The President of the Swiss National Bank said the strong Swiss franc was one factor influencing the SNB's decision to cut its interest rate to zero. Martin Schlegel also said that Switzerland was ready to intervene in the FX market if necessary. Schlegel spoke with Bloomberg’s Bastian Benrath in Zurich. 00:00 - SNB interest rate decision 00:58 - Swiss franc, currency 01:52 - Oil prices, inflation, effect on economy, intervention in FX market, monetary policy 04:55 - Tariffs, trade, impact on Swiss economy 0 ...

We know that the industry is under pressure, whether it's coming, whether struggles coming from the US with the threat of tariffs that are impacting consumer confidence or also the downturn that we've seen in China. But there are internal issues at LVMH and that's notably two key assets. That's Dior and also Moët Hennessy.So both of them have been culprits of hiking prices too much over the recent past. And other, basically, what we're noticing is that there's a consumer backlash. Dior, is led by Delphine A ...

On the day where we see nervousness in equity markets, probably driven by what we see in the in the Middle East and the potential for US involvement there. So European futures down, US futures down, but we will be without the liquidity there, of course, because we don't have U.S. trading. What are you watching when it comes to that overall risk appetite story.I think it's going to be an overall direction to stay. We've got some micro themes given all the central banks on tap. So it's going to be exciting fo ...

What do you have with you. If you have multiple friends, new friends right now. They don't know about my personality, so they're staying sticking with me.No, there's a real convergence, obviously, of technologies. This is a guy bought obviously we saw him or her or it a few minutes ago. It can do a lot of different things for sure.But again, as I said, China is really advancing this. And, you know, the GSMA, which is the host of this Mobile World Congress, says that in China, mobile data is going to contrib ...

We've obviously spent a lot of time the last couple of days talking about Iran's ballistic missile systems, their defense systems, their nuclear sites, but not a lot about the proxies. And namely because the proxies have been remarkably quiet, specifically Hezbollah. Why have Hezbollah been so quiet this time around.As you say, remarkably quiet and remarkably degraded. Let's remember what happened back in September when Israel's war on Hezbollah began. They the military capability has almost been wiped out. ...

Speculation rampant the last couple of days about what the US are going to do, whether they actually do want to get involved militarily. Big story from our Bloomberg colleagues overnight. What do we know.Very much so. So the US is preparing for potential strikes. So I think we've got to the point now where whatever the US might do, those plans are in place and they can go instantly if Donald Trump decides that that's what he wants to do.We're still very unclear at the moment exactly what those plans are, wh ...

[CC may contain inaccuracies] It's a soy sauce maker, right. 1.3% billion was the amount raised. Now, as far as this, kudos, our producers were coming up with this headline, was this Yvonne's headline.Saucy valuation coming through here. So when you look at the multiple on the stock here, so we're comparing this to you have maotai. Apples to apples.If you want to talk about condiments that it takes you into the. We have the other one coming up, please, if we can. I think at times I think we're comparing thi ...

[CC may contain inaccuracies] How important is the Strait of Hormuz right now. And even if we don't necessarily see a closure or just disruptions in that region. I mean, massively important, 20% of the world's oil is flowing there and the roughly equivalent amount of the world's gas.What is particularly challenging right now is some of the jamming that's happening on GPS devices and the like, which which is a concern. The Strait of Hormuz is, at the end of the day, the artery through which the world's energ ...

ANNOUNCER: THIS IS BALANCE OF POWER FROM D. C. JOE: WELCOME.THE WORLD WAITS FOR PRESIDENT TRUMP ON WHETHER TO JOIN ISRAEL OFFENSIVELY AGAINST IRAN. PRES. TRUMP: I LIKE TO MAKE A FINALS NAL DECISION ONE SECOND BEFORE IT IS DUE.JOE: WE TALKED TO MEGAN O'SULLIVAN. TYLER: THE CONFLICT SENDING OIL SURGING. WE HAVE A LOOK AT HOW THE INDUSTRY IS PREPARING.JOE: REPUBLICAN INFIGHTING INTENSIFIES. DEMOCRATS SHARPEN ATTACKS. >> REPUBLICANS HAVE MADE CLEAR THEY ARE WILLING TO THROW MILLIONS OF AMERICANS UNDER THE BUS S ...

>> THE FED REVISING HIGHER ITS INFLATION EXPECTATION, REVISING LOWER ITS ECONOMIC EXPECTATIONS BUT LEAVING A DOT PLOT IN PLACE THAT SUGGESTS TWO RATE CUTS LATER IN THE YEAR. I'M ROMAINE BOSTICK. ALIX: I'M ALIX STEEL, WOULD YOU ARE 10 MINUTES FROM THE CLOSING BELL.NOTHING IN THE MARKET. A SNOOZER IN TERMS OF MARKET REACTION, PROBABLY EXACTLY WHAT THE FED WANTED. THE TWO YEAR YIELD DOWN JUST ONE BASIS POINT.SUPER CALM HONESTLY. ROMAINE: RATES STAYING EXACTLY WHERE THEY ARE. BASICALLY WHERE THEY HAVE BEEN AT E ...