Margin. The result is seen as pivotal for the future ties of the nation with the European Union. And u. S. Banks are braced for the worth order since the quarter for the worse quarter since the financial crisis. Jp morgan kicks off a big rank week. Good morning, it is 6 00 a. M. In london. It is getting hot here. With an untamed virus irrationalional exuberance in stocks. It could get tricky. Goldman has upped their view of their earnings. Yall so have the gilead story in terms of remdesivir helping the severely ill despite the untamed virus in florida exceeding the peaks of new york and texas. They are still below consensus and there are deals there. The dollar drops. Two straight weeks of a demolition of the dollar. Yields traded at. 63. Do you buy the rally . Im a believer, are you . Copper is the shining narrative. Copper is ripping it up there this morning. You are looking at the longest 20 16. Streak since is that a wakeup call to the Treasury Department . On willudis turn the sa
And Goldman Sachs reports today after jp morgan, citigroup and wells fargo set aside almost 28 billion for bad loans in the Second Quarter. Its 6 00 a. M. In london, home. M. From welcome back, nejra. I missed you. Lets talk about the forecast for the Third Quarter, thats what everybody is focused on. Third quarter net sales coming in at 3. 6 billion and the estimate was for 3. 8. Third quarter net, the estimate for 3. 8. An are looking at acquisition of berlin glass. , its themargin Second Quarter, 48. 2. The guidance there, 48 on the margin. The estimate was for 48. 1 . Looking back, nejra. Nejra thanks, and its interesting, on that acquisition you talked about, financial details not disclosed yet, that something maybe the market will wait for at some point. A final dividend in the Second Quarter, but its been an interesting couple of days in markets. Manus it has. Who do you put your faith and trust in . Faith and trust in the person at the front of the bus. Jamie dimon says we are
Streak that sauz the shanghai rise 16 yeah shanghai was down by 2 today. Lets see whats happening in the treasury market right now. Yields back down below 0. 6 . We havent seen that for awhile. And joe, still chuckling a little bit about football and why we care this time around not the ivies . No. But anything i see this morning it was eric chemi. I realize out on the cliffs they have that full size cardboard cutout of me so then i was thinking, you know, next week if i dont have like being here some day, i might just put it right here just have something on a loop. Less taxes, less government, more you know a welcome respite plus they got sound theyre going to pipe in sounds like the tesla, you know, the motors i saw that. Theyre going to pipe in fans cheering and i read this stuff and we go, okay i want a cutout this makes sense. Put an entire stadium full of cardboard cutouts. Yes and we all go, yeah, that makes sense. But people would do it. Because i was thinking the camera would
The market in one direction or the other. As of yesterdays close the s p 500 had rallied 865 point off of its lows on march 23. 251 of those have come from five names. That equates to 29 of the gains we have seen in the equity markets and it underscores the fact the market is held hostage by the performance of the make cap companies. It carries us along the upside but also carries a risk on the downside. Tech is nottoday down as much as some others are down. What is going on with bonds and gold . Kailey we are seeing the classic risk off trade, the dollar is stronger and seen as a safe haven asset, and you are seeing a bid into treasuries. The 10 year yield is down four basis points. Coming slightly weaker, off the highest since 2011, a little bit of profit taking. The more interesting commodity is copper. Dr. Copper usually very sensitive to the Economic Growth story. It is higher today as well. That is a mystery. David that is a mystery. Thank you to kailey leinz for that report on t
Silence. Why should my husbands job or yours prevent us from doing this and being first lady should prevent us from expecting our ideas. She and president gerald ford it discussed her experience with Breast Cancer, and so much of a public life struggled with jargon alcohol dependency and confronting it defined her First White House years. Good evening and working to cspan series, first ladies, influence an image. Well tell you about elizabeth of our president gerald floored, and here is Richard Norton smith. President ial historian and we have one of the academic advisers. We have talked about a number of president ial libraries. Among them the Gerald Ford Library in michigan. You developed a relationship with the fourth, so you bring that to the table. In folders closure, i try to be objective as possible, but i was very fortunate to become friends with the ford. I want to start the story where we left off, which is that night in august where they learned we will be in the white house