Silence. Bloomberg will be covering those events through the morning. Alix 18 years. In the markets, you have seen the s p hold steady, but the churn beneath it has been quite staggering. A huge, unbelievable shift, added momentum into value since value weeen into have seen since 2009. Youre seeing some buying in the bond market. Yields down by about two basis points. Over in europe, couldnt decide on a bond bear or bull day. Time now for the global exchange, where we bring you the market moving news from around the world. Joining us are bloombergs enda curran in hong kong, in london, emma chandra, and Michael Mckee joins us in new york. The Hong Kong Exchange made an unprecedented 36. 6 billion offer for the london talk exchange. Bloomberg london Stock Exchange. Bloombergs enda curran has more. Enda obviously this is a very ambitious corporate transaction. , itably more importantly would be a real test of Investor Perception towards hong kong. Remember, this raises all kinds of questi
commonwealth. the senate gop primary. hedge fund guy dave mccormick and trump-endorsed tv doc dr. mehmet oz locked in a tighter than tight battle. look at that. just 2,600 votes apart. the trumpiest candidate really not endorsed by him kathy barnette trailing despite what looked like a late surge and people were concerned she might actually win, or could win. cnn projects doug mastriano, a champion of the bogus big lie of election fraud, in 2020 has won the gop governor s primary there. and talk about high drama. as cnn projects john fetterman wins pennsylvania s democratic senate primary. he is exactly where he didn t expect to be right now, though, watching from his hospital bed. he s recovering from surgery to get a pacemaker today after he suffered a stroke on friday. and then there is north carolina. that s where madison cawthorn has conceded to chuck edwards. the 26-year-old cawthorn conceding after multiple scandals, everything from bringing a loaded handgun through a
All right. Im the assistant managing editor for politics at the los angeles times. I do lots of work usc and even though im a berkeley grad, i manage to come to usc all the time. I was just here for fest valve books over the weekend. Thank you for being here. I hope its been a great conference. I have actually been on maternity leave. Im just finishing up and going back to work next week. Its been really interesting for me to sort of absorb President Trumps first 100 days not covering it. Im looking what the my colleagues are doing and all the analysis here is very important for everybody at this marker. So without further ado, im going toinlt deuce this panel. Starting with robert english. Hes an associate professor of International Relations here at uc and he previously served as a policiantively for the department of defense. Joel pollack, am i pronouncing that correct sfli hes the Senior Editor at large for an in House Counsel for brightbart. He also is the awe thofr a book you may
All right. Im the assistant managing editor for politics at the los angeles times. I do lots of work usc and even though im a berkeley grad, i manage to come to usc all the time. I was just here for fest valve books over the weekend. Thank you for being here. I hope its been a great conference. I have actually been on maternity leave. Im just finishing up and going back to work next week. Its been really interesting for me to sort of absorb President Trumps first 100 days not covering it. Im looking what the my colleagues are doing and all the analysis here is very important for everybody at this marker. So without further ado, im going toinlt deuce this panel. Starting with robert english. Hes an associate professor of International Relations here at uc and he previously served as a policiantively for the department of defense. Joel pollack, am i pronouncing that correct sfli hes the Senior Editor at large for an in House Counsel for brightbart. He also is the awe thofr a book you may
Shrink the feds Balance Sheet. David . David were goined by mr. Campbell who covers banks for bloomberg and alice williams. She was a banker for Morgan Stanley and u. B. S. Lets start with the numbers because they broke 15 minutes ago now. Theyre basically up across the board according to estimates and last year. Mr. Campbell thats right. Really what this is about is the expense story. It looks like thats our initial read, noninterest expenses are lower than analysts had expected so bank of america did better on that. Credit cost provisions are ower than analysts expected. Thats a good story. People may have questions on Revenue Growth. Bank of america came up short on Net Interest Income with Interest Rates rising a bit during the quarter. Theres interest there. Bond trade chg was going to be there were a lot of good expectations for bond trading this quarter. Bank of america came in short on that. David focus on the trading because it came in low. As you point out the Fourth Quarter