Debt as collateral for loans as eu leaders meet today to discuss a 2. 2 trillion revival plan. Loan provisions jump at Credit Suisse as the lender builds reserves to withstand the coronavirus pandemic. We will speak exclusively with the banks new ceo just after 9 00 a. M. Hopes forrs crafted higher profit in 2020. And the earnings deluge continues. Revenueetting hermes out, down 6. 5 percent, which does not seem quite so bad all things considered. Anna we are getting numbers out of unilever as well, so the earnings daily continues. Things not looking great for unilever. Delucia the earnings deluge continues. Growth of zero, so 0 . The estimate was of an increase and itr just over 2 , seems on pricing and on volume they missed estimates. Pricing looks to be lower than estimates and volume looks to be lower than estimates. That seems to be where we are on the top line. They are also saying they are withdrawing their previous 2020. Uidance First Quarter underlying sales slack, as i mentio
Budget. This is bloomberg surveillance. I am Francine Lacqua. A lot of focus is on earnings, and a lot of focus on the banks. The Credit Suisse story, i am delighted to speak to the chief executive shortly. That will give us good indication of what the clients are doing. This is what the market is doing. A lot of focus on earnings, a lot of focus on the pmi figures. Lets get the board up to get a sense of what the market is doing. April services pmi falling to it was 22. 8, now it is worse than expected. Manufacturing lowerthanexpected, but in mind. The forecast was 38. That has fallen off a cliff. The dollar is the one you do not want to get wrong in the next couple of months. Stocks are fluctuating, oil advancing, and the dollar holding three days of gains. Plentyures, we will have more on earnings. Lets go to new york city for the first word news. We begin with Economic Activity in france and germany shrinking this month more than expected. French composite pmi dropping at a record
Clerk mr. President , all members are present. President yee okay. Thank you. Will you please join me in the pledge of allegiance. [pledge of allegiance] so id like to acknowledge the staff of sfgtv, karina and michael, who record each of our meetings and make the transcripts of the meetings available online. Madam clerk, is there any communications . Clerk yes, mr. President. On march 7, 2020, a Citywide Health order was issued by the health order, issuing aggressive recommendations to slow down or reduce the spread of the covid19 virus and protect the health of general populations. During the call for general Public Comment, i will provide more comment on how the department of Public Health is encouraging more participation remotely. Thank you, mr. President. President yee thank you, madam clerk. Colleagues, as you know, we are not operating on a routine process in the state of california and San Francisco. I want to remind everyone that the board of supervisors is an eventual govern
Clerk mr. President , all members are present. President yee okay. Thank you. Will you please join me in the pledge of allegiance. [pledge of allegiance] so id like to acknowledge the staff of sfgtv, karina and michael, who record each of our meetings and make the transcripts of the meetings available online. Madam clerk, is there any communications . Clerk yes, mr. President. On march 7, 2020, a Citywide Health order was issued by the health order, issuing aggressive recommendations to slow down or reduce the spread of the covid19 virus and protect the health of general populations. During the call for general Public Comment, i will provide more comment on how the department of Public Health is encouraging more participation remotely. Thank you, mr. President. President yee thank you, madam clerk. Colleagues, as you know, we are not operating on a routine process in the state of california and San Francisco. I want to remind everyone that the board of supervisors is an eventual govern
Clerk mr. President , all members are present. President yee okay. Thank you. Will you please join me in the pledge of allegiance. [pledge of allegiance] so id like to acknowledge the staff of sfgtv, karina and michael, who record each of our meetings and make the transcripts of the meetings available online. Madam clerk, is there any communications . Clerk yes, mr. President. On march 7, 2020, a Citywide Health order was issued by the health order, issuing aggressive recommendations to slow down or reduce the spread of the covid19 virus and protect the health of general populations. During the call for general Public Comment, i will provide more comment on how the department of Public Health is encouraging more participation remotely. Thank you, mr. President. President yee thank you, madam clerk. Colleagues, as you know, we are not operating on a routine process in the state of california and San Francisco. I want to remind everyone that the board of supervisors is an eventual govern