Yearoveryear, and that is demonstrating that both on the revenue side and on the expense side, the impact of the restructuring is making itself felt. Iose would be the things would focus on. The overall performance, obviously, is weighed on by the cru and the losses in the cru, but even there, we are progressing basically in line with our plans both for deleveraging and cost reduction. We also had earnings news out from daimler as well as volkswagen, and youve got some earnings lines coming in from barclays. Anna absolutely. We continue with the banking theme. We have Net Operating Income coming in at 4. 70 one billion pounds, a touch below the 4. 60 one billion that had been penciled in by analysts. Theres been a lot changing, of course, since the month of march, especially the volatility, as we know. Interesting to look at what has happened in the Investment Banking part of the business as well. 3. 62 billion dollars, well ahead of the estimates for that particular part of the busine
The holiday period. Federal reserve chairman Jerome Powell says the central bank will maintain its efforts to support the flow of as americans hunker down from the spokevirus pandemic, he on the nbc today show. We are not going to run out of ammunition. That doesnt happen. ,e set Interest Rates in time what we think is giving the economy the right level of support. If we raised Interest Rates more, it would have been higher than we thought and Economic Growth would have been slower. It would not have mattered in the end. We are always setting our Interest Rates at the level we think is appropriate. Carowell says mortgages and loans are among the areas that the fed can step in. Global news 24 hours a day, on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts in armorhan 120 countries, ritika gupta. This is bloomberg. I am ritika gupta. This is numbered. Vonnie it is 1 00 p. M. In new york, 5 00 p. M. In london, and want to click a. M. In hong kong. In
Mnuchin this morning bob with the wild week for stocks rick and the bond market bob bob, we start with you its another choppy day hopefully will end a little more stable than we started below this week was 22. 80. Were well off of the lows for the week but still down today. Off of the lows for this morning. In terms of sectors, its been all over the place all week. For once energy is leading but that was the opposite earlier in the week Consumer Staples are the week one. Banks have been generally under performing the entire week just want to point out the consumer names every one was talking about. Campbell, smuckers a and the food stocks were up. For the last day and a half they have been selling off. I want to point out the bond etfs high yield bonds the junk bonds down on higher chances. Theres 3 currently muin bonds weak. They do the convention center. They fund the transit systems. Quite across the board one bit of solace is the vix is quieting down. If you call in the 60s quieten
Vonnie we have bowing down to. 5 following those comments from the faas steve dixon. The 10 year yield at 1. 81 , moving around just a little bit. 31 35 on the s p 500, holding onto a small gain despite some stocks lower. That also includes home depot, down 1. 9 . It is up double digits in the past year, but it has had a rough month, and it has lowered its outlook for 2020. It is fighting a number of things, including the resurgence and the fact that the Opioid Crisis has criminals stealing from home depot, and trichet has become a major factor. It is talking about making sure it puts in place is like the fact that its power tools wont work unless they go for a check out in order to stop this phenomenon. It is really quite something. A headline just crossing the bloomberg a few them to go. For partners and elliott in talks to buy log me in. It has lost about 15 of its market value in the last year, but this has that stock now halted. Before it halted, it did soar on the idea that ellio
Filing under the rule. The speaker pro tempore the clerk will report the title. The clerk report to accompany House Resolution 739. Resolution providing for consideration of the bill, h. R. 2534, to amenlt securities and exchange act amend the securities and exchange act of 1934 to prohibit certain Securities Trading and related communications by those who possess material nonpublic information and relating to consideration of the concurrent resolution, house concurrent resolution 77, directing the president , pursuant to section 5c of the war powers resolution, to remove United States armed forces from hostilities in the Syrian Arab Republic that have not been authorized by congress. The speaker pro tempore referred to the house calendar and ordered printed. Proceedings will resume on questions previously postponed. Votes will be taken in the following order. Motions to suspend the rules and agree to House Resolution 546, and pass s. 178. The first electronic vote will be conducted as