Well as in london. We begin with a biggie week a busy week for Central Banks. Bank of japan says they will take on unlimited buying of Government Bonds, lifting the cap also on corporate holdings. I, he joins us now. , kitchen sink, we are still throwing it. Michael Central Banks are all as string the question of what you do when you have throwing the kitchen sink. In the back of japans case, you just make the sink a little bigger. The bank of japan already has negative rates, Corporate Bond and etf buying, and an emergency Lending Program, so they just decided to make those programs a bit bigger. Unchanged at rate 10 basis points. Remember, they do yield curve control. They mentioned they would buy as many Corporate Bonds as they need to and expanding access to its Emergency Loan Program for a wider range of banks. For analysts, theres a bit less here than meets the eye. They dropped their ¥80 trillion limit on Government Bond buying, but they werent buying anywhere trillion, so it d
Nejra welcome to surveillance, with another record on the s p 500 yesterday. We could have another flat day. What will earnings bring . Thanksunderperformed underperformed banks underperformed. The fed decision is a big focus point at the end of the month. Yearrday, we saw the 10 bund yield dropped the most in four weeks. Edging up a basis point. Coming up, great interviews for you today. The acting managing director of the imf, david lipton at 10 a. M. London time. We begin with citigroup vowing to keep cutting cost despite managing to save more than expected. Trading revenue dropped 5 , Investment Banking slumped 10 . The chief executive says this year it aims to return 12 on tangible equity. Nancy pelosi says the house will vote on a resolution condemning President Trump for his attacks on four female lawmakers. Says the comments wont distract them from pursuing their agenda. Have beenents tweets widely condemned. If you are the leader of a great multicultural, multiracial society,
The market rewinding as the fed rate cut hopes are dampened. Wall street is getting more bearish as Morgan Stanley says to sell stocks now euro banks are in turmoil as Deutsche Bank takes measures to restructure. Did it come too far too fast, and are we about to see a stock rewind guy . Number one karens back, youre everybodys back now gangs all here all here. And the matching outfit matchymatchy cute. Whats wrong, dan i havent seen you in a month and youre already discounting me no, im loving the Syracuse Orange way to represent, people listen, i think stocks have gone too far, too fast, absolutely i thought that, you know, probably 250, 200 dow points ago, maybe 75 s p handles to go. With that said, you know, the Morgan Stanley, thrive beentive. I think theyre going to be right. The thing on the list that concerns me the most believe it or not is Deutsche Bank and european banks in general. I do think the markets banking way too much on the Federal Reserve that is now people think th
The underperformer over in europe is Deutsche Bank hit. Again. E is down we are at a twoyear low. It is the opposite for copper trading at a twoyear high. The vix is a lower again. That is the wrap of the market. Now twitter earnings are crossing the wire. Jonathan Quarterly Earnings helping by video advertising even as the social Network Field to add any new monthly losers and thus dock is down. Second Quarter Sales fell 4. 7 to 573. 9r earlier million and that beat the average estimate of 537 million. Alix this is a big deal. A big question is can a growth continue . The answer from the Second Quarter is no, no second monthly quarter growth. And putl be rough twitter in a difficult position. Not be surprised and that is the number they focus on top that is what they care about. Butthan revenue was ok user growth is why it is getting punished in the premarket. Up on this green for you this is how we trade. Down by three full percentage points. The revenue to beat, user growth is a mes
A very warm welcome to daybreak europe, our flagship morning show from london. Im anna edwards, in london. 6 00 in london. Manus is not sitting next to me this morning. He is over in paris where it is 7 00. Good morning. He is on the ground. General motors is said to be poised to announce the sale of its vauxhall unit today. Lets start with the timing. Why now . Just thethink its final stomach churning moment. How much loss can you actually tolerate, anna . That is whats going to be on mary barrowss mind. Its almost like a bad relationship, a mistress that keeps demanding more, to the tune of 20 billion of losses since 1990. They have done everything. They have pulled chevrolet off the european market, a highly saturated market. They tried to pull the record in 2009 at the height of the crisis. Theyve tried, on a few occasions, to structurally change, but this is a brand that has not made money for them. They have not got it right in europe so they are doing the final aboutface. Anna t