Wall street was being red on tuesday, bank stocks leading the way. Shares in Goldman Sachs fell 2 . The catalyst was moodys downgrading the Credit Rating on several small and me us banks, including mmt and pinnacle financial. The red flag is raised by the Ratings Agency including a potential recession as well as problem so to the commercial real estate set up. As one analyst put it, any doubts about regional banking is bad for market sentiment. That wasnt helped by data from new york federal reserve, which showed that for the first time americans owed more than 1 trillion on their credit cards. Traders have also been focused on corporate results, which so far have been better than expected. That was true for lyft was reported results after the us market close, ebbo s small arrival is forecasting higher revenue in the Third Quarter based in part on a post pandemic rebound in road sharing. Rivi and posted a narrower loss than expected and raised its Production Guidance for the full year.
2 , the catalyst was moodys downgrading the Credit Rating on several small and medium sized us banks, Including Mmt and pinnacle financial. The red flags raised the Ratings Agency included a potential recession, as well as problem side to the commercial real estate sector. As one analyst put it, any doubts about regional banking is bad for market sentiment. That wasnt helped by data from new york federal reserve, which showed for the first time americans owed more than 1 trillion on their credit cards. Traders have also been focused on corporate results, which so far have been better than expected. That was true for lyft, which reported results after the us market close, ebbo s small arrival is focusing higher revenue in the Third Quarter based in part by a Postman Damik rebound in ray jones. Meanwhile, an electric vehicle maker posted a narrower loss than expected and raised its Production Guidance for the full year. Elsewhere on wall street this morning, nine companies, including ban
Now its time for World Business report. To stay or to leave . Yep, the big boss of one of the Worlds Largest banks, Goldman Sachs, tells the bbc about his preparations for a world after brexit thats coming up in an exclusive interview. And are you ready for round two . Its a biggie for europe, with one of them being knocked out. Yep, its the last day of campaigning before france elects their next president. So were going to look at how each ones plans to run the eurozones 2nd biggest economy. Welcome to World Business report. Im aaron heslehurst. If you dont like waving hands and high energy, i suggest you switch the channel right now. The rest of you who are staying with us, thank you. The Chief Executive of Goldman Sachs has warned that london will stall because of the risks from the brexit process. Lloyd blankfein told the bbc that the company was developing Contingency Plans to move some of its 6,500 employees out of the capital depending on the outcome of the negotiations. Mr blan
And wales last year. The government has described the situation as unacceptable. Sir vince cable, whos favourite to be the next leader of the liberal democrats, says he believes brexit may never happen. Busy old afternoon on the news front today, we will have more at the top of the hour. Now, on bbc news, it is politics europe. Hello and welcome to politics europe. The french president Emmanuel Macron says europe has lost its way and promises to hold democratic conventions across the eu to discuss reform. The eu strikes an outlying free trade deal with japan but with much of the details still to be hammered out. Meps discuss how to plug the eu funding gap after brexit. We report from strasbourg. And just what was getting the Commission President Jean Claude Juncker so hot under the collar . I will never, i will never again attempt a meeting of this kind. Some may wonder if that is a promise or a threat and it is all become in the next 30 minutes and with me, joined by two meps, the con
And wales last year. The government has described the situation as unacceptable. Sir vince cable, whos favourite to be the next leader of the liberal democrats, says he believes brexit may never happen. Busy old afternoon on the news front today, we will have more at the top of the hour. Now, on bbc news, it is politics europe. Hello and welcome to politics europe. The french president Emmanuel Macron says europe has lost its way and promises to hold democratic conventions across the eu to discuss reform. The eu strikes an outlying free trade deal with japan but with much of the details still to be hammered out. Meps discuss how to plug the eu funding gap after brexit. We report from strasbourg. And just what was getting the Commission President Jean Claude Juncker so hot under the collar . I will never, i will never again attempt a meeting of this kind. Some may wonder if that is a promise or a threat and it is all become in the next 30 minutes and with me, joined by two meps, the con