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1 . 2. 1 . Ericsson right now is down more than 10 . It as well giving a sober picture of asia, saying that it may be a little bit too optimistic on profitability 2020. S for back to the main story in the United States, bank of america with record secondquarter earnings on the Interest Income despite a beat on trading revenues. Bank of america following peers lower. Here with more is the gentleman owner and finance reporter. Stocks are up, clearly not disappointing too much, but a net interest margin. The stock is up i think because the trading results are good. Fixed income trading revenue is unchanged from a quarter of the year ago and that is surprising because all of the other banks that have reported, the big banks including goldman, they had sizable declines in fixed income trading. Bank of america held on to its revenue and thats a good sign. Equities is down but sort ....
We have a lot of time left, we will see what happens. Pushing for concessions in hong kong. The u. K. Parliament takes a stand against in no deal brexit. Parliament saying clearly we will not take kindly if you try to surpass us. Ibm and red hat signed one of the biggest tech deals ever. We will extend their reach into 175 countries. An analyst says recession may be coming, but investors should not fear the worst. It is all straight ahead on bloomberg best. Hello and welcome, i am Rosalind Chin and this is bloomberg best, your weekly review of the most important Business News, analysis and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. Deutsche bank announced a dramatic overhaul of its Global Operati ....
Crucial vote later today we want rules based order because we know it is better for all of us. We have to do it the european way. The european Financial System marks the 75th a anniversary as one of its keystone institutions looks ahead to transition. Well speak to david lipton in his first broadcast interview since assuming the acting managing director role good morning ursula van der leyen has told meps that the continent must stick to its free market rulebased traditions in the face of a changing Global Economy. In her pitch before the European Parliament in strasburg, she said the eu must be able to hold its own with the likes of the u. S. And china with that, lets get out to david lipton who joins us from paris where the bank of france is marking its 75th anniversary. Last time we spoke was a couple month mon ....