Worldwide, a number of stories, including 21 days to the election. Both campaigns gearing up and finetuning. We are distracted by Bank Earnings. Jon ferro, jp morgan doing better than good. Citigroupi am getting , on first blush giving us the same enthusiasm we heard from jp morgan. Jonathan jamie dimons jp morgan delivering the beat, and it looks like city group is repeating the action. Figurepoint out, the eps third quarter, 1. 40. A little bit of an upside surprise here. I believe we have sonali basak with us. What are we seeing. Sonali we are seeing a beat on revenue, on fixed income. We are seeing loanloss provisioning higher than what jp morgan put in, but lower than what analysts expected. Perhaps wall street has just gotten it wrong compared with the banks are expecting in terms of loan losses. They are higher than jp morgan, so we are going to want to understand why the divergence, but overall, pretty clean numbers here. Tom as we see the numbers come out, we are getting this
Amazon billion offer to goes from rivals to partners as jeff bezos is willing to take a 40 stake in his indian retail revolution. At thelets take a look set up for the session of trading in asia. We saw that resumption of the loss in the u. S. How are we setting up in this part of the world . Sophie a pickup in volatility once again. In asia, futures are mixed, but we are seeing s p eminis. Chicago adding. 3 . The yen is stuck in the range with brexit risk also a consideration. We are watching tiktok reaction to trumps extension of that tiktok watching reaction to trumps extension of that tiktok sale. Jupiter Asset Management is cutting its exposure to debt of Chinese State linked borrowers so that is something to consider as well. Ahead of the u. S. Election, you are seeing one vol bets can yuan vol bets. Keeping an eye on korean bonds with potentially 6. 3 billion of supply coming through. The government may submit its proposal to parliament this friday. The global rush of Corporate
Balloons increasing 26 to just a little less than 1 trillion. Joining us for the hour is chris verona, Strategas Research partners here we are, we can see it, we can taste it, a new record high and everyone is really calm around hiere. The lack of euphoria is telling. Theres this great divide between perception and reality what are the headlines impeachment, recession, china, pmi under 50 but the reality is, signs of cylicality are starting to show up in every corner of the globe. You see it with semis and with trucking stocks, german dax is at a 52week high, the banks are acting better. I think the tone of the market is so different than what the tone of the front page of the paper says every day and i think thats bullish great to have chris with us for the whole first hour of the show, particularly given that we might have that record alltime closing high for the s p 500 the key level to keep an eye on, by the way, 3025. 9. We are at 3022 at the moment lets focus in on the big storie
Intel. We hear from the ceo in a bloomberg explosive. We find out why twitter growth did not translate into sales. We hear from the ceo. In latehares plummeted trading after reporting thirdquarter earnings. For the first time in over two years, the Company Reported a decline in quarterly profits, most notable from the report, amazon issued a week forecast for the busy Holiday Quarter, likely sparking worries the Big Investments in oneday delivery are not bringing a sales boost investors were hoping for. Also fell. Ces i am joined by our guests, thank you both for joining me. Breakdown what happened to the bottom line. You are still turning a profit, but the growth was slower. Why . A lot of angst around cost. We knew oneday shipping would bring variability and cost with it for a couple of quarters. Lso, they are spending a lot on content. There is a spending cycle going on, which makes the next couple of quarters the anxiety continues. Youre clearly seeing a sales impact happening on t
A new wave of dissent a Leaderless Movement they say is harder for the government to pin down. Hong kong is widely seen as the place of constant change and innovation and is one of the worlds most visited cities. And many here want to make sure none of thats lost protesters here have adopted a slogan of the late famous martial arts star bruce lee the water my friend the sea like water theyll be fluid and adaptable and accept that what do you see is a fight for fundamental freedoms will be a long term struggle to. Hong kong. Hundreds of rallied in new york calling for justice over the death of eric garner ronnie marks 5 years since the 43 year old black man died after police placed him in a choke hold on tuesday federal prosecutors announced they would not charge the officers involved in the incident garner was accused of selling single cigarettes outside a store on Staten Island when officers tried to arrest in his death sparked the black lives matter movement. A british iranian aid wo