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
Rewards. All indices are higher in terms of the s p and dow. The nasdaq has turned lower in the last 30 minutes. Vix at 24. The euro continues to drive higher. 1. 1518. Strength after they managed to pass some grants and lowinterest loans to aid everybody. Of crude oil, Summer Travel season is in full swing as coronavirus cases pop up in cities across the country. Many are rethinking a potential comeback in the hotel and leisure sectors. Adam portnoy, is ceo of rmr group. Us,last time you were with it was toward the beginning of the outbreak in the northeast, at least the beginning of what we knew the outbreak would be serious. You were collecting commercial rents at a rate back then that surprised you. Beet been instance i since . Time wence the last talked, in terms of Economic Activity in our portfolio, we have over 2000 Properties Across the u. S. We touch every type of commercial real estate sector. As a result, we have a really good sense of what is going on in the economy on a d
Between an unfilled gap 3259. That gap needs to be filled with some bullish moments. As you know, we are well above 250 100 day moving average. As you said, those smallcap stocks, big performers. Really beaten up so far. Finally getting we are out with earnings as well. One that you and i have been. Secondquarter revenue seems to eat gnificant significant beat. Revenue coming in at about three and one quarter billion dollars. The Forward Guidance looks strong. That might be why shares are up. And to why the Forward Guidance looks higher, what divisions within that is this are showing strength. That busyness are showing strength. Caroline the companys conservative forecast could add to the fact that it is likely to beat overall. Worried about the global auto sector, industrial gear shipments. The is a notable beat for second and Third Quarter. Maxim last week saying they will be teaming up to take on the likes of texas instruments. Revenue for the Third Quarter looking pretty strong for
Regarding microsoft. Some people did not like the quarter but now we have something that puts them right it not passing in terms of the growth google and facebook among a certain demographic that people want which is the 18yearold demographic. I go on tiktok and there is a good one right now about Federal Express delivering packages versus u. P. S. Versus the post office david, your kids may like it at the same time, its got a lot of viewers it does 80 million here in the states. Yes, one of mine does typically it does skew more female than male and the other one doesnt but this is a fascinating situation, guys, for any number of reasons unlike anything i can recall having seen in part because the government is so deeply involved inbasically dictating the potential sale of a business to one company. And it really ends up being one company. You know, as you guys know, ive been following this to a large extent over the last few weeks and it was a difficult thing to imagine. How would go
A mission to mars china sends its 1st unmanned spacecraft to explore the red planet. Tension once again in cities of the United States in Portland Oregon Security Forces have launched tear gas and protesters have lit fires on the streets theyre angry because federal offices have been sent to control demonstrations which have been going on for 56. 00 nights but President Donald Trump has promised to deploy more officers this time to the cities of chicago and albuquerque he says is to control rising crime others say its an election stunt mike hanna reports. The concern about federal involvement was spotted by scenes like this from Portland Oregon up to weeks of anti racism protests federal troops in unmarked uniforms moved in confronting demonstrate. Is entertaining them in unmarked vehicles much to the anger of the states governor this is a democracy not a dictatorship and we cannot have secret police abducting people into and putting them in unmarked vehicles. I cannot believe i have t