Crude getting wrapped into all of this. We get inventories coming out at 11 00, all of that wrapping into the story that maybe we arent that good at dealing with the virus again, despite what happened in the spring, and how that narrative will feed into your equity and asset allocation. The other story we are following his Morgan Stanley, the last major big bank to report earnings. Really wrapping out a winning week for wall street trading desks. The highlight was fic revenue rising 30 . That helped drive revenue above estimates. Also, equity underwriting fees came in double more than year before. Very solid. Now the question is, can it continue, particularly when it comes to the visibility of the election . Joining us now on Bloomberg Television and radio is jonathan pruzan, Morgan Stanley cfo, as well as sonali basak, bloomberg wall street correspondent. It is good to have you. Killer numbers, particularly when it comes to fic. What visibility do we have now for the Fourth Quarter .
Jon ferro has been calling it. Guy we are monitoring the stimulus story beat by beat. Nancy pelosi will be talking around 14 minutes. We are going to get a sense at that point whether or not we are making progress. That could certainly be market moving. We will bring you those headlines as soon as we get them. Lisa the white house has been pushing for a largescale deal again, off again, on again. Wants alosi says she more comprehensive fiscal bailout as a result of the pandemic. Emily wilkins joins us now with the latest. Emily if anyone is confused about where things are with the stimulus deal, you are not alone area Senate Majority leader Mitch Mcconnell said yesterday he was feeling some with lash some whiplash with all of the backandforth we have seen this week. House Speaker Nancy Pelosi is Still Holding out after months for a larger stimulus package. She and the white house negotiator, treasury secretary Steve Mnuchin, spoke by phone yesterday. It seems like there still could be
This is what markets are doing now, steady as they go. They seem to be range bound. A lot of focus is on President Trump and his health. A lot of focus is on the risk off move we saw friday not filtering today. The yen is retreating, trends study, pound weakening as they start a two week period of brexit talks. Lets get to our top stories. Its been a weakened of speculation over President Trumps health. Sean connolly now admitting to giving a statement about the president receiving oxygen. What do we know about the president s condition right now president s condition right now . Doctors in a press conference sunday sounded upbeat, saying he was improving and could be discharged as soon as later today. But remarks were inconsistent. They withheld information about level,gs and his oxygen john conolly telling reporters the president did indeed receive oxygen friday. Connolly previously said he did not. We also know the president has been given three experimental treatments, remdesivir,
Call for urgent action. President trump enters the conversation, indicating he may now support a wider stimulus bill. Debates joe biden refuses to push back his next meeting with the president. The white house rules out a virtual clash due to covid19. We have an update from President Trumps physician, dr. Sean conley, about the president s covid19 treatment, saying that the president has been responding extremely well, that his exam has remained stable while at home. President trump has completed the course of therapy for covid, saying the president can return safely to Public Engagements on saturday. The president was just released from hospital on monday evening and his health had risen controversy given the white house was saying the timing of President Trumps last negative test was regarded as private. We are finally getting an update on the president s health and dr. Sean conley saying the president can return to Public Engagement on saturday. Lets turn to the markets with Sophie
Their q1 a couple of political stories out there on the market and this is what we are looking at for european stocks. At the banks or some of the industries sustaining the surging afterwards shareholder raises its stake. The other thing im looking at sentiment bolstered by enemy. It expects business to improve as far as restaurants as bars and restaurants reopen after lockdown. According to the new york just, President Trump paid 750 in income tax in the 2016 and 2017. That is due to reporting losses of millions of dollars from his golf courses. According to his returns, he paid no income tax intent of the past 15 years. The paper says he has hundreds of millions of debt in the next few years. The president says the report is fake news. President trump has nominated judge Amy Coney Barrett to the Supreme Court. She will be his third appointment to the bench, cementing its shift to the right for a generation. She is known to be a devout catholic and has defined abortion is always immor