Italys Prime Minister said it would derive from properties on h derived from higher Interest Rates. The net income exsceeding the growth for 2022 and 2023 citi estimated that would be equal to 19 of bank net profits for the year the tax would only apply to domestic Net Interest Income if this were to happen in the United States it is not happening i know. I dont know what would happen to the world. It is like when hell freezes over scenario. 40 windfall profit tax on banks. Do you think this is such a game changer that you would ever be in business in italy ever again . I think they view banks as utilities in italy i think investors will think about Certain Industries now at the beck on call of the government it can be wiped out just like that it changes your money. Chinese communist out of nowhere with the Tech Companies in china the trading Certain Industries. In other bank news, moodys cutting ratings with several banks and downgrading the biggest lenders. The credit strengths will
Mean , while whilst addressing mean, while whilst addressing the nation rishi sunak said the rochdale by election result was beyond alarming. Thats after it was won by George Galloway, the uks leading Jewish Organisation has described the Workers Party leader as a conspiracy theorist who brings division and hate to every place hes ever stood for parliament. During his career, galloway has also presented programmes for both the russian and Iranian State broadcasters, labour leader sir keir starmer says hell stoke fear and division. Galloway only won because labour didnt stand a candidate. Candidate. I regret that we had to withdraw our candidate and apologise to voters in rochdale , apologise to voters in rochdale, but i took that decision. It was but i took that decision. It was the right decision and when i say i changed the labour party, i mean it. Say i changed the labour party, i mean it. Obviously we will put a first class candidate, a unifier before the voters in rochdale at the
First. Lets go to the. News good evening. Your top stories from the gb newsroom. The Prime Minister says islamist extremism aims to drain us of our confidence in ourselves as a people addressing the nation outside downing street this evening , he vowed to back police evening, he vowed to back police to tackling taking action against problem protests and said universities must also do more to crack down on extremism on campuses. More to crack down on extremism on campuses. Rishi sunak says islamist extremists are spreading a poison in a statement, the labour leader has said have backed the Prime Ministers message, calling for unity in the country. The Prime Minister signalled the government will unveil what he called a robust framework for deaung called a robust framework for dealing with the growing problem of extremism. I want us to doubt ourselves, to doubt each other, to doubt our countrys history and achievements. They want us to accept a moral equivalence between britain and some
On this black friday, were still here at post nine. Im Carl Quintanilla with melissa lee. Dow up 15 points a holidayshortened session today. Markets are going to close in an hours time and eventually we will get to kelly evans and bill evans for closing bell. All eyes on retailers as it is black friday. We saw strength in macys in particular and some curious weakness in shares of target which have been the real standout laggard, at least in the retail space. A lot going on, whether its retail, black friday or oil, by the way, which got close to 59 earlier and right now 58. 83. Busy week next week packed with powells confirmation, yellen testimony and then that opec meeting and even more reports today about a potential framework between at least russia and opec. Right, and you were mentioning some of the alltime highs in todays session, even though its quiet. The alltime highs are in fact notable. Amazon really being helped, of course, by black fridays strength here. Facebook is also an
Welcome everybody scary situation there. The dow the s p and the nasdaq hitting new highs. If we close at another record high today it would be the 70th record close this year breaking the 1995 record for the most closing highs in any year. With the gains the dow is up more than 5,000 points this year that is obviously never happened check out the individual movers. Etf on pace for its best day since december 4th abercrombie leading the way. Best buy trading at an all time home and dr horton and berkshire hathaway, 300,000 a share and now 23 this year topping the s p 500. Wow. Lets get straight to the rally. On the floor of the nyfc. Big enthusiasm. You might have thought the tax bill was priced in but apparently not as he mentioned consumer earnings today are leading. Both benefiting from the tax bill a fairly broad rally the only thing not big is the volume more like Charlie Brown Christmas Tree size. Modest yet still shining bright. Take a look at the all time highs. 58 on the s p 5