Anna welcome to bloomberg daybreak. I am anna edwards. Manus some breaking news from banks to oil. Kicking off with bmp. Anna reporting numbers. They have missed fourthquarter net profit. It came in at 1. 4 4 billion euros. The estimate was 1. 6 3 billion euros. It was a resilient business. The q4 trading revenue rising. But the pretax profit is down by 36 . They are booking a few items as well. Booking goodwill at their polish unit. Restructuring costs in their belgium belgian and australian units. They are trying to get to or targeting levels. They are also talking about caustic calving and investment in technology. Laying out the they are also anding about cost cutting investment in technology. Missing estimates in the Fourth Quarter. Manus this is one of the big nordic Oil Companies out there. Net loss in the Fourth Quarter. 40 million. Taking on an impairment charge. Fourthquarter net loss for statoil. Capital expenditure. Ceo wants to bring it down. For exploration, spending abou
Programs with coxe cuts. Slashing costson be enough to keep investors on board . Matt less than one half or now or wait till the open. European stocks futures pointing down after a down finish yesterday for both the u. S. And europe. The narrative here is that investors are concerned about political uncertainty, political terminal. As a result, fleeing for the safety of safe even assets. Are you seeing that on your gmm screen . Is lets see what happening. Mario draghi saying the euro is irreversible. Certain people in france may disagree with that. The markets on the equity front got smacked around yesterday. Italy down 2. 21 percent. The euro is weak for this morning, down by 6 10 of 1 . Trading at 106. 84. On the markets getting into gear now. Bond markets getting into gear. France tighten their tightened. Italy and greece both whiter. Wider. The focus on the periphery. It blair yesterday. That story looks like it may have traction. Thatep talking about throughout the program. Lets g
It is just on 6 00 here in london. Oil producers have already got down to business and the leading players supply one third of the world posco crude oil got together last night to see if they could preemptively agree to a cut in output. Interviewgot the only with the chief executive of the biggest publicly traded oil rosneft,raws left what did he have to say then . It is a dark morning here and cold in vienna and especially for those were hoping for Higher Oil Price because the man. Coffer their hopes yesterday the stage was set for a grand deal between saudi arabia, venezuela two countries from opec and mexico and russia two countries outside opec to agree to cut output to boost prices. The first three of those countries mexico and venezuela and saudi arabia cooperated in 1999 when oil had just dropped below 10 a barrel and there was hope and suspicion that they might do the same thing yesterday, alas i spoke with him just as he came out of the meeting and he said oil is tumbling sayi
The biggest surge ever is if the sign of a bubble, a frothy market . Containing the measles in america from california to the midwest. Measles are back. What you need to know to protect your family. All that and more this hour of power. First, to sue, at cnbchq. Stocks under pressure today, all about earnings. The impact of the strong dollar the continued drop in oil, and so lets get you up to date on numbers with the Dow Jones Industrial average now in the green by about 43 points. Nasdaq composite down 12 and s p 500 is fractionally lower less than a tenth percent. Mcdonalds is higher after replacing its ceo, and boeing continues higher after the strong earnings. In the commodities sector, oil is the big story this hour. Crude hitting a six year low, dipping below the 44 per barrel mark, and brent held up better than west texas intermediates high. Thats what they watch this hour. Thank you, sue. Crude in the 40 a barrel and now they are feeling the pinch and pain and smart money smel
I am her sidekick matt miller. Market makers. Lets get to the newsfeed. The top business stories from around the world. Consumer confidence is still close to its high mark for the year. The Bloomberg Consumer cover index was unchanged last week after three weeks of gains, the second highest it has been since 2008. In a report says Consumer Spending grew load less than forecast last month. Or largest a lawyer reduce alcoa has agreed to buy British Aerospace parts maker for 2. 9 billion in stock and cash. Alcoa has been closing on probable smelters because there oversupply of aluminum. The Worlds Largest furniture seller is raising its minimum wage in the u. S. Workers making the minimum wage will get an average 10 76 cents starting january 1, 17 raise. It will benefit about half of ikeas employees. The minimum will vary based on the cost of living and their 38 locations. Everyone is talking about on wall street, new York Attorney general Eric Schneiderman is a busy guy, pursuing charges