Donald trump orders in and to hong kongs special status well signing legislation to sanction chinese officials. Beijing vows to take strong countermeasures. Earnings season continues. In the united states, Goldman Sachs reports after jp morgan, citigroup, and wells fargo set aside almost 28 billion for bad loans in the Second Quarter. Welcome to the program. Just under an hour away from the start of the cash equity trading day, lets have a look at futures. We do have a lot to talk about when it comes to the Banking Sector and the bad debt story in the u. S. All of that was quite dominant in yesterdays session, but we do have some catch up to play in the europe in europe. Plus, we work in the latest trial data from moderna over in the u. S. That particular vaccine getting some headlines. As a result of that, we see that lifting stocks in asia and futures in europe and the united states. Lets get to some breaking news. Some numbers coming through from burberry. Lets get to those in the f
A couple of big stories this morning. Peloton pricing the ipo. Price tag at 29 a share raising about 1. 6 billion now valued at roughly 8. 1 billion makes about a billion in revenue but loses 245 million annually. Now under the ticker pton. The peloton ceo will join us live this morning. If you have questions sen them in peloton. 245 million in losses well talk about the math of that and where they see profits and what it all means. Does anyone know about the treadmill . I do. It is expensive. It is about 4,000 the bike is about 2,000 plus. I have one. The bike is quite a piece of equipment. It is heavy. It is really well made i just got one two weeks ago. You can have someone screaming at you you can go outside. It is there, all free. Eamon javers is with us the hardware is a highmargin product. Higher now than an iphone. It is the services and the investment and the media component costing them they are doing a lot of build outs is that recurring cost or eventually be built out . The
Transparent and prevented the creation of rents and sons who were taking the countrys economy in lala , the marriage loan limit was shortened by the bank central announced the reduction of 100,000 people in the queue to receive marriage loans. The signing of the largest contract for the purchase of renewable electricity with a capacity of more than 1,300 megawatts. Flood victims in a league of 5 thousand the minister of health of this country has predicted that the number of victims will increase to 10,000 people. He wrote that on the eve of the month of october, stationery will be offered with a 20 discount. The goal of meeting the needs of industries, iranian experts succeeded in producing carbon dioxide, this factory alone provides 35 of the countrys needs, from which american and european experts and the end of american domination in the world, just two days of news tonight for signs and indicators of americas decline the former superpower of the world what is it in the name of all
Today. The single most important piece of information that they release. The dow gained 29 points and the nasdaq fell. The market is down right shocking the bank stocks have been rallying for days since the economy is red hot hot enough that the fed might have to raise rates repeatedly the hope of fast paced rate hikes have been driving the financials higher and i have told you that the financials are the most important leaders of the sector out there not tech, not health care. Not even industrials but the fibs as we call them is to help the Banking System with a big job loss in retail, no doubt thanks to amazon and online brethren the industrials and the transports caught fire the former because maybe the fed wants to strangle the rapid rate hikes but a lot of the transports are connected to the ecommerce throw in the big pushes from the Analyst Community from amazon and apple, two of the market generals and you get new winners all plumped up to feed the beast. So can the beast contin
Hear from anyone, stocks are cheaper. When you see stocks that help with the dow gain 41 points, s p inched up. 07 something is afoot no im not saying things cant go down from here, item saying somethings happening that weve gotten this elevated to begin with what go i mean when i say stocks could be less expensive than they appear today . It has to do with the future of earnings and what were seeing so far this morning Johnson Johnson which has the best balance sheet, report a blistering numbers of pharmaceutical sales of 15 i department that from a Bio Tech Company when you look at Johnson Johnson, this stock sells for just 18 times next years earnings estimates how does that make any sense cole gate much cheaper growth sells only has a fraction, sells for 24 nelson pelts the investor who lost the election is upset that the Largest Consumer doesnt innovate anymore, it trades less than j j i just think theyre expensive and j j is ridiculously cheap. How about United Health group . We