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BLOOMBERG Bloomberg Daybreak Europe July 13, 2024

A surprise appointment at the head of ubs. The ceo of ing to take over from Sergio Ermotti. He is known for the Digital Transformation at ing and a eran of the dutch banking banking a comparison to whats been happening here, hamers is a relative outsider to the rarefied world of swiss management. He has climbed the ranks. He was the head of the dutch and belgium banking units. He has been ceo since 2013. What he is known for is leading the Digital Banking push in an effort to win customers and he is also known for cost cutting, and thats what he has been doing, bringing ing back to profitability by reducing costs. Sergio ermotti recently cut the banks financial targets for the second time in as many years. We were reporting that the search for a successor was starting on friday. That news came through. The
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ALJAZ In Search Of Indias Soul Ep 2 July 13, 2024

A jump in about and we saw it about 20000 cases added to that list because they were saying that they were expanding the ways that doctors are able to diagnose kovan 19 so what china has been doing since january is using this one type of test this nucleic acid test to test for covert 19 and there were some complaints about this test people said that it mainly it took too long for us to receive a result about 2 to 3 days and so the what they did last week is that they expanded it and said that doctors can clinically diagnosed patients using things like c. T. Scans and lung x. Rays so what theyve done now is they seem to have reversed that decision and gone back to using just this nucleic acid test to confirm cases of chrono virus patients and one of the reasons is that because having this number they saying using the clinically diagnosed method was pushing down the mortality rate it was giving a skewed a skewed version of the mortality rate maybe giving people the impression that this d ....

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BLOOMBERG Bloomberg Daybreak Asia July 13, 2024

Increasing pessimism about growth. More ceos than ever see a slowdown. Sophie chinas mystery virus is spreading through persontoperson contact. Hubs stepping up passenger screening. Lets turn to selina wang in beijing with australian markets coming online. Selina we did see australian markets red hot. We are now starting to see them drift slightly lower, marginally except for the new zealand up. 2 after gaining 3 since the start of this year. We did yesterday see the equities hit record highs when it comes index price and private equity valuations. So, that would be enough to ring bells in normal times but our strategists say that macro backdrop in australia is dire enough to call this rally into question when you consider the massive wildfires that are damaging their economy. With increasing focused on environmentally sustainable investing, that rally is potentially at risk. I want to check on that a little bit more with this next chart. Thelook at that rally in context of the u. S. C ....

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BLOOMBERG Bloomberg Daybreak Asia July 13, 2024

But it turns out that may not be the case. In the big banks launch a earnings season with a bang. Jp morgan reports of most profitable year ever for any u. S. Lender. News from south korea, were the jobless numbers for the month of december. Writings coming in at 3. 8 , which is higher than estimated and higher than the previous month of november. The jobless rate has been creeping up since the month of august and now we are seeing it shoot up to 3. 8 . Although it is worth mentioning that the economy still added 516,000 jobs in december, which is 200,000 more than in the month of november. Conflicting signals right there, but we have seen the government has tried to create jobs, they have tried to support the economy, but we continue to see declines in the manufacturing and retail sectors. Now the jobless rate coming in at higher than expected 3. 8 . Austrian markets have now open for trade. Lets turn to sophie for what to watch. Sydney a flat open in after a fresh record on tuesday. ....

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BLOOMBERG Bloomberg Daybreak Americas July 13, 2024

From istanbul to london to washington, our bloomberg voices are on the ground with this mornings top stories. We begin with a pause in the trade war. President trump hailed the signing of the 86 page document as an important step towards a fairer trade deal with china. We take a momentous step, one that has never been taken before with china, toward a future of fair and reciprocal trade as we side phase one as we sign phase one of the historic trade deal between the United States and china. Alix joining me on the phone from washington is shawn donnan, bloomberg trade reporter. What is the day to story the day two story . Some there are already question about chinas purchase commitments. We heard overnight a real emphasis on the role of the market in this, saying they will live up to these commitments if it is with Chinese Consumer demand and if the prices are right. That is ....

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