To daybreak europe. Lets recap those numbers. Unitbs Wealth Management bringing in net new money in the Third Quarter, almost 16 billion, meaning assets in that unit hit a record. Atrd quarter net came in 1. 05 billion, a clear beat on the estimate of 9. 71 billion. Beat on therofit, a estimate for ubs. Profit came in at a beat, but ubs seeing 100 million restructuring charge at the Investment Bank in the Third Quarter. It also warned that lower Interest Rates would hurt income from lending compared to last year. The ceo, we will speak to later, saying in the statement, we continue to take action to grow productivity. We also have some breaking news coming through from novartis. A lot of numbers to come through here. The 2019 guidance has been raised. If we look at Third Quarter for operating profits, that comes in at 3. 75 billion. The estimate is 3. 59 billion. Third quarter core eps, 1. 41, eight on the estimate. Third quarter net sales also beat the estimate. Up in the high single
Take a look at gasoline, another twoyear high at 5 and the spread getting wider. Wti versus brent off by six dollars, really speaking to the overproduction and oversupply of oil in the u. S. As the impact of Hurricane Harvey is truly felt. 2 10 of a up by percent. Steady for now. And the commodity we are really watching, copper. Seven 7ch million a ton . And emma chandra has first word news. Emma Hurricane Harvey hitting louisiana, making its second landfall today coming ashore in the western part of the state after dropping 50 inches of rain on southeast texas. It is blamed for at least 18 deaths in the houston area and Law Enforcement says 13,000 people have been rescued. 80 billion, hit making it the second costliest Natural Disaster in u. S. History. A warning from north korea, kim jongun saying the testfiring of a missile over japan was a meaningful gesture toward guam. He said he will watch the response of the u. S. Before deciding on further action. He is readying his military t
She will tell eu negotiators it is your move. A very warm welcome to the program. This is bloomberg. We have a treat for you. Catalonia. In and a diplomatic spat between the u. S. And turkey. Let us talk about this turkish story. Caught in thes asia fx witching hour. Countries are vying with each other. They canceled their mutual visa program. Normally it is 25 ticks. Times itst to 60 average. If you thought of electronic trading was going to save you and give you transparency and efficiency, do you know what it did . They switched the electronic trading off. We take that threw two the risk radar. Was down 6 compared to the earlier closing. Relations are deteriorating. We have the chinese shanghai market as well. They are back in the room, playing catchup with hong kong. Wentong kong listing higher. That is feeding through to the Chinese Market. We still have closures over in asia. A lovely piece on the bloomberg this morning talking about the reserve. They have compared that to greens
About a hard brexit. The boj has to push back its inflation target one more year. Selling on the margin when it comes to the german 10 yield bund. Morning,ming up this 7 45, the important ecb Rate Decision followed by Mario Draghis News Conference 45 minutes after that. Initial jobless claims and the fed survey. At 10 a. M. We will get the indicators. After the bell we will have fourthquarter results from microsoft. Now, lets get an update on headlines outside the business world. Emma a startling admission from the president about jeff sessions. The president tells the New York Times he would not have appointed sessions if he knew that he would recuse himself from the russia investigation. He called sessions decision unfair to the president. The president may take another shot at getting a Health Care Bill passed after the present parish republicans to stay in washington until they repeal obamacare. Republican senators met with the president. Mitch mcconnell still was to hold a vote on
Terms of the divorce, not the trade relationship. You are welcome to bloomberg daybreak, our flagship morning show in the city of london. I am and is cranny. Manus cranny. Anna the Prime Minister theresa may has been putting the a finishing touch to the letter. It will be delivered by the barroweu ambassador tim into the hands of donald fisk. At the same time the Prime Minister addresses the comment hear are the to details. Will it address Divorce Proceedings, will it talk about the right to be a citizen, we tone it to hear what adopts. We have lots to talk about over the next day and a half hour and a half. Manus it will be a long haul over the next few years. What will the content due to markets . This is your brexit barometer and sterling. Chart goes all the way back to 2001. The pound is how we are seeing growth. All part of the brexit parameter. Bloomberg intelligence has adopted it. That relationship between the pound and how we feel is almost in syncopated move all the way throu