Very warm welcome to bloomberg daybreak europe. Lets get straight to breaking news. Fourthquarter net income, 1. 6 billion euros against an estimate of 1. 4 8 billion ahead of the estimate. The ratio, 12. 1 , looking for other numbers, the revenue number coming in at 5. 1 2 billion. It looks like it has beaten the top and bottom lines, and the dividend comes as anticipated. The story is on Asset Management for growth, trying to offset the impact of lower negative Interest Rates and Rising Capital requirements, which forced them in december to take it right down on the french Retail Banking business. More diversified and less dependent on rivals on the trading side. What expectations do they have for growth in the Retail Business . The creditak to agricole ceo on a European Market and 8 30 a. M. U. K. Time here in london. Lets get to the markets and see where we are trading at. In the asian session, the asiapacific region, the market ,ooking flat, pretty confused unwilling to take risk
Tea leaves boosting stocks china says trade reps are in close contact with the u. S futures do point to a second higher open. Plus, putting mergers on notice Elizabeth Warren drafteding legislation to reverse mega mergers. And a shakeup at united airline, oscar munoz stepping down president scott kirby will take over next spring we do have breaking news on gm for that we will go to phil lebeau in chicago. A busy day, phil. Reporter it is a busy day, phil General Motors announcing it is forming a joint venture with lg chem the two companies will be creating an electric vehicle battery plant in northeast ohio. It may be if lorn lordstown or outside lorsdtown where gm used to have a plant. They sold the plant earlier this year gm will invest up to 2. 3 billion into that joint venture with lg chem located near lorsdtown, ohio and create up to 1,100 new jobs this is a move many expected they talked that it had plans to add jobs in northeast ohio we will talk first with gm ceo mary bar repor
Steeper falls on this but this is still early doors with what is going on with the benchmarks. Certainly what we also have going on is the treasury market as well. Seen a bit of the paring of the gains we have seen. Yields moving slightly to the upside. 1. 71 or thereabouts on that. Looking at futures. Flat for the s p on the futures. Lending a little bit of support. Cnh pretty much on move, we could see a gradually could get weaker. The offshore yuan 7. 07. Looking at sterling, we have 1. 30. Ver we have continued polls coming out suggesting the conservative well, boris johnson, did with the majority after the december 12 election. Thats what we have at the moment. Lets go to new york and join su keenan. Su we start with President Trump who is done a you turn on nato switching 180 degrees from his criticism to claiming credit for strengthening the alliance. Trump was especially vocal on efense spendingspens complaining that washington bears the burden for your safety. He warns nato me
Of the president , mr. Raisi, with congratulations again success the sports teams asked for increased support to continue this success. The countrys Education Evaluation Organization announced that the claim of accepting candidates was rejected or the admission of a person with a rank of 175000 in the medical field without providing any document as stated in the organizations announcement , the right to legal and judicial followup in this regard. It will be protected and in the past years all transfers have been made with the necessary grades and points. Also, the countrys Education Evaluation Organization announced that there is no education and points for accepting or transferring the children of faculty members. According to the ministry of energy, it is expected in week currently, the amount of demand for electricity consumption has been registered in this new account. Referring to the five climates of the consumption pattern in the country, the Vice President of distribution coord
The meeting will come to order. Today we we are here to discuss the opportunities that the recent challenges to say that the growth in demand for electric power in united the United States. And thats a trip over to demand for electricity grew steadily along with our economy. In the decades following implementation of the north american freetrade agreement which is in 1990 and electricity demand growth fell by nearly 45 . 45 . For the past two decades electrical demand for load has been flat across the country. We are here today because that era appears to be coming to an end rapidly. But thats the growth in Domestic Technology and manufacturing sectors utilities and gridan experts across the country telling us electricity demand is truly remarkable growth. Meeting this demand growth may provide to be one of the greatest challenges we will face an will face in also inn opportunities for the toy First Century for citizens. Our defense and security but i wanten to thank our witnesses on w