Up italys troubled banks . So, welcome to the program. This is the pulse live here in london. First things first. Lets check on the market. Overall, we are seeing a lot of european shares on the downside. We had disappointing news in terms of earnings coming from japan. We also had disappointing figures from a cement company, goes to construction. It is the backbone of the european economy. I want to show you the pound. Later on, it is the last time we hear from mark carney and the r expectations for Interest Rates. The last time we hear from them before the june 23rd referendum. A lot of banks are under pressure. Now lets get straight to the bloomberg first word news. In Mitsubishi Motors have jumped by 16 after confirmation it is in talks with nissan, including for a possible capital tie up amid a fuel economy scandal. Nissan is seeking a 33 stake in Mitsubishi Motors. Credit agricole reported a decline at First Quarter profit. Net income fell to 227 million euros. Therading revenue
Below 50. The future of the uk hangs in the balance. We go live to london on the vote that could rock the markets. A new ruling keeps the status quo at least as it relates to viacoms board of directors. And twillio priced above the range. Well bring you the opening trades, plus talk to the ceo. First up, britains future is in the hands to the voters. A new poll shows 52 remain, which is a change from a few days ago, definitely from a few weeks ago. A new poll says theyre going to stay and its going to be a nonevent. Everything is being bid up but the financials are not being bid up as much as the others. Even if we do get a stay, that Financial Group remains under a lot of pressure. I think thats when the smoke clears, were going to see that the Financial Group over there still not strong. That will be the focus. Well go back to earnings. The word asymmetric being tossed around a lot today, jim, because of the way we priced in this remain vote over the past few days. Would a leave vote
Day. Will see if they hold onto them by the close of trading. Streak this continuing of less than 1 moves in the s p 500. At the moment, all three major averages are at highs if im not mistaken. It looks like some of them are at intraday highs. We are trying to figure out when the last time all of them hit the levels at the same time. Theg back to the last time dow set a record on july 20 of backyear, you can also go to july 20 last year and again we have seen, it took longer to for the nasdaq to hit those levels. In terms of what stocks are contributing to the gains in the dow today, we got nike, chevron, and ibm. Ae only one that has more of catalyst would be chevron which is rising along with oil prices. Is helping with the updraft ghosting in stocks over all this is something that matt miller picked it out earlier is that even though the major averages are hitting highs, many of the stocks are not necessarily their. This is 52week highs in the s p 500 versus lowes. Versus lows. A r
Equity markets ahead of that move. Lets look at one currencies. Dollar coming off of its high. We are basically flat. More feeling that the rate hike will be delayed. Putting pressure on the dollar downward. The global gauge of Exchange Rate volatility. Headed for its biggest monthly decline since february. Is starting desk volatility in the fx market is starting to dwindle. Euro on the downside. A little bit higher against the dollar but we are remaining at one dollar 1050. A glut in the oil market. 50 now. Ll below lets have a look. We have an update on barclays. We will see if weve got the stoxx there. 25 . Ys down about he was three decades at jpmorgan. He was passed over to take over jamie dimons job. Jamie dimon is still there. He made over to a hedge fund instead. December 1 he will take the helm at barclays. Hurdle for final this particular appointment. Up by 20 . Statoil up. You saw what oil was doing today. The pain from loyal from Lower Oil Prices continues. Heineken up 3 .
New products including the smart watch. Qualcomm puts its stock to work. Several banks upgrade the firm as shares push higher after hours. You know yesterday i told viewers i was going to tell them something. You reminded me before the show began but you love the new music. I do. I welcome the new music. Its uplifting and gets the energy going. We have a big show ahead of us. Wilfred you do a little dance before the music comes on. Its a fist pump. A little fist pump. Whatever it is its great. Well enough on that story. Lets get to our top story, Swiss Banking giant Credit Suisse has replaced the ceo. He cams over after brady steps down after 8 years in the helm. He had been under pressure recently due to a number of legal and regulatory issues and the banks share price which fell around 50 over his ten year. Lets get out to karen who is live with the latest on the story. Good morning, well, brady stepping down is no surprise at all. Thats been a very very long time in the making. Look