O odssey capital we see stocks higher into a pivotal week for your money. I said one third of the s p reports. You have the big tech hearing on the hill you have a fed meeting you have stimulus negotiations whats on the line i think anything to go wrong with the next trillion, that would be a huge problem. Thats so done deal. Hopefully most of us hope it will be more focused effort. We dont money into zombie companies. We decide on what sectors will survive and try to support those. I think the earnings will be pretty good. Anything to do with consumer is still buoyant and will be intact tech remains the favorite of investors. It continues the grow and allow the economy to function and continues to digitize not just here but globally. Doints see a lot of downside going into numbers i dont expect any intel surprises nap was bad management im hoping the whacking stick will be coming out there when it gets back below 50 bucks, its buying opportunities. Those are the kind of surprises you
Ins a draw as they say soccer right now. Jonathan im not sure anyone calls Bank Earnings season the great derby. Darby. Y the fixed trading revenue number. Equity sales and trading revenue. Message fromng the the city ceo. Balance sheet a has plenty of capacity to serve clients. This is the continued message that the Balance Sheet is not an issue, this is an earnings issue. The Balance Sheet is still strong. Tom every bank has different language. 20 some billion dollars of cost of credit. Citigroup and jp morgan lifting a little bit. Wells fargo is its own story. Sonali basak joins us now. We have citigroup out here now i want to go back to wells fargo. How broken is wells fargo . A 2. 4 just posted billion loss. Down to is being cut . 10 compared to . 20 expectations and . 51 where it was before. They are putting up a fraction of what they had before. They are jp morgan with relatively solid results in the face of a tough time. Jonathan is there a broad take away yet for all three . A
This morning the president s new defense for large scale events after two more Campaign Staffers test positive. Breaking overnight. Violent clash. Protesters try to pull down a statue of Andrew Jackson near the white house. Police responding with batons and pepper spray. Statues in other parts of the country vandalized. Some now set to be removed. Just ahead, the growing push across america to take down the controversial monuments of the past. Standing with bubba. The entire garage area has rallied around Bubba Wallace. A powerful display of unity from the entire nascar family after a noose was found in the garage of the sports only black driver. Wallace moved to tears sending a message loud and clear. I wanted to show whoever it was that youre not going to take away my smile. Those stories plus, back in business. Well take you inside the reopening efforts in upstate new york where local businesses are eager to kick off the crucial summer season. We lived through the hardest part and n
For the first time in three months. It has just gone 6 00 a. M. In london, 7 00 a. M. In paris, 9 00 a. M. In dubai. Who do you believe . Larry says there will be a 20 upsurge in the United States going into the second half of the year. Morgan stanley says we will have a short, sharp recession. A vshaped recovery on the way . It is reminiscent of the great brexit bubble that many people wrote about but never lived. Our next guest talks about risk on, risk off. We will talk about the markets in a moment. Did you have a good weekend . Nejra i did. We can go out shopping again to nonessential shops in the u. K. I personally will not be rushing out. Last week was definitely gay risk off week. Was definitely a risk off week. Andrew shaw thinks that investors should position as such, that stocks and credit will be marginally higher and tighter. Looking at cyclical and value stocks. Wells fargo and ing are among those also seeing the selloff as temporary. Read on the screen in asian equities.
The world. One of the philippines most prominent journalists has been found guilty of libel in a case seen as a major blow to press freedom maria ressa denies the charges brought over an acid or published on her news website raptly that link the wealthy businessmen to criminal activity online portal has highlighted extrajudicial killings and abuses during president ford regard to touch base time in office is expected to appeal against the conviction that carries a sentence of up to 6 years in prison. I appealed to. The journalists in this room the filipinos who are in this. Protect your right. We are men. Of course canary tale we are meant to make you free. Trade so you again. Dont be afraid because if you dont use your rights you will lose them if we dont publish a brazen move to try to roll back the rights guaranteed in the constitution we will lose them. Of a case is the 1st of at least 8 filed against recess since deters i came to office in 2016 these include alleged tax evasion an