On this thursday, jobless are front and center jon jon . A News Conference center. Jon a News Conference over the weekend, lisa, i love this about the great depression. That after delivering record fees worldwide for the firm. Just try to reconcile those things for us. Lisa its a boom of fees in a time of incredible uncertainty coming on the heels of fiscal stimulus and the question is how do they pair these realities . We will have more on that decision at 7 45 a. M. , i am watching it even though guy johnson calls it a snooze. Hopefully the press conference will be less of a snooze. Tom, to your point, jobless claims and retail sales are already anxious history, but we can get a sense of how much momentum there was going into this resurgence of cases in the virus. We are also getting netflix earnings after the bell. Interesting to see if some of these high flyers improve. Me you would never catch characterizing and ecb News Conference that way, would you, tom . [laughter] tom never.
Major hiccups. We now move on to the main event, tomorrows e. U. Council meeting. Is, in theory, that should benefit the btp market. We will see what happens there. I think it is going to be interesting to see what comes through tomorrow. That could upset the apple cart in a significant way. Over the next hour, we are going to be speaking to the e. U. Commissioner for justice as we see a key e. U. Court decision regarding Data Transfer across the atlantic. Is he talking to the United States . What are they telling him . That is going to be an interesting question, to say the least. Today we see bank of america wrapping up the earlyseason for wall street. Shares and Morgan Stanley are higher on revit death record profit. This is driving a 73 jump in total trading. Bloomberg the bank is well prepared to handle this crisis. What we designed was a business that in times of stress will be fine and when markets are volatile we would still perform well across the Investment Banking franchise.
30 minutes into the trading day on this monday. Taylor we look to be a bit directionless. Taylor a little bit of red on the dow, but green for the s p and nasdaq. The rustle up more than 3 10 of 1 . This,f the things driving farm and biotech industry. Gilead is in the s p. Perhaps shum of some of the major averages being pushed up by merger monday. The russell 2000, when we talk about that, it is all about the small caps making a comeback. You can see a little bit of correlation here and in quite a bit of divergence with the s p 500 in blue and the russell 2000 and white. The small caps posted their best weekly gains since june last week, gaining about 1. 4 . Perhaps trying to close that gap. Maybe tax reform is back on the table after we get through the debt ceiling fight. Mergeronday, it is monday so lets talk about a few of those deals we are looking at. Kite andtakeover of the expedia ceo leaving for uber. Gilead has some hepatitis c drugs. Tight is interesting in the Cancer Therap
On efforts to modernize the army was the focus of discussion covering concerns about increasing Global Threats to military readiness. This is an hour. All right. Thank you everyone for sticking around while we made our transition. As i mentioned, were going to roll into the second half of the event where were going to focus on Army Modernization. And today rolling out a report on Army Modernization. Called the Army Modernization imperative. A new big five for Army Modernization. I want to begin thanking the sponsors of that study because without sponsors we dont get to do studies. This was sponsored by a combination of support from general dynamics, d. R. S. Technologies, part ofley nardo and l3, as well. So we want to thank them for their support. Im going to briefly walk through the chief findings and recommendations of the report. Its about 80ish pages but a pretty quick read with a lot of pictures. I urge you to read the whole thing. Ill hit the highlights and well bring up our dis
On efforts to modernize the army was the focus of discussion covering concerns about increasing Global Threats to military readiness. This is an hour. All right. Thank you everyone for sticking around while we made our transition. As i mentioned, were going to roll into the second half of the event where were going to focus on Army Modernization. And today rolling out a report on Army Modernization. Called the Army Modernization imperative. A new big five for Army Modernization. I want to begin thanking the sponsors of that study because without sponsors we dont get to do studies. This was sponsored by a combination of support from general dynamics, d. R. S. Technologies, part ofley nardo and l3, as well. So we want to thank them for their support. Im going to briefly walk through the chief findings and recommendations of the report. Its about 80ish pages but a pretty quick read with a lot of pictures. I urge you to read the whole thing. Ill hit the highlights and well bring up our dis