Rp much flat are the much flat. S p futures reporting today. Credit suisses thirdquarter results bringing relief to the banks reputation that was dented by a spying scandal. Bloombergs Francine Lacqua spoke to the ceo. Negative Interest Rates are not helpful to the banking sector. Everyone can see that. It will have to change at some point. Alix joining us from zurich is Francine Lacqua. Walk us through some of the highlights of the interview. Francine first of all, the numbers topline werent bad at all, but if you double down and look at the detail, some investors were maybe a little disappointed on the margin when it comes to wealth. The Global Markets did extremely well. This was a problem for Credit Suisse in the past. Youre seeing a bit of a muted reaction. Share price was down 2. 5 a short while ago because they are focusing on betterthanexpected results in some divisions, but the guidance disappointed. The other big question i tried to press on was the spying scandal. A couple o
The cloud deck. We had a low dropping in in march, but it is slowly kicking out. We had 45 at the napa airport, now 51. Some 50s and 60s on the temperatures. Temperatures are running cooler, 1 to 7 degrees cooler than 24 hours ago. East wind at oakland, southwind, east wind also at napa, but to the south, it is either south or north. That is going to eventually take care of the fog. Mostly sunny today, it may take a while, but the High Pressure will give us 60s, 70s, and 80s on the temperatures. Allie is here, she will tell you that the traffic is is your microphone on . Hello . She is filling in for sal. She is continuing the tradition. Can we hear her now . All right, moving on. We will check in with allie in a second. She is looking at an accident, we will have traffic for you in a moment. Iranian tv is showing these images of the pieces of the drone that was shot down by the military. A plane was near the drone when it shot the other down. But iran choose not to target that plane.
Under underway overnight. Planes in the air, warships in position to attack. Iranian radar installations and missile batteries. They shot down an unmanned drone, plane, whatever you want to call it. Here we are sitting with 150 dead people that would have taken place probably within a half an hour after i said go ahead. I didnt like it. I didnt think it was proportionate. Reporter as late at 7 00 p. M. , u. S. Officials were expe t expecting a strike until it was called off with no shots fired. The New York Times reported citing multiple senior officials involved in or briefed on the deliberations. President Trump Holding his cards close to his chest after first hearing iran shot down the drone. I think probably iran made a mistake. I would imagine it was a general or somebody that made a mistake in shooting that drone down. Reporter iran and the u. S. Dispute where the drone was when it was shot down. The pentagon releasing these images it says of the drone falling toward the sea, ins
Hitting alltime highs for these indexes. The two yields breaking down below 4. 60, well below. About a three basis point move but remember we were still above 4. 60 just yesterday. Weaker dana driving those higher, the testimony to congress. The u. S. Dollar breathing a sigh of relief after reaching a record on the day here. Still up 7 10 of 1 off the highs of the day but still getting event. Bitcoin is getting off of record highs. It did indeed touch that record but has now fallen very meaningfully to that 64,000 level, down now about 4. 6 . We are talking about apple continuing its decline helping to lead a lot of those tech heavyweights stocks. That decline after apple sales in china fell by a surprising 24 of the first six weeks of the year and on the earnings front also, some green on the screen, target of more than 11 jumping after work quarter profit estimates and the retailer continues improvement in inventory management. And in finance, new York Community bank rebounding after
Are piling up, folks. The number unissue is trust, or should i say lack of trust in a system that never fails to let down regular folks as it bails out the establishment t doesnt patter by the way which Political Party is in power. I will break it down during the show. The wrath of a. I. Is only the beginning. We see jobs and businesses overnight in the crosshairs and maybe humankind. Is it too late to ring fence this threat or is it much ado about nothing . I have an allstar roster of folks to help handicap the feds decision tomorrow. It means everything for your port he will. Economic house from main street, jay powell never hears from my takeaway. That and so much more on making money. Charles all right. So todays session is a reflection of fear, anger and disgust, right . Fear, the economy is a lot weaker than anyone in the fed circles will admit like jay powell. Therefore it means that probably will get a whole lot more tenuous. Fear about the banking scare. Maybe it is not over,