Looking for down the road . Paying Capital Management president paint right joins me now. Brian hopefully you have all the answers. A lot of investors are worried about the records have being markets having where they get invested. Luckily i do have all the answers. In the first thing you look at a statistically you have a big year in the market, its an up year. The following year is an up year the following year is usually 11 . So based on history momentum should go pick up and move into this years well. Trade tensions were huge issue in 2019. Moving forward that has become less of a worry for investors. But when you take up a table completely . You can hear a lot about phase ii this year. So that we something that the strategist will warn you thats a big deal. I think the fact that weve gotten through stage one already thats a big deal. Across the pond you have brexit that looks to be some clarity around that. Reading geopolitical issues are a lot more clear this year which is an abo
Trailing it, microsoft, about 50 for the year joining us, ted smith, cofounder cramer likes to say apple is the key to the market. Do you agree i do. What about it is so important . I think the breadth of technologies they deliver to consumers and enterprises over time, and the fact in the latest cycle where they come out with apple pay, apple card, all of the partnerships theyve got going, in addition to core products, theyre so dominant on so many fronts. Getting investors familiar with new fronts has been a bit of a challenge this year, feels like were getting there, wouldnt you say the thing we talked about is slowing of iphone sales. The dominant apple story of the last decade is actually coming, that chapter is over they have to transition people to things like subscription services, streaming is one of the big wars payment, theyre doing more retail things now. With apple credit card, i think as a new chapter opens, were seeing more and more stuff like that. You talk about apple
A warm welcome to the programme, briefing you on all you need to know in global news, business and sport. And you can be part of the conversation. Today we hear from a new survey that finds people who quit facebook has become less repressed and more productive, so has ditching facebook made you more happy and. Using it would make you better with money . Thats what the survey said. Tell us what you think, just use the hashtag bbcthebriefing. Boris johnsons eu envoy is preparing for another round of talks in brussels on the latest brexit proposals put forward by the uk. Central to the plan is the idea that the whole of the uk leaves the eus customs territory but that Northern Ireland stays in the eus single market. But the blocs leaders say the proposals fall short of whats required to get a deal. Our europe correspondent, adam fleming, reports. David frost is facing a barrage of questions about the uk proposals. They foresee Northern Ireland following eu rules on agriculture and goods,
Topped estimates signaling optimism around new Iphone Models. It is different for samsung. Shares drop after reporting sharply lower profits amid global trade tensions. Matt welcome to bloomberg daybreak europe. We are getting figures from Credit Suisse in switzerland, secondquarter net income was 937 million swiss francs compared to the estimate for 788 million swiss francs. Really beating the estimate on the bottom line. As far as revenue, Credit Suisse says Second Quarter net revenue was 4. 5 above the street estimate. Total revenue was 5. 50 8 billion swiss francs. The estimate was for 5. 34 billion francs. Leading on the top and bottom line, secondquarter wealth 9. 5gement net new assets at billion swiss francs. Credit suisse, doing quite well in terms of the streets estimates. A beatit comes in as it for bnp paribas, secondquarter net income, 2. 40 7 billion euros. Euros. 7 billion looking through the details, bnp paribas Second Quarter revenue rising 8. 8 to 793 Million Euros. F
Platform. Some republicans on the Committee Also skeptical of facebook plans. The chairman of the committee saying he applauds facebook for trying to utilize their platform to serve underserved communities in the Digital Currency platform. The bottom line comes following a host of different hearings scheduled for this week. David marcus will testify before the House Financial Services committee tomorrow. Lets not forget Steven Mnuchin yesterday at the white house raising concerns the administration has with regards to the Digital Currency field. David before that we had chair powell from the fed raising concerns last week. ,f you were mr. Marcus listening to everything you are hearing from the senate, would you walk away having a better sense of what congress once from him . Kevin that is a great question. The short answer would be no. In talking with the Internet Community and the lobbying groups in washington, d. C. , as sympathizerschain who believe this is the future, they make tha