Manus a warm welcome to daybreak europe. The numbers have dropped on hsbc. Job cuts. Share buybacks have been abandoned. A hugest impression is restructuring with a kitchen over 7 billion. That is a reality check on growth. Cost cuts are aggressive. And the reaction in hong kong not great, dropping as much as 3. 2 . The buyback and the plan to suspend those could be part of that. You talked about the 7. 3 billion charge and the bank still looking for a permanent ceo. That was Something Else we were looking out for. There were some changes in personnel but not at the very top. And cost cuts. Says it has hsbc yet to factor in the impact of that virus. Manus the fact that they have ripped the heart out of the Share Buyback which is one of the reasons why you believe that quinn can turn the business around. He has not been anointed or appointed. They are prevaricating. The goodwill impairment comes down to 4 billion in the investment essentially, they want to reallocate some of the freed u
Im Francine Lacqua in london. These are your markets. 0. 4 . An markets down a lot of the market put a position that the economy and a lot of the earnings would go through the coronavirus. Not so after the apple news yesterday. There is more concern about the deadly coronavirus trade looking at treasuries, they are rising. Americans reopening after a holiday. Yesterday was president s day. Jumping as much as 24 after unsuccessful bid for the small arrival. This may be the kickoff of banking consolidation in italy and then further into europe. Coming up on bloomberg surveillance, our exclusive conversation with the hsbc Financial Officer on the banks job cuts. First word news. Viviana hsbc is set to slash 80 of its workforce. The lender taking more than 7 billion of charges and suspending buybacks as part of a restructuring plan. Plans to exit some businesses and cut costs. Hsbc still hunting for a permanent chief executive. We also spoke to the lender cfo about the coronavirus outbreak
Call item number 1. Number 2. Number 2. Thank you very much. Do we have any changes or modifications to the minutes . Seeing none, this opens up for Public Comment. Any members of the public would like to comment on item number 2 . Seeing none, its now close. A motion to approve the minute from the july 9th meeting. Second. And we can take that without objection. Madam clerk, can you please call item number 3. Community choicing a allegation activities report. Thank you very much. We have Michael Hyams with us today. Good morning commissioners. Michael hyams, im the director of the cleanpowersf. Happy friday, its good to see you all here. We have a full presentation for you today. We have quite a bit of slides. If i could have them right now, that would be great. Thank you. So, for our presentation today, were going to cover our usual enrollment and Service Status update. Were going to provide a state regulatory, an update on state regulatory and activitiesful ill be joined in a moment
Number 2. Number 2. Thank you very much. Do we have any changes or modifications to the minutes . Seeing none, this opens up for Public Comment. Any members of the public would like to comment on item number 2 . Seeing none, its now close. A motion to approve the minute from the july 9th meeting. Second. And we can take that without objection. Madam clerk, can you please call item number 3. Community choicing a allegation activities report. Thank you very much. We have Michael Hyams with us today. Good morning commissioners. Michael hyams, im the director of the cleanpowersf. Happy friday, its good to see you all here. We have a full presentation for you today. We have quite a bit of slides. If i could have them right now, that would be great. Thank you. So, for our presentation today, were going to cover our usual enrollment and Service Status update. Were going to provide a state regulatory, an update on state regulatory and activitiesful ill be joined in a moment by my colleague Suz
Number 2. Thank you very much. Do we have any changes or modifications to the minutes . Seeing none, this opens up for Public Comment. Any members of the public would like to comment on item number 2 . Seeing none, its now close. A motion to approve the minute from the july 9th meeting. Second. And we can take that without objection. Madam clerk, can you please call item number 3. Community choicing a allegation activities report. Thank you very much. We have Michael Hyams with us today. Good morning commissioners. Michael hyams, im the director of the cleanpowersf. Happy friday, its good to see you all here. We have a full presentation for you today. We have quite a bit of slides. If i could have them right now, that would be great. Thank you. So, for our presentation today, were going to cover our usual enrollment and Service Status update. Were going to provide a state regulatory, an update on state regulatory and activitiesful ill be joined in a moment by my colleague Suzanne Merke