At them. When you look at 5. 7 billion pounds, that is a net loss aftertax. A oneoff charge of a cool 7 billion pounds. Property is where they take the hit. Goodwill is where they take their head. Stock is where they take their head. Restructuring costs. Still it looks frustrating for the future. The market is still challenging, so says dave lewis, the chief executive. Dividends have eased the situation. Times very tough over a tesco. I think the real issue is what about the future . You have dave lewis trying to talk up the volumes they are selling. More people going into tesco. They have invested in prices. They are investing in front of house staff. People actually serving you. They outlined the numbers. More than 4600 customerfacing roles to be made and they are improving the pricing of numbers of brands. What about asset sales . That is what i want to hear about. The Analytics Business behind the card, could that be sold . No news there. Portfolio review. Ongoing. What about the a
I will continue to look through all of this but we are going to head over to betty liu and in the loop right now. Betty thank you so much for going through those numbers. We are 90 minutes or from the opening bell. We have a great show coming up for you. A rare moment when some republicans and the president are locked up on trade. Paul ryan joins us in just a few moments on authorizing fasttrack trade authority for the president. Comcast joins me today to talk about the big merger. By the pendulum has swung in the last 14 months. Rich greenfield says it is likely this deal is not going to go smooth. We will talk to him in just a few moments. The great divide. Just of cigarettes Joseph Stiglitz also joins us. His personal passion i studied for decades. U. S. Authorities are making big charges against smalltime traders in the u. K. They say they played a major role in the flash crash five years ago. Disappeared in a london court today. The hearing is going on. Prosecutors say he used an
Was therefore 5, 6 years he was a legend. During the financial crisis this guy had faults. He used to get into big positions, saw the risks and reward and took on the trade. Mark a former colleague of the allegedly lash crashed rater, calling him a legend. We are live as he fights extradition to the united states. Welcome to countdown. Caroline coming up, youtubes 10th anniversary. We will take a look at how the video giant went from business to a global phenomenon. But there is one social network that will surpass youtube and videos in the u. S. , and that is facebook. The breakdown facebook, as they talk all things tech. Mark more evidence this morning that the slowdown in china falls to its lowest level. Hsbcs flash pmi came at 49. 2 making a mark for contraction. For more detail, lets go to zeb in hong kong. This is the lowest level we have seen in 12 months. Zeb yes, and it could get worse. New orders and prices deteriorating jobs shedding. This survey suggests that the peoples ba
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
Next tradition hearing after being arrested on tuesday. He is accused of helping Cindy Dow Don Jones Us Industrial average on a wild ride. He used an illegal technique known as spooking to fix prices. He is accused of manipulating markets over a fouryear period and making 3 billion in profits. And the deadly attack in benghazi, libya may stretch into the 2016 election cycle. A spokesman now tells Bloomberg News even if the probe were completed in 2015, the panel would need more time to analyze information and write a word. Republicans have tried more than two years or have set for more than two years that clinton, who was secretary of state them, failed to bolster security before the attack. Democrats point out there have been several congressional inquiries. Brendan in baltimore, more protests over the death of a black man after he was arrested by police. Freddy gray fereddie gray suffered a severed spinal cord injury. Meanwhile, in tulsa, the volunteer sheriff deputy is off to the ba