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will join us on macy s earnings. jon: futures negative, down by 48 points. europe come after two days of gains, we ve rolled over a little bit with the dax off by .8%. you at italian banks specifically. bottom sachs calls the after a day of losses. euro.nger in the face of a lot of slide in the treasury market, 10 year is in focus today. yields still lower, down by a basis point. that call on the yield. does not look so outlandish today. we will talk a lot about the dollar today. geetha ranganathan breaks down disney s disappointing earnings. how the yen is affecting toyota s bottom line. guy johnson has goldman is latest call on the dollar. ahead to theooks vote on dilma rousseff. plummetingisney premarket. it posted second-quarter results that missed analyst estimates. ,e welcome geetha ranganathan live from princeton. let s talk about the shortfall and reaction here. obviously, they missed both topline and bottom-line. most of their media peers had reported better re ....
the central-bank prepares for its last super thursday ahead of the referendum. we will bring you full coverage, live on bloomberg. so we are 28 minutes away from the start of the european trading. it looks likely will see a mildly negative start to the day. let me show you what s happening. this is the picture at the moment; you need to focus on his missed price column. london looks like it will be down around 3/10 of 1%. continental markets looking firmer. i would say probably that points to a flat story at the get-go. caroline: yeah. let s have a look at the asset checks we have on. i want to draw into what has been happening on the oil side, and what has been happening largely on the japanese trading front. keep an eye on oil. there was a surprise reduction in inventories in the united states; we saw it down to its lowest in september, 2014. clearly a bounce in oil has been driving it, some japanese bonds to keep a close eye on. i m interested by the fact that 30 yea ....
up italy s troubled banks? so, welcome to the program. this is the pulse live here in london. first thing s first. let s check on the market. overall, we are seeing a lot of european shares on the downside. we had disappointing news in terms of earnings coming from japan. we also had disappointing figures from a cement company, goes to construction. it is the backbone of the european economy. i want to show you the pound. later on, it is the last time we hear from mark carney and the r expectations for interest rates. the last time we hear from them before the june 23rd referendum. a lot of banks are under pressure. now let s get straight to the bloomberg first word news. in mitsubishi motors have jumped by 16% after confirmation it is in talks with nissan, including for a possible capital tie up amid a fuel economy scandal. nissan is seeking a 33% stake in mitsubishi motors. credit agricole reported a decline at first quarter profit. net income fell to 227 million eu ....
a very warm welcome to the program. i am anna and words. just facets :00 year in the u.k. will join us in dubai. the french banking group reporting their numbers, q1 profit at 227 million euros against the estimate of 220 million euros. that number beating estimates on the next level, large customer unit net profit coming in at 163 million euros. cole reportingi that trading revenue fell at the bank began a reorganization to streamline the capital structure. the cost of a rebound, that is also of interest. remember this european banking sector the largest having struggled this year, at record low interest rates, freezing income. and turbulent financial markets deterred clients from trading, listing, and other matters. that is something the whole sector has had to deal with. back in february, we heard they were selling stakes in three dozen regional banks in 18 billion euro transaction to simplify the structure, reinforce capital, and pave the way for all caps dividends. ....
the economy is slowing ahead of the referendum. the bank of england has a tricky judgment call. it can t go too far out there politically and say what the economy would do if we were to vote against staying in the eu but it is clear the economy is slowing. the assumption is that the economy will pick up the growth it lost in the second quarter if the u.k. votes to stay in the eu. lots of headlines here. they are rate increases, are more likely than not. it may cause the pound to drop sharply. it sees inflation dropping. that is very important because as inflation is forecast to rise, the bank of england is telling us, rates are going to be raised in the forecast. in the 2-3-year horizon. investors will depend a lot on what happens in the upcoming referendum. the big take away is that yes, the bank of england has cut the gdp forecast for this year but it is not a big surprise. the economy is slowing and the back.ata is there is a slowdown in construction and manufacturin ....