Earnings. Joining us is Christine Harper from bloomberg. We are joined also by allison williams. Christine barclays and some of the banks around the world are up. Postbrexitthe trading and money market reform is coming into play today. That drove up client act timmy. Rates in particular. The fixed income trading is not really anything. Nobody was expecting that. Allison estimates started to come out and people felt better. We knew it was strong because of exit. August was a typical seasonal slowdown. Saw, inm things we general when things are accelerating, thats only 10 to get some of these beats. Christine its interesting. Thatd the First Quarter was terrible for a lot of banks. The Third Quarter which was summer was really good. Its up 48 year on year. On the money market reforms, how much of that is a oneoff due to that figure we wont see again in the next quarter . There is always a number of things that we are not going to see in the next quarter that we will hear analysts asking
Look at the shares. Not a surprise blackberry is moving higher by 2. 33 . Facebook down 1. 5 it remember the discussion they would build a phone . And then they said no. Maybe this is their way of getting in to build a phone because blackberry has the hardware and the software. If youve been watching countdown to the closing bell in the last couple of days, weve been following very dramatic story. Muddy waters and a guy who runs it right here on your screen has been chinese mobile firm and massive fraud. Shares tanked on the oneweek. We spoke to the ceo, and he was telling us the company is absolutely legit and he could prove it. Today nq mobile released and massive document attempting to refute muddy waters allegations. Nq mobile filed a lawsuit. You would have heard from omar they were considering legal action and that person has said you know what, bring it on, weve got the information that tripped this company. The company jumping higher on the same day we received word apple remov
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