Rishaad right, well, banks reporting out of china this week. Note onjust seen a nonperforming loans. People keeping an eye on that. This is an alarm bell for the amount of debt they are caring. Showing what 9438, is happening. Out of all of them, it is Agricultural Bank of china which is the worst. Its nonperforming loans seemingly worse. All will be revealed this week, the big four out with earnings and indeed these numbers as well. Haidi absolutely. A lot to digest when it comes to the asian open. We are getting the washer from jackson hole, more what wasnt said by janet yellen and mario draghi, the latter refraining from commenting on Monetary Policy or the strength of the euro. The dollar lower on the account of janet yellen sounding more dovish than expected. We had saber rattling out of north korea, and the big calendar when it comes to macro data. Friday, and china pmi rounding out that picture when it comes to the chinese economy. We are 30 minutes away from the open in china a
Exports rise from the factory to the world as Global Demand shows signs of picking up. Welcome to bloomberg daybreak europe. Im anna edwards. Manus we brought her back in. She is allowed inside the building. Good to have you back in the room. Lets get out to matt miller, standing by on location. A big day for the ecb. A huge day for the ecb. Number one, we are expecting at least 90 of the economist we surveyed expecting the ecb to change the language in its statement and no longer say that risk to growth are tilted to the downside but rather balanced. Its something weve not heard since august of 2011 when jeanclaude trichet was president. For me its going to be an exciting day. There were never two words so much focused on in our lifetime. We will catch up for you a little bit later. Got to talk about sterling. The one that maybe just got under the radar, this is the probability of a rate hike in september versus december. What youre going to hear from the federal reserve. Its below th
Into wells fargo ceo over his companys fraudulent accounts. What was his defense and what happens now . Melissa back to the markets. The dow ending the day down nearly 200 points. Goldman sachs, merck, nike among the biggest drags. We have you covered from all angles. Trader Scott Shellady standing by at cme. Lori rothman on the floor of the new york stock exchange. Lori, the dow at one point was down 247 points today. What is driving the selloff . Reporter sell you, melissa, the market crashed at 1 45 eastern when a report came out saying hedge funds that use Deutsche Bank as a clearinghouse for Derivatives Trading business were bailing out of concerns weve been following for a couple days, weeks now, that deutch pang was having Deutsche Bank was having a crash crunch. That the 14 billion fine imposed by u. S. During the mortgage crisis was not being able to be covered. That is started things. The deep fear of contagion rattled all and thats when the selling started taking off. We cam
Plowed into a platform in the Hoboken Terminal. This was at the height of the morning rush. I did see people jumping through windows in that first car after the crash, trying to get them out. Maybe they got them they could squeeze them through the door. It was just a mess. I just tried to get out and get on the platform and get as far away from it as possible as quick as possible, but i did see some pretty nasty stuff. New jersey governor krils chr Chris Christie urging patience as the investigation into the crash takes off. My admonition when i was u. S. Attorney all the time to my prosecutors and agents was, dont jump to conclusions, let the facts lead you to the proper conclusions. And so were not going to speculate about the cause of the accident. And nbcs Tammy Leitner has been in hoboken all day. She joins us from there live. St tammy, they dont want to speculate about causes. What kind of evidence has emerged right now . What can you piece together so far, anything . Reporter he
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