Shares in Germanys Thyssenkrupp surge after theyre set to buy them. They go wild for hasboros purchase of pep pa pig at a huge premium. And g7 leaders prepare to meet in france with the summit unlikely to end with a formal communique for the first time in its 44 year history fed chair Jerome Powell is set to address the group at jackson hole later on today. The fomc minutes released this week showed members remained divided over a decision to lower rates by a quarter percentage point but policy makers agreed that the move should not be seen as a signal that rates are on a preset course. Now this morning in europe were seeing stocks move higher as investors await this key speech from the Federal Reserve chairman at jackson hole we have the ftse 100 up 0. 6 the dax up a third of a percentage point and the cac and the italian index also moving higher and in italy were all watching Political Developments there. The president has given the Political Parties until tuesday to try to get toget
Everyone. Good afternoon if you are watching from asia. This is bloomberg surveillance. These are your markets. We need to watch out for the u. S. 10 year yield and eurodollar. Augustgetting some services pmi rising to 53. 4, little better than expected. ,ut if you have a breakdown also manufacturing is better than expected, but what you need to are member is germany is not doing so great. France is a little bit better remember is germany is not doing so great about frances olympic better. Great, france is doing a little bit better. You can see our interview with Esther George 12 30 london time. Tomorrow, a stellar lineup. We speak to James Bullard all here on bloomberg tv. That may move the markets overall, but now, lets get straight first word news in new york city. The chosen one. That is how President Donald Trump described himself to reporters. He said it is his job to wage a trade war with beijing. Somebody had to do it. I am taking on china. I am taking on china on trade and we
Salvini says he wouldnt change a thing. I would do everything that i did again. Everything im a freeman. I dont fear italians judgment. European stocks bounce back while u. S. Futures point higher as investors await minutes from the july meeting the u. K. Prime minister prepares for a European Tour with stops to meet Angela Merkel and emanuel macron near mateo, you take a great responsibility toward the country. You announce this crisis asking powers to rule the country and again recently i urge the people in the square to support you this idea is preokay yccupying. He was delivering a bruising attack during his resignation speech he accused the leader of being selfish and manufacturing a political crisis when he decided to and took aim at his use of religious symbols now he hit back saying he does not regret his actions. I would do everything that i did again. Everything im a freeman and i dont fear italians judgment. The man road is the way to the elections because nothing and no one
Im finding out what that means for the millions of borrowers who are used to cheap credit. In sport, the toughest test for england in the opening game of the Rugby League World cup. They face hosts and reigning champions australia in melbourne this morning. And, with halloween just a few days away, sarahs at a pumpkin festival with the weather. Good morning. Yes, im at hampton bridge this morning bringing you a fall in uk forecast but also looking at some amazing pumpkin installations here and were also going to have a live pumpkin carving throughout the morning. I will be backin throughout the morning. I will be back in 15 minutes. Be careful, sarah. See you later. See you later. Good morning. First, our main story. An investigation into the cyber attack that brought down parts of the nhs in may has found that it could have been prevented if basic security measures had been in place. The National Audit office says that the Health Service wasnt prepared for the attack in which criminal
4 buiillion in wealth managemen. Our markets business on the debt side, even relative to the last First Quarter last year, were up more than 10 . In equities, substantial improvement over the Fourth Quarter of last year. The only business which is slightly down is our Transaction Banking business. But thats a function of the fact that we have exited a number of countries and also exited a number of highrisk clients. Let us especially talk about clients. You are saying in that letter to employees that clients are coming back. Are clients reassured about the stability of deutsche . When you look at the performance q1 number, we are north of 14 . Thats a very Strong Capital position from which were coming. The funding position of the bank has substantially improved. We now are able to talk to our clients based on a completely different starting point. And we see that reflected. Many people came back when they heard about the settlement with the department of justice. And there was kind of