Lets look at markets. We are not saying much. Coming up, you will hear from this man. Our interview on risks and Financial Markets. And Brian Moynahan on the state of the american consumer. Lets get bloomberg first word news. Frozen pork, pharmaceuticals, some reductions from china, not related to trade discussions, but part of beijings effort to support the claim it is opening its economy. Weekend, aa tense Police Officer pointing his revolver at protesters. U. S. , President Donald Trump asked about ukraine aid before his call with the countrys president. The heavily redacted emails were by the Nonprofit Center for public integrity. They show the administration ordering a hold on aid in our after the phone call. Bush fires burning out of control in new south wales. Died,st nine people have hundreds of buildings have been burned down. The fires of being stoked by record temperatures in the region. Guy the s p is up, bonds are higher, gold is gaining. What about next year . Is joining
Vix at 16. Jpmorgans point this morning was typically, you have the s p down two plus maybe a dozen times since covid. Couple of those were in the depths of covid but generally, its when the vix was about 20 unless we get a shock, maybe the selling is going to end soon if youre looking for why today, theres a slew of reasons. Started overnight in china with weaker Economic Data across the board even though we got a rate cut there, which should be supportive top data in the u. K. And in the u. S. , the data was mixed retail sales, a lot stronger but markets quit trying to figure out whether good news is good or bad news is bad because it keeps the feds hiking rates higher for longer that 1 control group number that feeds into gdp, thats something people were talking about for a monthly gain that was double the expectation and signals the consumer is still in good shape even though we got new York Manufacturing going back into negative territory and showing a lot of pain there you see go
Market shares. Unicredi, i, it is in the g and raising guidance for the full year. Its a record. Its the 13th quarter of profitable growth. We are getting ahead on profit for the year. In addition to that, we had a positive surprise on systems in charges. We are 200 million better than expected. Infinion cuts the fullyear forecast, but details the cost saving program. We have to confess compared to the previous fullyear guidance, we had to lower our expectations. Previously, we were guiding for 16 billion in revenues. Now we are guiding down to 15. 1 billion. Energy complex quarterly profits fall, but the giant still confirms a 1. 7 billion buyback. Good morning. Welcome to street signs. Taking a look at the European Market right now. We are seeing a green day across the board. We are looking at ubs which has blown past estimates with earnings per share at 52 cents. More than double expectations and reporting net profit at 1. 8 billion. Silvia has more from zurich. Silvia. Reporter goo
We are without the United States. President s day in the u. S. That means a lot of participants stateside but we also see reduced trading over the Asian Session as well. We saw the asian equities session with the nikkei moving higher, 1. 8 . A little higher a little harder to make any headway. More will get to more that. Our focus on what we are doing in europe because without the United States and the chinese and hong kong markets are closed. Thats get the first word news update. President trump spent the weekend criticizing everyone but russia for meddling. He tweeted 14 times over 24 hours criticizing the fbi, democrats and special counsel Robert Muellers investigation. They came after his sweeping indictment of 13 russians for allegedly leading social media efforts to attack trump rival, hillary clinton. In florida, students at the high school where 17 people were shot and killed are speaking out or gun control. They plan to organize antigun violence marches for next month. In the
David i dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer, even i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . Did you always know that you wanted to run fidelity, and did you feel any pressure to go and run fidelity when you were younger . Abigail i never felt any pressure to and i certainly never knew that i would actually get to the position that i have gotten to now. I was always interested in the business, it was impossible not to learn about it. Between my grandfather and my father, they were both passionate investors, and they love the idea of building a business that focused on taking care of its customers. I always wanted to be involved with it. But of course, when you are young, you do not know where life is going to take you. David your grandfather started the company in 1946. Abigail he began life as a lawyer. And