Well be talking to the winners and losers. And who would you trust with your bank account. We will need one London Digital bank that promises a new way of managing your money. We ask what would be the one thing you change about the bank you use, cheaper loans, better Interest Rates, Faster Service . Let us know. Just use the hashtag bbcbizlive. Hello and welcome to Business Live. Good to have you with us. Banking is dominating the programme today, get in touch with your thoughts. We are talking about europes biggest bank, hsbc. One of the worlds biggest banks, hsbc, has reported its latest set of earnings and if youre a shareholder you are going to be very pleased with what they have to say today. The bank made a pre tax profit of 5. 28 billion in the Second Quarter of the year thats more than the 4. 6 than the 4. 6 billion that analysts were expecting. Hsbc announced a Share Buyback of up to 2 billion as it looks to make the most of its huge cash pile. The move will effectively restri
Johnson johnson and ibm. The winners are the banks, like goldman and jpmorgan and, of course, netflix last night. So the question is simple here. Given what we have seen so far in the companies that have reported so far, have the earnings justified the rally . Guy, what do you shea . I think so. The stocks that have done well are being rewarded as they should be. And there have been companies that have done poorly and theyre getting blasted. Ibm one of those names. But does it justify the rally . Tim has been making this point pretty consistently. In an environment where you have Interest Rates at historically low levels, all be it off the lows, 18 times or so, 18 1 2 times forward earnings after the s p, maybe that is sort of cheap. I still think its a little expensive and i would push back that gap earnings are probably much higher than that, probably closer to 25 times forward earnings. But when rates are this low, i think the market probably is considered. So you brought up gap ear
Thunderstorms that came through yesterday afternoon and maybe gave a brief break. But still. I think it did it cooled things down for the evening. It did and up early felt comfortable. Live look outside of ocean city maryland. Blue skies await and early joggers and bikers on the boardwalk theyre smart they get out before the crowd it will be awesome beach day. A lot of sunshine and this is the time of year the sun angle is the strongest and where the heat is the highest. So, suncreen, water, all those breaks because the heat can become dangerous as well find out with the story coming up at the National Mall. Meanwhile satellite and radar showing departing showers and storms yesterday evening more aggressive than anticipated we have severe thunderstorm warnings. Hail reports, and some really gusty winds. These storms that came through the worst of it up near baltimore. But, fair skies right now. No storms in the forecast for today. It is comfortable in the wake of those passing showe 71
Giants development and Hunters Point has it. Support pdr in central selma we dont think that thats the place for industry to grow over the years this is not necessarily the right location given the lack of density of the jobs in pdr but its important so were looking to make sure that the industrial uses stay in the area maybe the pdr in existing building heres a shot of the flower mart so the flower mart stays there a contingent part we have legislation to protect pdr along main street it allows rail on 16 street and pdr were working with supervisor campos office to protect. Were looking at engagement enforcement its a huge initial were a complaint based city we dont receive complaints for displace of employment but hopefully, well engage people with the pdr that are suspect looking. And finally hopefully to work with the Transportation Commission to study pdr at recreational scale typically in San Francisco were 47 square miles and yet were trying to solve every problem well housing i
Omaha to los angeles to new york city, its not just a clear and present danger to our country. Its also a preview of coming attractions. In other words what we are now witnessing in city after city, they all one thing in common. Theyve been run by liberal democrats for decades. Well, thats what will show up on your front door november if, in fact, joe biden and his team of supporters get their way and their radical stated policies are implemented. This is a new radical extreme Democratic Socialist Party of anarchy, amnesty, complete annihilation of everything thats made this country great, including freemarket capitalism. Its now a party of socialism and in complete denial about violence that you see on your screen every night gripping major cities. You dont believe me . Well, tonight you will listen to jerry nadler. Youll hear joe biden in his own words. These shocking remarks are straight ahead. We begin tonight out west where another weekend of carnage wreaking havoc in the city of