Narrow their differences. Forecasters dont see a deal before the november 3 election. Well be speaking to the speaker of the house today. Ireland imposes some of the most draconian restrictions in europe. In the United States cases are soaring in battleground states. We are just two weeks ahead of the election. Very warm welcome to you. We just had numbers out from u. B. S. About 15 minutes ago. Manus cranny is interviewing ergio armanti. Manus will be back me with a preview. The interview will be airing on Bloomberg Television at 7 00 a. M. London time, 8 00 a. M. If youre across the continent. U. B. S. Income beat estimates. Were underway with the earnings season. U. B. S. Kicking off with the major banks. I want to show you the close yesterday in the Banking Sector in europe. They close up more than 6. We is that you read of course into u. B. S. The stoxx 600 bank closed spoup 9 . A strong start in europe for the financials. Lets take a look at what were pricing in this morning when
Dimer scraps its forecast for higher profits amid the pandemic. Results come they can pass. Credit suisse provides a full picture of its First Quarter. Dont miss that exclusive interview. Into some ofget those storylines. This is about a First Quarter that will be difficult to assess. Thats a beat, during the First Quarter, Credit Suisse beat on the estimates, delivering 1. 3 billion. For everyone who has a bloomberg terminal, look jump in there. Francs, theswiss estimate was for 203 million. All of the swiss banks have already adjusted and announced a dividend. Instruction there will be more impairment to come. Thats the top line. Nejra absolutely. As you hinted at, one corporate casualty in the Coronavirus Crisis has been dividend payments. Credit suisse has already said they would hold back on some of the payouts. Ist First Quarter provision the red headline to focus on. As you say, they may see more impairment come, another line dropping is that Credit Suisse may see more reserve b
Italy pare down its economy to essential services. The United States tells citizens to reconsider travel abroad. 125,000. Ses to pass manus warm welcome to daybreak europe. A spectacular implosion in confidence in structures, government response, and the fiscal response from the United States. We have recovered some of the ground, 1. 5 . Australia edges a bear market. Travelstaring into a no edict from the United States of america. 17 trillion in aussie response mechanisms on stimulus. Trying to avoid a recession for the first time in 30 years. To the bond market, jp morgan warned very clearly about the threat to the bond market. 0. 5 is on the way. Trump spoke and they shredded the treasury market. Down by 15 basis points. The fed is galvanizing itself. , 175 billion. O global headt is the of flow Strategy Solutions at societe generale. Good to have you with me. First take, i would say it is an implosion of trust in confidence in response from the u. S. It clearly is a major issue. Wh
Warrens socialist policies. Highly destructive to your Retirement Plan so just watch out, on the show today. We will say the same thing about gamestop. The video Game Retailer down and almost out. You stream games these days, dont you . Dave busters, watch out. They predict a sales decline. Ouch, not good when we are spending more and more on eating out. The stocks way down. As for apple, the big news there is cheap streaming, 4. 99 a month and a cheaper phone, 700 for the new mass market iphone. Investors just shrugging it off. Yes, it is september 11th. 18 years on. We all remember. Varney company is about to begin. Stuart lets start with money. We are going to go up at the opening bell today. Futures are flat to slightly higher. Look, 44 up for the dow, 14 for the nasdaq. Do Pay Attention to the dows level, 26,938. That means its about, what, 400 points from the alltime high. Flat to slightly higher this morning. North Carolina Republican dan bishop wins the special house election.
Monday. John roberts, great to be back after a few days not being able to talk. Gillian and glad to be back with you on the new set, its awesome. This is america reports, the desperate search for survivors is continuing across maui. John Recovery Teams with cadaver dogs going building to building with the 1,000 that remain unaccounted for. Gillian survivors reporting Warning Sirens never went off and crews say hydrants had no water pressure. No idea what was going on, no siren, nothing. My son was like oh, mom, is this it . What do you tell your kids . Right now the government is letting us down, so its really important that all the people of maui stick together, Come Together And Support One another at this crazy time. Some of my friends are saying you know who is missing, so and so, so and so, so and so, and thats when it clicks in my head a bit. We will build back together, find out what we could have done to prevent such loss of life. John max gordon live on the scene, are official