In Wealth Management, we had a very strong performance, plus 70 in asia, plus 16 in europe, 3 in switzerland, upsetting the u. S. , where we saw the effect of net recurring fees being based on the previous quarter with an impact in our profits. Was there any sense of caution in the clients . How would you describe your client activity this quarter . Sergio still very active. More of a wait and see, starting to think about the second half of the year, which is full of events which potentially will trigger a change in investors sentiments. The geopolitical situation that we all know about the u. S. And china is going to the next level europe,ituation in which as we speak, is probably resolving but is still very complicated. Last but not least, the u. S. Election. According to our clients, 61 of our clients are thinking about changing their asset location post the election no matter who wins. Manus do you think that is holding them back, the election, overtraining and trade . Over china a
Good morning welcome to the show. We begin with breaking news as we have been for the past few weeks. Futures pointing to steep losses after pointing to one of the worst quarters on record the s p down as well as the nasdaq as well markets much lower the dow shedding more than 23 in just the past three months. Its worst quarterly performance since 1987, and worst performance for a quarter on record boeing there, sliding more than 50 since december 31, shaving nearly 2,000 points off the dow itself not much better for the s p 500, losing 20 for its worst quarter in history and worst quarterly performance since the financial crisis oil prices as well down 66 to the lowest level in 18 years coming off the worst monthly and quarterly performance ever down 66 the numbers are not much better right now around the world matt taylor is in singapore. Julianna tatelbaum has the early trade in europe. Matt, well begin with you it has started early in asia and is carrying around the world now. Abso
Haidi welcome to daybreak australia. We are counting down to asias major market opens. A mix start ahead for asian stocks. Investors bracing for another busy week of centralbank activity and earnings headlined by nvidia. Also, rescue teams searching for irans president and foreign minister after the helicopter crashes in dense fog with conditions described as extremely difficult. Stephen we will have live reaction and analysis as lai takes his heart haidi tension regardless of how you characterize the relationship. Plenty of politics and Economic Data as well as essential Bank Decisions on tap. This is the picture as we set up here in sydney. We are looking higher. Stocks are set to climb more broadly across the region. U. S. Equities with a french fresh record high. We had some moves by beijing to shore up chinas property market. Some analysts say the housing rescue policy measures are too small to make a meaningful difference. A50 china futures looking pretty optimistic look at how u
Existing fan on gas and oil leasing and republicans and democratic senator john manchin voted in favor of the bill while the rest of the committees democrats voted against it. Alaskas senator Lisa Murkowski chairs the committee. [inaudible conversations] good morning everyone. The committee will come to order. Before we begin this mornings marked up i would like to send a special welcome to some of the folks that are here this morning, there come a long way. Several alaskans have flown down from the north slope to be with us. Recognizing that this is their home. I think it is important that they are here with us today so we welcome them. I would also like to add just a farewell at the same time that we acknowledge a welcome. I do not see angela but she is over there. Angela who has been staff director i understand is moving back to the west coast. And this is perhaps your last day on the committee or last week on committee and i just, i want to acknowledge the work that you have done.
Thank you. I think this is a big point of departure. Very difference of opinion by Legal Counsel which can happen. Again, very important part of this realty issue. There is great concern about how this is managed in the future and the concept of what royalties and revenues will be there and what sleightofhand could be used to change that dynamic as opposed to what were doing is a legislative perspective. Madam chair, i suggest we go to amendments. That answers a lot of our questions. Definitely answers the premise of our concerns about the chairmans mark both on the fact that it does change existing on a significant way. Depending on how you want to perceive we can call up and amendment. It appears all the amendments members seek to have brought forward today for discussion appeared to be on your side. I will defer to as to which we take up first. Cassidy 16 is not going to be considered . We dont believe so. Lets go to cantwell number three which is the chairmans mark adds new purpose