Welcome to bloomberg daybreak the flagship morning show. Anna lets get to the details. A beat in terms of the First Quarter net profit coming in at 1. 27 swiss francs. A comfortable beat for ubs. They are saying that wellplaced to benefit from any market improvement, but they are saying they have yet to see a sustained increase in client activity. This is something they have been struggling with recently. The rich to amongst put their money to work him a political and economic uncertainty. Well talk more about that in a moment. Well bring you the interview with the ceo coming at 6 45 u. K. Time. Manus cranny is on the ground ready for that. From zodiac this is a supplier in the Aerospace Sector in france. They are the subjects of a takeover offer. Theyre putting out numbers this morning. Talks continue with the view to completion. Yesterday we saw the stock fall as much as six and a half a report thating zodiac will refuse to be bought unless saffron makes a serious offer. Some fundurv
Told anna. He says barclays is becoming the bank he wants it to be. Boosting pressure on north korea, Rex Tillerson echoes trumps warnings, but says to is ready tona impose further sanctions. Is the market paying attention . Alphabet beats sales projections in the First Quarter and amazon continues its 20year streak of doubledigit revenue growth. Will it continue to fuel the nasdaq streak. Less than an hour away from the end of the month in trading when it comes to european equities. We start the session on a little firmer footing. The fair value calculations on your bloomberg. 1 s like we are opening up higher. Interesting to see how the stock stories perform. Lets talk about what is happening more broadly. Not a lot of action. Lets show you the gmm screen. The is the picture around world. The dollar a little firmer bid. Up by. 1 . Elsewhere, not getting huge moves. Equity markets drift and that is the story to take away as well. Do we get a sense of direction from the gdp data today
Paris climate accord. We will get a view from the chairman at the same peter st. Petersburg economic form. Theresa may gets lambasted by other Party Leaders for her decision to skip a televised debate a week away from the election. Will it matter to voters or have traders priced in a may majority here question mark we are less than half an hour away from the start of european trading. Lets take a look at futures. Little change on the dax index urostoxx upu do see er cnd the ftse and cap up ca up. Take a look at what we see happening in forex. The aussie dollar is dead, the british pound is bid create after caution data out of china that goes the way of the positive pmi data that we saw yesterday, telling two different tales and the pound were watching very closely ahead of this u. K. Election. Also if you take a look at the commodities, you can see that lean hogs are ripping faith might you love your pork here in britain and in germany. 2. 5 and we do a c we do see a big move in bonds.
Muted start. And Chlorinated Chickens, the Electric Mini and tech titans well be looking at whats been a busy week in today we want to know does great wealth bring great responsibility . Yesterday amazon founder jeff bezos was, briefly, the richest person in the world what would you do if it was you . Just use the hashtag bbcbizlive. Hello and welcome to Business Live. We start with retail giant amazon it has seen its shares fall sharply after its latest figures disappointed wall street. The good news it is raking in huge sums of money as its sales keep expanding. The bad news its spending a fortune on developing its business and that is making investors nervous. Lets show you the details. Total sales in the three months tojune jumped almost a quarter compared to last year to just under 38 billion. Unfortunately they spent almost all of it Operating Expenses surged to well over 37 billion. That means there wasnt much actual profit a comparatively measly 197 million and down 77 on last