taking a look at rbs. say too much, because we will hear from manus cranny, who interviewed the ceo, but they did pose a larger loss than estimated as they set aside more money. anna: thank you very much. let's get to rbs. they've posted a larger loss than estimated in the second quarter. the loss of britain's largest taxpayer owned lender was in excess of one billion pounds. manus cranny has been speaking to the cfo. he joins us now on set. manus, you spoke to the cfo. another quarter of provisions. is there any end in sight? this is a messy set of numbers. manus: another set where you look at it and it stirs things -- 450 million pounds for protection insurance, and that is assuming. but this big number we are looking at, 700 million pounds relating to shareholders. the cfo and we chatted about brexit, the bank of england, and we started with the numbers. >> when you break down the numbers, the court business -- the core business is protecting operating profits. but as is typical with us, we are in the m

we will bring you our interview with the chief financial officer of rbs. as investors bet that the fed will freeze u.s. rates until september of 2017, we will preview jobs data and what it means for the markets. the world's largest sporting event starts tonight amid brazil's deepest recession in a century. this is bloomberg. ♪ francine: rbs, the bank majority-owned by british taxpayers, has reported its largest expected loss in a second quarter. they set over more money to cover its lawsuit over a 2008 share sale. manus cranny sat down with the cfo of rbs to stalk about the numbers. -- to talk about the numbers and brexit. bank.are a very liquid our loan to deposit ratio is 92%. we've put on more volume growth -- manus: it is going to squeeze your numbers. the netll squeeze interest margin, but will it help us lend more? no. we have already been lending at a decent rate. manus: if the demand problem, not a supply problem. manus: i think every bank is different. for us, it's probably more of a demand problem, certainly not a supply problem. , theome of the

withoward davies with us rbs.rley a leader of european academics.what is your need to do as they want -- what does europe need to do as they wander through these elections? >> well, i rather agree with clyde; perhaps not a surprise, since we worked in neighboring offices in the treasury 35 years ago. we conceived the same views then. i think he is absolutely on the the european leaders have not paid enough attention to pop in. large part ain failure to capture the imagination of voters in europe, participation rates have been low and in many cases falling. i think the european parliament needs to be read on -- my own view was a mistake to have a directly elected parliament and that we should have built on with peopleliament identify to a greater extent. maybe that should come back on the agenda. meetingthe leaders today should ask themselves that kind of question, not just technical issues about when to begin article 50, because that is not the biggest problem they face. francine: thank you so much. the dollar is

and coming up on "surveillance," we speak to the rbs chairman harmon davies.is bloomberg. ♪ francine: markets are up this morning. let's head to the bloomberg with nejra cehic for your asset check. nejra: we are european equities rebound from their biggest weekly slide. the stoxx 600 up almost 7/10 of 1%. i thought it would bring up gr are, because what is interesting is that we are seeing those hawkish comments from the fed vice chairs stanley fischer feeding into the performance. commodity producers as the worst performers, down almost 2%, largely because of a stronger dollar. seeing banks and insurers as some of the best performers, because of course the prospect of a fed rate hike this year, the probability of that increases along with a stronger dollar, higher rates good for banks and insurers. carmakers are the best performers on the weekly euro versus dollar. and the calls leading the gains -- it is the best performer on the stoxx 600 in terms of individual stock, it has risen as much as 12% and this of course is after they received approval from nation

francine, you have more on rbs.nings came a day after the bank of england cut interest rates to a record low 2.5%. u.k.nor mark carney told banks they have no excuse not to pass the rate cut on to customers. for more on how the latest boe decision will affect banks, let's get to mark gilbert. great to have you on the program. we spoke to you yesterday. i was surprised that marconi was so adamant, saying we will not go into negative rates. the banks keep arguing they are not lending because there is no demand per he says there is no excuse -- there is no demand. he says there is no excuse not to pass it on because i have cut rates. mark: he got angry. when he was asked about banks, it was all most like he was staring into the camera lens and talking to the ceo's of british banks and daring them not to pass on -- they are behind. their business model does not work. the deposit account rates do not work. they cannot make money with rates this low, and it is not clear how they are supposed to stimulate demand in this en

atus: you and stevens, cfo rbs.onduct in litigation which is the perennial issue for all of the banks. for rbs, conduct in litigation billion -- 2.8 million pounds. to get your ppi request in, you have now until 2019. thornton 50 million pounds is what they estimate it will be -- 450 million pounds is what they estimate it will be between now and 2019. the profit misses. the estimate was for 806. one other piece of news is williams -- that is off the cards. it is a trade sale. they spend more than one billion pounds to get that ready. we know what all of the rumors say. anna: they will not ipo it as they say. he responded to what mark carney did. let's talk about what other news . well -- william hill giving us their earnings. 2016said the euro tournament generated a total 36 million pounds gross. immediate priorities continues to be recovery of their online business. the impact of brexit on the u.k. economy is unclear. talking about falling mortgage volumes and a slowdown but not something you would call a recessio

rb 'somebody just needs to come forward. yeah.' bensons mother and sisters march to not only heal their wounds... but also to support bensons three year old daughter, emonnee. eb 'love him so much.' she was just a baby when her dad died... her life... bl 'who is that on your t-shirt?' eb 'my daddy.' ...now incomplete. but as the family releases balloons... and passes out fliers offering a reward for information that leads to an arrest... theres still hope. bb 'i know someone is out there. if they could just take their mind back to august 2nd, 2013 and come forth with the information the family is offering a 5- thouasnd dollar reward for any information that leads to an arrest. reporting live at mpd hq, bl, fox6 news. the family of 3-year-old jayda handy is still reeling. car and killed at her birthday party. it happened around 2 saturday afternoon on the city's northwest side. family tells fox 6 the little girl was excited her grandfather had arrived. she ran across the street at 84th and marion to greet him-- and was hit by a pass

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what does that mean for the rbs?of th how quickly the banks will pass this back to the consumer -- we looked at that. they were a little bit reticent to say. the one thing it means is that the longer the bank of england has to have measures in place, they are going to be very displeased if the royal bank does not parse these on the new scheme of hundreds of billions of lending. it will be hard to take. margins going down is one thing. they would have to prepare for a huge loss. we are a long way in many years out from that. wraps up two weeks of european bank earnings. is your take away from all the numbers we have seen? , do not: the buybacks forget we have a stress test. the message from the stress test, regulators are more comfortable with capital. the banks have been saying, those who are growing or reporting better-than-expected profits, they may be stepping away from progressive dividends. there are certainly the haves and the have-nots. there are some who unfortunately seem to be in a never-ending cycle of one

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rb 'somebody just needs to come forward. yeah.' bensons mother and sisters march to not only heal their wounds... but also to support bensons three year old so much.' she was just a baby when her dad died... her life... bl 'who is that on your t-shirt?' eb 'my daddy.' ...now incomplete. but as this march carries on for yet another year... nat 'we cant stop, we wont stop.' ...theres hope it will be a final step toward justice. bb 'i believe that - whoever hear this cry, hear this call today, i believe that they will come forth. family members say theyre not giving up until they have answers. if you have any information about this shooting, youre asked to call milwaukee police. the family is offering a 5- thouasnd dollar reward for any information that leads to an arrest. reporting live at mpd hq, bl, fox6 news. partly cloudy tonight with a low temperature in the middle 60s lakeside, around 60 inland. temperatures will quickly rise into the the upcoming work week. humidity levels will also increase with dewpoints in the upper 60s and

shares of rbs, royal bank of scotland, slumping. it posted a loss of $1.4 billion, quadruple what analysts were estimating. the company says it will take longer than expected to reach profitability targets. the cfo earlier on bloomberg television. >> we again saw some pretty substantial provisions tighten today. some related to ppi. we obviously reacted to the new fci consultation that was out earlier this week. we have taken another 450 pounds of ppi provisions. we would expect that in relation to that new consultation that is a full and final provision for ppi. then there were some additional provisions in relation to some conduct issues in ireland and the 2008 shareholder rights offer. >> besides the allegation for the rights issue? >> we have not disclosed that but it is a meaningful number. >> a meaningful number. ppi disappointed. this is a final number 32 -- through to 2019. >> in relation to the consultation, i would hope it is the final number. >> what you make of governor carney's -- stimulus yesterday, q.e., rfatate cuts?

again trump truck rally and he called it out as having : the r omndy jumped restaurant that listed his rb emlying but showed support from the jamaica plain costomers went to support the restaurant with rave reviews online and showing it goes both ways. >> it's so obvious when someone has a negative agenda they are trying to promote and this is kind of out of the world. >> porter: for the feels like a new threat in a cutthroat business that lives and dies by yelp, hoping that the next time they make the news -- . >> someday, we'll be in the news for the food. >> reporter: christina hager, wbz neunusual find in a ? i feel too young to be this old. >>> we have breaking news that we brought you a few minutes ago about the terrible crash in littleton. a woman, a passenger in the suv has life-threatening injuries and 2 kids were in the car, aged 8 and 9 who were seriously hurt. state police were telling us that a tractor trailer was in the middle lane and swerved into the left-hand lane that clipped the suv and caused it to rollover into the median. we told you traffic issues as cars have been

rbs says legal costs related to a lawsuit over its 2008 shares sales weighed heavily on the results.rview with manus cranny, the cfo said the future will be difficult for u.k. landers. re heading into an environment that is structurally lower. in terms of profitability. for the large u.k. banks. going to make it harder for subscale -- banks. rbs is halfway through a five-year plan to transform itself from a global titan into a domestic lender as the u.k. economy begins to unravel after brexit. mark: europe's biggest insurer missing earnings estimates. second-quarter profit at allianz coming in 50% lower than a year ago. much of that was due to higher claims from natural disasters. the company is holding onto its target for full-year operating profit. insurers are under pressure is low interest rates credit investment returns. -- as low interest rates crimp investment returns. the s.e.c. is interested in the the5 million aid topaid to chief operating officer p here and more than even brian monahan. they chided the lender for not describing what drove compensation decisions. german fac

sharing in rbs slipping after the british bank racks up 2 billion pounds in losses. look beyond the substantial charges for litigation and conduct. >> what we need to do is continue to work through legacy issues. as soon as we can work through those, we'll be a good, strong healthy bank. >> not insured for losses. all yans shares also lower after the german group sees net profits falling. outflows from the bank's asset management business have slowed. >> the pimco team has done a lot to stabilize customer relationship and performance of the pimco funds should also help that we can achieve our second half year results. >> no voe nordisk is europe's biggest loser. narrows guidance due to increased competition in the u.s. >>> and european markets edging a little bit higher after the bank of england cuts rates to a historic low and launches the biggest stimulus program since the financial crisis. >> by acting early in comprehensively, the npc can reduce uncertainty, bolster confidence and support the adjustments in the uk economy. >> hi, everybody. welcome back. it's fri

the random actings of kind rbs taking place throughout the bay area. people say that neighbors helping neighbors is just what needs to with done. >> it appears tropical depression 8 will not cause memory and knowledge problems if our coast. it started moving away but red flags are still flying. officials want people to stay out of the water. high surf and dangerous rip currents are still a threat. we cannot esms enough just because it may look safe to swim does not mean it is. if front, stay out of the water. >> that's the biggested ad vise -- that's the thing. not a whole lot of life guards. >> i've been there. you need to be careful and strong rip currents could continue as the storm continues to pull away but that's the good new. it's on its way out. it's not saying we're in the us. 7 # degrees right now. a live picture from our tower camera. pretty quiet as we do start off our wednesday. no fog here in the immediate viewing area. in the tri angle area. getting to that in a moment. let talk temperatures. 64 now in south hill. 69 in roxboro. 70 in si

back in december they were making a new batch of plates starting with ra and rb, like denise's, but they didn't double check the data base beforehand, they actually created duplicate them before they realized and they told us they are correcting problems as they find them. they couldn't tell us how many duplicates they found. you can imagine the problems with duplicate plates go bay beyond toll bills. >> i could have my car stolen, if a police had occasion to stop her, she might be detained briefly. >> seems like an avoidable problem. >> it is a matter of telling the computer, don't allow duplicates. >> frankly a lot happened. the director didn't know about it bhen we called. they-- when we called. they will follow up with us tomorrow. hopefully with numbers and instructions for folks who think they have duplicate plates. >> weird, thanks. >>> because dumb isn't a crime, yet, they are going to site the look-out mountain spray painter with defacing property. poor tagger never had a chance, someone caught him in the act, face on video. he took a picture of his temporary tag on his car. jef

the dmv mistakenly made duplicates that started with ra and rb. the dmv doesn't yet have an answer for the even additional next viewer whose say they run into confusion over tupelict plates that-- duplicate plates that start with rc. we can't determine the scope of the issue or the impact on those who share a plate w idea what have done or what they could do. >> if you think you run into the same issue, give us a shout, e mail next@9news.com or #heynext. >>> i am really interested to find out why the department of motor vehicles is implementing this rule. >> women in colorado are told a new rule means they can't take their maiden name as the middle similar rule and backed down after criticism. the rule is back and so are the women who feel it is unfair. like jennifer lash, jennifer wild, carlin lee swied. she has a lot of grief from du, even with the legal background, she can't make sense of it. >> i am having an identity crisis. >> she not married and wants to take her maiden name as her middle name. lots of women do. >> i wento and tried to get

latest wisconsin poll shows the billionaire trailing hillary clinton by 15 points, trump says he sees no rb to change his style. >> i don't want to change. you start pivoting, you're not in philadelphia where she avoided questions about her private e-mail server. some want to know why clinton did not face criminal charges. on monday they sent a letter to the dcs attorney calling what they call purgery and false statements made by clinton. the fbi released notes from its interview to clinton to congress on tuesday with the expectation it will not be disseminated or disclosed. clinton's campaign said to the public than to partisan lawmakers saying this is an extraordinarily rare step that was sought solely by republicans for the purpose of further second-guessing the career professions at the fbi. based on the fbi recommendations, the justice department declined to press charges and considers the case closed. craig boswell, cbs news, the white house. >>> "the new york times" reports former fox news chairman roger ailes is helping trump prepare claim. ailes was ousted from fox news last month

government has stake in rbs since the bailout financial crisis. net income tumbles over $20 million at takata . the japanese company has been embroiled in a massive global recall. takata is hoping to churn out a product, but analysts warned it is a difficult task as the company faces class-action lawsuits over its defective airbags. they are responsible for 11 deaths and injuries around the world. apple has launched a bounty program. giant will reward professionals who find security flaws in the features of its defies his -- of its devices. the move comes after a legal tussle with the fbi. unlock the hacker to iphone of one of the san bernardino gunman. venezuela is hoping to boost the global price of oil. the countries oil minister has spoken with the opec secretary-general. president nicolas madero is hoping to ratchet up the price per barrel. and an inflation rate is set to reach 481% this year. all this in the country with the largest oil reserves. efforts for new meetings soon the between opec and non-opec members, with russia at the head, th

murray played well in his debut. (( )) demarco murray/titan's rb;' "it starts from the top coach harps on being a physcial team on both sides of the ball and in the kicking game i think we're try8ing to do those things in practice... there's a lot of work to be done speaking of football... the raiders moving to vegas continues to be a hot topic. over the weekend, dallas owner jerry jones said again, he'd support the raiders moving to the desert... not the chargers but the raiders. and said it would be a smooth move. maybe with the owners, but not with fans. (( )) dan pagan/raiders fan; "i see it like they're my first love, then love runs off with next door neighbor which is los angeles, you're mad, you get a phone call and say honey i'm and say alright all is forgiven, now she wants to take off with another guy named las vegas, i'm not going to get kicked int he you know what twice" ((chris maathuis)) much more on the raiders possible move to las vegas... our 30 minute "raider nation relocation" show is coming up on the 27th here on channel 8. ((chris maai saturday's ufc 202 card featu

>> yes, barclays, rbs, and lloyds are still restructuring, but unfortunately, their u.k.s to face and they do not have more compelling stories. with cac dividends and share buy backs, that is one of the most interesting restructuring stories in a sector. manus: so, let's bring out guest into the conversation from investec. listening to that, there is a very clear reason why you would want to hold hsbc with the standard chartered. there is less brexit exposure and a better restructuring story. do you buy that in terms of the dividend play? i know you like the interest rate side of the equation. so, take us to the u.k. equation in that respect. >> i think one of the reasons why stocks have done so well is because they are dollar earners. overseas investors have been looking at dollar runs in the u.k. i have been really well post brexit. future,: what about the in terms of the bank of england rate cuts to come. this is going to be more pain in terms of load yields when it comes to the united kingdom. is this more reason to get out of barclays and ubs, the companies that rema

reportedly made an offer to buy rbs. its forecastly cut for the economy. .8% post-brexit, rather made the 2.3%ather than forecasted made for next year. is a nightmaret for friends's agricultural industry. this year's grain crop will between percent smaller than usual because of cool weather this spring. catherine viette explains. on thene: blame it all rainy, what weather. grain farmers had never seen such a poor harvest. this farmer says about 40% of's crop is worthless. 600stimates he has lost euros per hectare. >> with this we cannot even cover the costs necessary for the production of wheat. -- thehe department harvesters are still. finishes last parcel harvesting when the sun finally comes out again. a percentage of his wheat, too badly damaged for sale, will become animal feed. he figures he has lost about half his income. >> there will be no income for me personally. i will try to honor my commitments to my suppliers, but i also need help from my bank. but for me, it is obvious i will end up in the red. national f

but that is rb degrees cooler than where we should be this time of year. and this is why. we had a cold front that swept through colorado. ?j((d front has managed to work its way into o forecast just cooler. we're about 9 degrees cooler than where we were. ? friends up in sterling. temperatures are currently in the 40s and 50s down low. it's a little warm tore the khmfag'btyz?the southea in the high country, we're picking c?1 but 70-degree temperatures are nice. this is what goldilocks. not too hot, not too cold. but just right. beautiful blue skies. this dn afternoon, especially when you look towards the west. toward ?p$rl?n???55/?h5r we're seeing that ]t colorado. so that could affect the air quality today. it's going to be on the moderate side. and visibility will be ?zga@? our favorite. especially if you want to be outside. ;hn - around lunchtime, things will be great. country. mainly to the south of i-70. if you're ?fy steamboat springs. sounds like a fantastic idea. r.> but mainly dry, and those clear conditions will take us into you can watch the game on channel 20.

. >>> also ahead on rbs 4 morning news at 6:00, the fords -- also ahead on cbs4 morning news at david was proud to be an american soldier. and i know i'm prejudiced because he was my son, but i don't think he had a mean bone in his body. there is not a day that i don't think about david. when i saw donald trump attack another gold star mother, i felt such a sense of outrage. "she was standing there, she had nothing to say..." one in america think he would respect them. priorities usa action is responsible for the content of this advertising. award winning design. award winning engine. the volvo xc90. >>> hi, everybody. this is the news at 6:00 a.m. a driver smashes into the backyard overnight leaving a pile of rubble and then just takes >> and a big shakeup this morning in donald trump's campaign. >>> plus -- >>> spectacular flames burn out here. >> this erupted overnight. a new california wild fire forces 82,000 people from their homes. a look at the overnight damage. >>> let's look live outside and there's your morning sky. we are in for maybe some more trouble today and wait until

rb fox six news. we're told plans are in the works for memorial services to be held for sister margaret held both in mississippi as well as in the milwaukee area. two juveniles are dead after a car crash friday night near 35th and keefe. while milwaukee police figure out how it all happened -- fox 6 has learned more about the efforts to save the teens involved. family tells fox 6 the boys who died are "latrey l. robinson-hale" and "demetrius batchelor jr." police say two tree. juice rice came upon the tragic scene around 8-30 friday night while going for a walk... and did what he could to help. "i went to the other little guy, he's like 14, tried cpr told him to stay with me, he was trying, and he just died in my arms. he just died on me, so sad." the milwaukee police department tried to revive the two -- but they were pronounced dead four people were in the car. police say the 17-year-old driver of the car and another passenger were both taken to a local hospital where they are being treated for non-

but they need more and jackson is doing what he can to make sure they're all taken care of. (( )) nfl rb; "we want t make sure that veterans and homelessness is not used in the same sentence.. so myself and oithers are coming together to make sure our vets have a place to rest, food to eat and cloths on their back." the unlv rebels open their season is less then two weeks against jackson state. rebels have been opening a football season since 1968. they first played at cashman field. the next year they played at sam boyd stadium. a lot of optimism has rolled through vegas.. each coach with answer. (( )) john robinson/former coach :' any program as it starts up gains momentum with unlv needs a jumpstart to get going and that's usually in terms of people. mike sanford/former coach; "we're just going to look and see how this thing develops and we'll have to make some game time decisions. bobby hauck/former coach; "i really believe that unlv progrma has a bright future. robinson;" this program is just getting starts.. and you did it. u " ((chris maathuis)) i guess that is proof that losing c

larry rountree iii senior rb: try to go out there and get a team win and just be 1-0. start the season 1-0. jamie: visit raleighcw.com to see extended coach and player interviews. we'll see you next thursday for the cw22 game of the join us tomorrow morning on abc-11 for the latest eyewitness news. we'll see you again tomorrow night for "eyewitness news at ten" -- here on >> today on "tmz" -- harvey: nicole scherzinger has done something that has never gotten props in the 10 years, 11 years of "tmz." ? she was singing to her own song. >> as fine as bathing suit. >> it trumps it. >> and it feels natural. she doesn't feel like she's doing it for the cameras. >> no, with no cameras and leg up on a stool shaving, dude. >> they just released video of the alleged robbery that happened with ryan lochte. they go to a gas station. according to the gas station, they go in and it's locked, the door. so they start kicking and like damaging the door. harvey: these swimmers were drunk and defiant. either the security guard or the manager said you're paying for the door, and they sai

trump also visited flood victims in louisiana last week.ng the rb conventio c this weekend, his new campaign manager said the decision toa force the deportation of undocumented immigrants in the us is quote to be determined. trump is scheduled to hold an to ioe us rally at the james a. rhodeses s arena in akron tonight. in akron the doors open at four, while the rally will begin at seven.l. latest campaign staff shakeup.cn a family market that's been a sk part of northeast ohio for 73 years will be closing for good this weekend.t r 73 alesci's on mayfield road will close saturday. brothers tony and frank alesci now run the business, which includes their famous grinder sandwich.n s, which they say the space is now too big, while foot traffic has beef down lately.oot traff alesci's is known for old world quality meats, cheeses, pasta and pizza.y meats they have a catering business the brothers say there's ae b chance younger members of the family may open a new store in the area, in the future.rota family ma we'll keep you posted. we are going to miss them they are fantastic. despite a little

rb rightsizing the fleet >>> we see there's a lot of analyte underutilized vehicles but we can reduce the number berkeley. his rc fleet sitting in idling speed we can reduce our greenhouse gas emissions by a relevant amount of data were getting from that. i also upgrade during the next week and am in the process creating a digital service team. we are actively recruiting for digital service officer. this is all about the public experience. how can we in government better serve our residents, art tourists, visitors >>> is a neat services from the government, a website how can we approve our website so they can get the information they need from a resin with the residential parking permit, whether it's a productivity, but it's a marriage certificate there's much we can do to provide services online so folks do not have to come down to city hall or wait in line to get services they need. so, were very excited about our digital service team working with a private industry, working with customer service looking at a processes how to better streamline them as we don't want to automate a bro

the highest level going back to about a year and a half, 76% the rbs will cut. we could be in for a surprise. have a look at some of these currencies we have been tracking since yesterday. in andll of money coming buying up everything across the emerging markets. bonds, equities, currencies. git is very closely tied to oil. emerging markets, look at stocks, one year high valuation. governmente japanese to talk about the economy discussions getting underway. prime minister abe promising details of a stimulus package. what do we know so far? we just had a few lines from the leader of the junior coalition party and tokyo saying we are looking at this package. of budget in the form measures. the estimate is that it will boost gdp by one and 3/10 of 1%. we have had one extra budget a year. recessions, ax deflationary mindset is very hard to shake. a $150orted we would get cash handout for individuals on low income. $104 billion on infrastructure spending. helpinge same amount of small japanese companies deal with the fallout from the brexit. to put more money into in

initial drop in the immediate aftermath, but hsbc has rebounded quite nicely, outperforming the lloyds, rbs the ratio of sterling denominated revenue, the latter outweighing the former, so the drop in the pound could boost profit at hsbc. rishaad: this is the first time that hsbc's hong kong share price actually come in better than estimates. better, that's right, than the consensus one year target. months,first time in 14 but still down 18% year to date. again, this is due to the asian exposure factor. the recovery is in stark contrast to last year, hsbc suffering double-digit declines. fronts, we have seen something of a stabilization so far this year, but can they hang on to this momentum. the bank has significant presence and hong kong, and the economy here has not been that rosie, morgan stanley citing weakness in hong kong as a reason why earnings today will disappoint. the other thing to look for is how the banks plan to further expansion in china, the opening up of the bond market, key developments to making up the slowdown in retail commercial loan growth and hong kong. rishaad: th

rb at that point now where people are being forced to take excessive risk? >> that is what's happening with the insurance and pension funds. for other people come a generally, they have been relatively sensitive to what's happened economically. the world is not collapsing. too bad of anot way to judge markets. danger is if we are going to an overheating phase end of rates eventually had to move up much faster than what people expect. oliver: speaking of risky business and risk assets, research from bank of america merrill lynch shows that volatility could be set to make a major comeback. for now, things still remain relatively calm as investors assessed valuation. equityelly is an -- this putsnalyst a great lens on how we are looking at companies. i want to highlight the yellow exs, cap ask -- cap across 12 months. here.e this big ride up it has been pretty flat since 2014, but still very high. what do you make of that? a common misconception that companies are not reinvesting in themselves. that is only one way to look at it -- if you look at r&d spending a

rbs global transaction service customers outside the u.k. and ireland.acquired the business and its takeover it is now getting out of it. that is forcing them to find new banks. strapped, $12 billion in debt. familiar with the matter said executives are looking for signals from the company's revamped board on how to proceed. a downgrade would give them flexibility to repay its dividends. borrowing costs would be higher. cars inrecalling 88,000 suv's in america. if you'll problem makes the engine stall without warning. sedan in theks suvs from the 2013 through the 2015 model years. the fuel module will be replaced at no cost. that is your update. mark: let's get to the market desk. looking at earnings losers today. the earnings season is coming to close. we have a couple to talk about. are long on express shares, i suppose you wish you hadn't and because the shares lowest 25% down, its since the spring of 2012. this is largely because of foot traffic. saying that there was challenging foot traffic because a lot of people are going online verse shopping ma

rbs acquired the business is in a takeover and multinational companies were forced to find new banks.t is your update. now to u.s. politics. donald trump has been the center .- a shift of his strategy the economic plan is more an evolution in the. in a described this conversation earlier today on bloomberg surveillance. he is cutting taxes for everybody and importantly, the key part of this is business tax cuts. the economy is crying out for more business investment. why are they not crying out for more? is it because tax rates are too high? regulation pressure? to that solutions problem. a lot of this has to do with the expansion. what washington has been doing and getting rich is controlling the business climate. that has got to be wound down. >> what kind of the -- of advice do you get -- give to donald trump? does he flip-flopped all the time? ?an we trust him are you sure you can trust him not to flip off or change strategy? >> yes. flip-flop is not the right way to look at it. he said at the beginning that he is flexible. that is how you do business deals. you go in and modify t

to the women who know what real values are, be used to check out thee sandusky river bridge in midy rb september, weather permitting.r the drones are expected to makee eliminating the need to use bucket trucks. using a drone will also allow crews to keep all highway lanese open during the inspection.ep a that's a good thing. odot and the highway patrol are also looking into plans to use drones on highways.highways it's something many people takei for granted spending a day atngt the zoo, looking at all of the animals.lo but over the weekend it proved er the weeextra special for a gm avon lake. this young cancer patient got to a behind the scenes tour.at mos. fox 8's maia belay takes us along her journey. you wouldn't know it by looking at her. wouldn this is one tough girl. she is incredibly strong.one isc nine year old lily von glahn isl a fighter.d l fighting to get back to healthy, fighting leukemia. it's been sorry i get a littleee emotional a rough road for her.. sorry. lily's mom heather still gets choked up thinking how far her little girl has come. she was diagnosed with leukem

the biggest loser today along with on south korean won expectations that we will see a on from the rbrsday. yvonne: jack ma looking to ramp up his payment service, but locals need not apply. the offers will be restricted to chinese tourists and ex-pats only. robert is joining us in the studio. they are not targeting european customers, so what is behind the strategy for jack ma? >> it is actually quite complicated for a european ipayomer to get an al account. that is the hurdle they can't get over right now. the reason they are targeting merchants is they can do that now. you want to have as many potential places to shop, you services, and you want that first because the consumers will come later. that is about building scale in terms of who its customers currently have can use. yvonne: how important is europe when it comes to alibaba and alipay? it is a greenfield market. they have made inroads into the united states. you can use alipay if you want to stay at airbnb, hire and uber, shop at macy's. it is complete greenfield opportunity there, hundreds of millions of potential consumer

the mets picked up rb editor jay bruce amory acquired pitcher jonathan needs from the pirates.ome the yankees rallied in the first game of the subway series last night. and the yankees won six to five. they worked out of a major jam for his first save this seizing. a good night for max kessler. 32 run homers and six runs leading the twins to a 12 way and over the cleveland indians last night at the 12 player with three homers. joe mauer went four for four. andrew miller making his first appearance of cleveland after being treated sunday from the yankees. nicole: writer with a sense being lucky fans. before you head out the door, the pitcher tuesday forecast. maria molina is here. she knows that's going on. >> all kinds of active others starting out with monsoon season, which is kicked up across states like arizona and into new mexico appears so dealing with the rain out there. portions of missouri at the very heavy rain to tell you about out here. we have seen three inches of rain come down across portions of missouri over the overnight hours in the forecast to continue at your