give us the story on a bad year getting worse for danske bank. >> it has been a bad year for danske bankis is the second profit warning in three months. the silver lining is this has nothing to do with the bank caution own operations, nor to scandal of money laundering. they are claiming financial turmoil, which might be a mitigating factor when the stock market opens. matt: we had a good numbers from nike. what is the deal with adidas? >> it looks like adidas will open higher today, on a topline read. nike did well in north america and china. while id does may well rise this mightg -- while adidas well rise this morning, north america might not read well. nike has stagnated in the last couple of years so the gains might be capped a little bit for adidas. matt: what is the story with nordea and activist investors? afterm looking at nordea cevian capital, one of the largest investors in europe, had built a stake in the nordic bank. forward toooking working with management to unlock potential without unnecessary time delay. it is called higher at the open. sam, maria,ian, thank you for joi

dansk a bank has cut its forecast for 2018.t's ending a year dominated by scandal on a decidedly bleak note. proper for this year will reach 15 billion kroner's down from previous forecasts. the comes as they deal with fallout of multiple money laundering investigations area after reporting strong sales in north america and china, earnings for $.52 a share. beating the forecast by fear -- $.56. there and campaign featuring colin kaepernick. the ads have given up take in traffic and engagement. the shutdown finds back on. the house increase the chances of a partial shutdown by going to give president trump funds for his proposed border wall in a spending bill the senate is sure to reject hours before midnight deadline. ae house vote came during tumultuous thing which trump surprised fellow members of his party by insisting he won't sign a bill without money for the border wall. that was after the white house had hinted he would actually accept it area and to -- except it. and secretary jim mattis has resigned citing different si

all sorts of money laundering issues now popping up surrounding daughter bank it all started with danske a bank but then a slender. dodgy bank had also custody and operations for the. internal affairs and then on top of that again the money laundering issues all those suspicions that their system could not be compliant with the us system now a concern which is traced by the two democratic senators the senators in the us having said that clearly the arch of bank was also called a troubled institution of long ago by the federal reserve so the pressures very much on doj of bank to get their systems right to be compliant with national regulations and the specially to make sure that there's no money laundering potential inside the institution basically it's clearly the senators are saying through daughter banks operation the u.s. it's a landing page for all the money from everywhere in the word so they want to know whether dacha bank has a good system in place and then that world is trying to clean up its act also restructure. its also trying to merge with combet spunk that's something that w

drone forced runway closures and left tens of thousands of passengers stranded ahead of christmas >>> danske bank sinks. the second profit warning in three months amid a huge investigation. >>> the santa selloff hits europe open in the red on the last trading day after they sink to fresh 2018 lows. >>> what a take away german food delivery business to takeaway.com sending shares in both firms sharply higher. >>> good morning and welcome to "street signs. the uk transport minister says the chaos at gatwick caused by drones is not terror related the government investigates who is behind the disruption that shut down london's second biggest airport. they confirmed flights can open safely today and promising the safety of passengers on site gatwick expects 700 departures after authorities have drone >> reporter: going no where. more than 100,000 passengers with flights delayed or canceled because of one drone flown near one of london's busiest airports police snipers deployed to take it down. troops called in to hunt for the operator >> this crying has impacted such a huge number of people. >> r

danske bank cut its forecast for 2018, blaming the markets long and ending a year dominated by scandalcidedly weak note. denmark's biggest bank said it will reach 15 million kroner, down from of forecast range of 16-17,000,000,000 kroner. it comes as they deal with the fallout of multiple money laundering investigations. nike surged in late trading after reporting strong trading china,h america and being the forecast $.46. this is their first earnings report since the controversial ad campaign featuring colin kaepernick. nike ceo said the ads drove an uptick in engagement. qualcomm secured another victory over apple, gaining a ban on some iphone models in germany. the court agreed apple is infringing qualcomm intellectual property on an energy-saving feature. the devices will still be available up until christmas is qualcomm would post a bond of $760 million to cover apple losses if the ruling is reversed. that's your bloomberg business flash. nejra? nejra: debra mao and hong kong, thank you so much. the blame game is heating up mud hedge fund -- amid hedge fund closures. the latest co

deutsche bank, danske bank, metrolink, clydesdale. we're not going to love and or 12 times.nto 2018 with significantly higher ratings. taplin estimates were unrealistic, frankly -- topline estimates were unrealistic, frankly. global investment bank, that's a big miss. we're getting more of what is appropriate for revenue expectations. that said, we're not without headwinds. anna: also in the banking sector, alan, revenue expectations may have come down. they might be cheap, but they have the appetite for the banking sector. but: they are very cheap, also really cheap in the notice dates. --gship jpmorgan, 3% euro yield, 2% buy back yield in that. you don't need to come to your find it -- europe to find cheap banks. in terms of equity by us or the u.s., no need to play. where we do think you're overcompensated still is financial credit, the idea that -- youational banks can overcome satan in terms of europe -- you overcompensate in terms of yield. get paid a heavy coupon along the way, rather than risky equity dividends in europe. anna: one of the big headaches for the bankin

deutsche bank and danske bank arm of the biggest losers.the ranks of the world's leading merger advisors while deutsche dropped out of the top 10. after a year which saw crashing valuations and a heavy dose of pessimism,ybe even are the days in a better place for 2019? joining us now from london to discuss is jonathan. because we are focused on going with thend dance go scandal, let's start with european banks. are they better off now that new lows this year of in legal fees and turning revenues? jonathan: in terms of our starting point for 2019, we are trading less than eight times one your forward. ear forward. --ske and the entertainmen anti-money-laundering. i would much better be where we are. somewhere where catalyst are more difficult identify. matt: are they european banks in a worse position than u.s. banks? positive still more expectations for the u.s. economy next year, plus, you have a higher interest rate environment. animal spirit just seem stronger. jonathan: yes. the biggest problem is interest income. across europe, you loo

if you look through the red lens you see the portrait of the woman if you look through the blue danske you see the skeleton it takes about four hours to create some mirror like this one in same fifty one street art has been widely accepted. he's invited to take boston international festivals i'm just getting more and more commissions. for example from the likes of the movie and spine thing. at first glance you see the portrait of a woman the ruins are revealed when you put on the three d. spectacles. oh yeah that's a lot better you can understand the sense of it and the picture really fits the name of the bar but without these glasses you can't really tell that. but that's all part of the artist's concept in saying fifty one enjoys the varying reactions. one of the things that they deal with is that people can't really see the second layer or understand exactly what's happening but that's also something that they really like about this technique there's all these background behind that piece and it's not what you see it's not what you get. deficit that is began as a street artist in hi

the criminal investigation into alleged money-laundering at dots danske bank has led to the first arrestosecutors say it is highly likely more people will be apprehended in connection with the inquiry. beenbal energy trader has fined by china. they ordered the confiscation of $54 million. the ruling came at the end of the case against a former ng who was jailed for 12 years. the shanghai lunchtime break, half an hour away from that. this is what it looks like at the moment. the hang seng down. what has been driving things lower per the .hanghai composite down csi, 300. hong kong banks, interest rate hike coming through. raising rates. this has affected these banks. they would have to suck up the difference. it would affect their margins. down about 1%. bank of east asia, moving to the downside. stocks, ifroperty they do pass on the hike, there they go. fears affecting this asset class. look at that. up about 23% at one stage. company lookthis like they will be coming to an end. what macau fears about the renewals of licenses affecting u.s. gaming companies. ♪ >> 10:29 in new york. in hon

anske shares dropping -- danske shares dropping. are talking about here, electrical explosion lights up new york. eerie blue light in the sky. let's start with blackrock. this was interesting, about the sponsors versus liquidity providers. etf's versus asset managers and their really bad year. >> it is in some ways emblematic of what has been happening across the industry this year. products have continued to swallow dollars from investors but not as much as last year. you are seeing a slowdown because investors are taking risk out of the markets. also the pressure has continued to mount. blackrock is doing better than a lot of competitors because it has a range of offerings from passive to active to technology, where the solely active managers have been collaborative this year. kathryn: active managed funds must be doing worse and when investors come back to the market, those continue to underperform in terms of mutual funds. etf are more attractive with lower fees. peggy: the stock and bond pickers of the world have been under pre

shares of danske bank the lowest level in five years. they issued a second profit warning.how the european banking sector fared in 2018 bigger losses than in u.s. financials some of that is due to specific political stories playing out across europe, whether it be italy or brexit. back to you. >> thank you very much >>> dow up 64 points let's get to sue herera for a news update. good morning, sue. >> good morning, carl, good morning, everyone. president trump is looking at removing u.s. troops from afghanistan. no decisions have been made, two defense officials tell nbc news that the white house has ordered the pentagon to draw up plans for a full troop withdrawal among other options. news follows secretary of defense jim mattis' resignation after disagreement on several issues trump tweeted he was retiring, but he hand delivered a letter of resignation. >>> tonight is 30 years since a plane exploded over lockerbie, scotland, killing 270 on board and numerous people on the ground memorial services were held thursday in scotland to remember the victims, most of whom were ame

the country plus denmark britain and the united states are looking into payments made to denmark's danske a bank at its estonian branch between two thousand and seven and two thousand and fifteen those detained were former employees of the bank and police say the number of arrests will likely go up a russia iran and turkey have failed to agree on the makeup of a committee to rewrite syria's constitution and help in the war and foreign ministers met the outgoing un special envoy for serious the funded must order in geneva they're aiming to get a committee together by the beginning of next year so they can pave the way for elections and a lasting political solution in syria. a yemeni mother unable to travel to the u.s. to visit her dying son has gotten special permission to do so she is banned from entering the u.s. due to the travel restriction on the on mostly muslim countries placed by the trumpet ministration john hendren to travel to oakland in california to talk to the two year olds follow. here in a california hospital the u.s. travel ban his left a two year old motherless as a rare

danske bank amongst the biggest losers. legal troubles and challenging management.ear we saw a heavy dose of realism. are the banks in any better estate for 2019? here is our senior eu banks analyst for bloomberg intelligence. run us through the biggest winners and losers of the year. were there any winners? >> the winners were the banks that were flat. related. the losers, commerzbank and deutsche bank, the estimate -- the m&a interest dissipated. i would not bet against something happening this year. something like metro bank in the u.k.. french are another area that have underperformed considerably. we have obviously got this good news in regards to the italian budget. you have created this. this is about italian banks. they have been making progress. have they been rewarded on the equity side or the debt side? is it reflected yet? >> not fully, no. the problem with the italian banks is you have got another 600 billion to clean up. the revenue side is pretty ugly. fees and commissions is a bit of a horror show. they are still too high for 2019. 2020 as well. manu

danske bank added to investors' woe by cutting profit forecasts for challenging market conditions.the estimates to the equivalent of $2.3 billion, down from $2.6 billion originally. the cfo said conditions worsened in the last three months, by don scott underlined -- dance get -- danke's underlying business remains unchanged. financing backing from hillhouse capital and wealth management in addition to investing investors. they are capitalizing on smartphone adoption in india, and has seen market topping $2 billion. is supporting $330 million into its struggling carrier, ruling out the revival of plans to serve the airlines. the bid to make air india profitable comes after the failure to attract bidders to privatize the operation. air india, with $5 billion of surviving onn taxpayer handouts after losing money for years. >> coming up on the next hour, talksacific economists tel about risks facing the region going into the new year. the likelihood of the trade tensions would be resolved before early march as we get the revolution of those tariffs. also the japan and korea market ope

more trouble for danske bank.llion, capping the year in which the bank landed at the center of europe's worst money laundering case. goldman helped raise money. authorities are investigating whether any of the $600 million raised float into the investment banks subsidiary in singapore. the deal struck between the president of mexico and bondholders this week to stop construction will still result in a $5 billion loss for the country. that factors in money previously spent on the project and the cost to demolish what is already built. david: thank you. itsresearch is out with intelligence year in review. they focus on three key features for the future. they focus on ai and quantum computing in 2019. we are welcoming dario gil. upput these three elements that you have identified. take us through them briefly. causation and correlation, learning to trust ai, and quantum computing. dario: we looked at the progress we have made, and one key aspect has been the ability to train neural networks where we give them example

." >> the criminal investigation into alleged money-laundering at danske bank has seen a series of arrests former employees have been taken into custody accused of accepting or paying bribes. say in time, it's likely more people will be apprehended in connection with the inquiry. >> the trump administration is readying to lift sanctions on a russian billionaire after reaching a deal on a significant of his ownership. we are told the move will happen in the next 30 days unless congress blocks the plan. of budweiser has of alcoholranks veterans looking at the cannabis industry. they are conducting a search into nonalcoholic cannabis infused drinks. each will invest up to $50 million in the project. decisions about commercialization will be made will as marijuana edibles not be legal in canada until next year. that is really a summary of 2018 for you. >> that's true. more consolidation in the sector. next, facebook tumbled after news is shared more data than users thought. they spoke falling within 7% in the last session. we will assess all coming up next. this is bloomberg. ♪ ♪ there's no pl

it is reported that they processed an additional 31 .illion euros for dansk a bank this is the moneyurope. additional 31 billion dollars in euros processed by deutsche bank in that scandal. their stock is down almost 4%. eso partners is said to form a new committee to make a bid for about $4.6 billion this year's holdings. -- for sears holdings. they have about a 74% stake. buying himself? david: he is going to sell it to himself. it is so complicated, i cannot figure it out. alix: they are going to form a new company. what? real estate is good. questions than answers. coming up, back from a day off in u.s. markets. it could be ugly into the open. we will break it down and find some value. this is bloomberg. ♪ i am here is what watching. how ugly will the selloff get today in the market? lowsutures off but off the of the session. joining us is brad mcmillan, commonwealth financial cio. are there buying opportunities today? toi would probably wait start buying. i think the selloff is probably overdone to on the other hand, and might be a while before things calm down. alix: do you nee

danske bank shareholders began with high returns. the narrative around the nordic bank took. just before christmas shareholders had to digest another profit warning. came days after police say they detained 10 former executives in the dirty money scandal. good morning to you. when did investors realize things were going wrong and what do they need to be most afraid of? say. is exactly as you 2018 has been a remarkable year. they started from such a position of strength. the money laundering scandal hit and it was really around about july, it had been burbling in the background in local media. in july, a report came out that the figures involved were so much bigger than anyone expected. from then on, it kept getting worse. in september, the bank did its own investigation and revealed what it said was a full-scale diversion. the bank has taken some dramatic steps to clean things up. what is the status in terms of getting a replacement for the chief executive? tasneem: they have received a bit of praise from local regulators for being so draconian. they have removed the ceo, the