Over two days, as the biggest oil etf dumps short dated contracts once again. We will speak about this and earnings with the bpce l, Bernard Looney, coming up shortly bp ceo, Bernard Looney, coming up shortly. Aboutl speak to the ceo the impact of coronavirus and the business shortly. Get to some numbers coming through this morning. We have got numbers coming through from bp this morning. They are talking about how the industry has been hit by supply and demand shock. They remain committed to delivering their net zero ambition. We heard about that back in february or so from the company, from Bernard Looney, the relatively new ceo at the helm of dp. First quarter dividends bp. Dividends, so maintenance of that dividend at least at the same number. Bp saying it had around 32 billion of liquidity available at the end of the quarter. The bp ceo, we are taking Decisive Action to strengthen finances. We have heard about how they will not be taking government money, they want to get through
Comes to the opec meeting on thursday. Spread coming in at 57 basis points. And bitcoin. Is it going to be 10,000 today . Time for the morning brief. At 8 00 this morning eastern steven mnuchin, William Dudley on the hill of the sec will all be speaking in new york at a conference on the structure of the u. S. Treasury market. At 10 00 all eyes will be on capitol hill as Senate Begins confirmation hearings for Jerome Powell. And President Trump continues to campaign for a tax overhaul. He will be going back to the white house for a meeting with congressional leadership on how to avoid a government shutdown. Thats all coming up today. The big story into ec is Federal Reserve nominee for the chair, Jerome Powell. The gap appears to be narrowing between short and longterm Interest Rate raising concerns on the future of the u. S. Economy. Joining us now is drew matus, metlife and that achievement metlife management chief market manager. Are we expecting to see anything different from the c
Higher in the united kingdom. Six hours of meetings and nothing agreed. The finance ministers in brussels failing to find any sort of a peace deal here when it comes to greece. Overall, were still seeing stocks remaining remarkably resilient whether they are looking at the greek finance minister, sounding very upbeat with. We have some kind of agreement. We understand eachor much better. We hope there will be an agreement found on february 16 on monday when they go back to the table. Barclays, though, saying we believe the likelihood of a greek exit is now higher than at any point since 2012. They see the euro going to parity. Lets get on the the Foreign Exchange market. Move happening on the ruble. The ruble down against the dollar. A big spike when there was that headline coming from poroshenko saying at the moment the deal is unacceptable. So worries that wont get any sort of ceasefire or agreement for the russian you crane concerns. Meanwhile we are looking at the euro. Euro curren
And, Credit Suisse beats analyst estimates. We will be speaking to the lenders chief executive in zurich. Hello. Welcome to countdown. A warm welcome to the program this morning. It is a big day for bank earnings. Credit suisse just reported earnings for its Fourth Quarter in 2014. It is proposing a dividend and investors can choose whether to receive it in shares or cash. The banks net income beat analyst estimates at 921 million swiss francs against an estimate of 869 million for the Fourth Quarter. Be sure to stay tuned. We will be hearing from brady dougan on those numbers. Thats coming up just about an hour from now. Another Bank Reporting earnings. Societe generale is reporting fourthquarter earnings for last year. It is frances number two. Profits missed estimates. Revenue in its core consumer markets falling while its capital buffer shrank as well. You income rising to 511 Million Euros from 191 Million Euros a year earlier. Net income has increased but it has missed the 505 to