At the same time, we generated more capital through earnings. Thats why are ratio is 12. 5 . Talk to me about the merging of the two units. What is the reasoning behind that . The Investment Bank merger is something weve been discussing for months. Even my predecessor, it was already a topic. 2015, clearlyn the two had to be separated. We had to restructure the trading business. Are at a stage or we can put them back together again. Most of our competitors have it anyway. This is not a cost exercise. There will be some cost benefits. Its really about having one overriding business to have one Investment Bank globally, one equities business. A Global Trading solution business, which build on our success. It serves our equity, fixed income, transactional business for the private bank and institutional business. How difficult was it to do this in the middle of the pandemic . Thomas it was relatively good. You get used to resume calls. Zoom calls. We had many internal calls to get this lin
Largest economy in europe for 2019. There are more concerns about the global trade deals than there was yesterday. You can see european stocks pretty much flat. The dollar pretty much a steady. We are getting some data out of germany shortly. We also speak to the dallas fed president , Robert Kaplan at 3 30 p. M. London time. Lets get straight to the bloomberg first word news. Now, u. S. Story for tariffs on china staying put. The Trump Administration is likely to keep them in place until after the president ial election. Any relief is also contingent on compliance. Steven mnuchin and says tariffs wont be removed until the next stage of a trade deal. These tariffs will stay in place until there is a phase two. If the president gets a phase two quickly, he will consider relieving tariffs as part of a phase two. It has nothing to do with the election or anything else. Today, the u. S. And china are scheduled to sign their phase one trade deal. 1 billion is the figure by which jp morgans
Client sentiment was much more constructive in the Second Quarter. Santander shrugs off a weak performance in britain to surpass expectations in the Second Quarter. A profit warning as an auto partsmaker predicts a drop in Vehicle Production but shares drive higher as the companys results remain in line with forecasts. Ams soars taking the Company Higher issuing an upbeat outlook. All right. A very warm welcome to street signs this morning. Lets look at european markets some interesting moves were seeing in the equity space the stoxx 600 is currently more than a third of a percentage point higher we are off to a strong start in the early minutes with nearly all regions in the green the auto sector in particular showing some strength this morning. We had a few different reports come ut. We heard there in the headlines that profit warnings for continentale, but this is not causing investors more cautiousness but driving shares higher across the board. Autos in focus, chipmakers in focus,
We think investors are contemplating today. Netflixs ability to raise price in lieu of rising competition. You saw evaluated churn in this quarter from price increase, as well as its ongoing need to invest in content. The Company Called out their inability to mute their subscriber estimates based on what was seen to be a weaker content slate. So to ask that shows the need to continue to invest heavily in content. Do you think price hikes from here on out are just going to be too hard to do we dont think theyre too hard to do, but perhaps the magnitude we saw in that quarter wont be as large as we move forward and the time between the next price hike might be a little bit longer. Or maybe, john, as one of your sellside colleagues said earlier in the morning, maybe you dont do a price hike in a contentweak quarter yeah. I mean, that was the thing about it like, if you look at it, netflix has beaten 10 of the last 14 quarters, but missed three of the last four years, and two of those year
Afternoon on the air of Andrey Malakhov on the russia tv channel, we continue to tell you about the newest little tricks with a kitchen mixer. I will show you now. No problem, incredible experiments in the studio, how to distinguish from Fake Products that everyone has in the refrigerator and how to cook stuffed cabbage in just a few minutes, i know, quick cooking. Hey, i have cabbages here. Uh, besides cabbage, there is also eggplant , tomato and pepper, and also in our studio a countryfamous grandmother will appear, who at 57 looks like a thirtyyearold beauty. She will reveal her main life hack today in our studio with the newest interesting tips. How to make our life easier and easier, but most importantly, more economical. Well, i want to introduce you to our first guest sergey lapteva from chelyabinsk, who turned from an ordinary shoe repairman into a popular blogger who defines highquality products and not very good ones. You can become a shoe repairman by sergei a person who can