Doubles n Second Quarter sending shares to the top of the European Market. Benefiting from a fall in bad loan provisions. A sweet session for nestle, too. They launch a Buyback Program as an emerging market pick up boosts sales. And investors hoping for a windful from rio tinto. Posting a first half jump in profits thanks to iron oreships. We speak first to the ceo in just a couple minutes time. Display youre watching worldwide exchange, bringing you Business News from around the globe. Good morning, everyone. Youre watching worldwide exchange. Roughly one hour into the trading session, the stoxx europe 600 extending its weeklong slide. Were down by 0. 2 as were digesting the retaliatory efforts coming from russia. The ftse mib has been the big underperformer in yesterdays trading session. Its bouncing back just modestly, up 0. 5 following that shock return to recession yesterday for the italian economy. The cac 40 down 0. 2 and the xetra dax still 900 points away from that high, down
Welcome to countdown. Back to our top story. Eu leaders have given the European Commission a week to draft a new round of sanctions against russia as the conflict deteriorates. Worried the situation could get worse. I think we are close to the point of no return. The point of no return is fullscale war. Lets get more of this. Ryan chilcote has been reporting on russia for 20 years. Thats a long time. It is. Are getting really busy. We heard the ukrainian president. We also heard from the russian president yesterday in what i think was a very meaningful sayingew he gave affectively there should be talks for state had four Eastern Ukraine. You pointed out earlier a spokesman said this is not the russian president saying Eastern Ukraine should be independent. It will certainly unnerve kiev, and it certainly has a lot of people concerned putins aim is to create a land bridge from russia proper to crimea to another state. It is putting pressure on kiev. Exactly, to have this wedge between r
I think it is ironic that people get the day off on labor day. I am guy johnson, this is the pulse. Here in london. We will get straight to our top stories. Conflict between ukraine and russia taking another twist. Ukraines president has warned that the crisis is this to the point of no return. Eu leaders have given the European Commission a week to draft a new round of sanctions moscow. Ryan chilcote has been analyzing the story. The rebel . Recordruble at 37. 44, a low. The soviet union dissolved in 1990, this is the lowest against the dollar has ever been. 7 since monday of last week, a consequence of the conflict in ukraine. This is one place where expressingre concerns. You couple it with the issue of capital outflows out of russia. Last week we saw the ruble get hit, it is continuing today, down 0. 8 already. Nato summit in wales. And friday. Hursday before that, president obama goes to estonia. Meeting all of the baltic heads of state. Saying look, do not even think about trying
Welcome. Youre watching the pulse live from bloombergs European Headquarters. Were here in london. Im guy johnson. Im francine lacqua. It was a beat for barclays. An extra 750 Million Pounds were set aside for the currency probe. Anthony jenkins spokes to us first. This comes back to how do you reshape a beast . Do you cut off the legs . Do you cut off the head . What do you do . Jenkins is trying to put his stamp on this bank. He is dealing with expenses. He is dealing with legacy issues. When it comes to Foreign Exchange, that is a perennial issue. He didnt settle before christmas where he would have got a discount for doing so with a number of regulators. My question is should you gone with the rest of the crowd and taken that hit a little bit earlier. Did he make a mistake . He was quite optimistic though on the overall performance. We are required to provide what we can reasonably estimate at this time. I cant completely say that will be the end of the Foreign Exchange version, th
Win streak. Data coming out as well. Ibm kicking off its investor day. Ceo ginny rometty. An exclusive interview. Net neutrality, the fcc taking up what has become a contentious issue. But waiting on important details for Internet Companies like google and netflix still to be determined. First up wall street digesting Economic Data ahead of the opening bell. Consumer prices down. 7. Strip out food and Energy Prices up. 2. Durables nice, above expectations, above 2. 8. Weekly jobless claims jumped to 313,000. Dow closed at record high. Nasdaq ended the tensession winning streak. Within a stones throw of 5,000. A level at which its closed only two times in history. Take it out today because theres a lot of good chatter in individual tech names. I would tell you we had a gauntlet this morning with the runthrough. When you get through a gauntlet nothing that is earth shaking, whether claims durables, inflation. Ive got nothing earth shaking. I dont feel its going to do anything other than