Some signs of nervousness is also showing for the banks. Bonds are rallying a little bit so that means yields come in and that weighs on the bank so thats a little bit of a pause in the cyclical rally. How does the market really react to what the economists are seeing . They say we will be good in the second half of next your but have a really tough spot between here and there. Have the markets price that in . Abigail the markets do not appear to be pricing it in all that much. As you know, some of the longer term charts are starting to show the possibility that equities in particular are stretched and there could be some sort of sharp pullback for the end of this month or the beginning of next year. That could very well reflect the air pocket the jobs report for november is very disappointing suggesting december and january could be worse. It appears theres some sort of awkward middle ground in the First Quarter of 2021 and maybe beyond. The optimism that the vaccine will bring to the
Public service. And brought to you today by your television provider. Host thank you for joining us for my name is alex meriwether. On behalf of Harvard Bookstore and very pleased to introduce our talk with thomas levenson. They panicked the nation and made the world richford tonight professor levinson is joining conversation by david dobbs. The Virtual Event tonight Harvard Bookstore continues to bring authors and their work to our community and our new digital community. Finer Event Schedule harvar harvard. Com events we can also sign up for our email newsletter and shopper shells from home. This evenings discussion will conclude for some time for your questions. If you have a question for speakers go to the queue and a box to submit questions at any time during the discussion. Will come to those at the end of the talk. I will work on answering as many of your questions as time allow allows. And in just a moment i will post the harvard. Com link to purchase money for nothing. Your pu
Been working hard on cost has been creating this leverage. It the perfect storm of volatility that helped you in the Third Quarter . Sergio it has been coming down to a more normalized level that may be sought before 2018 and 2019. I think it is a combination is a more stable market environment, but the effect of all the new initiatives that we could set for growing, and which are starting to pay off. Manus youve got a strong message in the dividend. There has been an accrual of cash and buy back. When can we realistically expect the regulator to let you and ubs pay those dividends in 2021 . Sergio what it seems for investors is, basically, our message that we are very determined and committed in implementing our capital return policy. We are flashing our intentions to have a good solid Cash Dividend, but also complemented with share buybacks, and the fact that we are highlighting what we have done so far this year by creating this 1. 5 billion reserve is a testament to our commitments
Money, in addition and made the world rich. He is joining conversation by david dobbs. It. Harvard bookstores continues to authors in the work to our communities and other digital communities. Harvard. Com events. You also signed up for newsletter and chopper shelves from home. This discussion will conclude for some time for your questions. If you have a question for speakers go to the q a box. Ask a question and anytime and we will come to those at the end of the talk and we will work on answering as any of your questions is the time will allow. In just a moment i will post the harvard. Com link to purchase this book in the chat box. You purchase and contributions makes this virtual series possible. And now more than ever support the independent bookstores. So thank you. We sincerely appreciate your support now and always. Alex and finally, if we have other issues, technical issues we will do our best to resolve them quickly. Thank you for your patience and understanding. None pleased
Tom yesterday was extraordinary. We are still regrouping in new york from the news flow yesterday of transactions and of course of the president of the United States. The number one breaking story here in the zeitgeist of the east coast is that the president appears to be healthy, and the real decision for him today is, does he do a rally tomorrow in one of these key battleground states . That seems to be the topic is topiceck the topic the du jour. Francine lets get to first word news in new york city with ritika gupta. Ritika the white house is once again shifting its position on a stimulus package. Treasury secretary Steven Mnuchin told House Speaker nancy pelosi the administration now once an agreement on a largescale relief bill. Earlier this week, they president pulled negotiators from talks on comprehensive legislation. Officials are keeping up the pressure on washington to renew fiscal support for the economy. Dallas fed president Robert Kaplan sees a Slower Economy without mor