By when the world gets complicated, a lot goes through your mind. With fidelity Wealth Management a dedicated advisor can tailor advice and recommendations to your life. Thats fidity Wealth Management. Announcer additional funding is provided by the estate of arnold adams and koo and Patricia Yuen through the yuen foundation. Committed to bridging cultural differences in our communities. The corporation for public broadcasting and by contributions to your pbs station from viewers like you. Thank you. Once again, from washington, moderator robert costa. Robert good evening. Joel bidens search for a running mate ended this week with a historymaking trip. Senator Kamala Harris of california. The choice it captured this moment in the Democratic Party just days before the convention. Biden democrats uniting with a younger, more diverse generation. The first black woman, an asianamerican on a major party ticket. It also captured this moment in america. A quiet room in delaware with no cheeri
By when the world gets complicated, a lot goes through your mind. With fidelity Wealth Management a dedicated advisor can tailor advice and recommendations to your life. Thats fidity Wealth Management. Announcer additional funding is provided by the estate of arnold adams and koo and Patricia Yuen through the yuen foundation. Committed to bridging cultural differences in our communities. The corporation for public broadcasting and by contributions to your pbs station from viewers like you. Thank you. Once again, from washington, moderator robert costa. Robert good evening. Joel bidens search for a running mate ended this week with a historymaking trip. Senatoramala harris of california. The choice it captured this moment in the Democratic Party just days before the convention. Biden democrats uniting with a younger, more diverse generation. The first black woman, an asianamerican on a major party ticket. It also captured this moment in america. A quiet room in delaware with no cheering
Your mind. With fidelity wealth management, a dedicated advisor can tailor advice and recommendations to your lif thats fidelity wealthy management. Additional funding provided by the estate of arnold adams. An the yuen foundation. Committed to bridging cultural differences in our communities. The corporation for public broadcasting. And by contributions your pbs station from viewers like you. Thank you once again, from washington, moderator robert costa. Good evening. This panmic has changed everything. For you, for me, and for President Trump. More than 155,000 americans have now died. The economy has cratered. But as the nation deals with the horrific fallout, President Trump has brought another issue to the fore. The integrity of the election. And this week, i escaped my home office for a day to cover him in action on the road, traveling on air force one to west texas on dnesday, as part of the press pool. Up close, its clear the president is scrambling tort jumpsis campaign, which
In terms of the euro, that is firmly in focus. European leaders meeting in brussels at loggerheads over how to rollout the plan. The offshore currency is essentially flat. The fix is essentially 6. 99. That is what the aussie yen is doing. The u. S. Dollar has ticked up 2 10 of 1 after a number of weeks of weakness. We can move it onto look at some of the commodities in the 10 year. A bit of concern about demand destruction for crude given the infection rate in the u. S. Florida, some policymakers saying the virus is out of control in that state. That will be a concern. 40 for wti. You still have this significant divergence between the 10 year, u. S. And china. Rishaad just getting some news from a motor company. It is secured funding from a variety of private equity companies. What it does show is chinese startups promising vehicles. Attracting funding even as we are seeing the industry having a rough time of it. This is leading to x peng saying the Company Managed to achieve the 400
At the same time, we generated more capital through earnings. Thats why are ratio is 12. 5 . Talk to me about the merging of the two units. What is the reasoning behind that . The Investment Bank merger is something weve been discussing for months. Even my predecessor, it was already a topic. 2015, clearlyn the two had to be separated. We had to restructure the trading business. Are at a stage or we can put them back together again. Most of our competitors have it anyway. This is not a cost exercise. There will be some cost benefits. Its really about having one overriding business to have one Investment Bank globally, one equities business. A Global Trading solution business, which build on our success. It serves our equity, fixed income, transactional business for the private bank and institutional business. How difficult was it to do this in the middle of the pandemic . Thomas it was relatively good. You get used to resume calls. Zoom calls. We had many internal calls to get this lin