Yearoveryear, and that is demonstrating that both on the revenue side and on the expense side, the impact of the restructuring is making itself felt. Iose would be the things would focus on. The overall performance, obviously, is weighed on by the cru and the losses in the cru, but even there, we are progressing basically in line with our plans both for deleveraging and cost reduction. We also had earnings news out from daimler as well as volkswagen, and youve got some earnings lines coming in from barclays. Anna absolutely. We continue with the banking theme. We have Net Operating Income coming in at 4. 70 one billion pounds, a touch below the 4. 60 one billion that had been penciled in by analysts. Theres been a lot changing, of course, since the month of march, especially the volatility, as we know. Interesting to look at what has happened in the Investment Banking part of the business as well. 3. 62 billion dollars, well ahead of the estimates for that particular part of the busine
,fficials warning protesters stepping up its rhetoric on that front. David one of the interesting things is how any people are demonstrating. One recruiter one reporter said it is fewer people, but they are more violent. Nejra we have seen this. Everberate through the markets youre seeing u. S. Futures negative now. They were positive earlier. The 10 year yield dropped 10 basis points last week. We are down to a 1. 69 handle. Session backodays about 1500 an ounce. David the one clear winner is gold for the last week or two. Morning brief. E we get cpi data, followed by china retail sales numbers. We get german gdp numbers. Thursday it is u. S. Retail sales for last month, and walmart reports earnings. Friday, the u. S. Reports Housing Starts for the last month. It is time for the bloomberg first take. We are joined by Brooke Sullivan in new york and Kristine Aquino with nejra cehic. Lets start with argentinas shock, a big defeat for mr. Macri in the primaries that suggests he may not g
About chinas economic challenges, calling the country a ticking time bomb. Lets begin with the markets on this final trading day of the week as investors digest todays ppi number interesting, sara. I mean, 0. 1 is not that dramatic we had a negative revision, but coming off the stellar reception to cpi yesterday, maybe it looks a little bit worse yeah, after a zero percent in june, you dont want to see it tick up to 0. 3 in july, which is what we got, and we know Producer Prices are wholesale prices that feed in, so maybe a little deemphasized because we already got the cpi read but you just dont want to traders, investors are on guard for inflation to hook back up. Right . Like, we hope people are hoping that the inflation data, which has shown moderated inflation, been celebrated as good news, will take us down to the 2 target and the feds work is done, but theres a chance that, look, it could be sticky we still see a really tight labor market where wages are rising we see Oil Prices
Tickets available at the apollo theater, Saturday Night i find out more and get information about tickets at metal blog. Com. When everything, june 13th, i will be in houston, texas talking about my latest book called prequel Houston Texas june 13th, Tickets Available now. You can find out at maddow blog. Com. Very excited about both events. I would love to see a bird that will do for now but now it is time for the The Last Word with Lawrence Odonnell print rachel joy at the apollo Saturday Night. Tickets available, that will last about five minutes. I just cant be. Rachel, we have Dan Alexander join us in this hour to explain how donald trump the bond money that he needed tonight and who helped him out, how he did that. We will get into the gag order that the judge has issued tonight. It has amazing detail on order that he issued. It will be one of these test, you know, can donald trump live with this new version of the gag order . We will find out. Which each new one of these the jud
Furious about what he considered an illegal leak by mr. Comey to reporters. The state of michigan is suing flint for endangering the public. The flint City Councils failure to approve a longterm water plant with the public, already troubled by a water crisis, into new danger. Instead of going with mayor waivers 30 year plan, the council okd a shortterm extension with the great lakes water authority. President emmanuel macrons cabinet today took a major step to loosening of the countrys labor market. Ministers approved the plan to negotiate reforms with unions and business groups. They want to make it easier for companies to fire employees and for companies to negotiate their own wage deals rather than rely on industrywide contacts. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. I am mark crumpton. This is bloomberg. Julia live from bloombergs wild worl world bloombergs will is in new york. Scarlet u. S. Stocks having a winning