Supporting their economies and also containing debt and asset prices. If you look at what is happening in australia moving further into the rest of the year, maybe more, and the other side of that same coin is you have home prices. In sydney, something they have not seen in at least a decade. Another good example of that is to take it take a look at what is happening in south korea. A surplus, but it is not being driven by exports the way it should be. That is the main engine for growth. Trying to support that part of the economy and balancing fairly high household debt. And looking at taiwan, the biggest mover so far in asia this multiyear bull run. And we pushed past 10,000 at one point this year, under increasing threat. We are approaching the 8500 level at this point. The previous low was back in october of last year. Below that, we are headed to about 7900. I will leave it there for now. Back to you. Rishaad well, we had david alluding to china, and the Manufacturing Survey showin
Thanks, simon. We begin this hour with trading troubles in the market. The three big areas were focusing on macro, fundamental and technical, and dominic chu will lay out the bull and bear case for each. Dom . Theres strong and theres a lot of them on both sides of the equation. Sure. Lets talk about the macro Bigger Picture scale first. First of all, you have at least whats perceived to be some economic strength or resiliency. Maybe not robust growth. Still, in the eurozone and the u. S. , yes, i know the eurozone is stepied at best and may be slipping back to recession but its holding in there and the u. S. Holding it better than most economies out there. Thats kind of the bullish case if you want to see it that way. Take a look at china though. Slowing growth there. Growing faster than any of us out here, but, still, that slowing growth may be a huge case for the downside of chinas economic woes really deepen as the market it your miles condition. Lets take a look at whats happening
Find it so strange. He seems so normal in contrast to our politicians today. We have a wonderful panel here, four really suburb original exciting papers that do fit together. Thats going to be my thought to talk about that a little bit. Each speaker will present for 13 to 15 minutes, 15 minutes maximum. I will cut them off at that point if that go beyond 15 minutes. Ill give comments for five, six minutes and then well open it up for discussion from the entire audience. We have a lot of experts in the audien audience. I will introduce the four panelists right now and well go in order from the program. Seated immediately to my right we have fritz bartel who is finishing as we speak his dissertation at cornell university. On the privatization of the cold war. And the role of foreign aid, Financial Investment and various other elements in the cold war. Fascinating important work. Hes presenting a piece of that project for us today. After fritz well go to david painter. My friend and fello
Find it so strange. He seems so normal in contrast to our politicians today. We have a wonderful panel here, four really suburb original exciting papers that do fit together. Thats going to be my thought to talk about that a little bit. Each speaker will present for 13 to 15 minutes, 15 minutes maximum. I will cut them off at that point if that go beyond 15 minutes. Ill give comments for five, six minutes and then well open it up for discussion from the entire audience. We have a lot of experts in the audien audience. I will introduce the four panelists right now and well go in order from the program. Seated immediately to my right we have fritz bartel who is finishing as we speak his dissertation at cornell university. On the privatization of the cold war. And the role of foreign aid, Financial Investment and various other elements in the cold war. Fascinating important work. Hes presenting a piece of that project for us today. After fritz well go to david painter. My friend and fello
It is better than the consensus estimate of 1. 39. Revenue up 19. 8 billion dollars pretty much in line with what the bank had been expected to report. Net interest margin for the bank was the same as in the Fourth Quarter. Analysts were looking for a slight improvement, that did not happen. The same as previous the previous quarter. Consistent with what wells fargo had reported as well. Equity markets revenue 873 million. The bank had indicated that trading would be down mid to Single Digits yearoveryear. Betty thank you so much. I want to bring you some more top stories we are following this point in Vladimir Putin tackles the issues. Defending his handling of the nations problems today during the National Call in show on national television. Russias economy has been stunted by low oil prices. Putin says russias Financial Sector is driving. Vladimir putin despite the volatility of Financial Markets russias banks have been developing and growing well. On the whole, are banks and asset