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everything has to do with the tax reform in the u.s. -dollar, a little bit affected by the tax bill. theresa may made moves to rally the troops to have a common vision on what trade will look like. we will speak with the vice chair of rothschild. we will also speak to david herro. and then, we will speak to fed president the of dallas we did get figures out of germany and business confidence is at 117 .2. it is missing estimates just buy a touch. to be at 117.2. weseems to be ranging as speak. let s get straight to the bloomberg first word news. reporter: donald trump has called russia and china rival powers to the u.s. as he outlined a new foreign policy. in a departure from his previous statement, he declined to mention climate change as a threat. donald trump: we also face rival powers, russia and china. we will attempt to build a great partnership with those and other thatries, but in a manner always protects our national interest. reporter: nikki haley has blocked ....
we are live from bloomberg s european headquarters in london. coming up this hour, autos. peugeot s first half earnings surge. we are speaking to the cfo live from paris in about 10 minutes time. make sure you stay tuned for that. first up, barclays german john mack farland says he s going to step up the pace of cuts to the british lender. the bank reported second-quarter profits of 1.8 5 billion pounds. that matched analyst estimates. profits at the investment bank jumped 35%. for more, we are joined by our london finance reporter, julie of her lane. julia these results sound like mcfarlane is ready to take the bank by the scruff of the neck. julia: he is going to run down the non-core by 2017 to bring down risk-weighted assets. i think he is there to accelerate the whole process that jenkins started. you had equities down 2% and investment banking fees down 11%. it has been offset by the macro performance. manus: in terms of these job cuts, where do we think they are ....
. welcome to what will be a pretty intense show as we gear up toward that inauguration in about nine days from now. we have a new report from the world economic forum on global risk. they talk about unemployment as one of the big risks. inequality and increasing polarization. what they mean is the polarization of politics within various countries. we ve seen it with brexit, with trump, but also polarization in terms of various countries around the world. they talk about environmental risk. not also talk about society keeping pace with technological change. we will speak to the chief author of the report a little as wen in surveillance also geared towards davos, which starts next tuesday. first thing s first. we will check in on the markets. this is european equities. i would suggest that most of the moves and the most important moves are going on elsewhere. it is currencies, but also the emerging markets. this is a picture we are seeing for the turkish lira, hitting ....
live from bloomberg s european headquarters here in london. we have a great show. we talk brexit with a merkel ally. .e speak with a prime minister we are live in russia speaking to the ceo of the world s largest diamond miner. roneyspeak to paolo scott paolo scaroni. we will speak to him about whether we can see every cover. the global markets a bit on the upside. they are recovering losses. the european stoxx 600 getting 1.3%. we talk about what we heard from japan s finance minister. at 142.66 ound 1.4266. i want to show you what the polish swat the. anything that affects the pound will affect swissie. let s get to the bloomberg first word news with nejra cehic. both sides of the eu referendum debate has suspended their campaign for a second day after the killing of an mp. jo cox died after being shot and stabbed as she met voters in her west yorkshire constituency. a 52-year-old man has been arrested. she was a committed member of the remain camp. witnesses said ....
and a morning. the ec and a warning. the ecb says they must be wary of introducing fresh stimulus, but are they moving closer to draghi s position? we will hear from bundesbank throughout the show. and we ve got the imf pushing for bold fiscal action, goldman pushing back on that. where did they see monetary policy in the next? in the mix? hans: he says it will be data dependent. normally, the german voice tends to be, well, quantitive easing can be counterproductive. they re specific, saying they won t be for it. i heard a central banker in frankfurt yesterday who was open to the idea of doing something more, but he clearly wants to tweak it. he may be closer to that theater constantia position. he didn t explicitly say it, but he seems to walk up to it. guy: we will talk about that later. s an i have plenty to h hans and i have plenty to kick around. let s look at what bloomberg is telling us. a fairly positive open looks like the risk is creeping back into the ....