Future and later, President Trump says the time for negative Interest Rates is now. So were breaking out our crystal ball to see what the market will look like in a world of negative rates and we start with the market selloff the stocks tumbling after the path forward is highly uncertain and subject to many downside risks. The prolonged recession and weak recovery can discourage business advancement and expansion further limiting the growth of jobs and the pace of technological advancement. The result could be an extended period of low productivity growth and stagnant incomes. And then theres this, Stanley Drunkenmiller telling the Economic Club of new york that the risk reward for equities may be as bad as hes ever seen and scott telling scott wapner that this may be the second most overvalued market hes ever experienced so did the markets just get a big dose of reality, guy first of all, i know youre not in charge of music at cnbcs fast money and im getting ready for the twitter hatr
Call . [roll call] chairman commissioner adams . Hes on another call. Hell join us later. Chairman okay. Commissioner gilman . Yea. Commissioner macros . Yea. Chairman commissioner wuho . Yea. Chairman the approval of the minutes, march 10 and march 19, 2020, minutes . So moved. Second. [audio background noise] the pledge of allegiance . I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation, under god, i indivisible, with liberty and justice for all. Okay. The pledge o pledge of allegiance. Chairman item 4. [the pledge of allegiance said again] [audio breaking up] okay. Please be advised that a member of the public has up to three minutes to make pertinent comments on each agenda item. Please note that during the Public Comment period, the moderate will instruct dialin part parents to partici. Audio promps will signal to dial in when they are enabled for commenting. Item 5, executive directors report. Good afternoon, commis
Yea. Im sorry, we need to do a roll call. Amy, can you do a roll call . [roll call] chairman commissioner adams . Hes on another call. Hell join us later. Chairman okay. Commissioner gilman . Yea. Commissioner macros . Yea. Chairman commissioner wuho . Yea. Chairman the approval of the minutes, march 10 and march 19, 2020, minutes . So moved. Second. [audio background noise] the pledge of allegiance . I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation, under god, i indivisible, with liberty and justice for all. Okay. The pledge o pledge of allegiance. Chairman item 4. [the pledge of allegiance said again] [audio breaking up] okay. Please be advised that a member of the public has up to three minutes to make pertinent comments on each agenda item. Please note that during the Public Comment period, the moderate will instruct dialin part parents to partici. Audio promps will signal to dial in when they are enabled for comme
[roll call] item 2, approval of minutes for the march 10 and march 19, 2020, meeting. So moved. Second. Second. All in favor . Yea. Yea. Im sorry, we need to do a roll call. Amy, can you do a roll call . [roll call] chairman commissioner adams . Hes on another call. Hell join us later. Chairman okay. Commissioner gilman . Yea. Commissioner macros . Yea. Chairman commissioner wuho . Yea. Chairman the approval of the minutes, march 10 and march 19, 2020, minutes . So moved. Second. [audio background noise] the pledge of allegiance . I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation, under god, i indivisible, with liberty and justice for all. Okay. The pledge o pledge of allegiance. Chairman item 4. [the pledge of allegiance said again] [audio breaking up] okay. Please be advised that a member of the public has up to three minutes to make pertinent comments on each agenda item. Please note that during the Public Comment pe
Yearoveryear, and that is demonstrating that both on the revenue side and on the expense side, the impact of the restructuring is making itself felt. Iose would be the things would focus on. The overall performance, obviously, is weighed on by the cru and the losses in the cru, but even there, we are progressing basically in line with our plans both for deleveraging and cost reduction. We also had earnings news out from daimler as well as volkswagen, and youve got some earnings lines coming in from barclays. Anna absolutely. We continue with the banking theme. We have Net Operating Income coming in at 4. 70 one billion pounds, a touch below the 4. 60 one billion that had been penciled in by analysts. Theres been a lot changing, of course, since the month of march, especially the volatility, as we know. Interesting to look at what has happened in the Investment Banking part of the business as well. 3. 62 billion dollars, well ahead of the estimates for that particular part of the busine