Thats when the government issued an emergency decree saying that any group over 5 was illegal and thats when we saw that clearing out process that led to this empty street behind me yemens who the rebels are released to us citizens in exchange for 250 fighters a swap is the 1st of several prisoner exchanges expected in the coming days between the Saudi Led Coalition and the who these fighting is escalating between armenia and azerbaijan the as areas say they have destroyed missile launchers that were targeting their cities the armenian government denies its forces have been firing into azerbaijan. Protests are continuing in cyprus against government corruption they follow an aljazeera investigation of senior politicians who were willing to sell separate passports to convicted criminals a scheme was run to attract Financial Investment in exchange for citizenship the government has now polished the program. Europe is battling to contain a 2nd wave of coronavirus germanys imposing tougher
Expectations, both stocks falling. We mentioned somebody was listening in on the Conference Call and it caused that trader to hit the sell button we wont tell you which trader it was just yet. Tim, it wasnt you what did you make of the Conference Call . I think you have a case here where clearly the numbers on the headline looked fantastic. But what was really causing that, that was about provisions, that was about credit quality. Which, its strange because we were complaining that we were fearful that the banks had bigger credit issues that were being possibly seen on the headline and therefore they were putting aside the major reserves what jp morgan look, that beat was a combination of some very strong Investment Banking and fic business but alsos the provisions that came down. Thats something we should everyall be encouraged about with banks bus i think there is more where that came from. But there was some sense this was the only reason. Net margins fell 14 basis points i think ba
I see london, i see france, i see you in your underpants i always hated that diddy when i was a kid but you know what . It perfectly describes todays actions. Sellers caught with their pants down tipping just. 15 . Yep, this morning investors saw london and they saw france, not to mention milan and madrid. Specifically the europeans getting hammered as covid back on the continent they figured wed import those losses from europe so they furiously sold their stocks to get out ahead of the weakness. Many of these jokers probably trading in their pajamas the feet with the dr. Dentons. Panic pretenders here dumped shares at a 10 1 ratio, meaning there were 10 shares for sale or down for every 1 share someone was trying to buy. Now the late, great mark haines, one of cnbcs finest, always used that 10 1 ratio to call bottoms, including the generational bottom that he nailed in march of 2009. When the ratio sellers to buyers is 10 1 hed say you have to hold your nose and buy because that kind
The Political Panel weighs in on that plus a new poll showing a real conundrum for voters in the story that blew me away, we will introduce you to a 15yearold business owner, a 15yearold business owner. All that and so much more on making money. Charles washington spending trillions of dollars again to help the economy, a lot of the economy has already come worrying back and in the process the rich have gotten even richer, everyone else seems to get more better and moreover blaming capitalism saying it did not curve the debt and come up with solution needed in the age of coronavirus. Affords headline says capitalism is failing us just when we need it most. In ap news headline, from the pope, marking capitalism has failed and pandemics means reform. Many of the critics of capitalism have never been fans but the jobs disappearing in 2020 is giving them a much bigger soapbox, is capitalism fading and how does the narrative change, lets ask a champion of capitalism, steve moore, they are c
Quick look at the weather. Good morning, liz. We have a lot of stratus out there, the low clouds as we look at live doppler 7. Youll notice up into the north bay weve got the fog. S also along the peninsula there and thats going to setup a pretty good sea breeze. 3 to 4 miles Half Moon Bay. The airport is reporting fog and hazy conditions in livermore. The worst air quality right now through 7 00 is up in the north bay. Going through 2 00 it lifts further north, so were looking at slightly better air quality, we get into that afternoon sea breeze and those winds continue to push the smoke up into the north bay throughout the afternoon, the overnight hours. And your sunday is going to feature some warmer air and some lighter winds. Still with a spare the air alert both days. Weve got the unhealthy air along the Central Coast and bay today and our had inland east bay as well as tomorrow. 60s and weve got 70s and 80s arriving by 1 00. Inland well make it to about 90. Pretty good weather f