attended zurich and joins us from a pandemic free zurich. let's talk about your travel.t traveling on airplanes? francine: interesting. i see pictures on instagram of empty planes and empty heathrow. actually, i got the different experience. full, full, whole. wearing a mask. tom: are we going to see other banks initiate what credit suisse is doing? francine: the new chief executive is really trying to simplify the complicated structure which spans new york, london, hong kong. he suggested it was something he took from other banks, to align himself. it is interesting. anew cost savings program, new trading business. interview, in the there was talk about, this is partially rolling back initiatives of the predecessor but he said they were also on the same page. clear, at the time, five years ago, they split investment bank and trading business after losing revenue. they are merging them. it is interesting. the investment bank and many banks are providing the ballast that are supporting the institutions as other areas of the banks struggle. what does he see in the second h

francine lacqua reporting on credit suisse in zurich.om: tom keene in new york and howard ward, each of these companies is different. what is the distinction you see in apple computer in 2021? tom, this has been a phenomenal stock. i never would have expected it to do as well as it has done this year. cap,trillion market reporting tonight, revenues, $55 so,ion, earnings $2.10 or earnings this fiscal year up, maybe 5%, 6%, revenues around 2% . growing your business during a pandemic is a good thing which results in stocks being be rated higher than those companies suffering during the pandemic. owns the smartphone market. they own it. u.s.martphone share in with their ecosystem, they have developed incredible brand loyalty with 90% rate of people continuing to own apple iphones when they're are ready to get anyone. massive upgrade when the 5g phone comes out in september/october, as many as one third of all current iphone owners are planning to upgrade, according to surveys we have seen. apple will have a nice pop in earnings, next fiscal

and zurich piotr a big show is about to go on stage.in 2 days' time the curtain will go up on last names opera mano. the polish tenor is preparing for his entrance in the 3rd act. so i think in october today's the dress rehearsal a lot is going well but there's also some room for improvement coming up and a lot can still go wrong it's going to have to machine. how well can he judge his own performance of the famous aria. versus the. disco suppose one of the biggest problems for oprah saying is that we never hear ourselves i don't know how my voice. sounds in reality right. this week and that's why it's important to have someone you really trust in the audience such as your wife. i know his voice is very well yet up here i'm at all his performances i listen to his voice i take note of what his teachers sass. myself and what he wants and how to find the optimal resonance and i hear if it was good to see. his wife gave up her own career as an opera singer to support his she's undoubtedly one of the secrets of p.r. tribeca our success. was.

dig into the details of julius baer's numbers, live from zurich next.ater, we will speak to the ceo at 7:00 a.m. u.k. time. this is bloomberg. ♪ annmarie: this is "bloomberg daybreak: europe." i'm annmarie hordern with matt miller. what a start to the week. european hardliners ready to accept 390 billion euros in grants as talks tough over the weekend. at one point saturday, talks broke up between medical and they said they walked away grumpy but they have finally been able to get closer to this fiscal deal. we saw the euro pop off the back of 1.14.trading north matt: interesting stuff. we will be following this closely and as our markets. they are waiting for a deal before the market open. eu officials were looking to get some traction before the market open so it is great we got those headlines right at the top of the program. of course, we are all looking ofward to seeing what kind rescue package comes out of the u.s.. i know you've been following it closely, having spent some time there. will talk about that throughout the program, could be 1 trilli

. >>> oigan, el zoolÓgico de la ciudad suiza de zÚrich tienen un nuevo inquilido, este pequeÑo rinoceronteon nosotrosl [♪] me trajo para este paÍs hace dos aÑos, doctora polo. ¡que era una menor de edad! yo tenÍa 15 aÑos y ¡abusÓ de mi inocencia, doctora polo! - exactamente, pero no es una inocente la muchacha, porque tenÍa mÁs millas recorridas que una... interestatal. mujer: ¡me siento presa! hombre: ¡tÚ me estÁs engaÑando! - ¿engaÑÁndote yo? ¿cÓmo que engaÑÁndote yo? ¿de quÉ tÚ estÁs hablando? ¿esa foto? doctora: ¡ah! - conmigo que se habÍa... - ¡esa foto! ...no estaba vacilando. esta mira la gozadera y... - pero ¡ahÍ no hay nada! doctora polo, ¡eso fue un dÍa que nosotros salimos...! - me entero de que va a tener una exposiciÓn de fotografÍa. y son fotos de mujeres en los baÑos pÚblicos, y estoy yo. - pues, tenÍa que hacer mi tesis, ¿verdad? y tener, pues,

liz: dividend darlings for europe are nestle, zurich insurance, along with basf.salting money overseas now? >> right now, you did a segment earlier about valuations in the u.s., particularly in tech. p-e ratios are off the charts high. whereas in europe just not the case. [closing bell rings] companies with very low dividend yield. i think you ought to take a look there first. liz: yep. well we appreciate that perspective. nestle, zurich, insurance panned basf are your picks. the dow sure fumbled. still up eight points. that will do it for "the claman countdown. connell: that is what we call a major reversal. the dow losing steam in the final hour as california orders several industries to shut down indoor operations. that is effective immediately. we'll talk about that from all angles. welcome back, melissa. i'm connell mcshane. melissa: good to see you, i'm melissa francis. this is "after the bell." the major averages ending off the highs with the nasdaq snapping its three-day record streak at the close, erasing gains after hitting an all-time high earlier. we b

this beauty parlor can cosmetic surgery practice in zurich welcomes between 40 and 80 clients and patients a day of all shapes and sizes. it offers all manner of treatments from face lifts to penis enlargement and everything in between. mythologised christophe berra says botox remains the most popular treatment. specially in the face the wrinkles on the forehead the vertical lines here the crow's feet around the eyes those are the most popular areas. before and we use hyaluronic acid to fill certain wrinkles around the nose and from the mouth to the chin. arjuna confided to. one 5th of his female patients are under 35 some are under the spell of the women who've log about their cosmetic adventures on you tube. here i am at the airport i'm going to get my breasts done. for the bloggers getting cosmetic surgery is almost like a hobby. that encourages others says dr. you know i see many young people they've probably been influenced by what they see in various shows on television or videos on you tube the numbers are definitely rising i know. there are more open to the idea ready to think abou

years researching cement free building materials at the swiss federal institute of technology in zurich cement is responsible for 80 percent of worldwide carbon emissions a more sustainable building material is long overdue landfill founded on construction sites where every year millions of tons of clay based excavation materials are disposed of but when they're mixed with a naturally occurring mineral and water they result in a construction material that's more environmentally friendly than standard concrete walls and call it the cement free of concrete is up to 90 percent. c o 2 production computer conventional concrete and there are advantages that we'd all. like primary of all my to you but come from a place and like the crowd went insane. in some areas in the war but we use construction waste the landfill most of the time and. they have much as cheap to access therefore like and reduce the price of the material. this earth concrete can be processed more or less like standard concrete. but it currently around half the cost. yet lead landreau was inspired by building practices in his

dr richard zurich is the chief scientist for the mars program at nasa as jet propulsion laboratory a lot of things have to happen right right know we fly into the atmosphere we have would he choose the protection but we're also trying to slow down so that we can land softly. we're talking about a very different scale of endeavor we're landing a metric ton down on the planet today we think for human missions to get stuff down on the surface that they can use that they can be there for a long period of time that means 4050 metric tons that's a lot of material today we don't know how to land the mars one has come under critical fire for their project primarily due to funding issues and for reports of recording the mission for reality television show. in march 2015 c.e.o. basilan store took to you tube to respond. they are currently selling our documentary series to international brawls costs or there's no deal in place yet but it's looking very promising there's a lot of interest when we really fill you a good criticism about our mission because it helps us to improve our mission also t

. >>> now to the deadly tiger attack at a zoo in zurich, switzerland. a siberian tiger mauling a handler inside its enclosure while horrified visitors watched. the victim later died. the zoo now saying the handler should not have been inside that enclosure at the same time as the animal. >>> when we come back, the special bond between a flight attendant and a graduating teen with autism. with autism. when the world gets complicated, a lot goes through your mind. how long will this last? am i prepared for this? are we prepared for this? with fidelity wealth management, your dedicated adviser can give you straightforward advice and tailored recommendations, with access to tax-smart investment strategies designed to help you keep more of what you've earned so you'll know you're doing what you can for your family and your future. that's the clarity you get with fidelity wealth management. for spending a perfectly reasonable amount of time on the couch with tacos from grubhub? grubhub's gonna reward you for that with a $5 off perk. irorks exploding) uh, "fif

we discussed the results and the outlook live from zurich with the ceo of abb. this is bloomberg. ♪ anna: welcome back to the european market open. we are 45 minutes to go until the start of the cash equities trading session. european equity features point a little to the downside. earnings season continues. engineering company abb has beat estimates for the second quarter. the company is seeing some improvements in orders in the first quarter but still expects revenue to be strongly impacted. let's go to manus cranny in zurich. manus: good morning. we have the ceo with me here. hisrn rosengren, it's turn this morning. bjoern: thank you for having me on the show. manus: the iconic brand that catches my eye, these margins are what the market will focus on first of all. 10.6%. but that in context. bjoern: when we went into this quarter, we knew that would be challenging. started -- also communicated that before. now we think we ended up with a margin that is better than we expected, but mainly driven by strong cost mitigation and all our businesses, but also in ex

joining us from zurich for his first interview of the day is zeno staub, the ceo of vontobel. me first about your outlook and really your visibility right now. i know it has been difficult past few months, but i think starting to solidify a little bit in terms of your outlook? all, first of operationally we've always been crisis.t throughout the looking forward from a market flighttive, there is a on the one side between the risk of the second way of of the health crisis and on the other side, interventions from the central bank and from the governments who have propped up markets and trying to help the economy get through the cycle, is centralrent view banks and governments will help get economies through the cycle and we will continue to build from there, but there is significant remaining health risk. differently across the world, but serious needs, serious follow-up. this morning you talked about the record low interest rates that will confront investors. how does this impact your strategy? is confirmation of our strategy. we have very decisively developed more moderate fi

from zurich,s now speaking to the biggest ceo's in switzerland.he dividend seem the main drivers this morning. how important are they to the ubs narrative? apart from many of the others, all the regulators around the world held back from bank dividends. if ubs can get back to paying the tail end of 2019 and begin the conversation about buybacks, a possibility but not a commitment. everything has to go according to plan to deliver these aspirations. million.sses, $272 uses thehe ubs model u.s. accounting system, you are around $672osses of million. a lot has to go right to get the dividend buyback in place. very briefly, what about the trading side of things? this is not an investment bank, i want to remind everyone. .icc, 118% you may say barnstorming, it is in that context, but nowhere near morgan stanley. it is a cracking number. and a wealth management presumably. 61% of their clients will change their portfolios. there is a wealth management coming, and it comes at the election. anna: thank you very much, manus cranny live on the ground in zur

sea to continually drop cloud increases rain falls in the sky in the middle of july and in 19 in zurich for example there is still warm weather run if it's going to be warmer in spain and portugal but receptive that far and italy and some parts further east is still in the thirty's just about you can see from the color background this is really an area could consider the rest presby warm milk about grade for example 29 degrees but even here as the front goes through the cloud the rain invade down to 19 by saturday the average is 20 downs we're dropping 10 below average hence the disappointment south of all this rain is falling properly where it should in cameron $128.00 maces and that's 33 hours of thunderstorms but those storms are generally drifting slowly west woods so we got a concentration for example in guinea and maybe southern mali the next few days. stories of life. and inspiration. a series of short documentaries from around the wilds. that celebrate the human spirit against the odds. to form a foothold. al-jazeera selects changemaker as. the on. the the way. hello again i'm m

the zurich stock market where stocks have been located and stocks are on the flat line today. taking you to ab foods you've got the little brown bag. they've reopened 153 stores in the uk stock prices have moved up 4.6%. wirecard, that stock falling again down 27% we've heard news of a raid on the headquarters and more from members and the ceo. >>> to the ongoing surge of new coronavirus cases in the united states the country has seen the second highest increase amid the outbreak and the president's visit to one hot spot. we have that and other top stories. >> vice president pence's visit to arizona comes as that state reports new record cases and deaths arizona officials reporting 5,000 new cases. the vice president praising the work of medical workers and support for the governor pence will talk to cnbc exclusively at 10:00 a.m. eastern. >>> president trump restating his believe that covid-19 will, quote, disappear some day. making tha those remarks discussing the economy and he says he would have no problem wearing a face covering in public >>> and fed's bullard warning the

the non-zurich -- the non-eurozone countries have become -- now is the question what to do with thiso group and help to ensure it plays a bigger role again in economic policy coordination, in the , but alsoicy setting crisis management in case there is a problem in the banking willm, and the your group have to play a big role. , and it hasig become quite stressful again. it to thato we get place where it can have that mandate? does it need to come from angela merkel and emmanuel macron? who will give it that power? guntram: it was unrealistic to ask the euro group to sort out merkelferences so when and mike braun were seeing -- merkel and macron were seeing i eye to eye seeing --now that they have come to an agreement, the debate moves back to classical territory, which is about how quickly to reinstate rules to make sure we do not do a premature tightening which i think is a risk and which will require leadership from the your group. also there is systemic banking crisis. it is the finance ministers that are in charge and need to make sure we come to a resolution of a systemic banki

we will break down those results live from zurich next. manus will join us on the show.d see a lot of green on the screen yesterday following the deal on the eu recovery front, but european futures pulling back ever so slightly in today's session. down 2/10 of 1%. u.s. futures unchanged. this is bloomberg. ♪ nejra: good morning from london. this is bloomberg daybreak: europe and here are your top stories. a mixed picture for stocks or doubts amid the timing of fresh u.s. stimulus coming as president trump holds his first virus roofing in months and tells americans to wear a mask. silver jumps to the highest in almost seven years and gold rises towards a record amid uncertainty over a recovery. citigroup recommends etf for exposure to bullion. elon musk qualifies for a $2.1 billion payout as tesla's average market value reaches a milestone. today the electric carmaker reports. seeing some caution and markets today around questions over the progress of the u.s. stimulus plan. you are seeing some read on a headline level in asia. we saw the s&p 500 closing in the green yest

for example, you have 24 in zurich. but in vienna, it is only 18.re area is under the influence of cooling mother. mainly just rain to the north. summer seems to be returning parisemperatures at 29 in and 27 in berlin. in north africa, there has been dust around. but the showers are more telling. they are quite widespread at the moment, all the way through ethiopia, south sudan, as far north as into the gambia as well. it looks like the wettest day will be saturday with sunday seeing the showers pass offshore. then they moved slowly from east to west. ♪ ♪ anchor: hello again. diseases top infectious expert anthony that she says the country could see 100,000 new infections a day if it does not embrace stricter containment measures. the world health organization says brazil's virus infection rate has plateaued and warrants they must seize the opportunity to drive transmission down. the number of coronavirus infections across india has now passed one million. lockdown measures have been reimposed in several states, impacting one third of the population

nestle, zurich, insurance panned basf are your picks. the dow sure fumbled. still up eight points. that will do it for "the claman countdown. connell: that is what we call a major reversal. the dow losing steam in the final hour as california orders several industries to shut down indoor operations. that is effective immediately. we'll talk about that from all angles. welcome back, melissa. i'm connell mcshane. melissa: good to see you, i'm melissa francis. this is "after the bell." the major averages ending off the highs with the nasdaq snapping its three-day record streak at the close, erasing gains after hitting an all-time high earlier. we begin with fox business team coverage. blake burman at the white house. edward lawrence is in washington we kick it off with blake and the latest from the mt.. reporter: melissa and connell, president trump has threatened to pull federal funding from schools should they not fully reopen in the coming weeks. the president would not go that far when he was asked about the situation out in los angeles and san diego, breaking news from this hour,

alain dehaze — who runs zurich—based adecco — says many firms are being forced to turn more of theircause this covid—19 situation has accelerated the so—called digitisation, though it means that companies are really accelerating the deployment of all these digital tools, and it is important that employees are catching up with this acceleration, acquiring the needed capabilities and in a number of cases they are digital capabilities. but mid—term and long—term, this won't stop, so you will see more and more automation, you will see more and more digitisation. people are losing around 40% of their skills every three years, so if you wa nt to every three years, so if you want to stay employable and attractive on the labour market, you will need permanently to up skill yourselves, and that is why everybody is speaking about lifelong learning. it is not because it is a nice word, it is because it is facing the reality that, in the future, starting from now, you need to permanently up skill and re—skill yourself to stay attractive on the labour market. and viewers on bbc world news can see

let's get over to zurich. a standing bys with the julius baer's ceo. >> a very good morning to you. good to see you. here is what we all want to know. activity in one of the most volatile periods in memory. what our clients doing? are they still active with that frenetic energy? >> it has been a very interesting and animated first half of the year. i have been active in the market, but not just during the peak periods. activityeen continuous with a bit of on and off. into the second half, i still think there's a lot of dynamic. what are markets doing? how are those patterns happening in the different countries? it will be interesting moving forward. >> the fx derivatives and the metals, half a billion swiss francs, my question, is that hedging? is that active client engagement? how would you define that kind of number? there is theide treasury book. the treasury book has been revalued with dollar interest rates. on the trading side, we have been benefiting from light quick client activity. to needre you going exceptional volatility again to deliver these kinds of numbers and margins

the ceo at zurich insurance group so a lot of experience outside of aviva, starting her career with commercial union insurance company in 1989. that's an interesting one. just want to bring you some breaking lines. this is a valuing of the spectrum, closing retailer. determined to drive up standards where this is required. an article in the sunday times talked about an article where these essential of distancing rules are not being applied and other issues with regard to standards of working conditions. the company saying they are trying to find the company. jazz well fashions is not a declared supplier so they are slightly distancing themselves from what is going on in terms of the story that was in the sunday times. i think we have some other breaking news coming through on istanbul, something close to your heart, the banning of shortselling. they are saying they are imposing a shortselling ban on global firms. i will mention what is going on with the gmm because the point i was going to make his dissenting game we are seeing an asian markets including the chinese equity market overnight aft

that's from the university of zurich.uch to our happiness as long-term goals. i so believe this. they found some people are better at enjoying simple things like relaxing, watching your favorite tv show or movie, enjoying a tasty meal. other people are wired to let intrusive thoughts get in the way of savoring those moment, they say concentrate on the little things. like keeping a grateful journal about things you're grateful for. i don't want to hurt anybody's feelings, but here at the santa barbara bureau last night we had a dinner of pasta pasta carbona. that i swear i saw angels, i saw my dead mother, people were singing "hallelujah"y t tab at table. it was that good. you're welcome, jericka. that's an example of enjoying the simple things in life. >> yeah. all it takes -- >> cute dress, new pair of shoes. >> a really good meal. that's all it takes, gayle. and it is national lasagna day. you could do it again, remember? >> yes. that's all it takes for me. talk about enjoyg great pleasures. this is a great pleasure to

normally at this time of day, you will get loads of people flying out to frankfurt, zurich, edinburghdelines? what's the procedure? it's all different, depending on what airline you refer to and! depending on what airline you refer to and i imagine this one was ryanair, it's even selling scratchcards, can you believe! aer lingus, easyjet, simply giving you a glass of water if you ask for one, not serving food and drink, british airways giving you a bag with crisps, biscuits, bottle of water, which you have to remove your mask for but anyone who thinks there is anything remotely compatible between social distancing and passenger aviation is, i'm afraid, completely mistaken! if you do not like the idea of being in close proximity to other people, you don't know, simply do not go flying anywhere yet! it is not a socially distancing experience, particularly in my experience, particularly in my experience, when you get to an airport, you are put on a bus so you are standing like that for 20 minutes when you travel around to the terminal. it's not for the faint—hearted. the terminal. it's n