Powell today. The u. K. Begins its low reopening as the business secretary says employers have a duty to keep staff safe. We will get a glimpse at the economic fallout from coronavirus in firstquarter gdp figures. More earnings coming in across the bloomberg. Taking a provision in this quarter of 326 Million Euros. Ae market penciled in loanloss provision of 286 million. Over a billion euros in loan losses. Nowhere near what you see with the spanish or italians. Theres an operating loss at the bank of 277 million. They penciled in 159. 9 Million Euros of a loss on the quarter. Thats the state of play with commerzbank. We will keep a track on that. We are tracking the losses across the map. What do you have from abm abn . Nejra 1. 11 billion euro. The estimate was 656. 2 Million Euros. Thats a bigger fourthquarter loanloss provision and its the red headline. Got,rms of what else weve they say they will reduce their strategy, addressing efficiency and cattle capital. Its an update from a
Traditional Growth Engine. That is declining and has a huge impact on our economy in the short term. Olivia leading to speculation the government will have to take more steps to stimulate the economy. A deal that will create the worlds biggest maker of equipment, howards mobile phone network. Note yellow by Alcatel Lucent will buy Alcatel Lucent 416. 6 million in stock. No egos take on contracts with two of the biggest wireless carriers in the u. S. Verizon and at t. Congress and the white house are planning victory in the fight over iran. Congress will have a say in the Nuclear Agreement. It has become clear that democratic lawmakers will join with republicans. Bob corker says the bill has bipartisan support. Senator corker i believe congress should plate a role in ensuring that all the details are there. And on behalf of the American People, before they sanctions are lifted that we ensure this is something that holds iran accountable. Olivia the compromise gives congress 30 days to r
We will ask a top housing regulator. A stunning revelation in the big Insider Trading trial. The insider trader was kicked out of law school for faking his grace. Happy friday, you are watching Market Makers. Is the us this morning bestperforming hedge fund 2013, larry robbins. His returns are nothing short of extraordinary. Welcome and thank you for joining us. 2013, you were the man but guess who is the man today . My partner Erik Schatzker because january 10 is his birthday. I think it is far more important than the jobs number. Its myact that birthday makes something out of a day that otherwise would be a massive disappointment. The jobs report was horrible. The u. S. Economy added 74,000 jobs in december, lower than the most pessimistic economists view. Can i get ready for knowing its your birthday . I get to kiss you. Michael mckee is here to talk about jobs. The topline number is kind of noisy. It gets revised month after month. 74,000, is there anything in there that makes it l
Boeings flight plan, the Aerospace Giant heads to washington today to pitch the faa on a plan for fixing the dreamliners battery problem. Tech toughness, shares of Hewlett Packard getting a boost on a better than expected quart ily report and upbeat guidance. Plus, a key election in italy. Not the pope yet. Thats coming, though. The outcome is anything but certain and the Global Markets are paying close attention. Its friday, february 22nd, 2013 and squawk box begins right now. Good morning, everybody. Happy friday. Welcome to squawk box here on cnbc. Im becky quick along with joe kernen and Andrew Ross Sorkin. Keeping an eye on the u. S. Equity foourchs, well, after a couple of days of declines, dow futures are up significantly this morning. Thats a gain of 50 points above fair value. The s p 500 is opening up by about 6 points and this comes after two days of declines and a lot of questions about whether this rally has tapped out, at least for the moment. Among the key Market Drivers