Were going to talk more about the tech sector. Is this a market moving event . We will get a take on whether the market should be paying attention to this. The banks are having a big day in europe. It is been a tough day. Barclays traders had a blockbuster Second Quarter. The lender is anticipating that the crisis gets worse. The ceo had this to say. Clearly there has been an extraordinary Economic Contraction globally. Particularly in the United States and in the u. K. A sizable reserve. The vast majority of that are derived by our risk models where we put economic forecasts into the models. Future unemployment rates, gdp rates etc. Those models produced impairment numbers. We think we have been conservative to build proper reserves. Economye how the particularly in the u. K. And u. S. Unfold in the next couple of quarters. We like the comfort of having strong impairment numbers. At the same time maintaining profitability for the bank. Youram looking at Investment Banking business. Fi
Being deported. His former National Security advisor john bolton, won a court case to allow a bomb shell book to become public, it is a devastating look at a president trying to do just about anything to win reelection. Then controversial firing of the federal prosecutor investigating trump allies Rudy Giuliani and michael cohen, most troubling that the new number of coronavirus cases in some cases has spiked dramatically, but President Trump continues to down flay virus. The we stopped testing right now we would have very few cases if any. It is fading away. It is going to fade away. I said to my people, slow the testing down, please. They test and they test. Brennan is politics getting in the way of common sense . Restrictions in blue western states like california and oregon have tight end in light of the increases, but many of the Southern States that are republican leaning have been slower to respond. We will talk with the top democrat on the Senate Intelligence committee, mark wa
The latest on the road ahead for its potential vaccine. Retail back in the spotlight again, once again, two companies that have remained open reporting target and lowes. Markets this markets posed for higher opening. Dow trails up 294 points right now, 1 and a quarter percent higher, s p up 33 and nasdaq higher by 103 points. All averages better than 1 . Concerns over modernas vaccine trial led to lateday selloff yesterday. Delta Airlines Adding Flights as the country reopens. Ceo of delta is here ed and find out when he expects to see domestic and International Travel bouncing back. Measures to keep passengers safe and boeing prediction that Major Airline will go out of business by the fall. Demand for car products risen 500 . Hard to find on store shelves at 8 30 a. M. Clorox ceo, how they are trying to meet demand nor 5 Dividend Increase and what the future of the business holds. Clorox this morning. Newly declassified email from susan rice showed she tried to protect then president
Ahead of the trade talks in washington we just heard from President Trump on those trade talks lets get straight to kayla in dc with the latest. The markets have been whipsawing all day in response to chinese officials telegraphing exactly how they feel about the trade talks earlier today we had chinese officials telling bloomberg theyre open to a partial deal even though theyre frustrated by the black listing of 28 security and technology companies. Then we had a report about purchases of soybeans. Then we had a reuters report later in the day that said that chinese officials because of the black lifting by the commerce department, they are lowering their expectations for the outcome of these trade talks perhaps a shot across the bow to the u. S. Government as it tries to figure out exactly what to do behind closed doors and what potential truce, deal or no deal to accept or leave on the cutting room floor as it were. That report significantly moved the market perhaps the intention of
Independents, 2027488002. You can also send us a text message. That number, 2027488003. If you do, please include your name and where you are from. Otherwise, catch up with us on social media. On twitter it is cspanwj. On facebook it is facebook. Com cspan. A very good wednesday morning to you, you can start calling in now. It was expected to be the most highprofile testimony of the week and there is plenty of reaction to get to. It was a nine hour deposition and most of the reporting comes from the Opening Statement that William Taylor made yesterday. It was a 15page Opening Statement obtained by the Washington Post and other news outlets. Here is a bit of what William Taylor told lawmakers at the outset of his testimony. He said Gordon Sondland told me that President Trump had told him he wants ukraine president zelensky to state ukraine will investigate the Energy Company where joe bidens son had worked and alleged ukrainian interference in the 2016 election. Ambassador sans len tol