Strengthening as asiapacific nations signed the Worlds Largest regional freetrade deal. President trump plains fresh hardline moves against china. M a at the double. Pnc financial agrees to buy a usa unit for 11. 6 billion and creating a european giant. Very good morning to you. Market,to bloomberg the european open go lets get the european open. Revenues coming in at 21. 4 3 billion euros, just a touch ahead in line with the estimate, reaffirming their cash flow guidance for the full year 2021, something perhaps to have that kind of visibility at this point. They say they are on track to ipo. This has been a talking point, what kind of money were they going to raise . There has been talk of perhaps a 4 billion euro ipo coming next year. , it hasthe same unit been valued by some at 20 billion euros. That would make it the largest listing in europe in more than three years. We will be keeping an eye on that. Vodafone said they are on track with that plan. Marketst to the broader and loo
Reportedly uncovering Quality Control concerns at eli lilly plant set to manufacture its covid antibody treatment and apple debuts the new 5g phone line speedier devices, also coming with an even heftier price tag carl, back over to you. All right jim, on the banks this morning, conversation once again about loss provisions. Also about bond trading at goldman. I dont think it is just bond trading. I think goldman did a remarkable job taking some share, which i say remarkable because imagine youre at home, zooming and taking sharefrom others. I do believe that goldmans back to its old ways which is that it is a dry cleaner it doesnt have any risk remember, dry cleaner, what do we do with the dry cleaner give them our clothes and pick them up and they make money. That has been the goldman way until a couple of years where i think it got wayward where it became much more about, hey, lets invest in this, invest in that, no, to me, what theyre investing in, that i really like, theyre invest
Not for a not for profit group. 251 Mass Shootings in the u. S. David so the shootings over the weekend were one of Many Political developments were watching all over the world this morning starting with those violent protests in hong kong. President trump tweeted this morning in part, we cannot let those killed in el paso, texas and bloomberg daybreak die in vain. We can never forget them and those many who came before them. He just tweeted out a few moments ago. The new york stock change and the nasdac will observe moments of silence and President Trump will make a further statement later in the day. We welcome marty schwenneker to the show. The president said hes in favor f background checks. Thats not going to happen. It did pass the house overwhelmingly. It was stocked like a lot of legislative efforts in the senate. Mitch mcconnell can bring that bill to the senate floor. He can call back the senate to pass such situation but conflating it with Immigration Reform is just going to
Weve got a big show coming up and interview with wilbur ross this morning and acting director mark morgan mere to talk border crisis and member of the Senate Budget banking and Arm Service Committee also here this morning on technology, trade, to discuss the real estate market, as we get house hadding data out as well. Plus founder of chairman and chairman of Equity International joining us this morning as well. Dont miss a mommy of it weve got a big three hours joining conversation this morning, cfr investment strategist lindsay belle here as well as former home ceo former ohio state is a senator minority leader American University school of Public Affairs president , capri great to see everybody this morning. Thanks so much for being here. Good morning its exciting. Excite because here we are in the beginning of another week of Second Quarter earnings and were going get a good window into the economy. Lindsay what can you tell us in terms of how earning season has kicked off. So far
Stocks, erickson down 6 . The Network Equipment maker continues to suffer from the disappointing story turning out to be 5g. It is not delivering in the way a lot of people had anticipated. The nordic private equity stock down 7 . Talking about a slower fundraising environment, talking about the fact that they are thinking about novel ways to deliver on exits. Private auctions is one possibility. This is traditional exits the private equity market would normally use in the Public Market not working right now. We will talk more about this in a moment. Alix alix i am very surprised the s p is only down. 2 despite the fact that the 10 year yield is jumping higher 11 basis points and we get hot retail sales. It is not just that they missed estimates but they reaccelerated to the upside. The sox is not helping, this is the semiindex, on news the u. S. Could limit nvidia chips to china. We also has asml tomorrow. Something here does not make sense. We saw the same thing yesterday. I want to