Rp much flat are the much flat. S p futures reporting today. Credit suisses thirdquarter results bringing relief to the banks reputation that was dented by a spying scandal. Bloombergs Francine Lacqua spoke to the ceo. Negative Interest Rates are not helpful to the banking sector. Everyone can see that. It will have to change at some point. Alix joining us from zurich is Francine Lacqua. Walk us through some of the highlights of the interview. Francine first of all, the numbers topline werent bad at all, but if you double down and look at the detail, some investors were maybe a little disappointed on the margin when it comes to wealth. The Global Markets did extremely well. This was a problem for Credit Suisse in the past. Youre seeing a bit of a muted reaction. Share price was down 2. 5 a short while ago because they are focusing on betterthanexpected results in some divisions, but the guidance disappointed. The other big question i tried to press on was the spying scandal. A couple o
Making money. Charles its a huge day for markets. The s p on pace for record close. Were officially halfway through earnings season. Guess what, folks. We are enjoying life. People are buying stuff they dont but what they want. Check out some huge winners from earnings season. Recreational vehicles. Snowmobiles. Motorcycles, electric sportscaster. These stocks have made gigantic moves last couple weeks. People sprucing up inside of their homes, rather than the kind of projects weve seen more recently if recent years, where people were making house easier to sell. Were buying furniture stocks. Check that out. They made mon store moves, Mohawk Carpet maker. If youre worried this looks like 2007. This time were not buying stuff refinancing our hours three or four times and using the credit card. Scott, im loving the action. Forget about how Many Companies missed a beat. Im looking companies react. Mohawk through the roof. Winnebago through the roof. The stocks dont move unless people have
Can netflix latest bet be enough to turn around the stock weve certainly seen Stranger Things it is friday, september 27 Worldwide Exchange starts now. Good morning, good afternoon, good evening im Brian Sullivan our motto is always, you can have your cake and eat it too. Some of this years moat notable ipos and performance since debuts smile direct down 44 . Lyft, and uper down, slack, down peloton is down. Not a pretty picture something well be talking about. More on that coming up that is just a small slice ofov overall market futures gaining steam. They are up 70 points. We say we are within 2 . We are the dow is 1. 8 from alltime highs. Eight of the dow 30 have hit one year, multiyear or alltime highs this month eight of 30 hitting that high in the bad month of september we are seeing a mixed trade in asia shanghai up, japan fell. 7 . Rosier in european markets europe kind of plugging along. They are gaining. 4,. 5. Now to the place that is driving the news that is driving stocks,
The omega Family Office. Nice to see you we just welcomed a conversation on stage. You just heard the Vice President who is on stage now describe the economy as booming, the stock market as near record high the fed cut Interest Rates yesterday. All makes a lot of sense. The administration wants even more what do you how do you make sense of it . Look, japan has had negative Interest Rates for 3 1 2 years what has it done nothing. Europe has negative Interest Rates. Their economy is doing very poorly the Vice President cited a bunch of factors, in of which on my list, Consumer Confidence is up, retail sales Strong Economy growing at trend, corporate profits are decent Corporate America if they were pessimistic, they wouldnt be buying back all the stock theyre buying rates are already low. I pity the poor guy or girl thats worked their entire lifetime when they go to their Financial Planner and ask for advice about retirement. How can they afford to retire . Theres no income. Good luck b
Loss of two big generators. A clampdown in hong kong, as twitter and facebook block its emerged Jeffrey Epstein signed hundreds of chinese accounts who they accuse a will two days before killing of spreading misinformation. Himself in his new yorkjail cell, while awaiting trial on sex this is how the markets look across europe, all of them picking up on a rally on asia and wall street overnight except the market in madrid which is down just a shade. And well be getting the inside track on a plastic alternative thats creating a real sting in the kitchen. Well hear be speaking to the firm thats made a fabric out of beeswax to cover up your leftovers in the fridge. And do you click collect . Or clicked forgotten or not bothered 7 a british survey suggests 1 in 7 purchases are left behind with customers saying its too much hassle. We want to hear your click and collect stories. Get in touch. Just use the hashtag bbcbizlive hello and welcome to business live. The thing with click and collec