What you are saying but others will say all of this is such a great area because of our unwritten constitution. We dont know exactly where we do stand and its a question of balance of powers between parliament and the government and the courts, but it shouldnt be this unpredictable in a sense. I agree it shouldnt be unpredictable and it wasnt unpredictable. The law does not permit judicial unpredictable. The law does not permitjudicial review of the prerogative to Prorogue Parliament. It is subject to political control. That leaves space for a serious political controversy, a disagreement between mps and the Prime Minister and eventually there has two. We will have to leave it there because we are back inside the Supreme Court. Lets listen to the governments representative here. Supreme court. Lets listen to the governments representative herelj paraphrase of course from the opinion of hodge in the case of her goal. Mark reference has been made to constitutional principle. Constitution
Protectionism is a drag anchor and governments are not doing enough. U. S. Agrees iran was behind the aramco attacks. Tehran denies that and warns of allout war if it is attacked. Shery lets get you started with a check of the markets in the u. S. We are seeing futures unchanged, after a mixed closed on this theres day. We have the dow moving more than 50 points. The s p 500 finishing unchanged. We had a boost earlier in the session coming from white house Economic Advisor larry kudlow sounding more optimistic on trade. Then we had another trump advisor hinting at 50 21 50 to 100 tariffs on chinese goods. Rising uncertainty on trade, not to mention the oecd cutting Global Growth forecasts. That led to our haven demand bonds rallying for a fourth consecutive session and the 10 year yield sitting at that 178 level. Not see how things are shaping up in asia. We are this friday, potentially seeing a muted start for asian stocks. Bonds drifting as treasuries nudge higher. Tensions will be o
Interested forecasts ibm is betting on 5g growth and the cloud, it has a tieup with at t that is talking exclusively with jim about he got both. And president ial pressure trump saying his administration will take a look at accusations from tech investor peter thiel that google coordinated with the Chinese Government so some mixed reaction out on bank earnings. Jpmorgan chase, Goldman Sachs, wells fargo. Guys, obvious lly the reason th stock is down they lowered their nim forecast by 500 million. Sometimes you look at a quarter and you say, please, please, give me a highlight. Look, the efficiency ratio was good but when i look at what the other banks have done, i understand that jpmorgan is good, just not shoot the lights out. I dont think when i look line by line, look, you got some good numbers here you have the Consumer Community banking this line about the just the consumer itself, these guys are coining money theyre not coining money as i would like it because of Net Interest Mar
Tom good morning, this is bloomberg daybreak europe. These other stories that set your agenda. Japans two year yield jumps to its highest since 2011 after inflation comes in hot. Theres an 80 chance negative rates will end by april. President biden says a ceasefire between israel and hamas could be secured as soonest monday. Plus, french president Emmanuel Macron says sending western troops ukraine cannot be ruled out. That as sweden gets final approval to join nato. We move away for the geopolitics to look at the earnings story right now. The front Space Company has around 950,000 corporate clients in terms of the focus on vouchers and on the Human Resources part of the business. Coming through with fourthquarter operating revenues above the estimates, 655 Million Euros, slightly above the estimates of 600 62 one Million Euros for the full year. Coming in just above the estimates, a little over one billion euros. 1. 0 9 billion euros. The estimates had been for one point zero 8 billio
Yesterday the s p was up more than 1 . So, kind of putting on a brave space treating good Economic News even with the headwind of whats happening. Im watching financials which were lower and in reaction to more Bank Earnings and have turned higher. I dont know if its yields. Theres a lot in there because bank of america and Goldman Sachs were better. They were better. As i was saying, when it comes to the banks, if the economy is going to be okay, the banks should probably be okay. If your biggest concern is recession, we pushed it off a little farther. And Home Builders up 0. 50 . Energy and cyclicals. Lets take a look at the state of the consumer. I spoke with bank of America Brian moynihan, and his assessment is the fed is working. Well have 4 trillion plus of our consumers moving accounts, writing a check, taking cash out, spending money with zelle, so 4 trillion plus a year. In 2021 that grew over to 2022 growth rate was 9 to 10 . In the early part of this year, 23 First Quarter o