Efore the meeting wil Parliament Saying clearly we will not take kindly if you try to buy [inaudible] one of the biggest tech deals ever. We will extend their reach into 175 countries. Recession may be coming, but investors should not fear the worst. It is all straight ahead on bloomberg best. Hello and welcome. This is bloomberg best. The most important Business News from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. Deutsche bank a dramatic overhaul of its operations at a turnaround. Bombshell. G Deutsche Bank planning to cut 20 of its workforce. Shutting down its equity sales and trading business. The losses are already starting. Comepect many of them will in london and many will come in the United States as well. The focus is about refocusing this business back on the german side of what is happening to become a corporate bank, less of an investment bank. Is that enough . What is the reaction . It is quite dramatic, 18,000 jobs, the
We have a lot of time left before the meeting. Parliament saying clearly we will not take kindly if you try to buy. One of the biggest tech deals ever. We will extend their reach into 175 countries. Recession may be coming, but investors should not fear the worst. It is all straight ahead on bloomberg best. Hello and welcome. This is bloomberg best. The most important Business News from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. Deutsche bank a dramatic overhaul of its operations at a turnaround. A banking bombshell. Deutsche Bank Planning to cut 20 of its workforce. 18,000 people. Shutting down its equity sales and trading business. The losses are already starting. I suspect many of them will come in london and many will come in the United States as well. The focus is about refocusing this business back on the german side of what is happening to become a corporate bank, less of an investment bank. Is that enough . What is the reactio
Of that. Marriott and hilton is down on a downgrade. The 10 year yield is backup to 2. 06 before the powell testimony tomorrow and plenty of fed speakers today and later in the week. Guy absolutely a firm focus on the fed. European stocks are down again. Stoxx 600 down by 1 . Cable is breaking lower again today. The reason for that the politics, probably more importantly core retail data out of the u. K. Today ahead of gdp tomorrow. Looks like the u. K. Economy hit a brick wall in the second quarter. The market is pricing and more rate cuts from the bank of england. By anothernk down 2. 32 . It was a little worse earlier on. It rallied a little bit, but down hard since that plan was announced. Vonnie fed chair Jerome Powell delivering the opening remarks on the recent Bank Stress Tests at the boston fed conference earlier today. His remarks come a day before his today testimony to congress, with investors expecting powell to pave the way for a socalled insurance cut. Here to discuss no
Rosalind protesters keep pushing for concessions in hong kong. The u. K. Parliament takes a stand against a nodeal brexit. Parliament saying clearly we will not take kindly if you try and bypass us. Rosalind ibm and red hat seal one of the biggest tech deals ever. We will help extend their reach into 175 countries. Rosalind plus, kkrs henry mcvey says recession may be coming, but investors should not fear the worst. If i were to quote shakespeare, it is sound and fury signifying nothing. Rosalind it is all straight ahead on bloomberg best. Hello and welcome. I am rosalind chin, and this is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a daybyday look at the top headlines. Deutsche bank announced a dramatic overhaul of its Global Operations in the struggling lenders latest attempt at a turnaround. David a banking bombshell. Deutsche bank announced a fundamental change in its bu
Drawing the line. A group of wouldbe Harvard Students get their admission offers revoked for racist and offensive memes online. How the posts got them booted usom one of the most prest schools. And exclusive. A look at the unbelievable video of the climber scaling Yosemites El Capitan without a rope or safety equipment. At one point, standing on a ledge that doesnt appear to exist. And hes speaking out to us for the First Time Since that deathdefying feat today, tuesday june 6th, 2017. Good morning, everybody. Welcome to today. Glad to have you with us on a tuesday morning. We have a lot to get to. Can we go back to the video for a second . I cant imagine this. Ive been to yosemite and stood beneath el capitan. I dont know how this guy did that. We dont feel with kuncourag. Hes making us feel woozy just watching that. A young woman, a contractor from georgia, behind bars, accused of leaking a top secret nsa document. This is a story for two reasons, because the information, lie hi clas