Absolutely extraordinary. Thank you for joining us on Bloomberg Radio and Bloomberg Television worldwide. What have we got . Mcdonalds just out with a dividend increase. Ibm with a seismic restructuring. Morgan stanley to take out the venerable eaton vance of boston. On and on we go. Guess what . None of it matters. Someone speaking to maria in two minutes. Jonathan the present will be on fox news. I imagine he will have a reaction to the next debate being virtual. That news out from the commission on president ial debates. Tom i really want to bring up this story, below the fold on the internet sites, but our Jennifer Jacobs reporting that the head of security for the white house is gravely ill with this horrific virus. Really a difficult illness as well. It is amazing how this virus story in the debate last night, commenting ondent this debate. Jonathan the president tweeting, saying that this is not a separable. He is looking forward to doing rallies. He is feeling goods. Those comm
About financial repression. This has been widely predicted by a lot of people, deals have to be made. Revenue isnt there, so youve got to go out and buy it. You got to get better. Bigger. Athave not confirmed it here bloomberg, bob but that is a story tom nine tom whats john, lisa and i do is we go to bloomberg experts on this. John farrell, jonathan tice said exactly the same thing. Yeah right, but there are all sorts of reasons why that combination could be the giant bank of the continent of europe. Ritika a lot Jonathan Jonathan a lot to get through including lisa getting excited about tiktok. [laughter] we know lisa does tiktok often with the kids. Youve got a decent excuse. Lisa it is a verb. Do you tiktok or not tiktok . Politics front and center today. Including tiktok and oracle being the likely bidder. We now are talking about brexit. Boris johnson putting his controversial brexit vote to a vote. We will hear about whether or not he will get immunity if you go against the agre
Republican senator inpatient as well. I cant see how we can go home failed. People we they will all have to go home at the end of the week and tell people they failed. Lisa and there is pressure from President Trump that if you dont do it, he will go at it unilaterally. You have to think that he is adding to pressure to passing this through for republicans. Also today, what am looking at, to the clock a. M. , u. S. Durable goods and factory orders. Gauge was the strongest since september 2018. Aftermarket today, disney reports earnings, expected to have a lost. But everyone looking at disney plus, what kind of traction they are getting their earnings. Did you get disney plus just to watch hamilton . Jonathan of course i did not. [laughter] lisa i am shocked. Jonathan full anyone else try to buy tiktok . Tom im glad you asked. Lets put it this way. Disney has 14 billion in cash. Billion inas 140 cash. You do the math. Jonathan i think microsoft has the money to get it done. Did you see
On. The s p 500 is still down. 9 . The nasdaq has crawled back to unchanged. The Dow Jones Industrial average, the worst performing index today, 1. 4 down. Click to move in treasuries. 63 basis points on the 10 year. A risk off move today for whatever reason. Of the headlines today is wells fargo, planning to cut thousands of jobs this year. The move may set a precedent for the Banking Industry that has been resisting layoffs. Joining us now is hanna. How many layoffs do we see from the likes of wells fargo every year . Hanna thank you for having me. Wells fargos headcount has stayed steady over the past decade, even as peers have trimmed down. Around america was 300,000 people in 2010, now around 200,000. Wells fargo is steady at about 260,000. People are expensive. Wells fargos expenses has been an issue for a long time. Vonnie primarily where well those cuts come from . Hannah there have not been any plans finalized yet, but the cuts will be broadbased. They are looking at cuts that
Businesses are failing, tourism has collapsed, and confidence is shot. Sweeping new security loss for hong kong later on tuesday after imposing visa bans on americans it says are interfering in its affairs. Look at the take a set up after the u. S. Paring back some of the gains. Betterthanexpected housing data overweighting these continued can turns and continued resurgence. Continued returns and continued resurgence. Sophie. Sophie futures are pointing higher. Chinese pmi is expected to show some stabilization from manufacturing while Services Face a setback. From south korea, we are getting a may industrial output. That was a bigger contraction than the expected 4. 5 via well vol that was seen in a survey. Nikkei futures in chicago heading higher and this is adding up the topix for the best quarters 2016. Since 2013, for the last of market rights, raising concerns with heavy concentration on japanese growth stocks. The yen wrapping up a sleepy quarter. Valuations as cheap as they com