Of the markets. We will break it down with tiffany mcgee. Plus an exclusive interview with the ceo of halliburton, jeff miller. With oil prices around 40. Guy lets talk about the data. The data was grim. Worse than anticipated. As gdp data was bad but not bad as anticipated. The real story for me today is the claims number. Higher and looking fairly sticky. Now. Mckee joining us point out the highlights. Ofwe basically had two sets numbers. One that told us where we were and one that told us we may be going back there again. When you look at the gdp numbers, the number the u. S. Uses is 32. 9 . The entire last for year, we would be down 2. 9 . 32. 9 . 10 quarter over quarter. That compares with germanys 10. 1 , the u. S. Is 1 10 of a percent better. It shows the u. S. Global economy is in a lot of trouble. Where did it go wrong . Personal consumption was down 34. 6 percent. This was an annualized number. ,usiness investment nonresidential, down 27 . In all across the board terms of gdp
Unit in a sweeping overhaul. Its a big day for Bank Earnings. We speak to talk executives. Welcome to daybreak europe. Lets get to Bank Earnings. Deutsche banks red headline. Saying they are on track to meet all targets. Lets get to the numbers coming through. The Second Quarter fic trading revenue comes in at 2. 0 5 billion euros. The estimate was 1. 81 billion euros. Upbeat on the Second Quarter f site a beat on the Second Quarter fic. In terms of pretax profit for the Second Quarter, that comes in at 158 Million Euros. Thats a surprise pretax profit for the Second Quarter. The estimate was for a loss of 133 Million Euros. Thats what we are looking at in terms of secondquarter net revenue. That comes in better than expected. The estimate was 5. 94 billion euros. A lot of lines coming through here. 2020 revenue essentially flat. Cet1 reaffirming its 2022 leverage ratio and return on tangible targets. In terms of Second Quarter Net Interest Income, that comes at 3. 0 9 billion euros. E
Ridehailing company grab is among the companies reconsidering partnerships. And it is rent day for britains commercial tenants, but how many businesses will pay up . Theu. K. Plans this as u. K. Plants substantial easing of lockdown measures. We will get analysis. Lets have a look at where we are on the futures picture for equity markets. This is the picture for european futures. Stoxx 50 futures and ftse futures both down around. 06 0. 6 . It looks like we will have a bit of a move to the downside at the start of trade. U. S. Futures are fairly flat this hour. Futures on the s p entirely flat, on the dow entirely flat, the nasdaq or positive, up 0. 2 . Yesterday we saw concerns around the second wave of the virus or the third wave, perhaps, in the u. S. , the south and southwest of the United States, taking the edge off gains in the s p, but the nasdaq is powering through to new record highs. Lets show you whats been going on through the asian session. Things looking pretty mixed. Som
For staffing this meeting. Do you have any announcements . Due to the covid19 Health Emergency and to protect Board Members and the public the board of supervisors legislative Committee Room are closed. Members will participate remotely. Committee members will attend through Video Conference and participate to the same extent as if physically present. Public comment is available for each item. They are streaming the number on the screen. Each speaker is allowed two minutes. Comments are available via phone by calling 415 6550001. Access code for the meeting is 145 1435810. Press pound and pound again. When connecting you will hear the discussion but you will will be ibe in his senning need only. Dial star three. Call from quiet location and speak slowly and turndown your television or radioia. You may submit Public Comment via email the clerk at sfgovtv. Org. If you submit via email it will be included as part of the official file. Items acted upon today are to appear on the agenda on
Good morning. The meeting will come to order. Welcome to the thursday, june 18th meeting of the government audit and oversight committee. Thank you to this committees clerk, john carol and thank you to sfgovtv for staffing this remote meeting. Mr. Clerk, do you have any announcements . In order to protect Board Members during the Health Emergency the board of supervisors legislative chamber and Committee Room are closed. This is taken pursuant to various local, state and federal orders and directives. Committee members attend through video and participate to the same extent as if physically present. While the comments will be available for each item. Cable 26 and sfgovtv are streaming the call in number across the screen. Comments and opportunities to speak are available at 415 6550001. Once connected and prompted to the access code which is 145 4314683. Then press pound and press pound a second time to be connected to the meeting. When connected you will hear the discussions. You will