Expectations, both stocks falling. We mentioned somebody was listening in on the Conference Call and it caused that trader to hit the sell button we wont tell you which trader it was just yet. Tim, it wasnt you what did you make of the Conference Call . I think you have a case here where clearly the numbers on the headline looked fantastic. But what was really causing that, that was about provisions, that was about credit quality. Which, its strange because we were complaining that we were fearful that the banks had bigger credit issues that were being possibly seen on the headline and therefore they were putting aside the major reserves what jp morgan look, that beat was a combination of some very strong Investment Banking and fic business but alsos the provisions that came down. Thats something we should everyall be encouraged about with banks bus i think there is more where that came from. But there was some sense this was the only reason. Net margins fell 14 basis points i think ba
And experts warn too much celebration could trigger a 2nd coronavirus wait. Welcome to the business i want to get jones and berlin good to have you with us the United States and to google i headed to Court Washington has filed an antitrust lawsuit against google accusing the company of illegally using its market power against its competitors the government says google has borge its success by paying a mobile phone makers and others to make it the default search that engine google controls about 90 percent of global web searches its the biggest challenge the u. S. Has launched against the Tech Companies and a landmark case against microsoft and that was back in 1998. So lets get some analysis on this now from our financial correspondent Chelsea Delaney in frankfurt chelsea. Please tell me i mean so what exactly is illegal about googles business model. Its no surprise that google is seen as a monopoly here but what the government is alleging is illegal is the way that google has attained
Leventhal and liz young. Liz, is this all about stimulus or are were genuinely concerned about these cases were seeing in europe . And, by the way, were doing a lot of cases here every day, too. I dont think its all about stimulus but were in the middle of a really heavyweight news cycle and its not allowing us to look out any further than about 30 days at a time. Ultimately in 30 days time the market is lower than today just on monday the s p was up 5 month to date. That didnt make common sense. Were in the middle of a highly c contentious market season and were still waiting for stimulus in the short term i think we should see a pull back here but in the longer term and even in the next three to four months, some of the fear around a blue wave has been a little overblown and the market has to weigh the two sides. On one side we might see higher tax ees and stronger regulation and on the other side some of the tariffs may be rolled back as an investor, even if we have a pullback in th
1st criminals to be held accountable for their crimes for. A bit of out their mind. Going through dont care if you use the phrase sure. Our 2 part series the 3rd reich. Starts nov 12th on g. W. Netflix the disappointing results of the pandemic streaming boom a wears off but lets hope marcus might mean its outrageous the company is hoping an investment in african stories will help when a new subscriber is on the continent. Also coming out the e. U. Finally agreed on a new Agricultural Policy to focus on Environmental Protection critics say its not green and up. This is the dumping of business im Kate Ferguson welcome to the show. Shares in the worlds leading a video streaming platform netflix have slid to 6 percent after the company delivered disappointing 3rd Quarter Results the company picked up only 2200000 new subscribers between july and september after a pandemic driven boom in the 1st half of the year which saw the service gain 26000000. 00 new viewers part of the reason for the
As we take on the world. All of the stories that matter to you come true. What ever is. Running now. That. You made for mines. Netflix disappointing result of the pandemic streaming boom a wears off while its home market might be its outrageous the company is hoping an investment in african stories will help when that new subscriber is on the continent. Also coming up the e. U. Finally agrees on a new Agricultural Policy the focus is on Environmental Protection and critics say its not green and up. This is the doubling of business im paid for it from the welcome to the show. Shares in the worlds leading a video streaming platform netflix have slid to 6 percent after the company delivered disappointing 3rd Quarter Results the company picked up only 2200000 new subscribers between july and september after a pandemic driven boom in the 1st half of the year which saw the service gain 26000000. 00 new viewers part of the reason for the slowdown is that netflix has little room to grow in its