Some pessimism over in europe. The bond rally echoing what we saw yesterday in europe. Yields down by about four basis points. Bank earnings are kicking off this morning. Beats onp reporting everything except equities and trading. Sonali they did not be dont Equities Trading, but they did beat on fixed income, so that is good. They want to be the number one Equities Trading shop, so not beating there is not a great sign. Average loan growth a little sluggish. Jamie dimon put some notes of caution in the initial statement, saying that Consumer Sentiment might be strong, but generally a lot of weakening sentiment here. In the initial statement, they dont give the outlook for Net Interest Income. However, if they revise downward once again, they already revised downward last quarter, that could be a big deal as well. Alix Net Interest Income is 14. 23 billion this last quarter. Walk us through what we did now. Billion . Ed it to 57 to 57. 5he revised it they revised it from 57. 5 billion
These are your markets we are getting some data. Manufacturing pmi coming in better than expected. Little bit ofa optimism when it comes to the stoxx series the stoxx 600. Treasuries falling with the bonds. U. S. Looking daughters holding dollars holding pretty steady. Coming up tomorrow we speak to the Goldman Sachs chief executive, david solomon. Meantime we will speak about euro markets. As get to the bloomberg first word news in new york city. Viviana Prime Minister Boris Johnson has apologized for failing to deliver brexit by the deadline. Speaking to sky news he took responsibility for the failure but blamed parliament for refusing to back his timetable. One concern for his riot one concern for ryanairs ceo is the upcoming election may not decide a thing. My fear is this election would result in more delay. That could be good in that it means it means the transition to continue on ad infinitum. The economy needs to see in into this uncertainty. Viviana over to hong kong where 200
226. Os to the left, the ayes have it. Prime minister must now comply with law. He can no longer use the exit. Of a no deal. Delay. Ll not negotiate a neither does the law compel me to do so. Fromme of the highlights saturdays house of commons vote. Lets check in on the panel. Trading lower than we thought at fridays close. For ajohnson gears up critical week that never made it to the floor. On saturday, he had to ask for an extension from the eu. It will likely allow that extension. 31could see it from october through january 31. I would also like to take a look at what you need to know tomorrow morning when you wake up and head over to your trading floor. Many are talking about elevated volatility across assets including sterling. 1. 22 to 1. 29 from in six days. Are seeing a lot of money pour into the midcap. Will that be something we can see phase out as we deal with it next week . In terms of politics, i want to quickly tell you whats going on. Monday and tuesday, watch out. We wi
Despite recent highprofile stumbles. We head to the auction house for the most expensive sweater of all time, the vintage green cardigan of the late musician kurt cobain. Lets get into some of these burning issues. With me are jason kelly, annie massa, and our other guest. Black rock increasingly catering to this shift toward private markets. How is blackrock positioning itself . Even the black rock is an indexing giant, they have moved toward investment. One cornerstone of that has been their attempt to raise this longterm private capital fund which they are targeting 12 billion in fundraising for. Lisa how successful have they been . As of april, only 2. 75 billion committed. They have a long way to go before they reach that goal, but they announce their First Investment over the fall. Lisa Erik Schatzker recently sat down with the black rock head of equities. Take a listen. I think we may see Companies Stay private for longer as a result of the availability of that capital, as a res
Years. Look at what has happened. There has been running violence with the police and violence. Police did discharge a firearm into a protester. He is in the hospital. He has been shot in the chest. He has injuries that are not lifethreatening. There were also running instances of civil disobedience and vandalism. This is an entranceway to the causeway bay station. This was a big bonfire and that is what we have seen across the city as the frustration mounted. We are at midnight now. Who knows what will happen tomorrow because there is no solution on the table. There is still ongoing polarization. Thed thank you so much for terrific reporting from hong kong. Stephen engle in hong kong. Not the anniversary president xi anticipated. Now we go to Kevin Cirilli in washington. It seems like every time i open a newspaper there is an extension of the impeachment inquiry. Night the New York Times reporting President Trump had asked australian Prime Minister Scott Morrison about looking into th