Good to see you. The question is, what has gone wrong here . This is a similar situation to the midland bank and its situation some 30 years ago. Bank and its situation some 30 years a. O. Bank and its situation some 30 years ao,. ,. ,. , bank and its situation some 30 years 80. ,. , [iii bank and its situation some 30 years ao. , [iii ,. , bank and its situation some 30 years ao,. , xii,. ,. , ago. Yeah, about 30 years ago midland bank ago. Yeah, about 30 years ago midland bank was ago. Yeah, about 30 years ago midland bank was a ago. Yeah, about 30 years ago midland bank was a bank ago. Yeah, about 30 years ago midland bank was a bank that l ago. Yeah, about 30 years ago i midland bank was a bank that had very little capital, was barely making any money and because it didnt have much in the way of capital or money it was finding it difficult to make any money. I was involved in a project at the time to try to help it to make as good use as a good of the little Capital Letter got in o
Restrictions, making the market more isolated . Do they want us to exempt investors risking more capital flight . Were seeing the majority of the markets moving through there. Lets have a look at some of the stocks that are moving today. Earnings big on investors minds at the moment. Credit suisse, secondquarter net income Beat Estimates, even though its of investment that is rallying this morning. Unilever, secondquarter sales growth Beat Estimates there on betterthanexpected gains in latin america. Finally syngenta profits Beat Estimates. Strengthening the case for it to reject that take over. Strategists pretty bullish on european earnings for a number of reasons. Lower Energy Prices for one. Of course, because of a weaker euro. Lets take a look at that. Trading pretty flat against the dollar at the moment. It has been resilient during the whole greek crisis. Dont rest on your laurels because a number of people say that may not last. Comments saying the ongoing crisis will erode dem
Gas dime was profits of 64 daimlers profits of 64 . Live from europes headquarters in london. I am manus cranny. Smash estimates reporting it welcomed the news for the bank which saw a lot of 700 million francs. Francine lacqua is on location today. She is out and about, catching up with the new ceo Tidjane Thiam. What is the news . Francine we try to quiz him. We have to remember these are not his results. He is only been on the job for 20 days. Once it these figures will lay out the strategy on which he will overhaul the bank. That strategy will be revealed by the end of the year. The key to this is the new strategy should be release some of pressures from secondquarter results. Tidjane performance of private bank is a strong. Driven by asiapacific which we have a strong interest in. They were very pleased with the way things were developing. Profits were up 150 in the Second Quarter. [indiscernible] 54 billion. 4. 2 of Asset Management. Very strong quarter. If you think about Credit
Points s p backslid, nasdaq declined. Stock market is a market like any other market. When theres too much demand, stocks go higher when theres too much supply as in the last couple of hours of the day, stocks go lower today you can see supply and demand dynamics in action. Often forget thats what its about. Demand side of the equation. Right now all about tech, transports, huge demand for Semiconductor Stocks, gaming stocks, data center, ecommerce, social media and so far. Airlines, freight and railways where is the supply coming retail sector. Bordering on travesty. So much merchandise for sale in the retail aisle of the stock market theyre marking it down as if the whole store is closing. Sell sell sell sell sell sell sell sell sell sell sell sell sell. Its a total Liquidation Sale oils are headed down too this is another story weve seen before too much oil in inventory and no place to put more of it. Oil Companies Keep selling futures struck at 50 a barrel nothing has changed. Crud
Our road map begins with macys down double digits on the earnings miss. Shares of kohls taking a hit. Shares of snap also plunging more than 20 after its first public Earnings Report. Didnt go too well. But well dig in on the quarter. Fireworks expected on capitol hill later this morning. Acting fbi director Andrew Mccabe will take the stand in place of james comey. But first, comps are below consensus, down 4. 6 on the owned plus licensed basis. Macys says it expects the sales decline for the full year. This is nine straight quarters, jim, they have had comps in the red. Yeah. Ive got to distinguish macys from kohls here. I thought kohls was a decent number. Kohls got better and better and better and they have lean inventories. Macys what can i say . They dont have it. They are the ones when you try to figure out who exactly is in the crosshairs of the moment, i come back to macys. I just feel like that the you could floor by floor. Aisle by aisle and theyre being challenged. And it i