Crude getting wrapped into all of this. We get inventories coming out at 11 00, all of that wrapping into the story that maybe we arent that good at dealing with the virus again, despite what happened in the spring, and how that narrative will feed into your equity and asset allocation. The other story we are following his Morgan Stanley, the last major big bank to report earnings. Really wrapping out a winning week for wall street trading desks. The highlight was fic revenue rising 30 . That helped drive revenue above estimates. Also, equity underwriting fees came in double more than year before. Very solid. Now the question is, can it continue, particularly when it comes to the visibility of the election . Joining us now on Bloomberg Television and radio is jonathan pruzan, Morgan Stanley cfo, as well as sonali basak, bloomberg wall street correspondent. It is good to have you. Killer numbers, particularly when it comes to fic. What visibility do we have now for the Fourth Quarter .
5 on a 30year yield briefly. Very close to 4. 90 on the 10year yield. Tom mathematics is important and we do not do methods early in the morning. From a careful analysis to looking a vector down freefall. Something changed yesterday and mathematics went out the window. This is a warning of price analysis and fixed income. Not to be inflammatory but it borders on freefall. Jonathan our price has been hammered, particularly over the last few months. 4. 8146 on a 10 year maturity. Lisa a what is the Circuit Breaker . It is not coming from washington, d. C. This not look like there will be a resolution without leadership. Job openings are coming out stronger than expected and manufacturers are also better than good. What point do you get a Circuit Breaker from something other than people who start to buy . Jonathan over on a speaker liz house, he had to say, this is wholly consistent with the broader structural concerns regarding American Local dysfunction and the countrys trajectory. Thos
All right, well, thank you very much. We have one more meaning in our panel today before we break, and that is a eally urgent panel focusing on immigration reform. Its no secret that immigrants play an extraordinary role in this country. Everybody who is here is dissented from an immigrant descended from or is an immigrant. You think back to our great innovators, we would not be where we are were not for our immigrants or immigration policy. The other thing is as business leaders, we often find it difficult to find the talent or skill in the work ways to meet our business needs. Here to discuss all of that is another great panel led by a principal economist at the Conference Board. Her research focuses on consumer markets, labor demand, and Household Research markets. She also serves as adjunct professor at George Washington university and georgetown university. She immigration reform. Its no does not have to travel arsons both are relatively close together and down the road. Panelists
Its no secret that immigrants play an extraordinary role in this country. Everybody who is here is dissented from an immigrant descended from or is an. Mmigrant greatink back to our innovators, we would not be where we are were not for our immigrants or immigration policy. The other thing is as business leaders, we often find it difficult to find the talent or skill in the work ways to meet our business needs. Here to discuss all of that is another great panel led by a principal economist at the Conference Board. Consumerrch focuses on markets, labor demand, and Household Research markets. She also serves as adjunct professor at George Washington university and georgetown university. She does not have to travel arsons both are relatively close together and down the road. Panelists include the president of posey institute, the ceo in general of the Thunderbird School of management and the president of freshdesk. Welcome, everybody. Diane thanks. I was sitting outside the room for the la
Banks and commodity stocks weighing. The nikkei dropping more than 2 . The index is down more than 10 since the beginning of january. In the u. S. , stocks coming off a wild session. The dow traveling more than 1,000 points yesterday during a very choppy session. This despite a relative ly leve trading range of 256 points. A big move yesterday. Sharply higher open for the dow jones. The s p opening higher as well as the nasdaq. Mike, Deutsche Bank says theyre going to buy back senior debt, potentially. Why would that move the u. S. Markets . Why would that help Deutsche Bank with its capital . You have a bid in the market, especially in the bank stocks, right in the afternoon when you got that report. Clearly the market likes it. It signals Deutsche Bank can do this, that it has the liquidity to buy back the debt. Its almost a signaling mechanism to say, were not so constrained, we dont have a liquidity trap right now, and we can actually do this if we want. Thats one reason. If the co