The former fed official draws criticism after suggesting the central bank hold back on stimulus that would help Donald Trumps trade policy and reelection. The president s deadline. Italys political leaders meet today seeking agreements on new government. Failure could mean a new elections as soon as november. Bp exits alaska. They sell their business in the state for 5. 6 billion saying it is no longer a competitive investment. Good morning. Matt good morning. We are looking at bund yields down to 70 basis points right now. Take a look at the threeday trade. Yields continue to follow how lower fall lower and lower. For the most part, futures are pointing to a negative open right now. We have futures down just marginally on dax futures and ftse futures. Futuresowing cac falling more significantly. Anna we look at europe versus the u. S. We will see how that levels itself out. I have a mixed picture coming through in the asian session. A bit weaker over in the chinese markets. The Invest
Following the Money Raising lots questions, David Cay Johnston is joining me to talk about Donald Trumps bond problem. As i bid you all a good day from the tom brokaw news center, welcome to alex witt reports. President biden is hosting st. Patricks day events today. His campaign announcing raising 53 million in february, and reporting 155 million in cash on hand. New reaction today to donald trump ramping up dark rhetoric at a rally for a Republican Senate candidate in ohio yesterday. More on that in a moment for you, and new reaction from republicans on the hill to trumps rhetoric, casting january 6th defendants as hostages and patriots. As you know, he did not call for the storming of the capitol. You we are a nation of laws, and those folks were convicted, and pled guilty. If you plead guilty, obviously you are not a patriot. You are someone who committed a criminal act. We have Breaking News on the israelhamas war as leaders negotiate directly for the First Time Since the start of
Its a very modest decline. All in all, when i look at the full year, we have done better. We are gaining market share. Anna a warm welcome to the program, this is bloomberg daybreak europe. In the london, 7 00 land. We go there in terms of the results we get first this morning. Fourthquarter net income coming in ahead of estimates, 801 Million Euros is the number on the bloomberg right now. The estimate was for 569. 6 million. The company has been cutting costs and has sweeping restructuring plans. The focus is really on that restructuring progress and what they are doing there. Also on their dividend plan. Theyre telling us for your dividend will be 0. 32 euro. The focus, the comparison with ,ts rooftop with its rival will become italys largest company. Credit has at union his plan in his sights. On watching for an update nonperforming loans, a focus for this is this as well. Lets stick with the banking sector, commerzbank has their numbers hitting the bloomberg as we speak. For her o
Anna a very warm welcome. This is bloomberg daybreak europe. Manus delivering the numbers. Francs,ion swiss penciled in by the market. Through, 22. 1 percent. Global growth will remain strong in the Fourth Quarter. Withue coming in line estimates. In terms of the net income looks to be a bigger force. The Global Markets division that we will break down. The trading divisions at parabas and barclays came under pressure. Some breaking news. Numbers are getting from elsewhere in the financial sector. Ing giving firstquarter numbers beating estimates. Underlying pretax profits to billion euros, the net income number 1. 3 8 billion euros. In the Third Quarter, that is above the estimate. A ratio of 14 point 5 . This is the biggest debt to lender, ing and the business is cutting costs to ease pressure on revenue because of the low Interest Rate environment. When youre into the plan they want to achieve 900 Million Euros annual savings by the end of 2020 one. They are limiting jobs and invest
Hsbc names mark tucker as the new chairman. The shares jumped the most since december. And the fingers on the trigger. British Prime Minister theresa may is poised to invoke article 50 and start the Brexit Process as early as tomorrow. But is sterling oversold ahead of brexit . Matt guy, we are less than half an hour away from the european cash open. Lets take a look at where the futures are trading right now, pointing to very slight gains, very slight. Is the cac, gain but otherwise the dax is slipping. Im taking a look also at german yields. Let me zoom in on what we are seeing here at the open for looks like climbing just a little bit investors are selling off german debt, maybe the 10 year isnt what we should be focused in on. The short end of the curve looks extreme, very negative as far as the shorter end of the german debt curve. Guy was interesting as well is the relationship to switzerland we will bring you that chart later on. Lets go to the gmm function. I want to deal first