the wealth enhancement group senior vp nicole webb.ing news out of national of newsa bank, a flow including unexpected earnings being released over a week before the week expected them. also the raising of $3.5 billion in a share sale. person announcing top-level personnel changes. cell --line of the sale, earnings close to 25%. we are getting more lines including the 20% cut to senior-level remuneration. the ceo directed and the chair seeing a reduction by 20%. they are expected also to increase the ct one ratio. reporting that jump of bad debt as well. heavy impact of covid-19. the bad debt including an $800 million for potential impact. in addition to the earnings being disappointing, shares are halted until wednesday pending details of this institutional and share purchase plan. coming up, where is kim jong-un? satellite images showing a train similar to the one used by the leader passing by a coastal compound. this is bloomberg. ♪ ♪ check.let's get a quick deutsche bank said first-quarter results were above market expectations. in

senior vice president nicole webb.olatility, we have small caps, it is not been a great combo here. what do you like? >> liz, thanks for having me. this is not like the denine markets the month past, is it? there is plenty to talk about. tuning in with maria early in the morning, watching your program today, i think that the thing i want to remind investors is that covid likely does not have the ability to impact real growth expectations over the long run. so whether we're talking about small caps or the market as a whole, i think we have to to keep the long term mentality which will be hard to hold on to because volatility is likely here to stay. to your point on small caps though, we have been lessening exposure to them. simply put volatility is more pronounced in that sector of the market. liz: all right. nicole, we're watching the markets once again swooning, two days straight of negative moves. nicole webb, come barks thank you so much. as we wrap up on a tough day for the bulls certainly, what i need you to do tu

i want to bring in wealth enhancement group senior vice president nicole webb.ust give us a quick assessment, we have a minute to go in the show, i want to just tap into your expertise. how are you handling this, what your clients are saying to you and what you are saying to your clients. >> yeah. you know, charles, it's good to see you and good to see you are doing well. when i look at the enthusiasm in the markets, the conversations we are having with our clients is they feel like they have an element of control. their choice is to stay home, do the right thing, that's what's driving the market down and they look at that as an opportunity because on the far side of this, when they have the transparency to go back to their new normal, their normal lives, they will go right back to where they were before this moment so as we drive towards that transparency and that clarity around antibody testing and future vaccinations -- charles: got to leave it there, nicole. got to leave it there. >> -- there hanging out with their families, their grandchildren. charles: got