The sun coming up 6 00 a. M. Its wednesday, august 28th. And we have a lot to get to this morning. Including special counsel jack smith trying to salvage the federal Election Interference case against donald trump. Filing a formal indictment against the former president. Were going to bring you excellent analysis in just a moment. Meanwhile, donald trump now says that he will debate Vice President Kamala Harris in two weeks, but the Harris Campaign still needs to be resolved. And well have more details about that the operation that rescued an israeli man who was held hostage by hamas for more than 300 days. That comes as israel launches a broad operation in the west bank with raids and air strikes in that territory. Im Jonathan Lemire along with u. S. Special correspondent for bbc news katty kay in this morning for joe, mika and willie. Well be joined by Symone Sanderstownsend, and mike barnicle, and nbc news capitol hill correspondent, you just saw her on way too early, ali vitali. Lo
Deaths, and germany reports is highest fatalities since april. Brazil is resuming trials of chinas vaccine amid claims the original was political. Joe biden held his first calls with political leaders in tokyo and ellis and dolores seol. And calls for stronger twoway ties. He also wants to meet biden as soon as possible. Korean president moon called for a stronger aligns with the u. S. And said they agreed to Work Together on the virus and climate change. Financial markets in the philippines will remain closed as another powerful storm heads across. At least one person has already been killed. Currency and trading has been suspended. The typhoon is the 21st storm to hit the philippines this year. Winds gusting to 250 kilometers per hour. It is then forecast track towards vietnam. Global news, 20 four hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. Im Karina Mitchell, this is bloomberg. Lets get a look at the
And when blue cross welcome to the program a lebanese government minister has resigned following protests that left one Police Officer dead and more than 100 people injured information minister model. Said she was quitting because the government had failed to carry out reforms our beirut correspondent reports more resignations may follow perhaps the entire government will fall for testers blame their leaders for tuesdays poured explosions that killed more than 150 people shes the 1st Government Official to quit if you choose days catastrophic explosion in beirut but many in lebanon hope she wont be the last. In the hunt that is the point of no return the people are hungry the economy is collapsing the economic financial and monetary crisis is escalating while family children relatives and friends are harmless consumed by grief despair and frustration. Overnight people stormed government buildings and banks in the capital protesters taking their fury out on politicians whose corruption
Ins a draw as they say soccer right now. Jonathan im not sure anyone calls Bank Earnings season the great derby. Darby. Y the fixed trading revenue number. Equity sales and trading revenue. Message fromng the the city ceo. Balance sheet a has plenty of capacity to serve clients. This is the continued message that the Balance Sheet is not an issue, this is an earnings issue. The Balance Sheet is still strong. Tom every bank has different language. 20 some billion dollars of cost of credit. Citigroup and jp morgan lifting a little bit. Wells fargo is its own story. Sonali basak joins us now. We have citigroup out here now i want to go back to wells fargo. How broken is wells fargo . A 2. 4 just posted billion loss. Down to is being cut . 10 compared to . 20 expectations and . 51 where it was before. They are putting up a fraction of what they had before. They are jp morgan with relatively solid results in the face of a tough time. Jonathan is there a broad take away yet for all three . A
Sanctions and claims to the South China Sea take center stage today. Stocks are shrugging it off. The dow up more than 400 points but the big tech is struggling faang, internet names that have been on fire are seeing weakness today. Were following it all 59 minutes left of trade. Certainly weve been all over the place in markets but were up as we stand with the major indexes we have a big line up of guests. In a few moments well speak with shrewsberry, cfo of wells fargo. And Robert Kaplan will join us and well speak with Michigan Governor Gretchen Whitmer an earlier biden endorser as biden lays out more details of his economic plan. Lets focus in on the big stories were watching at this hour wilfred has the highlights ph wilfred, start off with the banks here. The key focus, sara, as we expected it to be on provisions for potential bad loans. They rose from all the banks from q 1 to q 2 and rose more than expected. Wells fargos more than doubling quarter over quarter the big question