You on the board of directors of the Financial Services roundtable, its an Advocacy Group for the Banking Industry that has worked to defund the cfpb, hobble its structure and remove its ability to curb abusive practices. Now i want to know perhaps what you think that wells fargo has been caught by the cfpb for all of this fraud and i wonder if you denounce the Financial Services roundtables actions to get the cfp b. In addition to that, while weve been sitting here, i have learned that maybe not only is wells fargo too huge to manage but maybe the reason you dont know some of the details is because you also sit on a number of good boards. You sitting on the board of chevron, 375,000 in total compensation per year, and you are on the board of target, corporation, for 272,000 in total compensation per year. You have a responsibility to them. You have a fiduciary responsibility. And in addition to that, during this hearing, bloomberg sent out an alerter you will be facing a 20 million pe
Been surging. Jonathan and investors are thinking risk. We go to italy with an exclusive interview with the italian finance minister, and his peripheral risk that is back on the table. Ten year yields exceptionally low on an historical basis. Youre starting to see that divergence. Guy yeah. Bonds spread out not as much as the financial crisis, that something we need to think about. Heres Caroline Hyde with the bloomberg first word. Caroline thank you. Deutsche bank has become the largest lender in four years to compel to reassure investors and employees that it has enough cash to pay debt. The ceo has failed to generate confidence in his plan to cut costs. D has more than double this year. Its share price plans yesterday. Writers threw bricks that police that hong kong at one of the busiest subway stations. The protest came as Police Closed down illegal food sources. They fired warning shots in a bid to contain protesters. Italys finance minister says the expected decline of the public
Welcome to countdown this friday morning. I am manus cranny. We are in london, keeping you up to speed with everything that is moving on markets. And we have a couple of Different Companies that are reporting this morning. We are going to quickly tell you what is going on, we have hans nichols standing by. This is one of europes biggest steelmakers, First Quarter estimates coming in at 9. 5 billion, that is below the estimate of 9. 9. What do they earn from continuing operations in the First Quarter . At 243 million, that is just slightly ahead of the estimate at 239 million. But the First Quarter net losses , and terms of profits, there is a net loss that actually beats the sales level, coming in just under the estimate. That is the net loss that comes versus3 million euros, profit obviously a year ago, at 50 million. This is as europe implements tariffs on the chinese imports. This is as they review the with the dealing prospect of a slowing global economy. Flowyear earnings and cash
It is a threeteam you trade, cunningham to the magic, andy to the blazers and blazers expected to waive him. Channing frye comes to the cavaliers. I want to start with Channing Frye here. This is a 611 forward who can shoot. Make no mistake this move was all about adding offense and by offense i mean the threat of a threepoint shot. Careerwise he is about 39 from beyond the arc. The cavaliers dont get tougher inside with this move but they get a guy who can spread the floor, backup kevin love, play somewhat like kevin love and be with consistent threepoint shooter as they look ahead to a serious playoff push how they would match up with the west. Channing frye could a key exon inter. Andy one of the most popular players in cavaliers history because of the wild thing. We get it with the hair. The Endless Energy and the grit and the hustle and they lose a little bit defensively with this move. Andy had been with the cavs for lebron announced he was coming back in the summer of 2014. Andy
Manus welcome to countdown. 6 00 in the morning here in london. Manus super tuesday. Anna the picture around the asian stock trading session. The chinese data we have weighing on a number of asset classes. It is talk about what is going on in japan. Japan selling 10 year bonds at a negative yield for the first time. Manus this is joining the club. You have the 10 year yields being negative. The Central Banks have gone into negative territory. We are showing the bid to cover them. Level in the demand this auction. The yield going into the negative territory. Volatility is at the highest and the yield curve in japan is the flattest on record. In thes a dramatic shift perception of risk and what to do in the bond market. Anna a lot of talk about whether we will see fiscal stimulus. D. O. T. Boj easing. Let us talk about some of the other risk assets on our radar. We are talking about mental prices. Getting those numbers from glencore. Talking about the copper price. Down around, shy of ha