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Hotel giants see room revenue plunge 80 the central bank said they only answer to the court not the government the call to justify its Bond Purchase Program significant loss of output has become inevitable. That is the message from the governor andrew bailee forecasting a 14 drop in gdp. Sterling rising as the bank of england predicts a sharp recovery in 2021 caller expect a recovery much more than the pull back from the financial crisis. After the british telco cut its dividend looking to shake up its sector a warm welcome to street signs. Lets get to our top data point, chinese exports jumped by 3. 5 in april as reopened factories in the country moved to fulfill back log of orders. With a 2 fall in the month. The biggest decline since 2016 the trade surplus grew to 45. 3 billion. Far above expectations how meaningful is this jump in exports . Is it reflective of rebust gains or concentrated in particular sectors . Even af ....
Disappoints with guidance despite a stellar Earnings Report china meanwhile puts a dent in audis forecast sending shares in parent vw lower. Theres a new word around town, the fed saying only some improvement in the labor market is now required for rates to go up. Good morning to everyone. We have so much to talk about today. Lets kick things off with earnings. European markets are rallying across the board amid a raft of corporate earnings. Lets kick things off with the bank shares of Deutsche Bank generalnys largest lender plagued by litigation costs. Investors are optimistic that john krein can set the bank on a different path. Rbs soars to the top of the ftse after the Company Posted surprise profit the statebacked lender speeding up its restructuring plans and booking a 1. 1 billion pound charge in the process. A sh ....
Private equity on track for a record year fundraising, we got the woman in charge of Goldman Sachs clients, alison mass, her first tv interview ever. Very much looking forward to that. Lets begin with the top market story with the equities pulling back on new details about Congress Tax Reform plan. Ylan mui has the latest on what could be a delay in its implementation ylan kelly, republic b cans considering phasing in the reduction of the corporate rate according to bloomberg news. Under this plan the rate couldnt get to 20 until 2022 one word of caution here, the tax bill is still final yet. 20 corporate rate is one of president trumps red lines in this debate. White House Press SecretarySarah Huckabee sanders appeared to throw cold water on the phasein ....