Last store. But have to do that the business i want to get jones and berlin good to have you with us so is italy in breach of european budget rules that is the question european regulators are expected to answer with yes later today the move could result in the e. U. Imposing financial sanctions on the country the dispute centers on italys mounting public debt at present the sum the government owes is worth 132 percent of the countrys total economic output and that figure is expected to rise to 135 percent next year that is a thorn in the side of the e. U. Under its rules Member States can only hold a debt of up to 60 percent of g. D. P. So a showdown with the e. U. Would put further pressure on italys Fragile Coalition government which is already under pressure to deliver on expensive election promises and for more lets cross over to the sunda in brussels max good to see you so 1st of all. Is it likely that the e. U. May to give rome a 2nd chance and not impose sanctions while monica
Elections. And also a level Playing Field in poland web refugees. And mike would say the truth of different things, depending on where they come from. We know we have like we just need to accept that we are all human beings. So you saw about us just to accept who we are. Im proud of why im. Im always be black. The spoken to the program to Jazz Ministry ruler has proposed a 3 year transition to power of the west. African lead has made another attempt at diplomacy to reverse the cube. The statement by general of the money each chinese follow told with a delegation for west africas main regional blog. Echo us now they will send back new chance to post president is the 1st time home and buzzing as be seen in public since last months military take over the course act reports the. Answering the dentist called to mobilize, tens of thousands of volunteers gathered outside of new years nationalist. Take him to join the armed forces to the agenda. This is a show Popular Support for last months i
Look across the pond its a mixed pictures over there. The tenyear note yield. We have some employment data, there is the 232 our road map starts with wall streets record run. U. S. Stock futures pointing to a higher open, the s p at its longe streak of records now in 20 years. Plus delivery wars u. P. S. And fedex shares are following on reports that amazon is testing its own Delivery Service. And bill ackman rumphing up his push for changes at adp, well hear why he thinking that company could be more productive making history after the three indices closed at record highs. Jobs fell by 12,000. Earlier President Trump treated stock market hits a record high, business and manufacturing enthusiasm at the highest level in decades a reason for him to be optimistic so too for the gulls industrials, transports, small caps, mid caps, almost everywhere you look. I think it will be interests to see what happens with the transcripts after this news for amazon thats been gravy. We are in an absen
To 10year bond market. Yields moving down by six basis points. There were concerns. Those have dissipated and the rally is pretty strong. Sterling down. 5 of 1 . Three week low. Serious shade being thrown at theresa may today. Jonathan its one of the cruelest things ive ever had to watch from a politician for quite a while. David it was an important speech. Jonathan the letters dropping off the wall behind. Couldnt have gone much worse. Alix david . David time for the morning brief. Coming up, weekly initial jobless claims and trade balance will be released. And at 10 00, factory orders and durable goods and were going to hear from several members of the fed starting with jerome Paul George John williams and patrick arker. Bond markets trying to sort out the aftermath that President Trump might wipe out the puerto rican debt. Something they tried to walk become. And overnight, the puerto rican treasurer say theyre going to run out of money and had to shut the government down if congres
His son released. Meeting government officials as they try to quell growing government anger over emissions. Oh caroline welcome to bloomberg daybreak europe. From here in the city of london, on anna edwards. With got commerzbank reporting a secondquarter net loss, 630 537ion euros, a loss of million. That lost a bit wider than what we expected. They are giving us guidance in 2017, saying they see it slightly positive net result. This is germanys secondlargest listed bank. That antly found out company disclosed owning 5 , making his business the second largest shareholder after the german government, which bailed out commerzbank. Byy plan to cut 6000 jobs 2020, to free up cash in other areas. Sticking with the banking theme, we have numbers out of Societe Generale. Profits down 28 . Litigation clouds lingering over this international dealings. The products business helping the trading to outperform some of their rivals. They are also grappling with litigation. That is, to some extent,