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a very warm welcome to the program. i am anna and words. just facets :00 year in the u.k. will join us in dubai. the french banking group reporting their numbers, q1 profit at 227 million euros against the estimate of 220 million euros. that number beating estimates on the next level, large customer unit net profit coming in at 163 million euros. cole reportingi that trading revenue fell at the bank began a reorganization to streamline the capital structure. the cost of a rebound, that is also of interest. remember this european banking sector the largest having struggled this year, at record low interest rates, freezing income. and turbulent financial markets deterred clients from trading, listing, and other matters. that is something the whole sector has had to deal with. back in february, we heard they were selling stakes in three dozen regional banks in 18 billion euro transaction to simplify the structure, reinforce capital, and pave the way for all caps dividends. ....
it is a slow day because of the cars, brazil, and be a way. boe. tom: that meeting was supposed to end last evening so forget about that, live right now in brazil their federal senate s meeting on the future of president rousseff. that is important. is 20 hours and counting of live debate. let s get straight to nejra cecic. president dilma rousseff may be within hours of leaving office. the majority of the senate has voted to remain voted in favor of impeachment. willice president well rise to power. and friends, president francois faces a s government difficult vote in parliament after a controversial label reform. he ran the proposal through the lower house of the parliament and says it will make it easier for employers to make jobs. same-sexay it worse marriage has gotten private partial approval in parliament in an alloy. italy is one of the last countries in the eu to approve same-sex unions. and you study says air pollution is rising in the poorest city ....
the economy is slowing ahead of the referendum. the bank of england has a tricky judgment call. it can t go too far out there politically and say what the economy would do if we were to vote against staying in the eu but it is clear the economy is slowing. the assumption is that the economy will pick up the growth it lost in the second quarter if the u.k. votes to stay in the eu. lots of headlines here. they are rate increases, are more likely than not. it may cause the pound to drop sharply. it sees inflation dropping. that is very important because as inflation is forecast to rise, the bank of england is telling us, rates are going to be raised in the forecast. in the 2-3-year horizon. investors will depend a lot on what happens in the upcoming referendum. the big take away is that yes, the bank of england has cut the gdp forecast for this year but it is not a big surprise. the economy is slowing and the back.ata is there is a slowdown in construction and manufacturin ....
1%. take a look at the groups on the move. we still have technology in the red. care has been lagging. tech just barely in the red. materials, consumer staples, utilities are leading some of the gains here. look, ifnted to take a i may, at what is going on with oil. because we have also seen the s&p track very closely today with oil prices. white yellow, the s&p in and you can see clearly what is going on. around and made a round-trip. so have oil prices there are concerns about supply constraints in nigeria. but supply in canada has been coming back online. that has been pushing oil around today. in the most toe gains, we ve got microsoft higher, exxon mobil also rising with the rebound in oil prices. and amazon.com on a five-day winning streak at this point. percentagewise, some of the winners we re looking at today tied to news include monsanto, which might be getting some interest from a buyer of germany to create the world s largest agrichemical company. ralph laur ....
highs we have seen. the nasdaq is the worst performer of the three major averages. being a tech heavy index, it is down 1%, twice the declines we are seeing in the s&p in the dow this point. we were seeing much more green on the screen earlier. health care in industrials have turned more deeply into the red. we have been watching apple in the selloff. it has been mirroring declines in the major averages. taiwan semiconductor shipments for iphone 6 s and seven, the shipments between june and december could decline as much as 70% to 80%. we are definitely seeing investors extrapolate what that means for apple and other apple suppliers as well. we re seeing a ripple effect within technology. a lot of different kinds of chipmakers are following today. if you thought yesterday s decline in retail, that that was it you re in for a rude awakening. calls in particular are tumbling by 12%. comparable sales are down 3.9%. analysts had estimated a gain. consumers are not buying ap ....