Make changes. Is a spin off one of the options you are considering . No. We are not considering that option. Operation shutdown. Protesters begin a blockade in bangkok. Major roads and disrupting traffic in an effort to oust their Prime Minister. Two of europes biggest numbers from metro. Competing for a bigger slice of the emerging market. The wealth snags the golden globe wolf snags the golden globe. We are live in los angeles. Good morning. Welcome to countdown. It is 7 00 here in london this monday morning. Bloomberg reporters are standing by across the world ready to deliver the stories that will drive your day. Ryan chilcote is focused on ubs. Comments from the ceo of the bank. Hans nichols is in berlin looking at metro and carrefoure. Where is best place to put your money this year . Manus cranny has exclusive sachs inom goldman london. Caroline hyde is watching the latest trends in mens fashion week moving from london to milan. A bloomberg exclusive. Sergio ermotti says ubs won
And good evening to those in asia and a warm welcome to those just waking up in the United States. Im shy im guy johnson. Im francine lacqua. This is the pulse. Live from European Headquarters in london. Of exclusive look at the Goldman Sachs global strategy conference in london. Manus cranny standing by with a quick review. Weve had the european view, we got the japan view and next, all about u. S. Economics with the chief economist with goldmans from Goldman Sachs jan had see us jan hatzius. Chief executive is denying reports and thats what syllabi thirdbiggest bank will spin off its Investment Banking business. Ryan has more of the details. Ever sent to join ubs a couple of years ago he has been all about cutting. They close many of the debt trading desks. They are a little beyond halfway through cutting 10,000 jobs. It in an exclusive interview with us, Sergio Armani said as far as Investment Banking is concerned, they are done. Our Investment Banking business again has been restru
For you nestors Restoration Hardware is coming after the bell. Lets do a data check. Interesting market. Futures up 5. The yield moved lower over the last 24 hours. Dollar, weaker at 1. 37. Crude back to 100 and barrel. Finally weakens today after a good 6, 7day bout of strength. The yen was stronger earlier, it has given up back. Look at gold, under 1300. Look at the gold chart. Heres the surge in gold. The big rollover from june 2012. This is 1400. Here was the bull dash. People getting feverish about gold. We just bounced right off that. And curious that gold could not get up through that area up. As the vix was pushing you look at gold, and clearly, not the case. Three or four tough days for gold. We have scoured the newspapers and the web for what is important for your front page. First frontpage story is citigroup. The bank failed the Federal Reserve stress test for second time in three years because of concerns about the quality of their process. What does that mean . That meets
Welcome to the falls. We are live from the european had orders in london. I am guy johnson. Coming up, we will see how marvel finds its winning formula. Home delivery. We are looking for the online Takeaway Service to make a trading view. Debut. There is an inflation rating that there iscern this viral of deflation or low inflation. Christine lagarde is putting those words out there. Yeah. She is putting those words out there. She is assuring mario draghi to act. David tweed has the story. A robust debate is going on and most economists do not expect action today. Imagine if inflation was over three percent. You would the central bank to discharge its mandate to bring prices down. Situation where the inflation rate is on the wrong side of one percent and the central bank continues to postpone taking any action. That is why people are so upset that the European Bank is not discharging its mandate. It is not a lot of difference. Regardless of what victor said about the latest figure. Rec
Potential for sanctions on the other. You have to have it out in the open. For more on that, caroline hyde. Earnings galore. They are across the board. Majority, 60 5 of companies have beaten sales. More than half, 70 separate send have beaten in terms of profit. 77 have beaten in terms of profit. Why so much green when you have concerns about sanctions . We know obama got together in a videoconference with David Cameron in the u. K. And french and germany and italy. Devil in the details. Sanctions will be leveled at russia, so far we are holding on 100 trading higher. Clearly, the volatility is still significantly low in europe. What if . Where do we put the money . And trading very low. Oil not moving. Brent is is where trading. Money going into the dollar. So many banks this week. We have a flurry of the u. S. A data coming out. Consumer confidence today and for the second quarter. That comes out on wednesday. And the Federal Reserve Rate Decision on thursday. And will continue to t