This morning. So, Phil Mattingly is here which makes me so lucky. All the way from washington, d. C. , survived the blizzard thing. Wrote to have you. Start with the bulletin. The top business stories shares of apple surging, up almost 8 after it reported a recordsetting 18 billion profit in the last quarter. Give credit to the new, bigger iphone. The company sold 75 million of them in three months. Yahoo is rising as well. The Internet Company plans a taxfree spinoff of its entire stake in alibaba. Investors had pushed Ceo Marissa Mayer to return cash to shareholders and to find ways to cut taxes. It sounds like investors cannot get enough of the burgers and shakes. Shake shack is increasing the amount it might raise in an ipo to 95 million, adding value at about 675 million. The shake shack i feel is expected to ipo is expected to price tomorrow. New england is digging out of the blizzard that dont two feet of snow that dont two feet of snow on boston. The Transit System is up and ru
Economic sanctions look unlikely. They are saying the issue is not just a lack of consensus. So far, the only consensus has been avoiding the topic altogether. Thank you. We will have more throughout the day. We are watching retailers. 2013 as a great year. The chairman is saying that there is an increase in profit now. It is a 130yearold rival. Say that this recovery is it no way certain. Investors have been betting big, though. Is going up 1. 2 . They had a fantastic 2013. We are getting some news. We think it is breaking news. We have more complete news. Australia is now sending surveillance claims to see if objects in the ocean along to a missing passenger jet. We will keep on top of that news and the press conference in 1. 5 hours. We have a lot of components. We have Corporate News and janet yellen. We have a stress test today. What else are we watching. The focus is on the Federal Reserve. There are surprises. Lets see how it is impacting europe overnight. You see the nikkei goi
7000 job cuts to come at the Investment Bank. That is more than 25 . Cuts in the retail bank along with a bad bank. Lets get on with the details. Lets dig deeper into barclays strategy. The chief executive, Anthony Jenkins joins us from headquarters in london. Thank you for joining us today. This isnt the first strategy overhaul we have had. Why should investors believe this one is going to work . Good morning. Firstly, we laid out last year a clear direction for barclays. We wanted barclays to become the goto bank. We wanted to deliver superior returns for our shareholders. There has been significant changes to the regulatory and economic environment. We have the same objectives. This is a different way to get there. I believe investors will have high confidence in our ability to execute the strategy change. Are you sticking to your target . Are stillned you targeting 12 of return on equity by 2016. What about the rest of them . In most cases, the targets have either stay the same or
Accommodation remains warranted. Hello. Welcome to countdown. Justin on 6 00 a. M. Here in london just gone 6 00. Manus cranny looking ahead to the strategy update. Alking us through decision day zeb eckert is in hong kong with the story on alibaba on one of the savviest investors. From metro,nings hans nichols is in berlin today. What could be the effect on turmoil on germanys biggest retailer . Theark bristow will be on show. 7 00earnings breakdown a. M. , the finance director from bt coming up after 7 00. Getting earnings from deutsche telekom, a narrow miss. 4. 21 billion euros. 4. 15 were estimating fo billion euros. They have confirmed the fullyear forecast and they are scaling back ambitions in content in media and focusing instead on Network Investments to internet and phone customers in europe. The tmobile u. S. Unit adding more subscribers than both at t and Verizon Communications combined in the first quarter. Sprint, the big Japanese Company controlled by softbank division
News. We have a great lineup today. These are the most important businesses businesses. The present the president is planning possibly an airstrike in syria. President will address the nation at 9 00 p. M. Eastern time. Microsoft is in talks to buy the maker of mine kraft. Than 2t might pay more million. Netflix is among 100 sites, internet slowdown day. They are intentionally intending to slow connections. Providers i am going a little downmarket but still big dollars. Todays rival Dollar General is taking its bid directly to shareholders, lower bid from a different competitor. Dollar tree. This is confusing. A lot of twists and turns in the threeway takeover battle. Olivia sterns is here to walk us through it year it helped me. Dollar general, dollar tree, Family Dollar. I am looking forward to zach posing for dollar tree. That would be huge. This all got started this summer when nelson carl icahn said they had bought up states in Family Dollar. Thirdy, dollar tree, player here. Thre