The country out unless there is a commitment to debt relief. Welcome to the pulse live from bloombergs European Headquarters in london. Manus coming up, we are speaking live with a ceo. That is at 10 10. Make sure you stay tuned for that. Francine bnp paribas has published its biggest quarterly profit in more than three years. Manus the beat comes after frances largest bank announced they are considering changes to the securities union. The overhaul which could bring the deepest cost cuts since the financial crisis is a response to tougher capital rules. As a consequence of this, the cib teams are working on a plan to crystallize all these accelerations. First is to further improve efficiencies and returns. At the other hand and at the same time, to continue to invest in order to capture further market share. Thats what we are doing. That takes time. Francine the cfo there speaking to Caroline Connan. She joins us from paris. What can you tell us . Caroline he did confirm that hes stil
Yields and concern that the turmoil of the Republican Party could lead to a democratic landslide which would mean no more grid lock in washington. Well dig deeper into all of these issues coming up. And then earnings. The seasons kicked off and alcoa shares are sinking. Is it a bad sign of what is to come . The shares are down 11 . Bio tech is getting hit hard. Illumeina, we will look at other bio tech busts that investors should be wary of. Samsung ending production of the galaxy note 7 smart phone after replacement phones caught fire. John ford is following the latest. Josh lipton with the look at the opportunity this creates for apple. And Courtney Reagan has reaction. Very busy today. We are joined by mark, kenny palcari is standing by and Rick Santelli will be checking in from chicago shortly. I guess he is still mourning last nights cubby loss. Be itemized the litany. Are we doing news now . This litany of why the market is down today. Are you buying all of that, oil, rise in yie
Trading day, lets head to the markets desk where julie hyman has the latest. Julie a mixed picture after opening lower but stocks recovered to some degree after the selling we saw yesterday, just in the past few moments, all going green, even just last time i checked my bloomberg, the doubt was lower. All switches the doubt was lower. Was lower. Will the fed discussed the u. K. Boat and should the u. K. Boat and it should be interesting. What is gaining and losing, the losing front, and what volume is showing, the 10 groups of the s p 500 worse is the 20 day average, overall volume up 5 , a surge in volume within the telecom. If you look at the telecom stocks, among the laggards, today is the deadline for bids for jan who and the final four yahoo airlines falling today, Credit Suisse downgraded a couple of an analystmerican, says it is likely that thirdquarter unit Revenue Growth will be disappointing, she says there is risk of further currency headwinds and lower trans atlantic yields
Dialogue and i talk back to 2011 where we all had a little bit of optimism that these folks could be in a row and come together on something significant and we know how that story went according to bob woodward to boulevard for Different Reasons but what is interesting to me is whether it bears the fruit of the dialogue in terms of the branch between republicans and democrats that is something we will have to wait and see but hopefully we will be hearkening back to that meeting in november 2014 as an opportunity to move the ball forward. I think the folks in this administration has been prepared for some time and they knew it was going to happen, and i think that we will hear a very good tone and the question then is what happens when the extremes of both parties turned. I have a very helpful twitter feed that somebody has asked about infrastructure legislation and it may be tied onto some tax reform or kind of where are you pretty optimistic about . The there will be things that have
Matters with each struggling to get to rest. A question today was a generous with their stop and think within it into a corner. Well talk about abortion figures into which i need a new topic about it. Finally the interface with the effort to improve the developer forgot to pack. Before all that. The look of the top bunk in china youve gotten bigger Online Box Office come on dot com with the biggest us and china which movie to report about a few years. Report showed that nearly ninety percent of paying customers are men and mostly men are married or single men who are involved romantically. Over half of the helping customers in over three hundred human rights if you are held every year on the video web site the taiping videos. The male audience and also on average around two dollars apiece and other charges like reading appetite. Cover and official data shows that by the end it doesnt well where eighty percent of chinese online video watchers have ever paid for online videos that they c