Failing to complete safety recalls. The carmaker will now be monitored. Welcome, good morning. Im caroline hyde. He has some breaking news from ubs the bank is publishing secondquarter results early. Lets get out to ryan, at the breaking news desk. Ryan 1. 21 billion is the net income, 53 from what they did last year. Thats better than what analysts were expecting. They expected something closer to 900 million, and the reason is private Wealth Management. Sergio armani issued triumphant earnings today, saying he was very pleased with how things were going. They cut costs and obviously revenue is coming in well. Capital rates shows the company staying above target 14. 4 . These numbers came out earnings came out over the weekend in the swiss newspaper and it left a lot of people confused. Ubs this morning said it also misled people and that is why they moved their earnings up. It is kicking off a very busy week for the bank. Caroline thank you very much. More breaking news lets kick it
You are welcome this monday morning. I am manus cranny. This is countdown. Lets get to one of the biggest market moves since 2005. The onshore yuan has moved significantly. ,e are on holiday for the week the chinese. They came back and looked at dollar weakness and they adjusted the yuan appropriately. By thejusted the yuan most since 2005. This is the hong kong valuation. Let me show you the actual onshore yuan. You have this quite dramatic move in terms of the onshore yuan. They moved in terms of adjusting the valuation back. This is about combining the information over the weekend, imports declining for the 15th month. The head of the pboc absent from comment for many weeks, dismissing the need to tighten, saying there is no incentive to depreciate the yuan. That is what this move has done. Lets show you markets in terms of what they are doing. All predicated on the view that you may well see the japanese do more. Mario draghi speaking today. It is the first back daily decline in no
A meeting between president obama and raul castro. The president is expected to urge castro to seize the opportunity to improve u. S. Cuba relations by expanding human rights and Economic Opportunities. For the second time since friday, north korea has conducted Ballistic Missile tests in the sea of japan. Officials say kim jonguns regime launched five short range missiles today. Earlier this month, the United Nations Security Council enacted sanctions to punish korea for another Missile Launch as well as a nuclear test. The German Government says it took in 2 million refugees last year. A 49 increase compared to 2014. Of those 2 million, 860,000 have moved to other countries. Angela merkel has resisted measures to control migration such as putting a constraint on the number of refugees. ,lobal news, 24 hours a day powered by 2400 journalists in more than 150 news bureaus around the world. Im pimm fox. Matt thank you very much. Good morning. Take a look at markets in europe. The dax ha
At the peak today. Mayer still in the crosshairs as she takes on starboard. Could we see changes . A question weve been asking since the day she took over. Unfortunately. More Political Drama today, ben carson, may have heard endorsing his former rival on the campaign trail, donald trump. We have someone who knows a thing or too about drama, Ellen Burstyn, her new role in the current season of house, what a great job shes done. Well get her take on the current political field which shes very active in among other things in a little while. Looking forwards to meeting her. New details on 100 Million Bank Heist and why some are blaming the new york fed. This is a tricky one for them. Very tricky. A lot of money involved there. Lets start with the markets rally, david is back from us and jonathan from Meridian Equity Partners at post nine at the big board and Rick Santelli checks back in from chicago. We were both gone yesterday john, but the European Central bank cut rates to zero and the
Tenyear below october lows right around 1. 8. 30year, a record low, above 2. 40. Road map begins like this futures taking abig hit. Monthly retail sales log the largest drop since this time last year. Banks on the hot seat. Jpmorgan misses estimates across the board. Well hear from wells fargo. Good year for gm . Auto giant expecting improved profits in 2015. Futures extending losses as weaker than expected retail sales in the u. S. And concerns about Global Growth. Sales fell. 9 in december even if you strip out gas and autos, sales in most other categories fell below estimates on a day where the world bank jim, says global economys running on a single engine and that is us. 24 hours ago a mark up 1. 5 . Everything seemed great. Then copper fell kb homes disappointed, next thing you know were down big. I caution people that we open down very big, maybe midday something happens thats not so bad. I didnt think wells was that bat bad. Just disappointing, except for people who have been f