Moving news from all around the world from frankfurt, to london, taiwan, our bloomberg two iowa, our bloomberg voices are on the ground. Commodities leading the charge for the quarter. Here for more is bloombergs sonali basak. Income net interest coming in above analyst expectations is a great thing for bank of america because it shows the bank is doing what a bank should do. That is loan growing, deposits growing. Investment banking mergers and acquisition fell short than expectations, but we are seeing that across the board. We want to see confidence among corporate clients now that we know consumers are holding steady. Alix what were some of the worries through the quarter . Sonali the expenses were up, but bank of america was a costcutting story. Something we are hearing from all of the banks is the propensity to keep investing because the cycle is getting competitive at this moment. Alix thank you very much. Now i want to go to the latest on trade. President trump is ready to sign
You k defense secretary ben wallace recently said im optimistic between this year and the next year. I think ukraine will continue to have the momentum with it and a position of strength. He also said, theres no magic one moment when russia collapses. In what universe does wallace reside . Ah, cross sucking confused narratives. Im joined by my guest, calling raleigh in apple valley. She is a retired f b i agent in a former Minneapolis Division legal counsel. In belgrade we have stephen guy each. He is a Research Associate at bell grades institute for european studies. And in cons we crossed to alex me hello bench. He is a veteran reporter and a Foreign Affairs analyst. I crossed rosen effect that music and jumping anytime you want. And i would appreciate was go to belgrade for stephen, let me go. You. I know its easy to pick on ben wallace. You know, a glorified nobody, but you know everyone throughout these at least they tell you exactly what theyre thinking, not what they want us to
will be scrutinised. the government is providing support to british steel owned by the firm thought to be between three and £500 billion, they are taking a big chunk of that one and a quarter billion pounds. everyone is recognising that the steel industry needs to carbon eyes, unions say that they are doing it too fast with too much of a heavy toll on the workforce. just too fast with too much of a heavy toll on the workforce. toll on the workforce. just very cuickl , toll on the workforce. just very quickly. what toll on the workforce. just very quickly, what now toll on the workforce. just very quickly, what now happens - toll on the workforce. just very i quickly, what now happens next? toll on the workforce. just very - quickly, what now happens next? what the company quickly, what now happens next? what the company have quickly, what now happens next? wiagt the company have agreed to quickly, what now happens next? wiat the company have agreed to do is submit th
The bad news for yahoo is that the 4. 8 billion deal between yahoo and verizon may be on life support at this hour. Bloomberg is reporting that verizon is trying to negotiate a price cut or even an outright exit from the deal. Maybe they want out and yahoo taking the potential rejection very badly. It is down more than 5 after it announced it had the biggest hack in internet history. More than one billion users compromised. We have a fox business exclusive with cofounder of aol, steve case, were going to ask him if he were the ceo of verizon, now knowing what he knows about all the yahoo breaches, would he get out with his jacket still on . And is part of this verizons fault . Steve case in a fox business exclusive. Plus, mystery in the motor city at this hour. General motors hastily calls a News Conference but the auto giant wont say what its about. Will ceo and chairman mary barra say her company is officially at war with china or Reveal Technology that could disrupt the entire indus