Off competition from gulf carriers by booking premium customers. We bring you that interview. Mark hello. Welcome to countdown. Anna a warm welcome to the first hour of the program this friday morning. Overworked and underpaid. Bank of America Merrill lynch is sued by former trainees for failing to pay them over time. We will bring you the latest on that. Mark the fed says all 31 big banks subjected to a stress test at the Capital Requirements necessary to absorb losses during a sharp economic downturn. Anna banks were tested on their ability to survive nine quarters of adverse Economic Conditions including a decline in the stock market and gdp, and the price of oil rising to 110 a barrel. It is the first sign since the fed started stress tests that no firm fell below the main capital thresholds. Here with more is Caroline Hyde. Good morning. Champagne corks popping all over the place. Jonathan 31 caroline 31 thanks all past this minimum requirement. You were talking us through it. Whe
For labor. Here is Prime Minister David Cameron speaking after winning another term in power. Prime minister cameron we will govern as a party of one nation one united kingdom. That means ensuring this recovery reaches all parts of our country from north to south, from east to west, and, indeed, it means rebalancing our economy, building that northern powerhouse. Emily cameron has reappointed George Osbourne for another term as chancellor of the exchequer. There are talks to raise about 25 billion in financing for its potential takeover of milan according to people with knowledge of the matter who say the extra cash would give temba the ability to increase its offer. Last month mylan rejected tevas 40 billion takeover attempt. A federal court says broadcasters will not have to turn over sensitive video programming documents as part of the governments review of the at t direct tv deal. The court ruled that the fcc did not prove that the confidential information from cbs, disney, and oth
Welcome to the pulse. We are here in london. It is a busy morning. Francine we are just getting some figures. Confidence at 108. 6. It is a good indication of what germans are thinking after we had some dire pmi figures yesterday. Guy this is a survey of business in germany. It is 108. 4. The median expectation was 108. 6. The Current Assessment, 113. 9. Francine when you look at the breakdown, expectations are lagging. The Current Assessment is a little bit high. Lets look at eurodollar. Guy lets look at what is going on. A little bit of a rally on our hands. That was generated a little bit earlier on. 1. 0892. Francine fitez, futeex where Authorities Say the man who caused the flash crash work. Guy ryan. Ryan we are on futexs Trading Floor, where Navinder Sarao worked. He spent the better part of his 20s here. This is where he learned the abcs of training and honed his skills. Important to note is the period after he worked here. Specifically 2010 and the flash crash. That has captur
Francine im francine lacqua. Central banks are in focus today. The fed left open the possibility of raising Interest Rates in the second half of the year. Guy bank of japan kept the status quo. It will keep adding 80 trillion yen to the monetary base. Brazils central bank boosted their Interest Rate for the fifth time in an effort to fight inflation. Finally the Russian Central Bank Rate Decision. Francine for more on this lets bring in james, a senior economist. Lets talk fed. It seems yellen is hanging on to this rate increase despite the weak economy . Is it a sign that she expects it to increase or is it a sign they are trying to give to the markets . James they are expecting real Household Income growth which they sounded upbeat about in the statement. It will feed to Consumer Spending and increased Business Investment down the track. I think they are hopeful that is going to happen. It struck me by not after the march meeting and by not saying there was no predetermined path like
Here is Prime Minister David Cameron speaking after winning another term in power. Prime minister cameron we will govern as a party of one nation one united kingdom. That means ensuring this recovery reaches all parts of our country from north to south, from east to west, and, indeed it means rebalancing our economy, building that northern powerhouse. Emily cameron has reappointed George Osbourne for another term as chancellor of the exchequer. There are talks to raise about 25 billion in financing for its potential takeover of milan according to people with knowledge of the matter who say the extra cash would give temba the teva the ability to increase its offer. Last month mylan rejected tevas 40 billion takeover attempt. A federal court says broadcasters will not have to turn over sensitive video programming documents as part of the governments review of the at t direct tv deal. The court ruled that the fcc did not prove that the confidential information from cbs, disney, and others