Coming up, we will be talking with curtis johnson, the managing director at carlisle. Talking about what trying toericans face break into the industry. Bank and tesla are surprising reporting surprising numbers. Our guest is joining us from italy. Your metrics are strong. Been notrating has it being able to get back to shareholders because of ecb guidance . [indiscernible] the expectation is the end of december to be able to pay dividends again. A fourth quarter, are you confident you will pay dividends and about buybacks . X part of the priority. Buybacks are not a priority. [indiscernible] been inas the economy july and what are economists telling you about their mood for the future . [indiscernible] in 2021, the growth in gdp could be higher than 5 . [indiscernible] the positive trend will be in 2021 and my expectation. To take a quick break to make sure we hear you perfectly so we dont miss a word you say. We love working from home. We will get back on the interview once we fix the
Around. The nasdaq with a 1. 4 gain. The dow and the s p following suit, not quite as strongly, thanks to apple and microsoft. The 10year yield back up 256 basis points. Gold taking a little breather. To 56 basis points. To point out some of those companies i was microsoft is up. Adt is up with google taking a substantial stake in adt. Apple accounting for much of todays game. Is up as wellrck on the vaccine part of the pipeline. The markets are up today, some good signs but also some questionable signs. Manufacturing and new orders coming in above 50, so expansionary territory. Englander, in steven Standard Chartered bank, g10 fx research. Huge dynamics at play. How are you reading the current data . Tends toirstly, ism report what is happening among big manufacturing firms. The employment component was. Till soft the commentary around the strong numbers was also very cautious. I would say the impact of the numbers were a lot less than the upside surprise. Definitely, 44. 3 reading fo
Ins a draw as they say soccer right now. Jonathan im not sure anyone calls Bank Earnings season the great derby. Darby. Y the fixed trading revenue number. Equity sales and trading revenue. Message fromng the the city ceo. Balance sheet a has plenty of capacity to serve clients. This is the continued message that the Balance Sheet is not an issue, this is an earnings issue. The Balance Sheet is still strong. Tom every bank has different language. 20 some billion dollars of cost of credit. Citigroup and jp morgan lifting a little bit. Wells fargo is its own story. Sonali basak joins us now. We have citigroup out here now i want to go back to wells fargo. How broken is wells fargo . A 2. 4 just posted billion loss. Down to is being cut . 10 compared to . 20 expectations and . 51 where it was before. They are putting up a fraction of what they had before. They are jp morgan with relatively solid results in the face of a tough time. Jonathan is there a broad take away yet for all three . A
Is falling, so does the s p. Caroline Second Quarter is beating on an adjusted earnings per share basis. Revenue, also a beat. The chipmaker is accelerating the product transition, they say. Revenue, 75lyear million dollars. We are managing to get some clarity from businesses in terms of forwardlooking guidance. Romaine hersheys was one of the big over today, up 6 . Even if the guidance does not necessarily meet expectations, the idea that they have some clarity definitely emboldens some folks. Of course, intel right now down about 4 . A lot of folks looking deeper into these numbers and apparently you are as well. Taylor key headline, that they will be accelerating the product transition. That is what they need to do to remain competitive against amd. I know that analysts, particular where looking to see how you maintain that competitiveness. A lot that could be within that 10 nanometer product transition. We also know that apple has been announcing their own chips, potentially hurtin
On this thursday, jobless are front and center jon jon . A News Conference center. Jon a News Conference over the weekend, lisa, i love this about the great depression. That after delivering record fees worldwide for the firm. Just try to reconcile those things for us. Lisa its a boom of fees in a time of incredible uncertainty coming on the heels of fiscal stimulus and the question is how do they pair these realities . We will have more on that decision at 7 45 a. M. , i am watching it even though guy johnson calls it a snooze. Hopefully the press conference will be less of a snooze. Tom, to your point, jobless claims and retail sales are already anxious history, but we can get a sense of how much momentum there was going into this resurgence of cases in the virus. We are also getting netflix earnings after the bell. Interesting to see if some of these high flyers improve. Me you would never catch characterizing and ecb News Conference that way, would you, tom . [laughter] tom never.