alison williams from bloomberg intelligence. don't forget, we will hear from ubs ceo sergio ermotti at 7:00 a.m. london time. let me take you to what markets are doing. it is a selloff in equities led by tech specifically. hong kong tech having a rough go of it. investors are unconvinced about the china outlook. discounting it and not buying into any of the good data coming out. nasdaq futures look more poorly. we have microsoft kicking off big tech earnings. swissie hits a four-decade high versus the yen. it is the battle of the havens. it was expected given definitely which out of ueda. on the treasurers front, a lack of direction ahead of a heavy week of data later in the week. european earnings will be continuing. we will get numbers from the world's biggest food group. nestle, they report in a few minutes. this is bloomberg. ♪ dani: happy earnings season. we are getting nestle numbers right now. it is a story of stronger pricing power. revenue beat, more than 9%, the estimate was 7.25%. there pricing was up nearly 10%, when

tom: alison williams is with us, she is truly esteemed and she joins us today.ivision. revenue is up, and there is this one bank challenge. let me cut to the chase, why is fletcher solomon challenged? allison: the investment bank came in line, other people had positive surprises. tom: will they have to lay off people? allison: the headcount does come back and lower than they are making those cuts. lisa: apollo isn't the only one looking for opportunities, how much in the numbers is the big banks taking business from credits we and potential firms that may be in a weaker position? how do you parse this out in these results? allison: i think that's why we saw this huge quarter fixed income, huge and the fact that they had sizable growth it was up almost 30%. if you think of the businesses that credit suites excelled then, those businesses are coming up big at bank of america. there are some shared games going on there. lisa: do we have a sense of who the winners will be with credit tightening, will it be jp morgan, citigroup and bank of america? alison: in terms o

williams, | victor gao, thank you forjoining us on the programme. around the world and across the uk. this is bbc news. after a life dedicated to treating liver patients, alisons so important to raise awareness. stoke—on—trent is the second—highest area in the midlands for early death relating to liver disease. alison believes that a second scanner could be a life—saver for many. she is even trying it out. it feels all right, actually. i've sent lots of patience for these scans. i've sent lots of patients for these scans. as a medical consultant, alison helps thousands of seriously ill patient during her career here at the royal stoke university hospital. this is where she is also receiving end of life care. it's safe to say, alison isn't wasting any of the time she has left. i feel prepared for the future. i feel i have left something, well, still leaving something that is worthwhile. you're live with bbc news. the us government's urgently investigating the leaking of dozens of intelligence documents on social media. the bbc�*s seen some of the documents including detailed accounts of the training and equipment being provided to ukraine. some of the papers a