Francine welcome to the pulse. Live from bloombergs European Headquarters or dime francine lacqua. Lets get to the markets in a second because we have some breaking ifo data out of germany. This is some german axis. German businesses, 108. 3. T is better than expected the Current Conditions are also better than expected. What they do is go around and talk to german businesses. They ask how confident are you about the future guy the future . Brexit, also just after so interesting as we start to pile on data that gives us a glimpse of what the european economy will look like. Germany Business Confidence, the ifo figure better than expected. We will speak to the ifo time ont at 10 15 u. K. Bloomberg surveillance. Ing up on the pulse is will be talking about the drinks maker buying grand marnier. The plans for that. Well be looking at consumption around the world. As promised, this is what we are seeing on the market. European stock hovering around a onemonth high after they recovered some
Finishing up here at the National Press club. You can see this on our website cspan. Org. Going to a conversation with World Bank President jim yong kim. Hell be talking about preventing the next pandemic. This is happening at center for strategic and International Studies here in washington. Should start in just a moment. Good morning and welcome to csis. Welcome to those who are joining us online and those who are coming in via cspan and else where. Its an honor to be here today to welcome dr. Jim yong kim president of the world bank to speak on how to better prepare ourselves for future out breaks in this era of the new normal of recurrent out bakreaks weve se. Im the Senior Vice President here at csis. Just a few minutes of opening remarks. Dr. Kim has been president of the bank since 2012. And in that time has used his leadership quite strategically to bring about many changes internally and externally. Hes positioned the bank to be a lead player, a key player in pandemics, in sup
Im tyler mathisen. Welcome, everybody. We begin this hour with the latest on that massive blaze. Cnbc is 200 miles south of the fire line in edmonton. Hey guys, the cooler weather and light rain is providing some respite for Fire Fighting officials. This wildfire is still out of control and is being referred to as the beast. Now i want to put the size of it in perspective for folks watching from home. Consider this. It is now twice the size of new york city, all five bureaus. Twice. It is absolutely massive. 10,000 people now have been displaced. As for the city of ft. Mcmurray, the gateway to Canadas Oil Sands, the zbas shut off. The electrical grid is damaged. The water is undrinkable. That makes it very difficult to know when the thousands of displaced residents are going to be able to return home and find out if their homes are even still there m of them are behind me at the Evacuation Center here in edmonton. Even officials here, the manager of this Evacuation Center doesnt know w
Moment on that bombshell, hsbc. Right now we need the bombshell of first word headlines. Here is vonnie quinn. Vonnie Hillary Clinton is distancing herself from her former boss and a potential rival. Mrs. Clinton says she is against the asia trade deal. N what i know about it as a today, i am not in favor about what i have learned about it. There is one other comment i want to make because i think it is important. Trade agreements to not happen in a vacuum. Have ar for us to competitive economy, there are things we need to do that home that help raise wages. Vonnie clinton backs the deal when she was secretary of state. Supported by a possible competitor, Vice President joe biden. Clinton will propose a tax to penalize highfrequency trading. Michael horn will testify before House Committee investigating the emissions test scandal. He is expected to say vw. Delivery of 2016 diesel models. Thousands in the u. S. Will remain quarantined in court. A late night agreement averts a strike at
Guy good morning. You are watching the pulse. We are right here in london. Im guy johnson. Europes Biggest Investment Bank, germanys biggest bank is racing for its biggest loss and a decade. Deutsche bank could scrap its dividend. Its boosting reserves for legal costs. Sounds like a bad thing. Ryan chilcote here with the details. We got a lot of bad news. It sounds really terrible. But stock is up. What is going on . Ryan the Immediate Reaction was negative. The stock is up. There is a giant competition going on. The balls the balls on the up. K the stock now why . A lot of people saying we thought when they did this announcement we were going to get a Capital Increase. The fact that the dividend is going to take a hit, is a do it is a positive. It increases the likelihood of a Capital Increase down the road. Analysts whonty of think a Capital Increase could happen here it happen. Ryan the second issue is take everything that was happening in the statement to the side, look at pretax p