Debt as collateral for loans as eu leaders meet today to discuss a 2. 2 trillion revival plan. Loan provisions jump at Credit Suisse as the lender builds reserves to withstand the coronavirus pandemic. We will speak exclusively with the banks new ceo just after 9 00 a. M. Hopes forrs crafted higher profit in 2020. And the earnings deluge continues. Revenueetting hermes out, down 6. 5 percent, which does not seem quite so bad all things considered. Anna we are getting numbers out of unilever as well, so the earnings daily continues. Things not looking great for unilever. Delucia the earnings deluge continues. Growth of zero, so 0 . The estimate was of an increase and itr just over 2 , seems on pricing and on volume they missed estimates. Pricing looks to be lower than estimates and volume looks to be lower than estimates. That seems to be where we are on the top line. They are also saying they are withdrawing their previous 2020. Uidance First Quarter underlying sales slack, as i mentio
Looks like a very nice blue sky kind of an afternoon. Temperatures in the 50s and 60s this morning. 79 at lunch time. 82 by the time youre coming home from work and school. And 77 by 8 00 tonight. A perfect day to be outside today. A perfect day to do anything except sit in traffic. Melissa mollet with more on that. Its never a perfect day to sit in traffic. No good time for that at all. Branch avenue at auth road, a bit of a slowdown there near the beltway. Top of the beltway, no problems. B. W. Parkway, 95 and 29 flowing just fine. 270 looking quite good. Sometimes we see a slowdown at the top part of 270. Were okay, 66 west of ox road, inbound, out bound, just fine. Remember, the ramp to the key bridge is closed through friday. Take roosevelt bridge instead. Aaron . Melissa, thank you. Coming up on 5 02 now. A developing story this morning. Police are searching for a missing teenager in Fairfax County. The 16yearold boy was fishing with friends in the Little Hunting Creek area in th
What is the main take away from the latest jobs report . The Unemployment Rate is lower than many people can remember in recent history, but one of the curiosities is we have not seen wage growth go along with that. Workers are not feeling the effects of such a tight labor market. Host what accounts for that . Guest there is a number of factors that we looked at. Has come ins growth lowwage fields like restaurants. Workers are competing on a global scale. It is not about workers in pennsylvania competing with workers in pennsylvania, it is competing with workers in mexico , who earned a lot less. Host are there any bright spots in any sectors . Guest Information Technology ,nd health care, construction it is challenging for firms to find enough workers and that should start help raising wages in those fields and in some cases already has. Host it is not just the wage growth, u. S. Job growth is slow to bank. Take a look at this headline from the washington post. Friday morning, federal
Rousseffs removal is not priced into the markets. He says the real is his favorite currency. We are less than half an hour away from the market open in europe. London is closed today. However, what weve seen overnight is this move in japan, but that is not being reflected in europe this morning. Looks like a positive open. Japan was reacting to what happened friday when u. S. Markets got crushed. Now we are starting to see a fresh start. , if you want to play along at home on your bloomberg, that tells you what is happening. Lets talk about some of the other assets that are on the move as well. The data out of china, reasonably positive, but dollaryen front and center. The nikkei down 3. 1 . Crude is softer as well. Aussie dollar, watch for that one. It is a reflection on what is happening in china, and we have a Rate Decision tomorrow. That is what Juliette Saly knows about. Juliette thanks, guys. Halliburton and baker hughes have called off their 28 billion merger. The proposed union
Of enable them to find strength in your presence. May they claim your promise that you will never leave or forsake them and that nothing can separate them from your love. Help them seek in every undertaking to know your will. We pray in your sacred name. Amen. The presiding officer please join me in reciting the pledge of allegiance to the flag. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. The presiding officer the clerk will read a communication to the senate. The clerk washington, d. C. , july 20, 2022. To the senate under the provisions of rule 1, paragraph 3, of the standing rules of the senate, i hereby appoint the honorable ben ray lujan, a senator from the state of new mexico, to perform the duties of the chair. Signed patrick j. Leahy, president pro tempore. The presiding officer under the previous order, the leadership time is reserved. Morning busi