Onjuly 19th, a bug infested update was sent to millions of computers running Microsoft Windows Around The World 7 crashing the systems of organisations from banking, to healthca re, and airlines. According to one estimate the Disaster Cost top us firms more than 5 Billion. Microsoft has announced changes to how it interacts with third Party Security firms. Our Technology Editor Zoe Kleinman looks at the effects of the outage. Thousands of flights grounded. Doctors appointments cancelled. Tv channels falling off air. The It Outage felt Around The World injuly has been described as the worst cyber event in history. Microsoft said around 8. 5 million computers Around The World were disabled after a cyber Security Company called crowdstrike sent out a corrupted Software Update to its nearly 2a,000 customers, many of them huge companies we rely on in our everyday lives. Look atjensen. Are we going to disney . Were going to disneyland right now. Jo and her children were among the thousands a
Never been in before to watch someone run for president , nonetheless a former president facing several indictments and several court dates during the process leading up to the election. Mike to that point, martha, you had the republican candidates on your program, his former Vice President mike pence on yesterday. What about the challenge for the other candidates to stay on message, get on message, whatever you want to call it, when the former president is constantly the story . Martha its rough, obviously. These campaigns all are raising money, they are, you know, putting ads out there, trying to make their mark, trying to break through, which you know, has been they are basically in a pretty tight heat in the polls and the 10 to 6 range, some at 3 in the top, and those are the top candidates. The former president is more than 37 points ahead of his nearest competitor who is ron desantis, supposed to come on to the scene and make a big splash. But i think even the former president ,
Surveillance. In the and the european session has not come through to the asian session. We got the s p futures firmly in the negative territory. We have seen the s p futures on the back foot. Interesting to see what has been happening in the currency market. A lot of yen strength in the market. The dollar is down against the japanese currency. We heard from the japanese Prime Minister, he had some words to say about who is going to run the bank of japan. There has been lots of reports about Corona Kuroda been tapped for a second term being tapped for a second term. We have an exclusive interview with the ceo of the Luxury Group Sales werer holiday good. I would be taking you through the first hour, nejra cehic will be with you for the following couple of hours on bloomberg surveillance. U. S. President trump has unveiled a 4. 4 trillion budget for the 2019 fiscal year that and otherwelfare domestic programs in favor of higher spending on military and immigration enforcement. Calls for
Shrink the feds Balance Sheet. David . David were goined by mr. Campbell who covers banks for bloomberg and alice williams. She was a banker for Morgan Stanley and u. B. S. Lets start with the numbers because they broke 15 minutes ago now. Theyre basically up across the board according to estimates and last year. Mr. Campbell thats right. Really what this is about is the expense story. It looks like thats our initial read, noninterest expenses are lower than analysts had expected so bank of america did better on that. Credit cost provisions are ower than analysts expected. Thats a good story. People may have questions on Revenue Growth. Bank of america came up short on Net Interest Income with Interest Rates rising a bit during the quarter. Theres interest there. Bond trade chg was going to be there were a lot of good expectations for bond trading this quarter. Bank of america came in short on that. David focus on the trading because it came in low. As you point out the Fourth Quarter
He says he is optimistic that a joint approach to Bank Regulation is possible with steve mnuchin. Mark we will have a look at european equities. Look at the lefthand column, stocks are rising after that fed rate hike yesterday. Not too hard hot, not too cold. Some are calling it a dovish ate hike, which is why we see rally in stocks, the first opportunity to react to the fed move. After against the dollar 8 to 1 was the outcome of the bank of england meeting, one member voting for a hike. ,onds, commodities, and cds look up the euro against the dollar. 107. 36. 1. 2 was the gain yesterday, the last since june of last year post the dutch exit poll and then we got the election result in the netherlands, it was worse than opinion polls predicted. Freedom party, putting to bed concerns about the spread of populism across the currency bloc. Unicredit saying the result should be positive for the euro, clearing one political hurdle reducing the offsetting force of the Political Risk premium.