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June 21, 2024
The top. The ceo steps down and was his departure means for britains biggest retailer. Good morning and welcome to the pulse. I am guy johnson. We are going to go to our top story of the morning from the corporate landscape. After 4 decades, the ceo of tesco is leaving britains biggest retailer and handed it over to dave lewis. For more is caroline hyde. Investors are welcoming the news. We saw a ruthless Shareholder Meeting and now we know the results. At that time, it was only in the earnings ...
June 21, 2024
Im guy johnson. Francine and im francine lacqua. We are getting breaking data out of germany. The figure for current assessment, pretty much in line. If you look at Business Climate current assessment, they are less. Guy 106. 8. The median forecast 107. 7. Slightly on the light side. Interesting thing is why german industry feels that it needs to be less optimistic during it i guess there are still ongoing issues with russia. Francine greece. It just finished so there were all these ongoing situ...
June 21, 2024
Good morning, everybody. You are watching the pulse. Francine a big move at the top of a major bank. Credit suisse has named a new ceo. Guy hans nichols joins us from berlin. It is an interesting choice. Why do you think him . Hans you probably have to go with share price. Credit suisse is down 18 on the year. In terms of strategy, they may want an entirely new look, a fresh take on what is happening at Credit Suisse. Brady dougan had a reform process, but it was implemented fairly slowly. He wa...
June 21, 2024
Vladimir putin had his first state to state visit since the beginning of the ukraine conflict. Matteo renzi met with putin. Putin said the two agreed on ukraine. We were of one mind that the conflicting parties must strictly comply with the agreements reached in minsk on the 12th of february. I am certain that this opens the possibility for a comprehensive settlement and from watching a direct dialogue between kiev donetsk, and luhansk. Olivia the ceasefire agreement has been holding in recent d...
June 21, 2024
By the way, the greeks are actually accusing the germans of 279 billion euros worth of war reparations. We will be back on a shortterm basis. We can see how the dax actually opens. It has not traded as of yet. We may have a little bit of news on commerce bank. What is driving the u. K. Market this morning . The miners all trading higher. Iag down by 4 . Mr. Dudley in the u. S. Talking about the shallow takeoff. Healthy sentiment in equity markets. They have a consistent vote on the fomc. There i...
June 21, 2024
Unexpectedly falling. People are trying to work out what this really means with the Federal Reserve rate hike. That could create all sorts of concerns. Suddenly, the negative yields become less attractive only start to hear of the rate hike in the u. S. At the moment the market goes back to december. We are opening flat at the moment. It is coming in flat in the eurozone. Daimler is up 17 and it is following on where the night states is going. The euro is coming lower against the dollar. Now it ...
June 21, 2024
Labour are now and neck. It is a nationwide campaigning marathon. Mark welcome to countdown. Caroline im caroline hyde. Anna mark can germanys biggest carrier complete its turnaround . We will bring you the numbers as they break. Caroline plus exclusive interviews you dont want to miss. First, rayban maker making the second version of google glass. We will speak to the chief executive in a couple of hours. Mark we catch up with the finance minister in another exclusive conversation. Caroline ubs...
June 21, 2024
Back after the tenyear hit a sixmonth high earlier in the session. We talk to pimco chief officer scott mather in just a few minutes. And treasury yields across the pond as well have had a huge gain. Also that picasso painting sold at auction last night, a record 179 million. Economist norle ra lle lle Nouriel Roubini will be here. He thinks some people use expensive art as a form of Money Laundering, unquote. Hes at it again. Hes dr. Doom of the art market. With an hour to go in the trading ses...
June 20, 2024
Im back. Kelly is off for an entire week, a very well earned thanksgiving rest in america. So coming up, well be out in tel aviv as International Pressure mounts to find a solution to the ongoing violence. Hillary clinton on route to jerusalem. Well get a view on president obamas trip to cambodia where tensions over the South China Sea look to dominate the as sas summit. Well have updates about the greek tranche. And lines are already facing for the latest tech ahead of the allimportant black fr...
June 20, 2024
A market in search of a narrative. Thats kind of what it feels like down here. The dow may have been in full on rally mode today if not for General Electric. Its the worst performing dow stock. Its down almost 3 , and that despite earnings that roughly met expectations. Why the selloff . Art cashin just told me the market on close orders flat right now. The dow and the s p continue to trade near alltime highs. The nasdaq is still a good distance away from his alltime high of a little over 5,000 ...