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the chart of the day, check out the yield curve. 2-10 spread. points, we have seen the biggest decline in that 1980 ore like 2007. david: what happens when we get to 50? do we have confetti? alix: that is bad. get u.s. adp5, we employment change data for the month of november. in london, philip hammond will be speaking at the treasury select committee at 9:00. in washington, president trump is set to make a statement on moving the u.s. embassy in israel from tel aviv to jerusalem at 1:00 this afternoon . that is coming up today. our top story this morning with the daybreak first take. risk off markets overnight. bitcoin hitting new heights. of course, brexit because we always have to talk about brexit. joining us are lisa abramowicz and joe weisenthal. let s start with the risk off. what is going on? joe: good morning, i have no idea. it feels to me like the themes are international enough such that it is hard to point to one thing, except that a lot of things that ha ....
francine: welcome to the pulse. live from bloomberg s european headquarters. and francine lacqua. manus: and i am manus cranny. we are joined by ubs senior economic adviser, george magnus. francine: france s second-biggest bank has posted its second its second its biggest profit since 2007. manus: she spoke exclusively to the banks ceo. this performance driven by trading. the capital is building as well. investors like the story of the decision this morning. the shares are opening 9%. they like they say it they like the story of cost saving. nextillion euros for the two years. of capitalhe raising targets. their ratio came out for the second quarter. from 10.1% last quarter. they are planning to raise this target to 11% by the end of 2016. i sat down exclusively with the ceo and asked 10 how he could explain his performance in the second quarter. we actually have a strong set of results across the board. close to 9% organically. we also have lower cost of risk. ....
benjamin netanyahu: no matter how good your intelligence is, no one can credibly make such a claim. how can you block what you do not know? iran can keep the deal or cheat on the deal. either way, it gives a clear path to iran to get the bomb today or hundreds of moms tomorrow. olivia: you can see the president how speech live on bloomberg television at 11:20 kentucky republican voters will not start picking their presidential nominee for nearly six months. but the field of candidates is already being split into front runners and also-rans. rick perry and six other candidates have been pushed into an earlier event. donald trump will be front and center when the cameras come on. he warmed up for the debate on bloomberg s with all due respect by slamming his closest rival, jeb bush. donald trump: when bush raises several hundred million dollars and then the money is sitting in there and he puts his best friend in charge or somebody close to him, and they never talk, if ....
details coming up during this final hour of trade today. worst day for stocks since september of last year. financials and tech are hit hardest. tech especially had been leading us all the way to the upside. weighing on the dow with two price components, goldman and apple down about 5 and 3% respectively. the question is will the sell off last. we will talk with jeremy siegel, he will join us and talk about why he thinks it is a great buying opportunity right now. of course, he has been bullish on this market for a while. and dig kovacevich and don peebles will join us to discuss the president s strategy and whether he can get republicans on his side. why is the market selling off today after a series of stories that seemed like scandals over a couple of weeks? a number of notes have been passed around on wall street today with people speculating on all of that. programs dan clifton of stratega summed it up in his note. he said this morning, and i quote, the pas ....
actually saying the anti-terror squad is taking over the investigation, so we re going to continue to follow those headlines as they come out. tom: this is just out moments ago, and we ll have much more for you. let s move toward with sursur this morning and we ll go back here with our headlines is vonnie quinn. vonnie: tom, in other news, the leaders of the eurozone countries have a message for their finance ministers, get the greek debt deal done by saturday. hopes were raise and had then dashed yesterday by greek prime minister. he has a new set of proposals, but he pushed back when creditors demanded more cuts. the greek finance minister says both plans are still in play. several colleagues disagreed and criticized. we decided at the euro group that we shall continue our operations. you have to look again at the two documents, our documents and their own. vonnie: the finance machinester will meet tomorrow for the fifth time in a week. the bailout expires tuesday, ....