The u. S. And china agreeing to meet next month. Stocks, as you saw, reacting positively to that were going to talk abdomen goldman shrinking the partner ranks. Interesting story. Up to a dozen executives reportedly negotiating the exit. Is it a sign of a broader shift for this wall street bank . And shares of palo alto, they are up, as you can see the ceo joins us exclusively in a few minutes. Theyre up ahead of the bell, of course, this morning lets start with the markets this morning a chance for jim and i to get back on the same page as to where things stand we also got fairly positive adp numbers. 195,000 private sector jobs added in august. That was above the estimate. The consumer continues to be quite strong in this economy i heard you talking to joe about, you know, were the only ones that talk recession and we got a ten year above 1. 5 again. I thought when i saw its like the bonds also rise i think what weve seen is this endless yield going down versus, say, where the one ye
Expresses himself differently if corbin wins he will destroy those dreams for all our children the u. K. Media class arguably things it is jeremy hunt dreams of downing street that it destroyed but away from the tories life in one of europes most unequal countries goes on but now with poverty policy is not only threatening the most vulnerable the u. K. Bankers too in the past 48 hours Deutsche Bank has sent scores home with a hug in an envelope in a cab as it slashes nearly 20000 jobs who better to give us a transatlantic perspective than the founder of sky Bridge Capital and to me scaramucci better known for his role as Donald Trump White House Communications Director he joins me now via skype from new york at the thanks so much for coming on before we get to arguably more vital issues who knows what do you make of the sacking of 800000 from Deutsche Bank people being sent home this week from the city of london well look if you study their financials you know we have 12000000000 under
Thank you for watching bloomberg surveillance. The stocks europe 600 down a touch. A lot of the focus is on the jay powell. You can see the u. S. 10 year yield at 2. 10. And we are looking at the pound. Boris johnson is the person who will probably become the Prime Minister and keep saying no deal brexit should still be on the table. We seeing Market Movement with the pound extending. You can see cable at 1. 2458. Coming up, we talk commodities with blackrock at 10 30 a. M. London time. But first, lets get straight to bloomberg first word news. China are. And holding the first highlevel talks since a truce was called in the trade war. Top trade officials are speaking on the phone. Larry kudlow says the initial talks were positive. There was headway last winter and spring, then it stopped. Hopefully, we can pick up where we left off. Ambassador lighthizer and secretary mnuchin are exploring all that. Discussions today went constructively. But its too soon for details. Factories and bare
Expresses himself differently if corbin wins he will destroy those dreams for all our children the u. K. Media class arguably things it is jeremy hunt dreams of downing street that it destroyed but away from the tories life in one of europes most unequal countries goes on but now with poverty policy is not only threatening the most vulnerable the u. K. Bankers too in the past 48 hours Deutsche Bank has sent scores home with a hug in an envelope in a cab as it slashes nearly 20000 jobs who better to give us a transatlantic perspective than the founder of sky Bridge Capital and to me scaramucci better known for his role as Donald Trumps White House Communications director he joins me now via skype from new york at the thanks so much for coming on before we get to arguably more vital issues who knows what do you make of the sacking of 800000 from Deutsche Bank people being sent home this week from the city of london well if you look at the study their financials you know we have a 1200000
The scale of this restructuring which i see has actually taken some of us by surprise the area in focus they have been Investment Banking so it hasnt come as a surprise to selfstyled city analysts according to c. N. N. The bank is firing 800000. 00 people and Investment Banking is something to get out of well arguably it was a surprise this week decrying london employees of the bank founded in the year of the Paris Commune where rustbelt american surprise because u. S. Taxpayers bailed out with more than a 3rd of a trillion dollars labours Jeremy Corbyn leading in the name just to pin him opinion poll is clear about what he thinks of bank because bankers like Morgan Stanley should not run our country but they think they do because the party they fund and protects their interests the conservative party is in downing street. Thats why they want to keep the tories there because their rigged economy and the tax cuts for the richest worked for them corbin seems to think bankers are unpopula