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Reaches a milestone. Good morning, everyone, and welcome to bloomberg surveillance. Im Francine Lacqua in london. We have breaking news the last 20 minutes. China says that the u. S. Has abruptly closed its consulate in houston. That is having an impact on the market. Lets get the markets. Risk sentiment looks a lot shakier after china says the u. S. Abruptly ordered the closure of its consulate. Most european indices have extended declines to session lows. S p futures accelerating their dissent. I did want to show you gold and silver. Lets get straight to the bloomberg first word news. Ispresident donald trump restarting virus briefings. There was a shift in tone with the president urging americans to wear masks and avoid risky behavior. The death toll for the virus in the u. S. Has topped 140,000. Cases are still growing, especially in southern and western states. President trump it will probably, unfortunately, get worse befor ....
At 1. 1764. The ifo index was at record highs in august, but we saw that preelection dip to 115. 2 in september. We were expected to stay around those levels but we got a stronger showing than what we had anticipated. If we look at the german ifo conditions, a forecast of 123. 8. And the ifo expectations index, 119. 1 versus a forecast of 107 this all beating expectations. Annette is in frankfurt with instant analysis this is all fairly strong data a day ahead of this crucial meeting from the ecb that would in a way justify tapering, wouldnt it . Of course in looking at the German Economy, tapering is justified if we would set the Monetary Policy for germany, i think we had taper quite for a long time already. Let me run you through what were hearing from the ifo institute. I think all the insecurities surrounding the outcome of the german election has gone people are invest ....
Both knew after the first splitting of the the atom that the potential for atomic power or atomic weapon were was viable so they moved forward on programs. Hisenberg was part of that program, he had won nobel prize but he wasnt the key man of the atomic bomb. For years through the mid 30s he was telling his bosses, we should focus on atomic physics and the bosses came back to him and saying, stop with this quote, unquote atomic milarki and so he didnt move forward. He starts basic research, his hisenberg provides a lot of it. Hes part of a nazi part. He wants atomic bomb, one of the key things he needs and one of the reasons we are here tonight is heavy water and there was a single plant in all the world that produced it in any quantity, a place called vermok, located 100 miles west, set on the edge of ice bound preface, 3500 square miles called the vita, plateau of ice and rock and most often snow. Now, its very hard to make heavy water, they were doing it so you need cheap or free hy ....
From bloombergs European Headquarters. Lets get to our top story, credit squeeze. Raised capital as a part of its strategy. Francine lacqua is on location. Pressing, a good morning to you. A great interview so far, talking to tj talking to tg tijian. Francine it was quite strategic overall. Clearly focusing on the wealthy in asia. He did say he will unlock value in the swiss bank. Handinhand with costcutting. This is what is getting investments investors worried the most. You have to be efficient no matter what. That [indiscernible] it is a very serious decision. Something we will like to keep. We have pushed for selfhelp. We are rightsizing the Investment Bank. We are cutting by 72 . We are cutting prime. That is good to free up capital, because we are reducing the capital cost. Where cutting cost of 3. 5 billion we are cutting costs, 3. 5 billion. 2. 7 initiatives w ....
Think the roofs. Whitfield and stephanie strong. Party in chat with musicians from around the world. Make grooves every week. Now these guys might try to look scary but honestly theyre so Nine Hundred Ninety todays criminals dont need massed stroll bars or guns to get their hands on your cash the requirements for brazen burglars nowadays include a computer a solid wife i connection and preferably some coding skills welcome to made where
our topic this week is cyber crime a first report takes us to the philippines where a ring of online fraudsters was busted last year and a massive operation the perpetrators exploited peoples hopes dreams and greed and sweet talk them into handing over shoot sums of cash. On june sixth twenty eighteen a Special Police Unit raided a call center near manila and detained almost five hundred people working there. The outfit was allegedly ....