The Senate Confirms Amy Coney Barrett to the Supreme Court. It is earnings galore in europe. Ig oil hsbc, santander. We speak to the spanish lenders cfo. Beach onis, it is a the core earningspershare. 44. Market penciled in 1. When it comes to net sales, they are expected to grow to mid single digits. They are talking about core operating income at a low double digit to mid teens so in terms of the earnings per share, its a beat, but on the sales side, it just comes in below thirdquarter sales. In 12. 4 8penciled billion, so certainly a solid delivery. They are upgrading their core operating income guidance as well. Analyst is parsing the numbers at the moment. We will have he will join the team. That is with jonathan. Bank, the banks have come hard and fast. They beach on their estimates. They said the full year will be around 5 billion in terms of profits. That has improved from 3. 66 on the estimate. Net income, 1. 75, up from one billion on the estimate. Jose joins the team. Emergi
Market another major selloff on wall street. Stocks temably tumbling s p tumbling but check out what happened on the year this has only happened 17 times before going back to 1962. Brian kelly, what does this tell you about the market well, it tells me we are in for some tough sledding, a lot of turbulence. What is interesting, that bonds and stocks did Different Things than they should have done there are a lot of people in the market, when stocks are down and bonds are supposed to be up. They used that as part of their port foal yoan when things get out of whack, they have to balance that. This feels like the end of february, beginning of march gold didnt do well, bonds didnt do well the only class that was up was bitcoin. That seems to be a safe haven. Jeff, what did you make of that when we talk about safe havens, it is not necessarily negative health care outperformed and utilities outperformed so it was the usual suspects but tech not being a safe haven, that speaks to the statis
Thats been going on for a long time that was going on in fact in january and february, then the plunge and the ricochet. Lets look at a few slides to try to prove it, so to speak the precondition of excess you see these bullet points here basically, s p 500 before this selloff this week at an alltime high we know the price to sales, a fundamental on measuring the valuation, at an alltime high the s p 500 is up 42 and the nasdaq up some 57 the precondition of excess, and then the next slide, divergence. As the market is making alltime highs, only 16 of the s p constituents were making alltime highs index doing it the average stock in the s p is 28 below its alltime high. Thats not now thats on monday before we sold off. And then, finally, 46 of all stocks in the s p 500 have no gains for two years. This is the precondition of die divergence and the precondition of excess. So the next slide, what we know is we have a very rare circumstance where the nasdaq 100 drops 10 in a twoday period
The u. S. Could get a covid19 vaccine before the yearend. Astrazeneca resumes its trial after last weeks pause. Boris johnson growing rebellion as his controversial bill is defended in parliament. Brussels will keep an eye on the development in a call with president xi. A. M. 96 billion worth of deals from pharma to tech. What strikes me is the amount of cash being used to do the deals. Good morning. Certainly a number of deals across the sector. The one im interested in his tiktok. Larry ellison seems to have won the race for the u. S. Business. And then there is the regulatory hurdle. U. S. , the European Union, and china. What do trade tensions mean for this deal . Manus the other thing is Larry Ellison and mr. Trump were closely aligned. Why would oracle by tiktok . I want to focus on the structure of the deal. Three quarters of the gilead deal is in cash. Nvidia, 50 in cash. The oracle deal is about the playing cash, but it is nowhere near what it was in 2015. Good morning. Annmar
Time that, in fact, was going on in january and february, and then the plunge and the ricochet. Lets look at a few slides to try to prove it, so to speak the precondition of excess you see these bullet points here basically s p 500 before this selloff this week at an alltime high the price to sales, a fundamental on measuring the valuation, at an alltime high we know the s p is up 42 on a 5month basis and th nasdaq up 57 . The precondition of excess the next slide, divergence as the market is making alltime highs you see here, of course, that only 16 of the s p squint constituents were making all time highs the average stock in the s p is 28 below its alltime high. Thats not now thats on monday before we sold off. And then finally, basically, you see the number there, 46 , half, after all stocks in the s p 500 have no gains for two years. This is the precondition of divergence and the precondition of excess. The next slide, take a look. We have a very rare circumstance where the nasdaq