manus: was thomas gottstein not radical enough?omas was taking over one of the most challenging periods of credit suisse and put us back to a more stable underlying platform, but now it is time to move on. tom: manus cranny speaking to the credit suisse chairman. the stock is gaining 1.6%. he was very diplomatic about thomas gottstein but this was a man who oversaw a stock fall 60% for credit suisse. what do we know about the new ceo? his credentials, background, how much confidence will investors have that he is the person to steer the ship? manus: he is a 20 year veteran who has worked at ubs and credit suisse. he is running one of the smallest businesses that credit suisse, the asset management side. does he have experience? yes. is he culturally a good fit? yes. we saw the lack of cultural fit that turned on to gently and --is he really what this needs? the chairman said we will not cut and run but do a deep strategic review. this is what the market will really question because you need to be convinced this is a new ceo nds to

gottstein gone.dit suisse replaces it ceo as the lender and barks on another turnaround after reporting a third straight quarterly loss. microsoft bounces after sales beat forecasts. meta up with earnings next. markets see another 75 basis point hike today. treasuries tread water while the dollar dips. let's get an up-to-date picture of the asian session. it is 6:33 in london. asia is down by .3% as we work our way towards the fed, let's not lose sight of the fact. nasdaq futures rallying on the back of those tech numbers. we had positive numbers in terms of the microsoft outlook. resilience in advertising when other competitors had been anything but. so expect that rally in tech. ftse futures are moving higher. we will look for what dax futures are telling us and the euro is up .3%, but that is a small bounce in context of the substantial losses we saw yesterday on the back of news around gas. let's get to some further breaking news, french corporate's, this time danon. we saw positive responses to

this comes down to more challenges for thomas gottstein.e will catch up with him later in the month. do you think the narrative job cuts, restructuring, is the narrative going to build that thomas gottstein's time is limited? >> investors must be losing patience. the company said this is a year of transition but with the stock down 39%, touching a record low last week, time must be running out. the call for changes must be increasing. dani: thank you very much, russell ward in tokyo. a quick look on the markets. i think is a story that dominates equities, unable to rally as forcefully as earlier on that potential china relief on tariffs coming from the u.s. manus: you have nasdaq up 0.5%. what needs to happen? is the tariff rollback enough in itself to embolden risk assets? if you look at the rates market, short end where the twos have moved. that is where the real risk is, according to aberdeen. you have to be more surgical and check on the short end. dani: more bloomberg to come. this is bloomberg. ♪ anna: good morning, welcome to "bloomb