we did have those numbers revised higher, as jumana just flagged. the krr ac trading higher.five basis points. the dax and ftse 100 trading in negative territory the big macronarrative today revolves around the news that the u.s. is considering hitting the yurm even union with tariffs it $11 billion worth. this is in the -- on the back of the wto's ruling on european subsidies for airbus at this point nothing has been confirmed. they're just considering it, but investors asking the question this morning whether this marks a turn from the u.s. perhaps away from china, more towards the european union a question we've been asking for quite some time now. let's take a look at fx markets. this is a big week for monetary policy tomorrow we've got the march meeting minutes coming out for the federal reserve. we've also got the ecb meeting happening tomorrow the euro trading about 11 basis points higher this morning just under that 113 level. sterling trading a touch higher as well. about that 130 level brexit, of course, in focus as cross-party talks have yet to yield any breakthrou

as anyone everyone knows is very structured and islam is a very structured religion five prayers jumana friday congregation koran meeting koran study will come ashish in a fasting ramadan together so you put the structure of this lemon you combine that with the structure and structure of incarceration that's a whole lot of structure and everyone's together almost twenty four seventh's you come out into the street and this is from my my experience working inside of the prisons and also and in a city. community member in an inner city community where we have people reintegrating back into the community that structure in many instances completely gone you might find in the morning for the badge or for where a decent number might come together that everyone is going to work this is going to work this is going to take the kids the school boost to going to do this and the other and you might get together and to dream of the friday prayer and so having problems. says. continuity in terms of that structure in terms of the support group and terms of job training to assist the process of reintegr

jumana spoke with him at the spring meeting and asked him whether china was on course for a hard landing take a listen. >> i've heard so many hard landing discussions are not china that, you know, even when i started in 2004 and governor joseph was asked hard or soft landing, he said no landing, and he was absolutely right. i do see that the fiscal monitor stimulus in china is going to work out china is recovering. the trade dispute with china is -- looks like it will be resolved at least on the trade side some of the dark clouds over the chinese economy are disappearing for us at ubs, because we had a strong asia and a strong china presence was the diversification didn't help, but when the economy came down over the end of last year, the recovery that is v-shaped and different shaded emerging markets are already rebounding we're benefitting from that. we're seeing that once diversification across business and regions didn't help us to protect on the down side, we are benefitting it at a different speed from the recovery that is there. i'm not concerned about asia pacific. that is recove

as anyone everyone knows is very structured and islam is a very structured religion five prayers jumana friday congregation kalani meeting koran study will come to shisha in a fasting ramadan together so you put the structure of this lemon you combine that with destruction structure of incarceration that's a whole lot of structure and everyone's together almost twenty four seventh's you come out into the street and this is from my my experience working inside of the prisons and also and in a city. community member in an inner city community where we have people reintegrating back into the community that structure in many instances completely gone you might find that the morning for the badger pair were a decent number might come together that everyone is going to work this is going to work this is going to take the kids to school this is going to do this and the other and you might get together and to dream of the private prayer and so having problems. exist so continuity in terms of that structure in terms of the support group in terms of job training to assist the process of reintegra

the environment by the end of the fourth quarter adding it has measures to mitigate market headwins jumana joins us live where she has been covering these ubs results in detail this morning also talking to mr. armatti. curious what he had to say not only on today's results and how they stack up to expectations, but also on this asset management story that's been swirling around. >> he did flag and warn investors that this was going to be a very challenging quarter indeed for the bank. indeed those results have proven to be the case he had guided down market expectations the results today was that they beat on both the top line and bottom line, but, again, coming from a very, very low base here. just to put it into context, their profit before tax was still down 26% year-on-year. now, their wealth management business, which, of course, is about 60% of where their revenues come from, so the lion's share of the business, ubs, comes in their wealth management business. they're appointed muted transaction revenue was down about 20% there, too some positive signs in the apac region, which is in

as anyone everyone knows is very structured and islam is a very structured religion five prayers jumana friday congregation koran meeting koran study will come to shisha in a fasting ramadan together so you put the structure of this lemon you combine that with the structure and structure of incarceration that's a whole lot of structure and everyone's together almost twenty four seventh's you come out into the street and this is from my my experience working inside of the prisons and also and in a city. community member in an inner city community where we have people reintegrating back into the community that structure in many instances completely gone you might find it in the morning for the badger pair were a decent number might come together that everyone is going to work this is going to work this is going to take the kids the school boost to going to do this and the other and you might get together and to dream of the friday prayer and so having programs. so continuity in terms of that structure in terms of the support group and terms of job training to assist the process of reinteg

lipton as well as ubs's chairman and russian finance minister, just it to na name a few that's where jumanand that's why i'm in her seat >> so many topics getting markets' attention these days. >>> coming up on the show, the leader of israel's two major parties claim victory. benjamin netanyahu looks likely to return to power we'll cross live to tel aviv after the break. there is wisdom in how nature protects and it inspired an all-new toothpaste from burt's bees®. it fights cavities and freshens breath. made with ingredients you can trust. for a smile that's a true force of nature. new burt's bees® toothpaste. >>> welcome back to "street signs. i'm carolyn roth >> i'm juliana these are your headlines the if cuts global growth again blaming trade tensions amid new terror threats from president trump. he now turns to the ecb for hints from mario draghi on how the central bank is dealing with the slowdown in the german economy. >> e.u. leaders are poised to offer the u.k. a second brexit extension, but france wants strict conditions as european council president donald tusk calls for a long,

jumana joins us live from zurich where she's been covering the results very closely it looks as if the market likes what it sees give us the breakdown. >> good morning. yeah, exactly. the stock is up about 3% already in trading on more positive results. just breaking it down, we got a beat on the revenue. we got a beat on the bottom line as well. the market is reacting to that, and also positive signs when you look at things like the c.e.t. 1 capital ratio. at credit suisse are right at the beginning of a share buyback program that they announced to the tune of 1 billion chris frank. if you want to look at the overall performance, credit suisse has said this is the best performance they've seen in 39 months despite a lot of the challenging market conditions as we've heard from other banks across the pond in the u.s., of course, banks bemoans the lack of trading activity there, and many people were looking ahead to this european banking season with a little bit of caution given how difficult the quarter has been it looks as though march was a very strong month indeed for credit suisse.

talked about the growing pressure for banking consolidation during an interview with my colleague jumana weeks ago >> consolidation may be one part of the solution for over capacity and also in terms of profitable for the industry now. in that respect the q1 and the early part of q2 will probably be a better indicator of the need to do such processes. fundamentally speaking, there is a need to create critical mass and more efficiencies in the system >> so you wouldn't rule it out then for ubs >> we are looking at what's going on in the marketplace, and, you know, we have always to assess options, but we are also watching what competitors are doing. >>> all european businesses need scale. santander is the number one bank in the euro zone by value, and maybe two or three by assets we have 2% of the deposits of the euro zone. if you then go to the u.s., you know, the big american banks in an economy that's very similar to ours have much bigger scale this happens across sectors. especially services, right the common services market has to happen soon because 80% of our economy is services, a

as anyone everyone knows is very structured and islam is a very structured religion five prayers jumana friday congregation koran meeting koran study group conversation fasting ramadan together so you put the structure of this lemon you combine that with the structure and structure of incarceration that's a whole lot of structure and everyone's together almost twenty four seventh's you come out into the street and this is from my my experience working inside of the prisons and also and in a city. community mammon an inner city community where we have people reintegrating back into the community that structure in many instances completely gone you might find it in the morning for the badger for a decent number might come together then everyone is going to work this is going to work this is going to take the kids the school boost to going to do this and the other and you might get together and to join my friday prayer and so having problems. existed so continuity in terms of that structure in terms of the support group and terms of job training to assist the process of reintegrating early