe, our flagship morning show from london. I am anna edwards. We have so much news from the Banking Sector. We brought some of it to you in our headlines. Lets get into samsung. We are getting numbers from this from from the spanish bank right now. That is the head of the estimate of 1. 73. This is the business in transition at the moment. They added a portfolio that did not look as favorable as their own. This is a Company Moving ahead with its plans to digest the failing bank popular as the largest ranks have an working to sell 30 billion euros in real estate assets. They are trying to sell these real estate assets. They have until the end of this month to submit their offers. Sale is the the current topic of conversation e up we are getting these cell is the current topic of conversation. We are gett
Unprecedented actions taken by the president reserve to rescue the economy after it collapsed. His class is about an hour. Professor levy ok. In our lecture on the great depression, i talked about the origins of any financial crisis, it is always important to look at the resolution to the last crisis. When we think about the Great Recession, we have two moments of origin. The 1970s, the crisis of industrial capitalism and thinking about whether or not the American Economy has gotten out of that crisis. We have been talking about this. The second point of origin i think is the late 1990s, the new economy, and how the bubble crash sets of a pattern that goes across the 2000s. Into the great depression. So we ended our last lecture with Alan Greenspan before congress in 1998. It is in the midst of the new economy euphoria. Here is what he said. You read this, but i will read it out loud. In short, our economy is still enjoying a Virtuous Cycle, in which, in the context of subdued inflatio
Unprecedented actions taken by the president reserve to rescue the economy after it collapsed. His class is about an hour. Professor levy ok. In our lecture on the great depression, i talked about the origins of any financial crisis, it is always important to look at the resolution to the last crisis. When we think about the Great Recession, we have two moments of origin. The 1970s, the crisis of industrial capitalism and thinking about whether or not the American Economy has gotten out of that crisis. We have been talking about this. The second point of origin i think is the late 1990s, the new economy, and how the bubble crash sets of a pattern that goes across the 2000s. Into the great depression. So we ended our last lecture with Alan Greenspan before congress in 1998. It is in the midst of the new economy euphoria. Here is what he said. You read this, but i will read it out loud. In short, our economy is still enjoying a Virtuous Cycle, in which, in the context of subdued inflatio
Time. Abigail, what are session highs . The dow, s pave 500, nasdaq all sharply higher. Up 1 on pace for their best day since march 1. The s p 500 on pace for its best weekly gain. The first weekly gain in three weeks. The best weekly gain in 2 months. The nasdaq on pace for yet another record closing high. Certainly a bullish day. We havehis, strengthened financial straight American Express up more than 5 , on pace for its day its best day since october 20 of last year. Investors clearly like that, plus there was nice acceleration in growth around the companys credit card, commercial credit card business, volume three by 6 rate we have the regional banks, see corporate citizens trading higher. These companies also put up solid firstquarter, top and bottom line estimates spread lets turn to a stock that is spiking higher after comments of treasury secretary steve mnuchin, spiking down just a little bit more great initially of 2 after Steven Mnuchin did say that fannie mae and freddie m
Time. Abigail, what are session highs . The dow, s pave 500, nasdaq all sharply higher. Up 1 on pace for their best day since march 1. The s p 500 on pace for its best weekly gain. The first weekly gain in three weeks. The best weekly gain in 2 months. The nasdaq on pace for yet another record closing high. Certainly a bullish day. We havehis, strengthened financial straight American Express up more than 5 , on pace for its day its best day since october 20 of last year. Investors clearly like that, plus there was nice acceleration in growth around the companys credit card, commercial credit card business, volume three by 6 rate we have the regional banks, see corporate citizens trading higher. These companies also put up solid firstquarter, top and bottom line estimates spread lets turn to a stock that is spiking higher after comments of treasury secretary steve mnuchin, spiking down just a little bit more great initially of 2 after Steven Mnuchin did say that fannie mae and freddie m