Meanwhile, treasury yields climb ahead of a quarter trillion dollars of auction this week. Anna and a brexit backup plan. Theresa may is said to be preparing to withhold aliens and eu payments if the bloc doesnt play ball on trade. Anna good morning, this is bloomberg daybreak europe. Lets get straight into the market auction. We will have more from the finance director shortly. Msci being weighed down this morning, part of it is hsbc, where we see negative reaction coming through to that earnings statement, in particular the pretax profit numbers and shared by backstory. We will get a lot more detail in a moment. We are down by. 6 overall in the asian session. Remember that china and taiwan are still close, but most of the asian indexes are in negative territory. Hong kong had its head above water the earlier, that has come to the downside. One thing we are focusing on as we get closer to the u. S. Session is u. S. 10 year yields. And that ofove 2. 9, course throws into focus the big
House will be in order. The chair lays before the house a communication from the speaker. The clerk the speakers rooms, washington, d. C. July 14, 2015. I hereby appoint the honorable Carlos Curbelo to act as speaker pro tempore on this day. Signed john a. Boehner, speaker of the house of representatives. The speaker pro tempore pursuant to the order of the house of january 6 2015, the chair will now recognize members from lists submitted by the majority and minority leaders for morning hour debate. The chair will alternate recognition between the parties with each party limited to one hour and each member other than the majority and minority leaders and minority whip limited to five minutes. But in no event shall debate continue beyond 11 50 a. M. The chair recognizes the gentleman from illinois, mr. Roskam for five minutes. Mr. Roskam 00 thank you mr. Roskam thank you, mr. Speaker. Ladies and gentlemen of the house, we ought not bet against ukraine and we ought not bet against georgi
Other numbers, assets 116 billion, down 22 . The Company Stays on track to reach its financial targets for the year. Continue to look through here, fixed income markets revenue, a number that has been weak in many of the banks, 3. 06 billion, roughly in line with what analyst anticipated. The company said its Net Interest Margin came in above estimates 2. 95 , the estimate for 2. 88 for a big group like citigroup. Interest margin will be an important part of the overall numbers. That is what we have so far as we look at these numbers. One other number the equity markets trading revenue, which was expected to be in the area of strength for citigroup looks to be the low estimates, 653 million, the estimate was 739 million, that number, expected to offset some of the declines in fixed income trading, perhaps it would do that as we look through these numbers. Eric julie hyman with headlines on citigroup. Good morning. We have seen everybody but Morgan Stanley, which reports on monday. Gett
Welcome to countdown, i am anna edwards. It is 6 00 here in london this thursday morning. We have Many Companies reporting here in europe today. Lets get to the first of those major names, and that is the german industrial giant reporting numbers. Caroline has a breakdown for us. Caroline we are starting on a high note it would seem. The morning to you. It seems that the industrial profit is 1. 8 billion euros a month that is more than expected. They are reiterating the fouryear forecast to drive that profit up to 11 in terms of margin. They want to attain a target of 11 profit margin in the industrial business. They are seeing that being reiterated. Also confirming the forecast for at least 15 next earningspershare growth. They have a backlog of some 110 billion euros. When you look at overall sales they are coming in line. 18. 8 billion euros, that is in line for thirdQuarter Sales. An net income is a big beat. We are seeing profits being sales. They are grossing an overall industria
Justice department. The ride hail are make the r may have violated laws on bribery. Betty it is like deja vu, only we do not have a missile tests, but more headlines from north intermediate there range missile was a prelude to more action in the pacific. In particular, in containing guam. Stern words, saying they are watching the u. S. And their demeanor. I want to bring up this chart that shows how things seem to be changing quickly in north korea. Look at the number of missile tests that have been fired within the last 12 months. In this report since President Trump was elected, we are at near what seems like record highs. At least when you go all the way back to the early 2000s. Look at how quiet it was during period. Geopolitical tensions at top of mind for investors. Yvonne you see north korea continuing to flex their muscle when it comes to rhetoric as well as the Missile Launch, which some say is quite a provocative move, launching it over japan. The u. S. Security council happe