Crude getting wrapped into all of this. We get inventories coming out at 11 00, all of that wrapping into the story that maybe we arent that good at dealing with the virus again, despite what happened in the spring, and how that narrative will feed into your equity and asset allocation. The other story we are following his Morgan Stanley, the last major big bank to report earnings. Really wrapping out a winning week for wall street trading desks. The highlight was fic revenue rising 30 . That helped drive revenue above estimates. Also, equity underwriting fees came in double more than year before. Very solid. Now the question is, can it continue, particularly when it comes to the visibility of the election . Joining us now on Bloomberg Television and radio is jonathan pruzan, Morgan Stanley cfo, as well as sonali basak, bloomberg wall street correspondent. It is good to have you. Killer numbers, particularly when it comes to fic. What visibility do we have now for the Fourth Quarter .
Well as in london. We begin with a biggie week a busy week for Central Banks. Bank of japan says they will take on unlimited buying of Government Bonds, lifting the cap also on corporate holdings. I, he joins us now. , kitchen sink, we are still throwing it. Michael Central Banks are all as string the question of what you do when you have throwing the kitchen sink. In the back of japans case, you just make the sink a little bigger. The bank of japan already has negative rates, Corporate Bond and etf buying, and an emergency Lending Program, so they just decided to make those programs a bit bigger. Unchanged at rate 10 basis points. Remember, they do yield curve control. They mentioned they would buy as many Corporate Bonds as they need to and expanding access to its Emergency Loan Program for a wider range of banks. For analysts, theres a bit less here than meets the eye. They dropped their ¥80 trillion limit on Government Bond buying, but they werent buying anywhere trillion, so it d
Home depot on the agenda will the result lead to a remodelling project for that stock . The race to be the leader in the fast growing Artificial Intelligence market as rbc tells us who is ahead of the pack and who is lagging behind. It is tuesday, august 15th you are watching Worldwide Exchange here on cnbc good morning welcome to Worldwide Exchange. Im the dominic chu in for Frank Holland. Lets kickoff with the equities which are sliding. Dow is implied lower by 165. S p lower by 17. The 43 point slide for the na nasdaq you see the yieldsin the bond market moving in that mentality as well with a little bit of selling pressure which is pushing the yields higher. 10year treasury is above 4. 2 4. 216. The 2year treasury is pushing up on that 5 mark 4. 967 30year treasury is a hair below 4 in the energy markets, signs of downward moves wti is down. 20 82. 35 similar for ice brent. 86. 12 is the last trade lets get to the developing story. China central bank cutting Interest Rates amid mor
Capital One and Discover walked away from talks before reaching a deal americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
Discover Financial Services, the lender that agreed to be acquired by Capital One Financial Corp. in the year’s biggest announced deal, posted a sharp drop in first-quarter profit as it worked to ad.