20 Burst results for "French Bank"

"french bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:33 min | 3 weeks ago

"french bank" Discussed on Bloomberg Radio New York

"Coming up in just a moment We'll have our interview with the boss of French bank societe general who's been speaking exclusively to Bloomberg television after their first quarter results he's told us that the bank will book the earnings impact of the sale of their Russian arm Ross bank in the second quarter of this year those results beating expectations more from Frederick they are coming up Yeah meanwhile let's have a look then at the market So the fed hiked 50 basis points yesterday markets cheered socks and bonds rallied at Powell though sort of put aside any idea of a 75 basis point hike saying that it's not something that's actively being mold Pal saying that there are reasons to believe that a soft ish landing is possible In terms of stock futures for Europe we surge more than 2% this morning although now we tip into the red for the S&P 500 even ease down two tens now is that futures dropping also close to three tenths of 1% After three day holiday China is back as CSI 300 though also slightly softer fairly flat Japan is closed though for a holiday still In terms of the FX markets we see softness for Sterling for the Euro for the Japanese yen this morning We drop 6 tenths of 1% now for cable ahead of the Bank of England a decision expecting another 25 bps rate rise from the BOE and Andrew Bailey I love the kind of ongoing Twitter spat around passive versus active investing Elon Musk and Kathy wood again weighing in on this idea antipassive obviously Also Brent crude $110 89 by 7 tenths of 1% We have a note pick plus meeting today Caroline thank you now It's on to today's top.

Ross bank societe Bloomberg Frederick Powell fed Bank of England Europe S China Kathy wood Japan Elon Musk Bailey Andrew Twitter Caroline
"french bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:59 min | 7 months ago

"french bank" Discussed on Bloomberg Radio New York

"Fed a message of patience empty and partners describes it as dovish taper underway not a hawkish one Yeah fascinating also we get the Bank of England decision of course today that looks to be on a knife edge We'll talk about the property market here in the UK does the jump in prices get beaten down as interest rates rise but also of course the big interview with substitution Frederic udaya 53% jump in trading from stocks and derivatives record revenue from financing and advisory at the French bank And in terms of the markets you say let's have a quick look at the data in that case So MSCI Asia Pacific index is up by half of 1% All country world index up by a tenth of 1% So after the fed as you mentioned we got a record close for Wall Street for the Dow the NASDAQ the Russell 2000 even at record highs and global stocks also hovering close to record levels this morning In terms of the bond market treasuries retreated the yield curve also saw a bit of steepening So reversing some of the flattening that we've seen recently and it remains steeper than before the fed decision this morning futures markets now pricing in 70% chance of fed hike next June all markets at fascinating head of the OPEC plus meeting $80 27 for wcai food features down by 7 tenths of 1% So that's a look at the markets Let's go to breaking lines either Bloomberg in the corporate earnings season BT Group they are coming through with the second quarter adjusted ebitda of 1.88 billion pounds that is a marginal beat on the 1.85 that was expected by the market They're confirming their outlook for fiscal year 2020 and 23 They're also announcing an interim dividend for the first half of 2.31 per share stocks up about 8% this year coming Okay so that's BT Meanwhile Sainsbury's one of the big four supermarket chains in the UK it says that first half adjusted pre-tax profit came in at 371 million pounds that was a beat on the estimated 350 million They benefited from higher in home grocery consumption They are also in a good position as they head into Christmas that according to Sainsbury's but the industry faces labor and supply chain challenges has been huge in Britain and they continue to expect customer behavior to normalize their big pandemic winners then things got a little bit tougher after that Let's talk about Nintendo I like to think of myself as a big gamer not so much this space but they're coming through then with a fiscal year total switch sale number of 24 million units they saw 25.5 million units so a little bit shorter than what the market had been looking for But they're seeing fiscal year operating income at ¥520 billion which is actually higher than the initial guidance of 500 billion in the stockman on the pressure throughout 2021 Okay you said what's your favorite game then You know what I like racing simulations Anything that puts me in a car and gets me up to speed I'm on board with that I learned something new about you this morning excellent Okay let's go on to our top stories then shall we Stick with earnings Credit Suisse posted lower profit in the third quarter and signaled that it expects a net loss in the last three months of the year So the Swiss lender also unveiled a new strategy that reorganizes the wealth unit and dials back risk in the investment bank And staying with some of the banks third quarter numbers from sausage in Iran French lender extended a rebound in equity trading to be the top Wall Street banks It almost doubled profit from a year earlier and saw a 53% increase in trading and derivatives and record revenue financing and advisory and lower provisions This is important for bad loans The one source a fixed income trading performance that was worse than peers Okay and turning to the fed once more so as we expected the Central Bank will begin trimming its asset purchases by $15 billion this month Policymakers also voiced more concern about inflation at their meeting so Cher Jay Powell warned that supply chain imbalances have meant sizable price increases in some U.S. sectors Supply constraints have been larger and longer lasting than anticipated Nonetheless it remains the case that the drivers of higher inflation have been predominantly connected to the dislocations caused by the pandemic Specifically the effects on supply and demand from the shutdown the uneven reopening and the ongoing effects of the virus itself Well the fed held the benchmark interest rate target near zero and Powell did his best to dealing tapering from the outlook for rates lift off Our decision today to begin our tapering our asset purchases does not imply any direct signal regarding our interest rate policy We continue to articulate a different and more stringent test for the economic conditions that would need to be met before raising the federal funds rate While Powell also said that maximum employment may be reached next year in America And after the fact delivered its latest interest rate decision Guggenheim CIO Scott minor joined Bloomberg surveillance He said the Central Bank is setting itself up for a policy error There is no way that we have engaged in the scale of asset purchases in the pandemic where there is going to be a policy which ultimately is going to be perfect and not cause some sort of interruption to asset prices or something else that would be destabilizing As the Guggenheim CIO Scott minor speaking to Bloomberg Okay well let's get more market reaction Then to the fed decision bring in our markets live editor Heather Burke Heather good morning markets look a lot calmer after that fed announcement on tapering But what are the risks ahead Good morning There's definitely the biggest risk is that the global bull market is still impatient And our worried that central bankers might be too complacent about inflation being out of control So that is going to be a big risk The market is currently pricing June 2022 as a live meeting for a quarter point fed rate hike But the fear is that if inflation is not so transitory that they could have to move that forward along with a lot of other G ten central banks And then here in the UK central bankers are singing a different tune the Bank of England could become the world's first major Central Bank to high grade since the pandemic when it meets today But expectations are split aren't they Yes So markets are positioned for a 15 basis point increase and we've seen that kind of with the big sell off and build so we've seen in the last couple of weeks economists are split for a decision So what happens is a lot is going to depend on for guilt on eco forecast and what that says on a future rate hike path But one of the problems is is that some on the BE might want to wait for the latest jobs data and see how that the impact of the furlough program But that data is not going to be available to later in the month Okay Yes exactly So that's a big question isn't it about what the furlough scheme did to employment Thanks so much Heather for joining us Heather Burke for a show market commentary and analysis Check out markets live On your Bloomberg terminal In Europe the ECB president Christine Lagarde renewed her pushback against market bets for an interest rate increase in 2022 In our forward guidance on interest rates we have clearly articulated the three conditions that need to be satisfied before rates will start to rise And despite the current inflation surge the outlook for inflation over the medium term remains substituted Speaking in a separate interview on Wednesday la guard said that 2022 was off the chart in terms of interest rates And finally after all that Central Bank news Glasgow today So a statement outlining a deal to.

fed Frederic udaya French bank MSCI Asia Pacific Sainsbury Bloomberg Bank of England Swiss lender BT Group UK Cher Jay Powell
"french bank" Discussed on Democracy Now! Audio

Democracy Now! Audio

05:43 min | 8 months ago

"french bank" Discussed on Democracy Now! Audio

"The all of schultz we've gained to be chancellor if this collision that he's now concocting comes depression. He was finance minister under yesterday. So let's take down a few notches all the hype about the great changes in german and the other point which is a very important to points. If i may quickly one brief ones firstly steady that hit out country hearing and than ten was first practicing two thousand and nine not to such an extent was. I practiced put into place in german into thousand nine two thousand without a two thousand nine by the social democrats themselves. So it's not as if the social democrats have an anti austerity depart. They were the inventors overstay and they practiced ruthless leak in germany. And finally the point. I need to make whoever is in this government and whether leads this government this is going to contain for the first time since ages the so-called free democratic the free democrats of germany. The which is a very strong of stadium. Right-wing libertarian even party and they are going exact bond the flesh from social democrats over the christian democrats or the greens. Join them up their price for joining. The government will be business usual. W- janas of our focus. You've argued in articles you published in the new statesman jacobin that of that miracles austerity policies condemned europe germany to decline. But could you expand on that happily. I remember lehman brothers and the great financial meltdown of two thousand and eight very soon. After that found out to have these belief that the german banks would also kaput bankrupt and so with the french bank so were all the banks in the european union including the british ones and they had to actually salvage them like president. Obama did in the united states except that president obama paeans had given up on having any central bank and national central bank so they affected a cynical transfer of instead of printing money instead of having the central bank of europe. Cb the money which is what im- guide that and lies and back. Obama did in the united states instead of doing they transfer their losses shoulders. The weakest taxpayers who were greeks..

germany schultz depression lehman brothers europe european union central bank of europe Obama president obama united states
"french bank" Discussed on Democracy Now! Audio

Democracy Now! Audio

05:42 min | 8 months ago

"french bank" Discussed on Democracy Now! Audio

"We point them at one. I'm gonna. Medical was not defeated the first german chancellor in the postwar era that has been defeated. She designed so she is going home because she's heading up point number one point number two the previous administrations. At least the last two where administation's sogo grand coalitions between the christian democrats and the social democrats are now only beat the cushion them. So it's not as if an opposition bob emigrants are coming into government. They went into government. The all of schultz we've gained to be chancellor if this collision that he's now concocting comes depression. He was finance minister under yesterday. So let's take down a few notches all the hype about the great changes in german and the other point which is a very important to points. If i may quickly one brief ones firstly steady that hit out country hearing and than ten was first practicing two thousand and nine not to such an extent was. I practiced put into place in germany in two thousand nine. Two thousand without a two thousand nine by the social democrats themselves. So it's not as if the social democrats have an anti austerity depart. They were the inventors overstay and they practiced ruthless leak in germany. And finally the point. I need to make whoever is in this government and whether leads this government this is going to contain for the first time since ages the so-called free democratic the free democrats of germany. The which is a very strong of stadium. Right-wing libertarian even party and they are going exact bond the flesh from social democrats over the christian democrats or the greens. Join them up their price for joining. The government will be business usual. W- janas of our focus. You've argued in articles you published in the new statesman jacobin that of that miracles are austerity. Policies condemned europe germany to decline. But could you expand on that happily. I remember lehman brothers and the great financial meltdown of two thousand and eight very soon. After that found out to have these belief that the german banks would also kaput bankrupt and so with the french bank so were all the banks in the european union including the british ones and they had to actually salvage them like president..

germany schultz bob depression lehman brothers europe european union
"french bank" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

03:55 min | 3 years ago

"french bank" Discussed on WNYC 93.9 FM

"The Trump administration has been talking about possibly using military force against Iran, and we should be clear so far. There's a lot of signaling though, sign of shooting. The US has deployed additional warships and planes to the Gulf region in recent days, and top administration officials will brief members of congress today, the president is warned that the US would use quote great force, if note the if, if Iran were to attack us interests, they've been very hostile. They've Julie been the number one. Provocateur of Tara, buddy, also left some room for negotiation. They called. We would certainly goes yet, but that's going to be up to them. I don't really want them to call. They're ready. The administration, of course, has been threatening economic steps against anyone doing business with Iran, especially buying Ronning oil many companies around the world, scrambling to make sure they don't violate those newly imposed sanctions and NPR's. Jackie north has been looking into the sanctions. Jackie good morning. Always the US is not just hitting you on with sanctions. They're penalizing companies for doing business with Iran. How does that work? How do they find out? Well, the US dollar is the most commonly used currency in the world and the majority of transactions, whether you know, it's wire transfers or currency exchanges payments are done in the dollar, and those transactions will electrically run through about a half a dozen major banks in the US. You can imagine the computers in those banks watch trillions of transactions, and they have software that will alert them. If a person or company on a US sanctions list is trying to do a transaction. They'll then alert the treasury department in you know the penalties can be big four years ago. The French Bank PNB para BNP parable was fined nine billion dollars for violating those sanctions against business with Iran. Now that those sanctions have been reimposed companies. Let me tell you are scrambling to comply nine billion dollars. I underline the scramble. What are some of the steps, he's companies are taking to stay on the right side of this. Well, a lot of more proactively scrutinizing their transactions, and I'm told many international companies are hiring. Former treasury department officials to help make sure they're in compliance. Not violating USA. I dug down into some quarterly financial reports from Amazon and found that they've been going through their transactions with a fine tooth comb. They have declaration, saying they've discovered sales, and or deliveries of books and jewelry, and toys even pet products. It's too Arrhenius embassies consulates since twenty twelve you know, the even mentioned a twenty dollar delivery to someone who may have been working with the Iranian government. So, you know, it's better to go back and look rather than face one of these very heavy fines, or even be banned from the US financial system. The US pro reimpose sanctions on Iran after President Trump pulled the US out of the nuclear deal, but other countries still do support the deal. Can they get a reprieve from these sanctions? It's, it's really difficult to do that. Because the dollar is so pervasive Europe, has talked about creating they're calling special purpose vehicle to do these transactions with Iran is sort of a separate payment system in it's usually as you say involving oil, but they haven't figured out to do it, and it just hasn't hasn't got off the ground. You know, companies don't wanna appear to be working around the White House and risk getting a cut out of the US financial systems. There's other ways, there's trading and bartering with Iran for goods. But it's cumbersome. And again it runs. Risk of crossing the US, NPR's international affairs. Correspondent Jackie north. Jackie thanks so much. Thank you. This is NPR.

US Iran Jackie north treasury department president NPR Europe Tara Julie congress Gulf French Bank PNB Arrhenius Amazon White House Trump USA.
"french bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:10 min | 3 years ago

"french bank" Discussed on Bloomberg Radio New York

"App. Good morning everyone. Happy friday. It's jobs in the US. We also have a little bit of movement when it comes to the markets really can't treasuries yesterday. We had the Ohio. So there's a lot going on. You're listening to daybreak Europe live on London db digital radio. Now, the news, of course, coming in thick and FOSS. We had a lot of earnings today also on the banks, and then we had we're just getting some breaking into cutting. It's like for like net rental income forecast to minus four to minus six they're actually giving us a range. This we need to look into a little bit more of an idea of what exactly this means. But they're saying they're Seagate twenty nineteen challenge due to higher-than-expected CVA's. They're also noting of slowdown in U letting so this is into properties we'll have of course, a very close eye on into it's a UK shopping center owner, and we did see a couple of news yesterday ahead. Head of first-quarter trading update today, which was much worse than expected. And it's almost it feels like a profit warning. So we'll have plenty more, of course on into these. In the meantime, what your markets are doing looking at futures are countries sideways. A lot of the focus will be on trade. A lot of the focus will be on again trying to digest some of these earnings that we had a lot of focus, of course, will be on jobs. So stocks a little bit mix. Investors now, turning their focus to earnings and the upcoming US jobs. Eight are treasuries futures. I'm actually looking at what they're doing right now pretty much steady after yields climbing overnight and the dollar edging higher. There are still concerns about this US China trade deal remaining elusive keep an eye on that. So let's get straight to our top stories, and let's kick it off with the banks and John Flint looks to be making headway bring costs under control. That's as HSBC. First quarter profit beats estimate revenue gains outpaced costs increase in the first three months of the year. And here's a chief find. Officer. Stevenson, target certainly has fallen until throughout the year. As I said, if you if you strip out the one offs in the revenue the court underlying growth with broadly in line with cost growth, we do think we're going to be able to achieve coming quotas. Continuing Paul Jewell was for the remainder of the will your speakers lender has faced questions over its strategy since it failed to deliver on that metric lost year onto another Bank. And this is the French Bank has reported net. Income of one billion years in the first quarter of nineteen and improved peuvent of capital levels with the ratio of eleven point seven percent. Will that said fixed income revenues were down? Fifteen point nine percent equities revenues down five point three percent on the quarter. While the deputies the bank's deputy chief executive officer savant Coban spoke with Bloomberg's Cowan could not in Paris. The situation in voted to t- remains very low which is positive titties. But clue. Nobody speaking we are really live whereas markets in this business. The big thing for me is equity business is as a times on the average..

French Bank US Ohio Europe HSBC Paul Jewell Bloomberg Cowan Officer UK savant Coban deputy chief Stevenson John Flint Paris Seagate China executive officer one billion years
"french bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:43 min | 3 years ago

"french bank" Discussed on Bloomberg Radio New York

"Eighteen ninety nine Paul Donovan, always holistic, always brilliant from UBS, John just gonna bring you the numbers. First quarter EPS fifty five cents the estimates seventy-two cents big miss production missing estimates as well. And just to bring you the pre market price action for Exxon ex m look at the market the stock is lower by about two percents. I'm looking at upstream liquids production. That's the actual development of the product of by five percent driven by the Permian everything. John right now Permian per VM. He used to be romantic stuff battle. Now, it's it all looks pretty boring from the surface level now lead with Permian comments on this statement, as well exa let's bring him on a shower UBS global wealth management chief economist as we count down to the pay report in the United States twenty eight minutes away and morning, Chipotle. What are you looking for devoting? Well, I think it's going to be a reasonable number. It'll probably be above trend growth. Let's say the world economy is operating at trend growth in the first call US is doing better than other parts of the world. So you probably get a number around about two and a call to give or take something along those lines polo want to talk about inventories and do a little bit of GDP clinic care for the people that don't follow this closely as you might inventories. What me through what inventories are? And why the fluctuation industry in inventories as the year progresses is so important GDP figure? Also inventories is basically the stuff you've got in your warehouse, or it's the stuff you've tucked away in the Bank room of your salt itself in case people to buy it in the future. Now, the thing about inventories is that the ups and downs of how much inventory, you've got Kohl's recessions, but they make recessions worse. I'm typically since the war about seventy percent of the dropping GDP intercession is caused by inventory loss. And somebody present the recovery is caused by people filling their warehouses and filling their Bank rooms again now. Well, that means is that a lot of the volatility there traditionally has been called by imagery. Well, it's really interesting is in the last eight years, and it's just in the last eight years technology has taken a big leap forward. And we're all now a lot more. Efficient in how we manage inventory. Well, that means only think is the economic cycle is likely to be less volatile in the future interest voided. We. Politicians coming up with policies dumb question, by this brilliant discussion. How do you inventory services? Well, inventory of services comes in because this company's still hold starts. I mean, you know, however, brilliant and economist is they still need a computer, they still sometimes need a desk, or at least somewhere. So they're all physical things involved in the third sector industry about the retail side. Do you think about restaurants sector stuff with you? It can be so click. I don't want you to come in Deutsche Bank. That would be totally inappropriate. But what is the urgency to quote, unquote, clear the EU commercial banking system. Well, I think economists have said for long time, the problem one of the problems with the euro as monetary union is that we don't have a functioning banking union, and well that means is in in the United States. Now, you can transfer money very easily across the boundaries. You can write a check on a Bank branch in New York and expect to be able to pay it in San Francisco, for example. Well, you call them do that in Europe. If I check on mine French Bank. I can't go along to a German shopkeeper and say here you go. Please take this in exchange for good services. They wouldn't do it. So you don't have a proper banking union. I think the consolidation of the European banking system from lots and lots of small banks at a country level into one more integrated system is a big part of it the British that this in the eighteen twenties. The Americans did this in the nineteen twenties. It's down to Europe thought doing this in the twenty twenties. Great history as well pulled on look at central Bank action. I'm going to suggest John Farrell. Correct me if I'm wrong that at some point some fed officials gonna stand up, and it's going to be a single sensitive speech about moving away from stability, Paul Donovan are we awaiting jump condition when we get said single sentence spoken somewhere. Well, I think one of the interesting things. Sam with the fed recently when you you sit there and look in detail the fedspeak is coming. So she's always a really fun way of spending a weekend. What you find is that there's now a broad spectrum that I've seen for two three years or more that we've got the doll that we've always had people like cash Caray who whatever the question is the answer is covered. But we've also now started to see people say, well, maybe we should be raising rates this year, and if not this year, maybe next year, so you'll start and see this broadening the views coming from the fed potentially adds a little bit more volatility to market interpretations of the fed over time. And also, of course, we're struggling a little bit because the fed is not an economist. But a lawyer we don't necessarily have the same economic intellectual leadership from Powell that we did from Yellen banenky? And. Greenspan volker. I'm so perhaps there's a little bit more confusion about where you look to for the economic intellectual leadership at the fed. That was the most diplomatic put down of champion pound on the FOMC heard for quite a Donovan, do you think? Eight. Sandwich. Impound this done a good job. No, I wouldn't say that necessarily. And I thought I think Pennells about central banker. I mean, he's he's a regulator. I mean, that's that's more of his background. He isn't an economist. I think therefore the, you know, the fed is on a pretty reasonable job over all of. Continuing to tighten policy because of course, the quantitative policy side is still type thing at the moment and will continue to for the foreseeable future and moving monetary policy in an appropriate way. I mean, look here we are in a relatively long economic expansion trend growth, the best labor market in years. You've go to give the fed credit for that. And I think the the FOMC as a collective entity on the championship of Powell has done a good job. All I'm saying is if I'm looking for guidance on where the economy is going chairman, Hal, perhaps wouldn't be my first port of call in the way that Yellen wall turbine pulled on finish. CBS global wealth management. Chief economist interesting discussion on inventories as wild salmon. And about twenty minutes time, we'll be interested to see how great contribution from inventories is to better cheapie number was expected several months ago out that the next fed meeting in all this news flowing next week may one next way I caught up with this special program from you next week. I believe so I really it's been so crazy around here. I haven't talked to scarlet food. But I assume we're news conference every meeting that we do. Wonder if champion Patrick wrecks having a news druggy? Does it effortlessly why can't any other central banker? He struggles because he's got big my Applebaum there. Michael Mckee there Craig Torres. Sank that the press corps, and Franklin honest good, no thing. Selected people ask really really really squirmy questions including the Bloomberg reporters in Frankfurt. I think are very Franky tough on dragging as well. I look forward to Michael Mckee in may one. And the news for New York City Hase Manco,.

fed Paul Donovan United States John Farrell chief economist Europe UBS FOMC New York Exxon Michael Mckee Powell Deutsche Bank French Bank Bloomberg EU Kohl Frankfurt
"french bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:33 min | 3 years ago

"french bank" Discussed on Bloomberg Radio New York

"To Bloomberg daybreak Europe. We're live from London. We're live from define the rest of the world. We've got a market situation here that is evolving cautiously, then trading mixed Tuesday for the stocks bit equity session after the threat of new tariffs on European goods from President Donald Trump Dan pit risk appetite. A little bit. Let me run through some of the highlights. Here gotta make up about a fifth of one percent. Stocks have been fluctuating China, we're currently flat on the CSI three hundred it terms of European and US equity futures currently called clearly lower for both. We are currently on the five hundred mini about a tenth of one percent, lower similar kinds of signs coming out of the European equity picture bear in mind that we're looking out for socio Generale after that big announcement on the job cuts. It terms of the FX space. We have a Bloomberg dollar index. That is steadying just a little bit here. You currently looking at a flat index perfectly flat flat as a pancake. Some of the other key pairs your one twelve sixty four largely unchanged. Dollar-yen bit of movement. There about a tenth of one percent lower one in eleven thirty five and cable out of the blocks at one thirty Seventy-three commodities. We've got Brent crude scaling back some of the gains from overnight session. But then about a tenth of one percent. Just around the seventy one dollar a barrel handle for Brent. Crude gold is under a little bit of pressure. US tenure yields are steadying swell. We couldn't two point five two for that particular tenure. Let's get into some of the top stories. We're watching for you in a bit more detail starting off with the United States. They are proposing tariffs on a host of European goods. In response to harm. The White House says is being caused by legal subsidies on Airbus fifteen years after the US I complained about unfair competition for Boeing it says it plans to target European products, including helicopters, seafood, cheese, and wine. The threat comes to says e you members are in the final stages of agreeing terms to begin trade talks with the Trump administration. Theresa May heads Berlin. And Paris today as part of an effort to win a short Brexit delay. The European Union's preference is for a longer delayed in the prime minister wants meanwhile, you've got cross body talks aimed at security consensus on Brexit. They are also continuing Jeremy Corbyn accused threesome may of failing to compromise that we prepared to Tolkien put forward views talks have two main. They move on. And so far there's been no change in those red lines. Jeremy corbyn. The government has announced UK's is preparing for the European elections in may this ask provoked outrage for some Tories, and let's talk about demand for Saudi Aramco's first international bond that offering skyrocketed world's largest oil company was see seventy five billion dollars in orders. Neal's may fall below Saudi Arabia sovereign debt. That's rare situation for state owned oil company to be in all of this marks turnaround from last year, you recall, Wall Street briefly shunned Saudi Arabia following the murder of journalists America Sochi. And briefly much earlier in the market. Check. Just add a few more details on these job cuts that are on the way at socio. The French Bank is cutting sixteen hundred jobs globally, mostly at its investment Bank training revenue slump pushed sock Jen to testify efforts to improve the unit's performance. The reductions will focus mostly on fixed income trading. All right. Let's get you the latest in.

US Jeremy Corbyn Bloomberg President Donald Trump socio Generale Saudi Arabia European Union Brent Europe Saudi Aramco London Theresa May China Airbus French Bank Boeing prime minister government
"french bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:48 min | 3 years ago

"french bank" Discussed on Bloomberg Radio New York

"Good morning to you. The stock. Six hundred dead down by run about four tenths of one percent. Necessitating lows Seth t minutes into the European trading day, basic resources as the main lagging sector, followed by toes in basic resources. We're seeing Rio Tinto says down by seven point four percent or thereabouts. After a downgrade to sell by gen the French Bank. Also, downgraded HP Billiton to hold. And that stock is also leasing steam this morning by run about two point nine percent losses in Europe. Extend the red ink that we've already seen in the United States last night as well as in Asia overnight, the Asia Pacific index just to bring you up to date with the hand-over down by almost six tenths of one percent. We saw Japanese stocks in particular hard hit during the session. China shares have also gone lower with the CSI three. Eight hundred off by about a percentage point. We are looking at a ten year. Treasury yield at two point six eight four percent this morning that is down by almost a basis points. So extending the declines that we saw yesterday the ten year boon jailed. Meanwhile, little change this morning at just over twelve basis points in FX, the Bloomberg dollar spot index strengthening marginally this morning so higher for a seventh consecutive session. But the gains fairly limited today with the euro, even gaining a couple of marginally. Yeah. Should say one spot thirteen twelve hours. We're looking at to the meets it. Yeah. I was gonna say gaining. No, it is flat. And we know we've talked a lot about that year volatility being on Sunday. Yeah. Now onto some of today's top stories the European Central Bank releases its latest policy decision today as Marcus was saying Bloomberg's Skolimowski has the preview from Frankfurt European central. Bank officials are poised to cut their economic forecasts on Thursday by enough to justify another round of longer term loans for banks. Do your area growth has suffered from rising. Protectionism and the on Wednesday urged the to signal a delay to interest rate increases president Mario Draghi will be quizzed about the features of the new Bank funding, but the details may not be unveiled until April. In Frankfurt gets cutting Maske, Bloomberg daybreak Europe. Now to Bank has reportedly made deep cuts to twenty eighteen bonuses Bloomberg understands that some Bank is maybe getting nothing while the overall pool has been cut to less than two billion euros. The Bank is making more selective payouts. In an attempt to keep top earners Deutsche will discuss. Close the final size of bonuses when it publishes. Its annual report later this month qual- is hitting back at Washington's claims that it helps China's spy the telecom equipment maker is suing the US government for blocking its equipment from certain networks. Quality suit is aimed at a US law that prevents government agencies from using a quick moment. Franck hallway and its rivals E, no response yet from US officials and European officials are reportedly pessimistic about the chances of a breakthrough in Brexit talks this week Bloomberg understands that they're increasingly concerned that whatever they offer won't be enough to get the deal through parliament, the EU is reluctant to shift its position without more certainty that it would actually help get the agreement over the line sticking with Brexit. I'll colleague Eric Schadt sky is at the BlackRock well symposium in Zurich. He spoke exclusively to Rachel Lord. Head of a Mia full BlackRock and began by asking what's the plan for the world's largest asset manager, if Brexit does not happen. I will be absolutely delighted. I don't care. It's an insurance policy. Everything we've done is is to prepare for it to happen for the worst. Stop. But I'd be very happy. If all of that was completely unnecessary is that the likely outcome. Given what's been going on in parliament that the UK doesn't after all ended up leaving the U? I if I put my personal feelings aside, Eric I think I would love to that to be. Yes. But I don't think it is. I actually think we. We are heading for some kind of deal. I think the UK government obviously has managed to get any movement on the backstop, which is the real issue. But I think we have we will inevitably have a delay and fresh out of jail. I don't think that any of the parties were where he put their weight behind a second referendum, which is the only way we actually don't leave. Let's say hypothetically speaking that. That is what happens that there is a second referendum in the UK doesn't end up leaving EU. How long do you think it would take for the British economy and financial markets to recover from the process? Well, that's a very good question. So if you think about what's the price is done. Well, it slowed down everything that's happening in Britain that isn't today with Brexit. So very few decisions on jobs. It's the Japanese pulling out and so on and so on so there's a lot of things that have happened. I do think it would take a couple of years at least. And the question will be ready will people trust us again as a country speaking as a British Purcell. So we'll Japanese still use Brooklyn conduit to Europe will the Chinese coming into your use birth contract. Or will they actually finally move into mainland Europe, and your gut feeling on that would be they'll still use Britain. They'll come back, though, come back all they weren't leaving the way that they were currently planning to leave. Because of course, the UK called me the tax systems very favorable the laws of favorable. And of course, the English language makes it easier. Now, all this has been going on financial markets in Europe have undergone what was supposed to be the biggest transformation in perhaps a generation, right? The implementation amid the two were now almost fifteen months into the new regime. How would you evaluate the impact? So far. So a lot of the scrutiny at the beginning was around. What does this do to trading? What does this do to sort of market structure the scrutiny today is actually around? What does this do to cost transparency? And how the part of it that deals with what distributors tell Darren clients they're paying for their money to be managed. And now we haven't seen yet because the statements that will hit investors doormat saw their Email boxes that tell them actually what it costs to invest in all different kinds of products that they have already been released yet. So we don't know how that part of it is going to hit the part around research and trading actually has been relatively benign that was Rachel BlackRock. Head of speaking exclusively to Bloomberg's Erik shots in a wide ranging interview. Really interesting conversation there that we just heard let's get some more headlines from around the world. Here is leeann.

Bloomberg Europe United States Bank UK China Eric Schadt French Bank Brexit European Central Bank Rio Tinto Asia Britain HP Billiton BlackRock Rachel BlackRock Seth t
"french bank" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

04:27 min | 3 years ago

"french bank" Discussed on WNYC 93.9 FM

"Us. The territory has all the resources the natural resources southern come rooms Ross a wealthy country. The historian professor Verka Jake Afonso was then a student in British southern Cameroons. Also, the forests wrestler hunting those along the coast on the major revise Rodrigue fishing with the mind of the people were peasant farmers. In nineteen sixty both Nigeria and French Cameroon goes independence. So in nineteen sixty one the British Cameroons caught between these two largest states. We given every friend of a plebiscite decide their fate. But the bogus economic report was made about southern Cameroons that it would be economically or Neville mentality itself. Love it would become independent in its own right? I'm this was taken up at the United Nations that only two questions would future in the planet to vote to gain independence by joining the Federal Republic of an Ajaria gained independence by joining the Republic of Cameroon, the southern Cameroons will lead by their premier John. And he had done a deal with the French Bank leader of Cameroon Amadou a heat Joe that if United the two countries would be a federation preserving the autonomy of the British territory. I'm Jay campaign that unification would be of two equal states in that federation nothing would change very much in southern Cameroons. We will still be running our affairs. I'm so many people believe that voting for unification was almost gaining that independence for joining the Cameroon Republic had its risks to. For start the country was in the midst of civil war nationalist militants who had fought against French colonial rule continued to fight the government of the newly independent state government, which after road had maintained very close ties to FRANZ. Oh, this was used by the pro Nigeria campaign is a reason to vote for them. And that campaign was led by the main opposition leader, Email Enderle was out with the slogan that go into French maroon was suicide out that people were going to lose everything the whole contra will eventually become fridge. One traditional leader. The fun of Byford didn't think much of either option the fun of bath foot said gray internet. Julia was you're going to drown. I'm coming to finish Cameroon was to be roasted in fire source. Southern Cameroons would not be better either way the time Becker Chica fan so was a student as a teacher train. Inning college and they still a teenager and technically underage. He was deemed educated enough to get a vote in the referendum initially. I was for the independence of the territory. But since that that option was denied, I was feeling that would be better off in Nigeria and definitely the majority of people would have voted to go to Nigeria where they have similarities in everything the colonial culture education, the political system the democratic nature of the country at the time. But there was one factor which deterred people from voting to go to Nigeria. It was what we call the Inca factor in Nigeria egos were the third largest ethnic group in Nigeria and dominated the politics in the east of the country and over the years, many egos it settled just over the border in southern British Cameroons in the fear of Ebo domination became a prominent feature of the campaign, the Ebou community income maroon was a very dynamic group. They were in every aspect of the economic life. They were occupying territory here and their farms and farming. They were in the markets controlling stalls. My Jody of people said if they went to Nigeria the now will have every right and that territory. It would be suicidal. So that's just what's kept people from voting to remain in Nigeria in February nineteen sixty one voters went to the polls, no pictures show, huge queues at polling.

Nigeria Cameroons French Cameroon Republic of Cameroon Cameroon Republic Cameroon Cameroon Amadou professor Verka Jake Afonso Rodrigue Ross Federal Republic Byford French Bank United Nations Enderle Jay Becker Chica Julia Joe
"french bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:53 min | 3 years ago

"french bank" Discussed on Bloomberg Radio New York

"Street. Good morning. I'm John Tucker. And I'm Karen Moskow. We are just about three hours away from the opening of US trading. Let's get you up to date on the news. You need to know at this hour, US futures. And stocks in Europe are falling. Signs emerged at the global equity rally is stalling. We have a regional Bank deal this morning Beebe and tee at SunTrust are combining it at all stock deal. It's valued at sixty six billion dollars led a share shares of SunTrust up more than five percents in the pre market. While b and t shares are little changed dollar is stronger for a sixty day after Federal Reserve chairman Jerome Powell gave a brief but positive assessment of the economy. The EU is cutting its twenty one thousand nine euro area. Growth forecast of one point three percent that's down from one point nine percent. The Bank of England makes a policy decision in thirty minutes. Officials are likely to vote unanimously to keep interest rates unchanged at British Prime Minister, Theresa may goes to Brussels today hoping to change the Brexit deal. She reached with the e u last year, we get more from Bloomberg's Christy Burke, sources have told Bloomberg that Theresa May does not expect to make enough progress with Brussels to actually bring a deal back to parliament next week as she promised the telegraph. Is actually reporting that the prime minister plans to delay that parlimentary vote now into the last week of February. Learn allergists fifty days until the UK is due to leave the EU turning to earnings now shares of Publicis are tumbling after the advertising company suffered a surprise drop in fourth-quarter sales. Bloomberg Sam unsteady has more on the shortfall the organic revenue declined seems to be coming mostly from big consumer goods companies cutting the advertising cuss pushing tools these media buyers. That was a huge surprise that not back US advertising Stokes yesterday. Shares Publicis or down more than ten percent. So Saudi general shares swinging between gains and losses. The French Bank reported a twenty nine percent decline in fourth quarter revenue at announced new cost cutting measures. Here's of unique credit or more than four percent fourth-quarter income at the Italian Bank topped estimates. And here in the US Twitter leads more than thirty companies reporting earnings, let's get more from Bloomberg's Jeff Bellinger. Within half the analyst covering the short messaging service have hold ratings in effect. Bloomberg intelligence says momentum from Twitter's third quarter should have carried over to the fourth. Now, that advertisers are spending more money on the platform. The main concern for investors is user growth. Jeff Bellinger, Bloomberg daybreak. Jeff, thank you s and p futures are down sixteen points. Dow futures down one hundred forty four NASDAQ futures down forty five the ten year treasury up seven thirty seconds yield two point six six percent. And the yield on the two year two point five zero per set. Straight ahead the latest world and national news. And this is Bloomberg. Thanks, Karen, 6:33, Wall Street. Let's get news.

Bloomberg US Bloomberg Sam unsteady Jeff Bellinger SunTrust Karen Moskow Theresa May Prime Minister Brussels EU Publicis Bank of England Twitter Christy Burke John Tucker Europe Federal Reserve French Bank Italian Bank Beebe
"french bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:00 min | 3 years ago

"french bank" Discussed on Bloomberg Radio New York

"The euro dollar thirteen thirty four and the yen went oh nine point eight seven John barren. Karen, let's begin Europe. This is where the EU is slashing its forecast for growth blue. Burg's you in pots joins us live from London with the latest morning you good morning. John. Karen? The European Commission is cutting its growth forecast for all the regions major economies a warning the Brexit's and the slowdown in China threatens the outlook even worse it. Now sees your growth of just one point three percent for the year that's down from a previous forecast of one point nine percents. When it comes to Italy. The forecast is being cut by a full percentage point with the Italian economy set to grow just two tenths of one percent for the year. Germany's GDP also getting a significant downgrade with costs now calling for growth of one point one percent. The revision follows a to that Saint disappointing economic data across the entire euro area. Live from London anew imports. Bloomberg daybreak you. Thank you earnings out of Europe. Also in focus Societa Generale reports trading revenue plummeted in the fourth quarter. And that has the French Bank cutting costs by five hundred seventy million dollars CEO, Frederick odiaun spoke. Bloomberg following the results to see the area where we have boosted more disappointing results is the capital markets. And what we are doing is not just reacting to a difficult fourth quarter. Well, taking into account the environment. We are expecting in the coming years so Siete Generali's slashing forecasts after a grim quarter for European investment. Banks results follow up profit warning from the French Bank. That had already priced in some of this news shares of stock. Jan have been swinging between gains and losses. This morning right now they're down about two percent and shares of unit credit are surging after fourth quarter income top two estimates. The Italian Bank also completed cost cutting plans ahead of schedule Bloomberg Sam instead reports I think what you're seeing is being rewarded for taking action to try and reshape things say genre. Shrinking their trading unit UniCredit is well that cutting costs and they clean up the business. And I think both by the looks being rewarded for taking those proactive steps. Lower expenses. Ricky driver prophet at UniCredit right now. Shares are up three percent in Milan. Total as the latest big oil company. Reporting a big increase in profit saying pump to record oil and gas last year. Bloomberg's well Kennedy has more you'll getting a media really sharp increase in production over two years. You're looking at twenty percent, which is quite remarkable for one of the world's largest oil companies video shows that total is firing on all cylinders net. Income Fourtou tall was up. Ten percent. From last year. Investors may have been looking for more though, shares are down. One percent shares Publicis are down more than ten percent. The company suffered a surprise drop in fourth-quarter sales. Thanks to cuts an ad spending. By consumer brands in the US, then has other advertising stacks, pulling with WPP on the Khan and enter public all losing ground on the Brexit. Frontier. Isa may heads to Brussels today seeking changes to her deal with the EU Bloomberg's Alex Morales report. The UK prime minister will meet with e you president Donald tusk. And European Commission. Chief shown could Janka objective is to secure guarantee that Britain can't be trapped in the Irish border backstop. But there are a few signs of compromise. From the EU whose leaders have been unanimous in their reluctance to reopen talks withdrew will agreement tensions. Haven't been helped by remarks and Wednesday that there's a special place in hell for British politicians who campaign for Brexit without a clear plan of how to implement it in London. Alex Morales Bloomberg daybreak. All right. Thanks, Alex, added seventy and Wall Street time the Bank of England announces its latest policy decision officials are likely to keep interest rates on change leaving much of the focus on their poor cast and annual review of the UK economy, Juan Perez, a senior strategist at tempests forecasting. What's going to happen today is a little bit more difficult than usual Vancouver England. Governor Mark Carney could go two ways. Either. They can really focus on the fact that seems Brexit now is once again, very very uncertain. I know deal scenario will be. Straw going that route is very dovish sacred. Also, just say, hey, look, fundamental. So the economy there on the up and up and not everything is doom and gloom Bank of England. Governor Mark Carney holds a press conference at seven thirty Wall Street time, which will bring you live right here on Bloomberg radio. Regulators in Germany are opening up probe on Facebook. Germany's Federal Cartel Office is giving the social media company, twelve months to change its user, data policy, and the way it combines user data. Bloomberg's Tony errands has details they're saying that Facebook is so dominant in social media that they have to have certain protections for their users to avoid treating the badly. And they said they can't mix data from multiple sources. Did they can't monitor web surfing by Facebook customers, and then incorporate that into their models, and whatever other models they used to sell data on Germany has banning Facebook from combining data from various sources, the company will appeal the order saying it's been targeted unfairly shares of Facebook down one percent in early trading. And we have a regional Bank deal to tell you about this morning be the SunTrust or combining in an all stock deal. Valued at sixty six billion dollars that has shares of SunTrust up about five percent at the pre market. This is Bloomberg. Now, six oh, seven on Wall Street. Let's get news from around the world this morning. Good morning to Bloomberg's Michael Barr. Thank you, John. The house intelligence committee voted to send dozens of unredacted transcripts from its Russia investigation interviews to special counsel. Robert Muller chairman, Adam Schiff wants mullet review the transcripts to see whether any other witnesses who appeared before the panel committed perjury Schiff also says they will probe whether foreign governments or individuals had improper leverage over the president or his business interests hard.

Bloomberg EU Facebook London Germany Governor Mark Carney Alex Morales UniCredit Europe Bank of England European Commission John SunTrust Brexit Karen John barren UK president French Bank
"french bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:35 min | 3 years ago

"french bank" Discussed on Bloomberg Radio New York

"The euro dollar thirteen forty three and the yen one ten John. And Karen, let's begin with the breaking news out of Europe. This is where the EU is slashing. Its forecast for growth. Bloomberg's pots joins us live from London with the latest. Good morning. Good morning, John. And Karen, the EU is cutting its twenty nine hundred forecast for the area to one point three percents. That's down from one point nine percent previously. When it comes to Italy, the focus is being by a full percentage point the commission. Now seeing they tell you to call me growing by just two tenths of one percent for the year. Germany's GDP also getting significant cuts with forecast. Now calling for growth of one point one percents thus down from a previous estimates of one point eight percents. The commission also cutting its forecast for inflation from one point eight percent down to one point four percents. And it says it sees quote, large uncertainty surrounding Brexit's live in London immune pots, Bloomberg daybreak. All right. Thank you. You and earnings that of Europe also in focus socio patient Arale reports trading revenue plummeted in the fourth quarter. And that has the French Bank cutting costs by five hundred seventy million dollars. CEO of Frederick. Uh-huh. Diaz spoke to Bloomberg following results to see the area where we have boosted more. Disappointing results is the capital markets. And what we are doing is not just reacting to a difficult fourth quarter. Well, taking into account the environment. We are expecting in the coming years. Sanitation is slashing forecasts after grim quarter for European investment. Banks that results follow a profit warning from the French Bank that it already priced in some of this news series of sock in have been swinging between gains and losses this morning right now, they're up a third of a percent and shares of UniCredit surging after fourth quarter income topped estimates. The Italian Bank also completed cost cutting plans ahead of schedule at Bloomberg. Sam unsteady has details. I think what you're seeing is thanks being rewarded for taking action to try and reshape things say Societe Generale shrinking their trading unit. Unicredit is well that cutting costs and they clean up the business. I think both by the looks of being rewarded for taking those proactive steps. Lower expenses were a key driver prophet at UniCredit right now. Shares are up five percent in Milan. Total as the latest big oil company. Reporting a big increase in profits. Saying it pumped a record oil and gas last year. Bloomberg's well Kennedy has more you'll getting really sharp increase in production over two years. You're looking at twenty percent, which is quite remarkable for one of the world's largest oil companies really shows that title is funding on all cylinders net. Income Fourtou tall was up. Ten percent. From last year. Investors may have been looking for more though, shares are down half percent and shears Publicis are down boards and ten percent. The Catholics suffered a surprise drop in fourth-quarter sales. Thanks to constant ads spending by consumer brands in the US that has other advertising. Stocks falling with WPP on the common and the Republic all losing ground on the Brexit frant-. Theresa May has to Brussels today seeking changes to her deal. The e u Bloomberg's Alex Morales reports the UK prime minister will meet with e you president Donald tusk and European Commission. Chief shown could Janka objective is to secure guarantee that Britain can't be trapped in the Irish border backstop. But there are few signs of compromise. From the EU whose leaders have been unanimous in their reluctance to reopen talks withdrew will agreement tensions. Haven't been helped by six remarks and Wednesday that there's a special place in hell for British politicians who campaign for Brexit without a clear plan of how to implement it inland and Alex Morales Bloomberg daybreak. Thanks, alex. And at seventy Wall Street time, the Bank of England announces its latest policy decision officials are likely to keep interest rates unchanged. Leaving much of the focus on their forecast. An annual review of the UK economy on Peres is senior epic strategist at tempests forecasting. What's going to happen today is a little bit more difficult than usual. The Bank of England. Governor Mark Carney could go two ways. Either. They can really focus on the fact that seems. Brexit now is once again, very very uncertain and no deal scenario will be catastrophic going that route is very dovish Baker. Also, just say, hey, look, their fundamentals of economy there on the up and up and not everything is doom and gloom of Bank of England. Governor Mark Carney holds a press conference at seven thirty. Am Wall Street time, which will bring you live right here on Bloomberg radio regulators in Germany are opening up probe on Facebook had Germany's Federal Cartel Office is giving the social media company, twelve months to change its user, data policy, and the way it combines user data. Bloomberg's Tony errands has details saying that Facebook is so dominant in social media that they have to have certain protections for their users to avoid treating them badly. And they said they can't mix data from multiple sources. Did they can't monitor web surfing by Facebook customers, and then incorporate that into their ad models and whatever other models used to sell data on? Germany is banning Facebook from combining user data from various sources, the company will appeal the order saying it's been targeted unfairly shares a Facebook or down about one percent in early trading. And straight ahead. We have the latest world and national news. This is Bloomberg. Thanks, Karen, 507, Wall Street. Let's get news from around the world this morning. We say good morning to Bloomberg's Michael Barr. Thank you, John..

Bloomberg EU Bank of England Karen UniCredit Brexit Facebook Governor Mark Carney Germany Europe John French Bank Alex Morales London UK Societe Generale Italian Bank Milan Publicis WPP
"french bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:40 min | 3 years ago

"french bank" Discussed on Bloomberg Radio New York

"We get a preview from Bloomberg's Jeff Bellinger. Bloomberg intelligence says the banks full year result should meet its pre-tax margin goal and fourth quarter results should show trading outperforming with a business more skewed toward equities than most of its global peers UBS being a notable exception. Forecasts are for Morgan Stanley to post an adjusted profit of eighty nine cents a share on revenue of more than nine point three billion dollars. Jeff Bellinger, Bloomberg daybreak. Thanks, Jeff and after the closing bell. We get earnings from American Express and net flicks. And you're f- shares of Societa Generale down. Three percent Francis. Third largest banks that earnings will be hurt by the quote, challenging environment and global capital markets. British Prime Minister Theresa may has survived a no confidence vote. Now, she has to search for a compromise with parliament to deliver a Brexit deal. The vote on her plan B is set for January twenty ninth shares of apple down. Nearly one percent. Bloomberg news has learned the company. Will cut back on hiring after selling fewer iphones unexpected and missing its revenue forecast for the holiday quarter. Now, let's get you have to date and how stocks are faring. We check the markets every fifteen minutes throughout the trading day on Bloomberg s&p futures down seven points. Dow futures down fifty three NASDAQ futures down twenty-five the Dax in Germany is down three tenths of a percent. Ten year treasury up one thirty-second yield two point seven one percent. And the yield on the two year two point five three per cent. And straight ahead. We have the latest world and national news. And this is Bloomberg. Thank you. Karen? It is six thirty three on Wall Street. Let's get the latest row. The national news now from Bloomberg's Michael Barr. Thank you very much. Nathan.

Bloomberg Jeff Bellinger Morgan Stanley Societa Generale Theresa Prime Minister apple American Express Michael Barr Francis Nathan Germany Brexit Karen three billion dollars one thirty-second seven one percent
"french bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:15 min | 3 years ago

"french bank" Discussed on Bloomberg Radio New York

"Presented a new bid for Sears today that included some concessions as talks to save the bankrupt retailer from liquidation continue. Sources also tell Bloomberg BNP Potter, Bob. The biggest French Bank lost eighty million dollars in derivatives trades linked to the US stock benchmark late last year. Stocks higher SNP up twenty seven up one point one percent. Dow Industrial's up a hundred and fifty five up seven tenths of one percent. Nasdaq up one hundred seventeen up one point seven percents. I'm Charlie Pellett. That's a Bloomberg business flash. Bloomberg best with June Grasso. And at Baxter continues. From the Bloomberg interactive brokers studio, this is Bloomberg best. Policymakers around the world, including fed chair. Jerome Powell are expressing caution over their monetary policies. Just last week Powell dialed back his message assuring markets. He'd be flexible inpatient. That's right. Ed and Bloomberg's vonnie Quinn and guy Johnson spoke with professor of economics at Stanford University. John Taylor to get his outlook for central banks. What the fed has done is talk. A lot about an adjustment to the Taylor role based on what they call this equilibrium real interest rate. So they've taken it down a little bit from where they were originally. But I think they're not trying to get back to that. That's what the blue dots are showing. So there's some adjustments. Of course, it makes sense. If in fact, this rate has come down as many people think it has where then is the equilibrium rate. The so-called are star. Professor right now. Yes. Well, they estimated the bet estimates that around three at this point. It's it's very hard to do. You can imagine. Lots of people waiting. I've waited I think it's a little higher, but people in Germany of weighed in a lot of people waiting. I think the main thing and and. Chairman Powell's emphasize, this is uncertainty. And so you won't really know. Exactly. That's why monetary policy is difficult. But but nonetheless, it's possible to be more rule like and talk about rules, and they're doing that much more in the last year or so you're and a half than they have in the past. I think that's very promising. If you were sitting on the FOMC right now, would you be voting for further.

Bloomberg Chairman Powell Bloomberg interactive brokers French Bank John Taylor Sears fed Bob Dow Industrial Charlie Pellett June Grasso professor of economics FOMC Baxter Professor Stanford University Germany guy Johnson
"french bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:05 min | 3 years ago

"french bank" Discussed on Bloomberg Radio New York

"Clayton Neville, the campaign raised twenty million dollars. I'm Christopher cruise. And I'm Susanna Palmer from Bloomberg world headquarters, the S and P five hundred index just posted a third consecutive week of gains. That's the longest streak since August and the best performance since early two thousand sixteen vaguely upbeat. Macro news and perceptions of adultish tilt by the fed are certainly a large part of that. Another reason has been the dramatic repricing of assets during the sell off which helped to lure investors back to securities the S and P five hundred rose two and a half percent this week. The Dow up two point four percent. The NASDAQ up three and a half percent for the week. A source tells Bloomberg J P Morgan Chase plans to increase annual bonuses at its corporate and investment Bank as a growing number of Wall Street firms. Share proceeds from a busy year more from Bloomberg's Charlie Pellett. The source says average percentage increases will be in the mid single digits with equities traders and investment bankers probably getting more than that compensation consultant Johnson. Associates had predicted in November. That Wall Street equities. Traders will reap the biggest bonus increases as their counterparts on fixed. Income desks, potentially get less. Charlie pellett. Bloomberg radio. Bloomberg has learned Elon Musk space exploration technologies. Spacex plans to cut about ten percent of its workforce. The company cited the need to be leaner to keep delivering for customers and develop spacecraft and space based internet, Bloomberg has learned to BNP parabas, the biggest French Bank is shutting its two point nine billion dollar proprietary trading arm. One of the sources said the opera trading capital division of the lender struggle to make a profit last year bien para based in Paris is said to have told employees and has begun informing prime brokers and counterparties about the plans to close opera. Global news twenty four hours a day on air and it ticked up on Twitter. Powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Susanna Palmer. This is Bloomberg..

Bloomberg Bloomberg world Bloomberg J P Morgan Chase Susanna Palmer Charlie Pellett Clayton Neville Christopher cruise fed Spacex Twitter Paris consultant French Bank Johnson twenty million dollars nine billion dollar
"french bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:04 min | 3 years ago

"french bank" Discussed on Bloomberg Radio New York

"Year. I'm Christopher cruise. And I'm Susanna Palmer from Bloomberg world headquarters. The S and P five hundred index just posted a third consecutive week of gains. That's the longest streak since August and the best performance since early two thousand sixteen vaguely upbeat. Macro news and perceptions of a devastate tilt by the fed are certainly a large part of that. Another reason has been the dramatic repricing of assets during the sell off which helped to lure investors back to securities the S and P five hundred rose two and a half percent this week. The Dow up two point four percent. The NASDAQ up three and a half percent for the week. A source tells Bloomberg J P Morgan Chase plans to increase annual bonuses at its corporate and investment Bank as a growing number of Wall Street firms. Share proceeds from a busy year more from Bloomberg's Charlie Pellett. The source says average percentage increases will be in the mid single digits with equities traders and investment bankers probably getting more than that compensation consultant Johnson associates had predicted in November that Wall Street equities traders will reap the biggest bonus. Increases as their counterparts on fixed. Income desks, potentially get less. Charlie pellett. Bloomberg radio. Bloomberg has learned Elon Musk space exploration technologies. Spacex plans to cut about ten percent of its workforce. The company cited the need to be leaner to keep delivering for customers and develop spacecraft and space based internet, Bloomberg has learned to be N P era. The biggest French Bank is shutting its two point nine billion dollar proprietary trading arm. One of the sources said the opera trading capital division of the lender struggle to make a profit last year bien para based in Paris is said to have told employees and has begun informing prime brokers and counterparties about the plans to close opera. Global news twenty four hours a day on air and it ticked up on Twitter. Powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Susanna Palmer. This is Bloomberg..

Bloomberg Bloomberg world Bloomberg J P Morgan Chase Susanna Palmer Charlie Pellett Christopher cruise fed Spacex Twitter French Bank consultant Paris Johnson associates nine billion dollar twenty four hours four percent
Jeff Bellinger Bloomberg, Bloomberg and CBS discussed on Bloomberg Daybreak

Bloomberg Daybreak

03:02 min | 4 years ago

Jeff Bellinger Bloomberg, Bloomberg and CBS discussed on Bloomberg Daybreak

"Nineteen and around the globe Bloomberg business app and bloombergradio dot com this, is Bloomberg daybreak morning at six thirty, on Wall Street I'm Nathan Hager and I'm, Karen Moskow we are just, about three hours away from the opening of. US trading let's get you, up to date. On the news you need to know at this hour fresh round of trade war. Fears has sending stock markets lower across the world the hardest hit Asia stocks in China and Hong Kong, fell more than two percent Turkey's lira tumbled past five per dollar to a, record low government, bonds and stocks also slumped after the US imposed unprecedented sanctions on Turkey, it's the Bank of England, stern following the fence, decision to stand Pat but unlike the central Bank economists are forecasting. The b. o.. EA, will raise As rates a, quarter of a point on the earnings front. Dow DuPont. Cigna, Aetna and. CBS. Lead four dozen companies in the. S. and, p. five hundred reporting results today. We get a CBS preview from Bloomberg's Jeff, Bellinger CBS started the year on a strong footing and Bloomberg intelligence says. The network likely build on that momentum in the second quarter. The networks earnings call could be especially. Newsworthy Fox News has reported that embattled CEO les Moonves plans to speak. On the call the CBS board this week decided. An outside council should look into charges, of sexual misconduct by moon Bess Jeff Bellinger Bloomberg daybreak Jeff thank you tesla. Shares are up more than eight and a half percent in early trading the electric car maker burning through less cash than analysts expected last, quarter in Europe BMW is down more, than two percent Chinese consumers held back buying, cars in the second quarter, is the German automaker finds itself in the. Crosshairs of a u. s., China trade spat. Shares in Barclays were initially high higher after reporting earnings should there now down one percent the bank beat on most key metrics including trading revenue french banks societa generale also beat earnings estimates but the stock is down two percent after posting a four percent decline in revenue from stock trading and prime services six thirty two on wall street time for the volatility index report the vix rose yesterday to close at thirteen fifteen separately in today's extended morning trading the vix is currently at fourteen thirty eight and that is this morning's volatility report and we are hearing from aetna this morning it reported a second quarter operating profit that beat analysts estimates revenue operating revenue looks like it just missed futures this morning are moving lower s and p futures are down eighteen points dow futures down one hundred seventy five nasdaq futures down at fifty five the dax in germany is down one point seven percent ten year treasury up seven thirty seconds yield two point nine eight percent yield on the two year two point six Six percent and nine x crude oil is down nine. Tenths percent or fifty nine cents. To sixty, seven seven a barrel the euro dollar sixteen fifteen straight ahead we. Have the latest world and national news and this is Bloomberg Darren.

Jeff Bellinger Bloomberg Bloomberg CBS United States Bloomberg Darren China Bellinger Cbs Turkey Dow Dupont Bank Of England Cigna Nathan Hager Karen Moskow EA Barclays Hong Kong Fox News Les Moonves
These 3 airlines to suffer most from growing trade dispute, analyst says

Bloomberg Markets

02:21 min | 4 years ago

These 3 airlines to suffer most from growing trade dispute, analyst says

"On bloomberg television now let's go to our ninety nine one newsroom in washington dc where nancy lyons has world and national headlines nancy ministration is planning to revoke obama era policies that encourage the use of race in college admissions to promote diversity on campuses this is according to multiple reports the decision follows an inquiry from attorney general jeff sessions who asked justice officials to reevaluate past policies that he believed pushed the department to act beyond what the law of the constitution and the supreme court had required an announcement on the policy changes expected later today president trump search for a supreme court nominee is expected to take up his time this week and red state democrats are watching very carefully red state democrats are in a tough spot republican strategist ryan williams says no matter what they do they could risk losing support the democratic base will be outraged any member of their party who votes for whoever the nominee is and if you vote against the nominee red state and all the trump voters are going to be upset with you that could be a problem williams says the dan's need to watch how the confirmation hearings go and who the nominee is he says there's always the chance the nomination could blow up so they need to take a wait and see approach in washington i'm amy morris bloomberg radio tie navy seals say all thirteen people trapped in a flooded cavern in northern thailand are healthy and being looked after by medics they're still stuck in that cave while officials determined the best options for bringing them out before the rain returns in the cave floods again at the world cup today sweden defeated switzerland in the day's first match global news twenty four hours a day on air and ticked off on twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries thanks nancy now with our other top stories i'm uni han the us is big three carriers american airlines delta and united continental downgraded by deutsche bank the analysts cited heightened geopolitical risk and the lack of near term catalysts the report said the current trade dispute between us and others could hamper the airline industry's growth given its close correlation the imports and exports of goods and services one french bank expand in germany europe's largest economy bloomberg's ed corry has details so generalities acquiring commerzbank exchangetraded products and.

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The next Yao Ming? FIBA is betting big on Kai Sotto

Investing Sense

01:32 min | 4 years ago

The next Yao Ming? FIBA is betting big on Kai Sotto

"The conversation starting with the iran deal was going on around nuclear deal is united states has pulled out of it and we have a funny position in that treaty because most us sanctions on iran have continued sanctions that we held in abeyance by participating in this deal or not really on iran they were sanctions on europe sanctions on japan sanctions on china why would it be be sanctioning them because of iran well we passed this law in two thousand twelve saying iran is just so evil that if we detect a french bank is cashing checks for an oil company that's buying oil from iran we will put a sanction on that french bank do we have the power to pull them over like a cop and write them a ticket demand money no we tell that bank you have a choice you can either completely stopped doing business with iran or you can stop doing business with the united states your call well that's pretty easy so if you're just about any choice and so the reason why the rest of the world is so angry at us about this is they're saying well this is no sacrifice to you united states you're not buying rams oil you're not dependent on that you don't have all these contracts in place and all these cars to drive around the need to have some of the gas tank who are you to tell our banks that they can't buy the oil that we will refine the putting our gas tanks or you'll punish us well that's the thing so are we even able to enforce the sanctions assures we just have to be willing to like that demon dirty harry you.

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