Really solid quarter. Beats in equity trading. Joining me is bloombergs sonali basak. What is the bigger stand out for you . Sonali this is five straight quarters of outperformance. They are doing a good job, while also investing in digital and growth. Likeeturn on equity, i that number because we can compare across all the banks. That is a lot far behind jp morgan. But they can lean on the consumer for growth, and their Net Interest Income in light of the Interest Rate expect asians we have for the rest of the year are Holding Quite strong right expectations we have for the rest of the year are Holding Quite strong. Alix they are factoring in just two rate cuts. Sonali their outlook is going to be very important. Jp morgan premuch told everybody it is not a big deal for the end of the year. Jp morgan pretty much told everybody it is not a big deal for the end of the year. Investment banking up 27 year on year. Advisory fees were up. Debt underwriting up. Equity underwriting a little s
November 10th and 11th. That is thrown into the mix. Were told this is not part of the ongoing trade talks but put as wrinkle or maybe a hatchet in them. Blake burman at it whoo house with more on that. Markets are confused. So am i. What do you make of this port . I spoke with someone familiar with the matter. The way it is described there is a ongoing policy process, taking place, during the policy process one of the discussions the u. S. Might, it was stressed to me, might, limit investment flowing into china. A couple things were pointed out to me which you hit on, according to the source, this is a way essentially to protect u. S. Investment. As you know the u. S. Feels there are a host of issues, once you start dealing with china and and protections, companies there and making sure those companies are taken care of. Also it was put to me this is separate from the ongoing u. S. Trade discussions. Now about you believe that to be the case is another matter. We talked about the issu
This is bulls bears and im david asman. Joining me on the panel neo komodo is with us. Jackie, Adam Rosinski and gary. White House National economic director larry kudlow sounded very optimistic about the economy. Here is what he told Stuart Varney earlier. Looking at the data, but the coincident and forwardlooking indicators, i believe there is no recession in sight. We could be in attorney zone back to the 3 growth, again i come back to the household numbers and then appointment numbers. You can look at this much more positively. Neo komodo, what are the chances of getting back to the 3 Economic Growth . I think we can get back there, not anytime soon if you think of the state of the world, we have to really hope that the rest of the world by their stuff and keeps going and back and forth. To get back to those levels. Its not out of the question but ive been given the ongoing concern about trade and Manufacturing Sector and what happened on services. Even though most of the data that
Guess, what he expected. Pretty much what he expected. It is. He is doing a fantastic job, not easy, but doing a really good job. I think he will make great progress come october, come november. October. October the 31st. The results, the results will start to show in november. But, it looks to me like he is making great progress. It is an honor to have you here. Well discuss trade. We can drew group pell our trade with the uk and we can i think do a big job. Bob lighthizer is here, our trade representative. Your trade representative is here. Theyre already scheduled a to continue negotiations. For more substantially more trade with the uk. Well look forward to doing that. Well talk about other things also. Boris . Great to be here i hope we can make a our secretary of state of International Trade is here. We hope to get going on that always remembering the nhs is not for sale but everything else, theres a huge amount we can do. I guess well talk a bit about iran and some of those diff
Buckeye state to be a political weather vane. Good morning from the studio 57 newsroom at cbs headquarters here in new york. Im arreen as turkeys military offense in Northern Syria enters its seventh day, President Trump is calling for turkey to declare a ceasefire. Yesterday mr. Trump announced new sanctions against turkey. Vice president mike pence will soon head to the region to negotiate an end to the violence as u. S. Troops pull back. David martin reports from the pentagon. Reporter with Turkish Forces moving south and russianbacked syrian units advancing north, 1,000 u. S. Troops are caught in the middle, looking for the safest way out. Joint chiefs chairman general mark millie spoke by phone with the russian chief in an effort to make sure there is no interference with the erhdl include equipment as well as troops as defense secretary mark esper said to Margaret Brennan on face the nation. We want to make sure we deflect a pullback of forces, dont want to leave equipment behind