Here's the Chart That Challenged Bernanke
Oct. 11 (Bloomberg) -- On today's "Chart Attack," Pento Portfolio Strategies President Michael Pento and Bloomberg's Adam Johnson look at the relationship between the consumer price index and unemployment. They speak on Bloomberg Television's "Street Smart." (Source: Bloomberg)
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UBS's Ermotti Says Environment In 2Q 'Very Challenging'
56:36 - UBS Group AG said first-quarter profit fell 64 percent, missing analyst estimates, as all divisions reported a drop in earnings. Net income fell to 707 million Swiss francs ($741 million) from 1.98 billion francs a year earlier, the Zurich-based bank said on Tuesday. That fell short of the 735 million-franc average estimate of five analysts in a Bloomberg survey. UBS CEO Sergio Ermotti told Bloomberg Television’s Guy Johnson that the issues the bank highlighted in previous quarters aren’t disappearing.