Which most ceos sounded positive in some aspect of the business. Is where we are on the s p 500. Some Tech Companies leading that higher. We had alphabet coming out, very positive for the markets today. Some conflicting headlines on gilead right now, though i will say, different tests for different things. Some tests prove some things, other tests fail. That doesnt mean it wont be a tool in the fight against covid19. Thats for sure. The 10 year yield at 59 basis points. We saw a little bit of buying after the gdp data. We were obviously expecting a terrible number. Crude is trading a bit higher, but at 15. 46, nothing to write home about. A slightly comber vix today. A slightly comber vix today. Guy guy the Banking Sector one of the bestperforming here in europe today as we continue with the European Bank reporting season. Deutsche, standard chartered, butlays all trading higher, still bracing for the full impact of the virus pandemic. Heres what some of the executives at some of those
Utx and Speaker Pelosi we have oil ceos at the white house later this afternoon and a pivotal day as this sba loan program tries to get off the ground, just an incredibly monumental challenge for the banks, government and Small Businesses that will apply im hopeful i know theres a lot of Community Banks up and running to do it theyve started. There are a lot of some very interesting smaller online banks that are ready to go well hear from Brian Moynihan from bank of america about whether theyre ready to go. Its been hard to understand i know i had to hire someone to understand it. I think that a banker can make sense of it. Theres a lot of money coming to people it would be a huge mistake for someone with two employees, three employees, to not immediately go to the bank the money is there you have to get it theyre ready with the money thats what i think. David . You disagree yeah, im here. Im here, guys were trying to establish this rhythm as to who talks in what order i know. I know w
How the sector is shaping up for the condensed Holiday Season, already december 2nd why jack dorsey is planning to spend a big chunk of next year in africa. Well discuss it even if we know nothing about it never stops us no as we enter the first day of trading in december, stocks are looking to maintain the upward momentum following what was the best monthly performance since june the nasdaq was the top performer over the three major indices its november gain was 4. 5 , jim, as we head into 2020, amazingly as that is we have to look at the likes of apple and facebook and the incredible gains and some of the laggards in technology it is hard to imagine amazon is a laggard, it has been performing as has alphabet. I think people should watch jpmorgan and United Health which bottomed at the exact moment when the of senator warren hit its peak i continue to believe like you do, david, it is way too early one thing i would say, there is no reason for jpmorgan to be up where it is, given the
Ceo from november 1, becoming the first female head of one of the u. K. s top lenders. Sterling on the up. The pound jumps after Jeanclaude Juncker says a brexit deal can be reached. The feds funding problem. As callsbank mount for a permanent fix. Good morning, matt. Matt lets take a look first off at the 10 year yield coming down a little bit, but still a 1. 76 . A lot of choppy trading over the last couple days in this week of huge centralbank announcements. It has left us pretty close to where we started. 1. 8 . We did spike to 1. 9. At least we are below that. Take a look at the equity indexes here this morning. I wonder how the pound moves are going to affect the ftse trading this morning. Dax and cac futures are down 0. 1 . Ftse futures down two thirds of 1 as the pound jumps up against not only the dollar, but the euro as well. What else do you see in the gmm . Anna really interesting on that point. At four 30 yesterday afternoon, as equity markets were closing up, we saw that
Saying low rates are to blame. Basic change are the Interest Rate environment as well as the general macroenvironment we have seen pressure on margin rates and customer activity. Thats why we are not going to see higher revenue and a whistleblower report alleged President Trump abused his power on a phone call with a foreign leader and then the white house then tried to cover it up. Good morning, commerzbank has formally approved the latest overall. My colleague is with us live from frankfurt what did the angels have to say . I had to ask him why now because clearly the Interest Rate part was pretty much clear already when they had their last quartly earnings in august it took them some time to realize what it is going to mean also for their revenue out look. The bottom line is because of the Interest Rates and easing cycle and also the out look in the economy and revenue guidance this year was too optimistic i had to ask him why now and whats the biggest drag. Take a listen to what he