And we expect a normalization of that. But you need to remember as well that in our case, we have been working to stabilize, grow the franchise, recover some market share, so what we are pleased to see is that underneath that sort of outperformance in the market environment that we have been in, we have seen really good franchise stabilization traction , client engagement, improvement in clients. We think that bodes well for the future. You are expecting slightly higher revenue for the full year. Not too conservative now given what we have seen in the first half . It it would be james would be a normalization but i think an improvement on last years second half. Again, especially in our businesses, where a year ago, we were going through a restructuring and there was some uncertainty around our people and franchise, so with that now behind us, we see momentum in the core business, and we would like to see a secondhalf performance well ahead of last years second half, but we will see ho
Donald trump orders in and to hong kongs special status well signing legislation to sanction chinese officials. Beijing vows to take strong countermeasures. Earnings season continues. In the united states, Goldman Sachs reports after jp morgan, citigroup, and wells fargo set aside almost 28 billion for bad loans in the Second Quarter. Welcome to the program. Just under an hour away from the start of the cash equity trading day, lets have a look at futures. We do have a lot to talk about when it comes to the Banking Sector and the bad debt story in the u. S. All of that was quite dominant in yesterdays session, but we do have some catch up to play in the europe in europe. Plus, we work in the latest trial data from moderna over in the u. S. That particular vaccine getting some headlines. As a result of that, we see that lifting stocks in asia and futures in europe and the united states. Lets get to some breaking news. Some numbers coming through from burberry. Lets get to those in the f
Coming up for the rest of the hour. The chairman and ceo of train technologies trane technologies, they do hvac. We will talk about how you recondition all of the airconditioning units that we have to allow us to basically eat and drink inside. A really important conversation as we think what will happen as we approach the autumn and fall. What will happen to the service side of the economy. The banks are in big focus. 93 man sachs reporting a surge in revenue on the stocks and bond trading in the Second Quarter. Highlights is our bloomberg wall street reporter. They have a lot of questions about the m a environment. Goldman the lead m a advisor. The backlogn saying is higher, but he expects activity to continue in the next two to four quarters. , but we will see them come back. There are a lot of uncertainties. One question was about the election season. Solomon warned that is a ways away. As we know in the u. S. There are major uncertainties with how largescale deals are viewed among
Not as high as economists were expecting. , it is interesting tom it is interesting, the flows right now. I felt the research over the week and a massive, massive reset of what this recovery is going to look like. This goes to Prime Minister johnson and to your wonderful conversation with the chancellor of the exchequer yesterday, fran. The idea of the United Kingdom seneca the United Kingdoms fiscal policy into the summer and october as well. There huge mysteries out there fiscally for each nation. Francine you have a government in power that should be because they are because conservatives should be more proausterity, but they are also having to deal with this massive coronavirus. Deaths from coronavirus surpassing 500,000, that is moving the markets. European stocks are falling, oil is down. U. S. Futures are not as down but they are fluctuating a little bit. Something i dont look at very often, i want to show you 10year yields, add 0. 65. Going on is something with poland, strength
On the rise ofis infections across the world. European stocks are edging higher along with s p 500 futures. Now, they are pretty much flat, down 0. 09 . Investors weighing scattered signs of economic improvement against the spread of coronavirus. Im looking at eu sovereign bonds, dipping. Treasuries little changed. Lets get to the first word news with leighann gerrans. Hasresident donald trump tweeted video of a man yelling white power. Confrontation was between antitrump supporters and his supporters. Senator tim scott, the sole black republican in the chamber, urged the president to delete the tweet that is fueling accusations the president is fomenting Racial Division after the killing of george floyd. More protests in hong kong as beijing debates a new national thatity law for the city the hong kong executive says people have nothing to worry about as long as they abide by the wall. Residents must avoid crossing red lines. In poland, voters systemsne country, two consideration when