bernard hodler, the ceo of julius baer. ok, there you go.is the first curtain raisers of the ceos. have a good time. don't break anything while anna and i are away. the bloombergget business flash with juliette saly in singapore. ryanair posted a new percent drop in first quarter profits. it also warned that sporadic walkouts from trade unions are starting to make customers hesitant to book flights. who wasarchionne, replaced at fiat chrysler is reportedly seriously ill and in intensive care according to italy's news agency. the 66-year-old's unexpected decline came from applications following a shoulder surgery. he has been succeeded. amazon's u.k. head has reportedly said that they could be close to civil unrest within two weeks if written lease the european union with note deal. the london-based times said the warning was given at a meeting on friday. u.k. the first business to issue such a stark assessment to the threat posed by a no deal brexit. that is your bloomberg business flash. yousef: thank you, juliet. let us get back to this pa

exclusiveing you an with the ceo of julius baer. we are less than a half-hour away from the european open. index futures are down across the board. we have some pretty deep drops. 50o stocks -- euro stoxx futures down. and dax futures down more than that in frankfurt. we could see a negative open this morning. we had a mixed trade in asia. mm.e a look at the dmg we see the equity indexes across asia. gaininghinese indexes actually with hong kong having little change. forex -- that is where the focus is. take a look at the yen. 110 point 92 against the dollar and that is on the big change or the perceived change in boj policy over the weekend. they did go into the markets to try to put a stop to that perception. and you see the brazilian radel moving as well. equity androm the forex columns, what you see when you go to rates and commodities -- japan again. the story here today. movedack ox means it has more than three standard deviations away from its 90 day square. the 30 year is up 8.5 basis points. that is where you want to keep y

i think julius baer has a grip on it. francine: thank you.erro of harris associates stays with us. questions on tv to david. ♪ phones have made our lives effortless. streaming "must see tv" has never been easier. paying for things is a breeze. and getting into new places is even simpler. with xfinity mobile saving money is effortless too. it's the only network that combines america's largest most reliable 4g lte with the most wifi hotspots and it can be included with xfinity internet. which could save you hundreds of dollars a year. it's a new kind of network designed to save you money. click, call or visit a store today. francine: this is "bloomberg surveillance." tom and francine from london and new york. tom getting ready for his big trip to london next week as we track the president's arrival in europe, brussels, nato, then on to london, possibly scotland, then helsinki. this is what is trending across the universe. the 45th president of the united states, the real one, and a 20 foot high inflatable version that protesters will fly d

julius baer down. they are bringing in new money it is not enough to ease concerns of the market as they have a new chief executive. we are seeing a trade lower. we just heard from abigail talking about fiat. i want to show you how trading is doing in your. we're getting new chief executive's. a standing down of the european leader of fiat. he will not be there to hold the hand of mike manley. our afraid oh out of the law is leaving as he was overlooked for the position. leavingdo altavilla is as he was overlooked for the position. technology is doing poorly in europe. rival is picking up 3.4%. this is one of the worst days 2016.os since picking up new consumers in the u.s. and cheaper labor in india. i bring you bonds, what a day for japan, what a day in terms of we might see a movement from the bank. that is what is happening in european bond trading. in -- yield drive higher spain, ireland, france. japanese investors look for yields. these key bond markets. will a change in the boj drive them away f

. >> julius baer group switzerland's third largest wealth manager has boosted net new money in the firstf, in line with the company's target. >> where are you finding these bankers? which is the geography giving you the best yield? >> it is asia, the middle east, and it is europe. the main reason they are attracted by our platform is the business model. it is a model that the private bankers like because they don't have to push our own product only. >> banco santander second-quarter net income beat the highest of analyst estimates. santander says the spanish bank is confident they will achieve its 2018 goals. >> this is the first of many quarters we saw positive loan growth in all our developed economies. obviously, we continue to see strong growth despite the elections in mexico, the uncertainty around mexico and the elections in brazil we will have in october. we also saw healthy growth in latin america. this is obviously on the back of positive growth in the number of loyal and digital customers, which grew in places close to 20%, but we have seen particularly in europe a better quart

it is good for julius baer because we have more interaction with our clients and i feel very comfortablet. this time last year asia yielded the best inflows ever. how is asia holding up given the china market meltdown we have seen on the equity side of the business? asia is holding up nicely. a quarter of our assets are managed in china, 100 billion. we have seen a bit of deleveraging in asia in some areas, ainley in the fixed income areas. clients leveraged in fixed income and leveraged with loans are more cautious. the tone i hear from the clients is a bit more cautious. they are also looking at the geopolitical situation and the trade tensions but overall things are holding up quite nicely. target was to make asia 30% of the business over a five-year carrier road of time. are you still sticking to that target? currently, it is about 25%. of course, it depends on how nicely we grow in other areas ourdefinitely it is one of most promising growth areas we have and we continue to invest into asia. inbe you saw the transaction march where we did quite an interesting venture in thailand wit

ubs.e they still go to ubsef: we have heard from and also from julius baer in the last 24 hours.e bank results continue to trickle in. is there a common thread you would point to? filippo maria: one big question clients see as the potential for escalation? they need to understand what to do with their money. we could see some clients be more conservative as opposed to taking out more loans and growing their capital. theme. a common briefly, deutsche bank results tomorrow. will there be some sustainable profitability? filippo maria: it is too early to say. it is a relief that we have not had a profit warning from deutsche bank. this time around, they could not meet the cost target. the figures have been elusive for them. for profitability, it is complicated. we need to wait a few more quarters. nejra: thank you so much to filippo maria alloatti. if you have a bloomberg terminal, you can follow all of the commentary and analysis on the second quarter earnings of ubs. this is bloomberg. ♪ >> good morning from dubai. live from bloomberg's european headquarters, these are today's top