Been working hard on cost has been creating this leverage. It the perfect storm of volatility that helped you in the Third Quarter . Sergio it has been coming down to a more normalized level that may be sought before 2018 and 2019. I think it is a combination is a more stable market environment, but the effect of all the new initiatives that we could set for growing, and which are starting to pay off. Manus youve got a strong message in the dividend. There has been an accrual of cash and buy back. When can we realistically expect the regulator to let you and ubs pay those dividends in 2021 . Sergio what it seems for investors is, basically, our message that we are very determined and committed in implementing our capital return policy. We are flashing our intentions to have a good solid Cash Dividend, but also complemented with share buybacks, and the fact that we are highlighting what we have done so far this year by creating this 1. 5 billion reserve is a testament to our commitments
Putting your money . Plus yesterday we brought you our america invests together virtual town hall. Well continue to answer your questions. As violence erupts across America Joe Biden tries to separate himself from the rye oats as he visits the ratest hot spot kenosha, wisconsin. His message of law and order is beginning to close the gap. All that and much more on making money. Charles the meek shall inherit the stock market rally. Dow jones industrial average, finally broke into the clear yesterday, out of the shadows of nasdaq and s p with a strong performance. It moved the index back above 29,000. Three major equity indices are floundering. It is clear money seeking out blue chip names. Within the s p 500, biggest losing sectors for the year, theyre coming on with h with gangbusters. They are universally loved. Stocks associated with reopening the economy are dominating the toppersage gainers, cdc there are reports out they want states to be ready for Vaccine Distribution by november
The only stocks that are doing well right now, some of the reopening trades and some of the big laggers for the year like cruises and airlines and some retailers still in the Green Energy Stocks also outperforming. Is this the start of a serious correction or a buy the dip opportunity were diving into that debate. 59 minutes left of trade 59 minutes of of this roller coaster session. Lots of guests as well the market pulls back. Well speak with three ceos that got insight into the state of the consumer, their spending and recovery in america. The ceo of campbells soup will join us on the back of had his companys Earnings Results that stock down 7 right now plus, well get two reeds on the beaten down travel sector with glenn fogel and mark hopelinger. Well speak with nick clegg about the new policies surrounding the election looking forward to that one. Lets get straight to our top story of the day the market selloff Mike Santelli has more on the major market pull back. A big pluflush o
In spain, new infections slowed slightly but officials are worried about a second wave of covid19, now that the country has emerged from a strict lockdown. In portland, oregon, another night of violent protests. Targeted a u. S. Immigration and Customs Enforcement building, spray painting the building, breaking windows, and shining laser lights on agents. Authorities declared it a ride and used tear gas to break up the crowd. Violence is ripped the city for three months since george floyd died in Police Custody in minneapolis. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 6 00 p. M. In london, and 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories we are following from around the world. A stumbling block for the u. S. Labor market as applications for Unemployment Benefits inc
You could even saying its just gone 9 pm here in the russian capital no watching on t. V. International banks to keep me company as we take a look at some of the stories being talked about today and for our stop a Police Officer has been suspended in the u. K. Often being filmed kneeling on the neck called the black man he was arresting. Going to prison for. Youve. Got your. Front load on stewart according to police the man being detained was suspected of having a knife as the officers struggled on the ground a crowd of people gathered and they actually filmed the incident while what happened is being investigated that has reignited debate about appropriate use of force. Im deeply concerned about todays incident and it is right that met police u. K. Have referred the case of the independent Police Watchdog black londoners still face discrimination and we must work with the community to build trust in the police the do footage that i have seen today in the circulating in social media is