Also coming up, cathe pacific is hit by lawsuits. We speak to the chief executive ivan chu at 10 30 a. M. We are getting news from the Norwegian Wealth Fund following it decline. This is the biggest Sovereign Wealth Fund in the world. It has invested a lot in oil. It has tried to focus more on real estate. Falling 0. 9 . I think that is in terms of revenue. Manus cranny will have an interview, the only exclusive interview for International Media with the ceo of norgas bank later on. That will come to you on the pulse. The German Parliament is right now debating whether to approve the greek rescue package. Hans nicholsrlin has been following the developments closely. We spoke to a key Angela Merkel advisor. He was pretty confident this is the boat will not only go through but will go through with a very large majority. Our next guest says the greek house is burning. Microhe head of rbs credit in research. Thank you for coming in. Maybe a brigade is little bit too late, but in the last 2
Conversation with the chairman of estee lauder about sustainability. This is the picture for your markets. Bonds, edging low. The dollar is dipping. Treasury ahead of the federal reserves last meeting. When you look at the euro, its mainly drifting on the back of what investors proceed as a possible risk of catalonia. You can see the common currency in europe gaining for the Third Straight day. Lets get the first word news. The u. S. Has blamed turkey for the instigation of the crisis between the two countries and a resolution will be needed on why americans were detained in this year. The u. S. Ambassador to turkey issued a video statement on youtube. The embassies stop issuing nonimmigrant visas which prompted a metallic terry retaliatory response by turkey. Theresa may has one support. Gois johnson and michael praised her strategy after outlining contingency plans to leave the eu without a deal, asking businesses to prepare for the worst. May said it was in the eus court, although t
Tomorrow. We have great interviews. Will president elect trumpish escher in protectionism, and what will it mean for global trade . We speak to the owner of the Worlds Largest container shipping line. Plus, is the Banking Industry headed for an uber loan . We talk about bitcoin, Cyber Security, and disrupting the banks with the former barclays ceo and the block chain cofounder, later in the show. Gett things first lets to the data check. We have a special guest from asia. This is the picture of these markets. Breaking news out of the iea, saying the opec deal will create on oil supply deficit in the first half of the year. We will monitor that. I wish i had the picture for oil, but overall stocks unchanged. Unicredit gaining 4. 2 . There you go. This is the picture for oil, gaining 3. 2 . 55 point 67. First, lets get to the news with nejra cehic. Plans to raiset 13 billion in an offer to sell off bad loans and slash costs. Italys biggest bank is targeting 4. 7 billion euros net profit
I think the conversation on brexit is continuing to shift but im looking forward to seeing whether janet yellen tackles this issue headon or dances around it. Tom i do not think that is a small idea and i believe she has got to. I would be stunned if she did not directly mention it. Day, Michael Mckee and i will do this at 1 00 p. M. This afternoon. Francine i wonder whether she will focus on domestic risks or international. Lets get the bloomberg first word with nejra cehic. Nejra a new warnings from George Osborne on the risks of leaving the European Union. In a speech he will say that brexit would lead to a 42 billion black hole in the budget that would have to be plugged with higher taxes and cutbacks. The eu is june 23 and recent polls show the leave faction is ahead. Hillary clinton has opened up a doubledigit lead over donald trump in the race for the white house. A new bloomberg poll shows clinton leading trump 49 to 39 among likely voters and 55 said they could never vote for
Let greece skipped a debt payment. Stanley fischer is speaking at the Imfworld Bank meetings. Street smart starts right now. Here are the top stories we are watching ahead of the closing bell. That is according to a person familiar to the matter. Kaufman last lost one billion last year. His portion of citadels portfolio has been liquidated. Ben bernanke is going to consult with the goodell on monetary policy, financial markets, and the global economy. A former jpmorgan broker faces charges that he stole 20 million from customers over four years. The fbi also said he pocketed cash. He was fired by jpmorgan last month. Microsoft and yahoo revamping their search agreement giving yahoo more freedom over how it makes money from advertising. Yahoo will no longer have to use microsoft to serve all the ads on desktop surface desktop searches. We have less than one hour until the close of trading. Lets go to the news desk where scarlet is looking at the action. Scarlet if you come inside the bl