Shares are down by 9 , biggest drop since june 2010. The horizon disaster. What is fascinating fascinating about todays earnings, the fouryear net loss of 6. 5 billion was double the loss of 2010 when bp took charge cost link tollion the disaster. Today, fourthquarter profits greater than estimated because of the decline in the price of crude, profit has been low and year on year for six consecutive quarters as oil prices tumbled. We will have the cheese chief executive a little later. Story wasbig earnings switzerland big lender, ubs, down by 8 , biggest drop since august. Rose syngenta rose thanks to a chat game. Big drop in Wealth Management earnings and Investment Banking profit as well. We also have sound from the ubs ceo as well. Betty we will play that, later. Ubs was not the only banks up to report. Bank, one that we dont normally talk about but there are some banks that are actually gaining. The bank in denmark, the biggest lender is going to back back by back another nine poi
Illiberalism. That does it for us this morning. Stephanie ruhle picks up the coverage right now. Hi there. Im stephanie ruhle. It is a busy friday. October 16th. Lets hunker down and try to get a little smarter. This morning, just 18 days, thats right, 18 days from the election, the president ial candidates are hitting the trail. Joe biden heading to michigan while President Trump will campaign in georgia. It comes after a splitscreen night that displayed the stark choice voters have in this election. The two candidates answering questions at dueling town halls and painting very different pictures of what america looks like now and what it would look like for the next four years. President trump on the defensive press on the coronavirus. Conspiracy theories, White Supremacy and his tax returns. He described a country turning a corner when it comes to covid and the economy making this pitch for why he deserves another four years. Because ive done a great job. We have the strongest econo
Mitigation why arent we going to get control of the pandemic . Because its a contagious virus just like the flu. Mark meadows was also involved in efforts to keep a lid on the news we got over the weekend. To keep a lid on it to keep us not informed that five of Vice President pences aides, including his chief of staff, have tested positive for coronavirus. Despite being in close contact with those aides, pence himself is staying on the campaign trail after he tested negative. I want to bring in nbcs carol lee. Shes following President Trump in pennsylvania. Mike memoli is following the Biden Campaign from delaware. Carol, the president basically has one week left. Of course he does. Everyone does. How is he going to make it count . Look, steph. The president is trying to make it every minute of the next week count. Hes doing a lot of events. Hes had three today here in pennsylvania. The two candidates battle it out for these 20 electoral votes in this state. The president will start i
Headed. Normal life, which is what we want. We just want normal life. Like we had seven months ago, will fully resume. And next year well be the greatest economic power. We are going to be stronger than weve ever been before, and you see that all happening. It seems like he just doesnt care much about it. And the longer hes in charge, the more reckless he gets. Its enough. Its time to change. Here is why that is so important because yesterday the United States recorded more than 80,000 new cases of the coronavirus. That is the highest number weve seen since the pandemic began. We also saw another 996 deaths pushing the total close to 230,000. Of course, the president would much rather talk about the economy and the big jump in gdp. But heres what i need you to remember. The recordbreaking rise of 33 this quarter follows a recordbreaking drop of 31 last quarter. We lost more than 20 million jobs last spring. We are barely halfway back from where we were. Steve rattner said it best in th
In other words, the inauguration, which is traditionally considered a giant celebration of our nation, is going to look more like an armed camp. The National Mall could be shut down. Downtown train stations and parking garages will be closed. And if you are inside the inauguration perimeter expect to be stopped and questioned. Fbi director chris wray explained the show of force when he met with Vice President pence last night. Are seeing an extensive amount of concerning online chatter is the best way i would describe it about a number of events surrounding the inauguration. Weve got to disrupt any attempt, or attack. Our posture is aggressive. Its going to stay that way through the inauguration. According to nbc that chatter includes calls for violence against government officials and advance on making and concealing home made weapons but there is reason to hope that the massive Security Response may work and prevent attacks on the inauguration. Experts tell the Washington Post that s