Bloomberg surveillance. Im Francine Lacqua in london. A lot a focus is on the bank results yesterday. Many more banks reporting today with Technology Stocks and apple news. We expect a lot of earnings, and pound weakening, something to keep an eye on. Stocks,ook at european travel shares declining on concern of more lockdowns, but financial shares are climbing. Theyd are today, our active etf, new surveys say active equity funds underperformed in the first half of the year. Lets get straight to the bloomberg first word news. Good morning. Here in the u. K. , Prime Minister Boris Johnson is facing growing pressure to order a National Circuit breaker lockdown. The Opposition Labour Party is calling for increased nationwide restrictions for up to three weeks, after documents revealed the scientific advisors called for that action three weeks ago. The sprint to find a medical breakthrough to contain coronavirus stumbled this week. Eli lilly is the latest company to pause a trial as a safet
Pleading guilty to crimes they may not have committed because theyre the theyre railroaded by Police Officers who give them false information or horrors confessions or because they are afraid of facing you know harsh mandatory minimum sentences and believe that you know the best chance is to just take a plea using every 0 you dont know anything about you know the prison politics in county jail you dont know anything so they put you there with these people in this is how they force you to take deals the u. S. Justice system just like any Justice System in the world a system where 95 percent of the cases are resolved by plea bargain you know its no longer trial system its a plea bargain system the whole purpose of plea bargains from the perspective of a prosecutor raises his conviction rate so prosecutors typically have a high 90 percentile convict. Including those plea bargains. Because of course from a legal standpoint we know that nobody would ever plead guilty to something they didnt
Reportedly uncovering Quality Control concerns at eli lilly plant set to manufacture its covid antibody treatment and apple debuts the new 5g phone line speedier devices, also coming with an even heftier price tag carl, back over to you. All right jim, on the banks this morning, conversation once again about loss provisions. Also about bond trading at goldman. I dont think it is just bond trading. I think goldman did a remarkable job taking some share, which i say remarkable because imagine youre at home, zooming and taking sharefrom others. I do believe that goldmans back to its old ways which is that it is a dry cleaner it doesnt have any risk remember, dry cleaner, what do we do with the dry cleaner give them our clothes and pick them up and they make money. That has been the goldman way until a couple of years where i think it got wayward where it became much more about, hey, lets invest in this, invest in that, no, to me, what theyre investing in, that i really like, theyre invest
A prosecutor raises his conviction rate so prosecutors typically have in the high 90 percentile conviction rates including those plea bargains. Because of course from a legal standpoint we know that nobody would ever plead guilty to something they didnt do and so we agree that i would plead guilty in exchange for a youth already sounds we went back into trial we entered the plea and i went down for a 90 day observation at the youth already in norwalk the challenge is if youre innocent and you plead guilty you better be a good liar you go down there you talk to psychologists and they ask you to do it or you have to say yes because it has to be consistent with everything well how do you do it i mean i didnt have adequate answers for these questions so they didnt they didnt buy it in a sense you know rightly so and they sent a report that was positive and negative report back to the judge. I didnt realize that you 3 would be able to help you and so will allow you to take back your guilty
Treasury secretary triggered more fear than any episode of stranger things. Look at the nasdaq, taking the most outsized hit right now, down 89 points or. 75 . The dow is lower by 142, s p down 20. Our floor show traders are mobilizing right now in front of their cameras to root out the markets hidden Pricing Power players. They will tell you how theyre doing that right now. Just 24 hours after that apple event cameo, verizons ceo is here on the 5g future hes promising apple iphone 12 buyers. What 5g really means to you and me right now and what will it take to get those ultrafast speeds into areas still operating in some cases way back on 3g . Hans vestberg with us in just a few minutes. The Telecom Giant joins us. And spac to the future. A new spac ready to clean up in more ways than one. Former nrg ceo david crane taking his Clean Energy Investment to the public markets. What will it take for him to open up his blank checkbook . We will ask him in a first on fox business interview.