Been defying pandemic restrictions to take part in knightly march as a court ruling last week a banned abortions in cases where the fetus has congenital defects. And police in france have arrested a 2nd suspect over the knife attack at the basilica in nice that left 3 people dead and security has been increased across france after the 3rd is the most attack in 2 months interior minister is warning about more militant attacks are likely. This is d. W. News from berlin follow us on twitter and instagram at studio use or visit our website dot com. For. More on the all. Greetings from berlin the looming lockdown for germany in november is still a hot button topic for public debate particularly with regard to its impact on the cultural scene also coming up. German composer khan performs one of the last concerts in berlin before the coming lockdown and celebrates the high point of his career so far. And after nearly a decade of delays the new Berlin Brandenburg International airport is poise
Worldwide, a number of stories, including 21 days to the election. Both campaigns gearing up and finetuning. We are distracted by Bank Earnings. Jon ferro, jp morgan doing better than good. Citigroupi am getting , on first blush giving us the same enthusiasm we heard from jp morgan. Jonathan jamie dimons jp morgan delivering the beat, and it looks like city group is repeating the action. Figurepoint out, the eps third quarter, 1. 40. A little bit of an upside surprise here. I believe we have sonali basak with us. What are we seeing. Sonali we are seeing a beat on revenue, on fixed income. We are seeing loanloss provisioning higher than what jp morgan put in, but lower than what analysts expected. Perhaps wall street has just gotten it wrong compared with the banks are expecting in terms of loan losses. They are higher than jp morgan, so we are going to want to understand why the divergence, but overall, pretty clean numbers here. Tom as we see the numbers come out, we are getting this
Regionally, as we saw a setback moments ago from Johnson Johnson. They are pausing the study here on their vaccine after one of their patients fell ill. We did of course look at, when it comes to the china 10 year, we are expecting a big dollar bond sale as well, and details as soon as wednesday. Still Holding Around the 670 level at the moment. Lets look at the rest of the market as we count down to those numbers out of china. Ratentioned in indonesia decision later today, jakarta coming online just slightly higher. Because ofpressure vaccine setbacks, and india as well, we could see a lower open in mumbai. A big power outage yesterday impacted volumes. We also saw inflation surge in september. We are watching fx as well, the dollar pretty steady and the rest of asia affects fx lower after we saw weakness in the chinese currency as well, the pboc made it cheaper to short the renminbi. We are watching the china and aussie tensions ramp up again. We see brent crude and new york crude, p
Citis analyst call is getting underway. Jp morgan had their analyst call. Those stocks are now lower. Sonali basak has been on the call and joins us now. Why the rollover here . What has been the take away so far . Sonali we saw lower Loan Loss Provisions than initially expected, but at the same time, theres a lot of uncertainty ahead. Reserves releasing slowly because we dont know what the economy is going to look alike the future. Jamie dimon told media this morning that there could be considerable suffering if we do see a dip in the economy, and we are on a day where we are seeing coronavirus cases up a bit. Asking a and analysts lot of questions this morning about Net Interest Income and kind of securities that could pose to executives pushing back, saying they are not about to change their Business Models on what they view as temporary headwinds. Getting some breaking news, so hold that thought. The wto is coming up with its news relating to the airbus boeing case, awarding 4 bill
Marine one wearing a mask. He got off after arriving at walter reed. He was driven to the hospital where he is expected to stay for several days. At this point there is no transfer of power taking place. This is impacting the election, na National Security and the economy. We have not had Something Like this since the 1980s when president reagan was shot. They say it is a precautionary trip to Walter Reed Medical Center. 3,000 miles away, bay area politicians were quick to sound off on the president s prognosis. This is a reminder that we have to do what we have to do to protect not only ourselves, but those around us. But along with good wishes, there was criticism that the president failed to take the virus serious enough. I dont wear masks like him. Every time you see him he has a mask. He could be speaking 200 feet away and he shows up with the biggest mask i have seen. Others questioning the decision to hold rallies including like this one wednesday. I would not risk the coronavir