Both the u. S. And iran need to show compromise and flexibility. Global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. From washington, i am Alisa Parenti. This is bloomberg. Emily this is Bloomberg Technology. I am emily chang. All this week, Bloomberg Television and radio are on the ground in boston showcasing tech giants and startups and Breakthrough Technologies in robotics. We are speaking with innovators, Venture Capitalists, educators across the city. Caroline hyde joins us from the ge interim headquarters in boston. What have you got on top today . Caroline so much, emily. Weeke had such an awesome so far, spending time at your old font, harvard university, yesterday, and the museum of science. Today, ge kind enough to post us in their interim headquarters. They relocated from connecticut to boston last year, bringing hundreds of jobs to the local area and receiving 145 million worth of incentives and tax breaks from massachusetts
Shares in fiat hit the skids after the u. S. Department of Justice Reportedly prepares to sue the carmaker over its excess emissions. Burberry shares are in fashion with investors in early trade as the Company Reported better than expected underlying profit as a new ceo gets set to wear the pants. Sent to where the pen good morning once again, its thursday. Glad youre with us. Lets get straight to the markets, see what the fallout from the white house drama continues to be. The stoxx 600 is still off by 0. 5 . The dax seeing its biggest loss since before the trump election. The dax down 1. 4 , the cac off 1. 8 . The worst day in more than eight weeks. As you can see, were extending that selling pressure on the markets. Lets look at the sectors one by one. You can see autos are under pressure, off by 1. 4 . This is mainly because of Fiat Chrysler given the u. S. Investigation and the pressure on the carmaker. Well get much more from nancy hungerford. Utilities, Household Goods are the f
And sarah has the weather. Good morning to you. Lots to talk about in terms of the weather. Snow and ice warnings as well as strong winds and potential flooding around the east coast. A full forecast in 15 minutes. Good morning. First, our main story the army is on standby to help evacuate communities along the east coast, where a tidal surge is expected to hit. The Environment Agency has issued seven severe Flood Warnings, meaning there is a danger to life. Andy moore reports. All along the east coast, floodgates have been closed in preparation for the storm surge. Gale force winds are combining with high tides to threaten coastal defences. In jaywick, in essex, there is a severe Flood Warning, meaning a risk to life. The Emergency Services have arrived in force. The residents are being urged to leave. Evacuation centres a re being urged to leave. Evacuation centres are on standby. Weve got exceptionally strong winds, between 40 exceptionally strong winds, between a0 and 50 miles an h
Out of 30 cabinet ministers who backed a leave vote back in june. She joins us at 9 40 u. K. Time. First things first. Lets check on your markets. We are just three days away from davos. To a lot ofpeaking former Prime Ministers, current Prime Ministers, heads of state, and ceos. The dollar set for a weekly loss. Stocks climbing. Gold a touch on the up. Be the mood in the market that investors are trying to assess whether markets move higher since the u. S. Election may have gone a little too far. Lets get straight to the bloomberg first word news. Heres sebastian salek. Sebastian chinas exports remained subdued last month as weak Global Growth laid on demand. Overseas shipments fell in december while imports rose more than 3 to leave a 41 billion trade surplus. The Worlds Largest exporter faces challenges as it braces for potential trade frictions with the u. S. Under a Trump Presidency. Fiat chrysler milan shares are on the up having plunged yesterday after it was accused of cheating
Shrink the feds Balance Sheet. David . David were goined by mr. Campbell who covers banks for bloomberg and alice williams. She was a banker for Morgan Stanley and u. B. S. Lets start with the numbers because they broke 15 minutes ago now. Theyre basically up across the board according to estimates and last year. Mr. Campbell thats right. Really what this is about is the expense story. It looks like thats our initial read, noninterest expenses are lower than analysts had expected so bank of america did better on that. Credit cost provisions are ower than analysts expected. Thats a good story. People may have questions on Revenue Growth. Bank of america came up short on Net Interest Income with Interest Rates rising a bit during the quarter. Theres interest there. Bond trade chg was going to be there were a lot of good expectations for bond trading this quarter. Bank of america came in short on that. David focus on the trading because it came in low. As you point out the Fourth Quarter