Just like year, the unlikely reformer, carter glass and financial regulation. The format today, matts going to talk for however long he wants. We have a few images to supplement then hell take some questions, so come on up. Welcome. Id like to thank chuck and the other people at the Historical Society for having me here today. This is a strange introduction. I had a funny thing happen getting here. I live in chevy chase, maryland, and i didnt want to drive and look for a parking space so i called lyft and they came within a minutes. I was barely putting on a tie, learning how u to tie a tie again and when i get in as he was pulling away, i realized i did not put a belt on my trousers so i had visions of being on cspan with my trousers falling down, luckily, chuck brought me a belt. Youre saved from that, if not my speech. Ill talk for 20, 25 minutes then take your questions. Carter glass was a major figure in American History. A recent writer, richard farley, called him quote, the sing
The s p 500 really getting back to the record highs. What i really want to focus on nowne day, two days, and wednesday, we are giving up the yield surge of the past week, a profoundly for global wall street it profound week for global wall street. Francine i will never forget valentines day of 2020, i think it is the last time i traveled. [laughter] kind of like a milestone i remember. It feels it yields away. Lets get straight to the bloomberg first word news in new york city with karina mitchell. Corrina m a cuts have made it official and nominated joe biden covering up karina democrats have made it official and nominated joe biden for president. Meanwhile, the Trump Administration sees a path to a pared down 500 billion stimulus deal. Bloomberg learned the package will eliminate the biggest area of disagreement between democrats and republicans, would include money for the postal service, and money for businesses to keep workers employed. Pelosi suggested democrats might agree to a
We spoke this morning and we dont know how much they are paying for this vaccine supply. We dont know whether they will have the right vaccine so many questions on how administrations and i ministers at access to vaccines for their citizens. Tom the virus dynamics are just particularry, make note of the glide path of texas and south carolina. In new york city with our first word news here is ritika gupta. InsistsMitch Mcconnell that businesses, schools, and other organizations be protected against coronavirus lawsuits which is talking down talks over a new stimulus package. Changes inding that Liability Law be included in the legislation. House Speaker Nancy Pelosi says that shows he is not serious about a deal. Federal reserve policy makers will focus on how to jumpstart a rebound from the recession. Almost certain to keep their benchmark rate the same. The fed will make a statement at 2 00 p. M. New york time. Jerome powell will make comments 15 minutes later. Amazon Ceo Jeff Bezos p
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
Barrier. Softbank is said to be planning deep cuts at the vision fund which could affect 10 global staff, souring bets on tech are takingke their toll. Haidi a mixed start to a politically driven status when it comes to the markets today as we get that precedent being set with that security bill as well as greater considerations over what kind of reopening and second wave issues we are seeing across the rest of the regions. We are seeing new zealand markets starting off the day with tepid gains. The session looks a little bit more muted for the rest of asia. We are seeing japanese futures as well as Australian Futures pointed a little bit higher. Those in hong kong seeing retreats. The npc is being i to be passing the Hong Kong Security eyed to be passing that Hong Kong Security bill. The u. S. Sees 100,000 deaths. We are watching the oil story, seeing whether this pause in the rally will continue given concerns about renewed production out of the likes of russia. Shery to our top stor