we are getting a dividend share number from barclays. this is after the ecb has changed its controls, and in the barclays case, the bank of england has removed any caps on dividends post-pandemic. dividends will continue to be paid semiannually according to barclays. they continue to deliver tension till equity about 20% in 2021. it will remain above targets, the target range is 13% to 14%. it currently stands at 15.1%. total income for the second quarter, 5.2 billion dollars, head of the estimate. the civ, the investment banking revenue, $3.21 billion. that estimate was $3 billion. that is pretty much in line with where the market anticipated. analysts pretty to the revenue would drop around 33%. maybe it is better than that. we saw earlier this morning that the deutsche bank revenue was down by 11%, so it seems that some of the banks in europe are doing better than wall street, where we saw a drop of 40% on that metric. will keep an eye on that. -- we will keep an eye on that. that is the big picture for the earnings. they continue to

i wanted barclays to stay in africa. but at the same time, the regulatory environment post the 2008 financial crisis and barclays is a globally significant and systemically important company, and on that basis, the regulators had increased some of the capital requirements. that made it very challenging to stay in the countries in the manner that we were. so very tough, but it sort of underscores this challenge of having to do things that are perhaps antithetical to what you would like to see happen in the interest of making sure that you're doing a fiduciary duty but also making sure that, over time, as a custodian, this company continues to survive and thrive. i'm happy to see barclays is also very much alive and kicking. emily: as a former banking reporter for five years, that shook me a little bit. i had not heard that one in a while. i want to go a little broader for a moment. you write a lot about board make it, how someone even gets to be on a board and the whole power structure within a board. to go really high le

i wanted barclays to stay in africa. but at the same time, the regulatory environment with the 2008 financial crisis and barclays is a globally significant systemically important company, and on that basis, the regulators had increased some of the capital requirements. that made it very challenging to stay in the country in the manner that we were. so very tough, but it sort of underscores this challenge of having to do things that are perhaps antithetical to what you would like to see happen in the interest of making sure that you're doing a fiduciary duty but also making sure that, over time, as a custodian, this company continues to survive and thrive. i'm happy to see barclays is also very much alive and kicking. emily: is a former banking reporter for five years, but you mentioned should me a little bit. i had not heard that one in a while. i want to go a little broader for a moment. you write a lot about board make it, how someone even gets to be on a board and the whole power structure within a board. to go really

bob doll, andy brenner, former barclays' ceo bob diamond and uber-traderrer sarge gill here to make -- sarge guilfoyle here to make sense of what's happening and what's going to happen. we've got our crystal balls out with the best of if best. crypto's dinged as well, but that's not stopping the spac action swirling around them. in fact, bob diamond just had his spac target with the principal operate orer of stable coin usd. a lot on that coming up. nothing stable about meme stocks lately though. wild moves over the past nine days. the ceo is here the display the new a.i. advertising technology strapping into uber and lyft cars to target you as a consumer, but will they target you as an investor as well to buy the stock? it's a fox business exclusive. but first, we've got to begin with this fox business alert. yes, from this intraday chart of the s&p, the bulls are fighting to stay in the race. right now we do have the s&p down 39 points. low of the session was a loss of 68. and while the dow expect nasdaq also try to avoid sinking back to session lows, the 10-year yield which cratere

my firstbank account was in an african branch of barclays bank . at the time i wasserving on the board and had been in africa for 100 years . and in many ways i had to separate the sort of emotional personal me, someone born in africa and someone committed to africa's progress. ongoing progress in society and the world from the sort of this job of being a fiduciary and a custodian of an organization to make sure that it can survive and thrive over the long-term. it was a very harddecision . i wanted berkeley to stay in africa but at the same time the regulatory environment that you recall was proven by the 2008 financial crisis and the barclays was what you call globally significant and systemically important company and on that basis, the regulators have increased some of the capital requirements and that made it very very challenging indeed to stay in the country that we were involved in and in the manner that we were so it's very tough but i think it's again underlines, underscores this challenge of having to do things that are antithetical to w

my firstbank account was in an african branch of barclays bank . at the time i wasserving on the board and had been in africa for 100 years . and in many ways i had to separate the sort of emotional personal me, someone born in africa and someone committed to africa's progress. ongoing progress in society and the world from the sort of this job of being a fiduciary and a custodian of an organization to make sure that it can survive and thrive over the long-term. it was a very harddecision . i wanted berkeley to stay in africa but at the same time the regulatory environment that you recall was proven by the 2008 financial crisis and the barclays was what you call globally significant and systemically important company and on that basis, the regulators have increased some of the capital requirements and that made it very very challenging indeed to stay in the country that we were involved in and in the manner that we were so it's very tough but i think it's again underlines, underscores this challenge of having to do things that are antithetical to w

at barclays, we are expecting a strong quarter from the dealmakers.his season. last quarter, they had a record quarter. we know they will continue to do well. they are number six at the moment in terms of global dealmaking. that's a couple of spots above where they were at this time last year. analysts are expecting that that will translate to a 6% gain in revenue. that business is flagging a 2% gain in equities trading. they are expecting a 32% drop. the other thing that investors will be watching his cost. last quarter, their costs were higher because they were paying more than investment bankers. dani: it's interesting. when we talk about big earnings, we have to set aside the barclays of the world. credit suisse. it's a very idiosyncratic issue happening there with getting hit with scandal after scandal. what will be the outlook for them? what are people hoping are waiting to hear from credit suisse? nabila: these are the earnings announcements that i'm excited about. that makes me a little bit sad. we are expecting to hear what's going on at cred

joining us for more, bob diamond , atlas merchant capital founder and ceo, and former barclays ceo.d you read into the numbers we got today from j.p. morgan? what did you read into the numbers we got from goldman sachs? what did they have to say that caught your ear? david: a couple of things -- bob: a couple of things jump out. there was one big bounce back from the second quarter of last year, which was probably the low , and very high credit provisioning at the time that got written back. but i think even with a little bit of a down quarter relative to what we have been seeing in some small misses, we still see the outperformance of u.s. banks versus european banks, and a lot of that has been in the investment banking business. we saw posts the 2008 crisis a pullback from the u.k. with barclays and other institutions pulling back, more concerned about the investment bank relative to the legacy in commercial bank. we saw it in germany with deutsche bank. we really thought across europe. i think this is really paying off for the u.s. banks yet there could be somewhat of a shift in

i think barclays, deutsche bank both produced decent sets of numbers this morning. think the chief executives will be disappointed that they haven't seen more follow-through in terms of share price. but i think that is deflating that anticipation of what next, how will things deliver. we find it hard to be super enthusiastic about the banks given some of the challenges they face, but it is undeniably a pretty cheap sector, and probably one where the prospects are improving, certainly from a capital strength perspective. the prospects for the banks are looking ok, and we have seen decent results so far. alix: credit suisse, i seen the bottom of the drama? ben: credit suisse has got some great assets. it's got some strong franchises. if it can put some of the distractions behind it, then it's capacity in asset management and wealth management remains good, and some of the other banks are benefiting. can we put greensill and other issues behind them? absolutely. i think they can catch up with european counterparts for sure. alix: perfect voice on a day like today. ben

barclays is saying they are going to raise base salaries to $100,000.y, they had also announced some policies regarding mental health of employees. they say that junior analysts should take two vacations of five days per year and make sure that is uninterrupted by work. >> how do we deal with these development institutions? >> a lot of banks have been throwing money at the problem. you have jp morgan in that camp. you have wells fargo, some of them are being a little bit more creative than others. jeffrey's for example offering sit -- free peloton bikes. you have all of them offering expense paid holidays and $20 hour -- time off. rishaad: citi is setting itself apart with a private model -- hybrid model. they have been asking if it is the it place to work on wall street. >> as a wall street banker, you would be pretty happy to work at citi at the moment. not only have they given you this hybrid work policy, they have also banned zoom calls on fridays. there was also a vacation day called the citi reset date. they are hoping that different approach to b

the chief secretary to the treasury, stephen barclay, defended priti patel saying the home secretary understood the issues of racism after being subject to online abuse herself. from working with the home secretary that she is taking action in her role as home secretary to go after many of these racist groups. she is taking action against the extreme right—wing groups that ferment many of these things and she is acting as home secretary to tackle this, as indeed is the culture secretary. and as i say, through the online harms bill, we are committed as a government to legislating to tackle these social media platforms who frankly, should be doing far more to clamp down on this sort of unacceptable racism and abuse online. it's part of a wider problem in terms of online abuse. and we will legislate to punish those companies financially if they fail to act and i call on them this morning to take more action to stop their platforms being abused in this way. mr barclay, you seem to be saying that it's ok to say you agree with what priti patel is saying but also agree with what tyrone ming

economist at our place joining us next -- at barclays joining us next.his is bloomberg. ♪ ♪ guy: some signs may be that the u.k. economy is starting to stall out little bit. a huge miss on today's gdp number, and maybe we are starting to see actually 21 gdp growth expectations eking out. 6.715% is the survey we are looking at. what you've got here today was a service sector, a leisure and hospitality sector the came roaring back, but actually, the construction sector, maybe a little bit of capacity constraints starting to stall a little bit. not everybody was impressed with today's number. in fact, virtually nobody was impressed with today's number. this is what the bank of england governor andrew belly had to say -- andrew bailey had to say. >> growth in the u.k. was lower than any preceding period and lower than desirable. guy: he's talking there about productivity, not necessarily the gdp number. an important distinction. but nevertheless, a disappointing dataset from the u.k.. predictable? apparently not. a lot of economists were expecting's family m

, he would _ its listening to stephen barclay, he would not — its listening to stephen barclay, he would was asked whether it was gesture poiitics. _ he was asked whether it was gesture politics. or— he was asked whether it was gesture politics, orwas he was asked whether it was gesture politics, or was priti patel wrong he simply— politics, or was priti patel wrong he simply would not go anywhere near it and _ he simply would not go anywhere near it and he _ he simply would not go anywhere near it and he was repeating the unanimous condemnation of the racist abuse _ unanimous condemnation of the racist abuse online. targeting some of those _ abuse online. targeting some of those england players. nobody is suggesting those in government have not been _ suggesting those in government have not been unequivocal on that, what is so _ not been unequivocal on that, what is so striking about tyrone mings intervention is how specific and targeted — intervention is how specific and targeted it is and i think in the end priti — targeted it is and i think in the end priti patel is going to have to

at 7:30am. . ., barclay, about that and other things at 7:30am. ,, . ., ., ~' barclay, about that andpages? _ at 7:30am. shall we look at some of the inside pages? i _ at 7:30am. shall we look at some of the inside pages? i like _ at 7:30am. shall we look at some of the inside pages? i like this - at 7:30am. shall we look at some of the inside pages? i like this but - at 7:30am. shall we look at some of the inside pages? i like this but i - the inside pages? i like this but i don't think it will have another programme. a lot of people have brought pets injury lockdown. visit to bring your pet to work day? yes! that boss isn't listening, come on! some firms are allowing staff to bring in their lockdown companions. we have rufus, a labrador puppy, who has been allowed into the office. rufus ate the shoes of the founder, which was hilarious. x�*fork rufus ate the shoes of the founder, which was hilarious.— which was hilarious. york dogs are oorl which was hilarious. york dogs are poorly behaved. — which was hilarious. york dogs are poorly behaved, i'd _ which was hilarious. york dogs are

let me run through results barclays and profits at barclays almost trebled to 5 pounds barclays will also resume its dividend and buy back up to 500 million pounds of its own shares and today invest horse are rewarding the company for these results. shares up at 4% putting it towards the top of the 600 deutsche bank swung back with profit in the second quarter shares marginally higher there and then in the fashion space montcler shers more than doubled year on year excluding the recent 1.2 billion of men's fashion brand stone island they said the double digit growth as well as online, moncler shares down. the stocks are reporting numbers today. >>> now turning our attention back to the united states. a developing story when it comes to covid and the rapidly spreading delta variant. the cdc is reversing course on the mask guidelines. recommending unvaccinated and fully vaccinated people begin wearing their masks indoors in places with high covid transmission rates this comes as president biden is reportedly going to ask mandatory vaccination guidelines across the federal government. t

my first bank account was an african branch of barclays bank. at the time i was serving on the board and had been an -- make it a bit in africa for 100 years. and many ways i had to separate the emotional, personal me someone born in africa. seven is very committed to africa's progress by all good progress in society and the world from the sort of job at being a fiduciary in a custodian of an organization to make sure it survives and thrive over the long-term. it was a very hard decision. i wanted it to stay in africa. but at the same time that regulatory environment if you would recall when the 2008 financial crisis. it's what's called a globally significant systemically important company. on that basis the regulators had increased some of the capitol requirements that made it very, very challenging indeed to stay in the countries in the manner we were. but sort of again underlining and underscores this challenge of having to do things that are perhaps empathetic goal for what you'd like to see happen in the interest of making sure you're doing

let's find out what she thinks of it all, barclays chief chinese economist, jian chang.e us a sense of what you made of this data thus far and perhaps what we have been able to extract from it, albeit perhaps not 100% correct, but looking like it could be as well. jian: right. i think our forecast is similar to yours, around 20%. we want to be mindful there has been quite a -- although a small scale severe outbreak in southern china. the manufacturing and export hub. the temporary closure of some ports is disrupting transportation, shipments and trade activity in the month of june. it's coming on the downside. the covid situation under control in late june, we shall expect a rebound in exports to the beginning slowdown in the month of june -- in july and august. rishaad: we've got gdp data out in a few days. give us a sense -- you take all the data in aggregate you have been seeing, how does this -- how do you calculate what we are going to get then? jian: yeah, we have downgraded the chinese gdp growth both for q2 and for 2021. it was below consensus. a month ago after

interest rate risk and the yield is so low that -- well, look at year to date the return on the barclaysund type of bond investment is negative we're positive year to date because we have lower interest rate risk. now one thing that's driven high returns from the bond market broadly, particularly over the past 16 months are corporate bonds which got beat up badly until the fed came to a rescue the corporate bond market is the most overvalued in 20 years. the spread is very low by historical standards it's even worse than that if you look under the hood because the maturity of the corporate bond market, this is the investment grade market i'm talking about, has never been higher. the interest rate risk is that of a ten-year treasury the credit quality has been deteriorating constantly it's among the worst than it's ever been and one of the lowest yields on a spread basis if you adjust for maturity and credit quality evolution over the past 20 years the corporate bond market is 13 basis points tighter than it's ever been before versus treasury so your yield is pit fal you're talking at 1.3

we have had ubs, barclays, santander, credit suisse, and many more.f we have shifted on the language. let's get to our deals reporter, the bella ahmed -- nabila ahmed. it is a separate committee to the rates committee at the ecb that decides what happens with bank dividends. what do we know about the shift? we have this earnings season kicking off. what can we expect this week from the european peers? nabila: on the point of the ecb, manus, obviously, they came out on friday and said they decided not to extend beyond september the recommendation that all banks limit dividends. that is going to come as good news for shareholders. all the wall street banks have been unshackled from this a couple of months ago and they have started to outline their plans for capital management so this will be good for investors. we know the top 10 european banks have around about $22 billion of excess capital that they could potentially give away. rishaad: let's have a look at credit suisse. there could be some good news for long-suffering shareholders. will there be any

we will be speaking with the chief economist from barclays.l tell us what he is looking for in the minutes. stay with us. ♪ amanda: this is bloomberg markets. i'm amanda lang alongside matt miller. we await the fed minutes at 2:00 eastern. for a look at what he is looking for, we welcome michael gapen. we know there will be reading of the tea leaves as to when the taper will happen but what do you think was driving the action in the markets today? michael: several reasons that are continuing to push yields lower in the u.s. certainly started around the time of the last fomc meeting, release of the minutes, concerns about inflation. one of them is the hawkish shift in tone, concern about inflation outcomes further down the road, risk management around that problem. the shift in tone of the fed was one of the factors that lead markets to reduce the likelihood that we will get a significant inflation overshoot in the medium-term. i also think technicals are at play. we think many accounts were positioned short, expecting treasury yields to rise.

from the barclay center in beautiful brooklyn, new york, the commissioner of the nba, adam silver ishe 2021 draft at barclay's center, home of the brooklyn nets and the new york liberty. it's wonderful to be here with

it's been replaced by energy guzzling machines. philip barclay. l. copa, ga alone. as d far as to 3000 square kilometers of amazon rain forest. since 20 o a. gold mining and the amazon rain forest is attractive for the high yield of going off to extensive pattern mercury is used to extract go from the mud to process hold amalgamation just thornton of van. suffer south american institute. i think are you there for since then? since you bye, sheet are on the for the f one just found in the crew had coverage even work without protective equipment or procedures to help them. discard the mercury safety in circles and control k model was what we can touch currency by making the hit the the heat applied evaporates the mercury and gold left in the pack in the copper ga mind. 400 grams of gold today. people sell to $500.00 us dollars in the poor countryside. better fortune for a day's hard labor journal cars or when h revive. back? is the fin seed i years interesting. stone. nearly dear. s o putting digest by the wider legalities on, on your sake of india so. so the role cod

. >>> the new york giants running back saquan barclay cashing in on crypto.orsement money in bitcoin the 24-year-old has deals with nike, pepsi, toyota and lots more barclay reportedly makes more than $10 million a year in marketing money. >>> and coca-cola now changing the flavor of one of its sodas again. the company revealing the taste and look of coke zero, the diet spin-off meant to closely resemble the classic coke taste. officials say the change optimizes existing coke flavors and ingredients, whatever that means. some coke drinkers say they're a bit nervous, sort of a flashback to 1985 and the company it was new coke debacle when they introduced the first formula change 99 years, the outrage bubbled over and the recipe tweak fizzled. we'll see if the change is celebrated here this time. >>> on wall street the dow up 54, the s&p down 14, the nasdaq down 102 >>> i'm shepherd smith on cnbc it's the bottom of the hour. time for the top of the news more than 50 people dead, dozens more missing as torrential rains turn streets into rivers across western eur

so in 2016, barclay barclays and credit suisse, they were allowing high frequency traders into theiral, and then they were letting them front run, okay? this is so bad. they got fined $154 million which may seem like a lot to you guys but it's nothing. they made billions of dollars, and goldman sachs got fined in 2011, they were doing price discrepancy in their dark pool, so people were getting filled at a really bad prices and what do they get fined? they got fined like $800,000. they make more than that, charles. citadel. charles: let me ask you about citadel connect. what's going on there? >> well, first of all citadel got fined 700,000 dollars a little while ago for front running in front of their customers, okay? so now, there is these angry investors out there, and have every right to be angry but they're claiming that citadel has this exchange called citadel connect, which is supposedly not a dark pool. it's not registered as an etf and they are claiming that there are trades being done right now, you guys, that are not being reported to finra. no i've not done personal resear

it's been replaced by energy guzzling machines. philip barclay copa, ga alone. as far as to 3000 square kilometers of amazon rain forest since 20 o a. the gold mining and the amazon rain forest is attractive for the high yield of gold. after extensive pattern, mercury is used to extract gold from the mud to process hold amalgamation. shut up thorn is not venza for sam lemaire. quarter inch to us you why sick are you they were since they sent you too. bye sheet are on the fuzzy just found in the crew had copper work without protective equipment or procedures to help them. discard the mercury safety stock or going up control k mile was what we can fetch currency by making the hit the the heat applied evaporates the mercury and gold is left in the news copper, ga mindful. 100 grams of gold today. april cell $500.00 us dollars. in the poor countryside, that's a fortune for a day's hard labor journal cars or when h right back is still been a seed. i years interesting. stone. nearly dear s o 14 just by the unwind illegal is done on your sake of india. so. so the role

it's been replaced by energy guzzling machines. philip barclay, monday, you know guys copa ga alone as far as to 3000 square kilometers of amazon rain forest since 20 o a gold mining and the amazon rain forest is attractive for the high yield of going off to extensive packing. mercury is used to extract go from the market to process, hold amalgamation thornton or vance. the 1st american institute i think i think they were since they sent you. bye sheet are on the fuzzy just found in the crew. had copper work without protective equipment or procedures to help them discard the mercury safety in stock or going up arrow key control k mile was what we can patch currently by making the hit the the heat applied evaporates the mercury and gold is left in the pack in copper, ga mind. 400 grams of gold today. april sell for $500.00 us dollars in the poor countryside. that's a fortune for a day's hard labor journal cars or when h of i back is the scene of seed. i years interesting. stone. nearly dear s o 14, just by the wider legalities on, on your sake of india. so up road. so the role code is s

clean california and $12 billion devoted to solving california's homeless crisis, areas like this in barclayshould soon be getting a serious makeover. but the governor said it will take a multifaceted approach to really make a difference. >> we're doing so with more resources than any time in california history, to follow through in our commitment to get people housed and get people out of these dangerous environments. there's nothing compassionate about people living in encampments east bay, laura anthony, abc7 news. >>> in the north bay, the fbi is helping look for an arsonist to used fireworks $0.02 a message to a local politician. police believe it was a targeted attack, and mayors of other north bay cities have weighed in to come then it. >> reporter: in the friendly city of rohnert park, though safe and sane fireworks stands have emptied, but controversy about their sales burns hotter than ever. >> somebody tried to send me a message and intimidate me. >> reporter: that is willie linares at a special meeting last night after this on the fourth of july. he posted these photos of a recycl

sources tell us barclays is hiring junior banker pay digging deep to retain staff.salaries for all u.s. analysts were increased by $15,000 to $100,000 base. u.s. associates and vice presidents get a $25,000 boost. staff outside the u.s. will get equivalent percentage raises. softbank sold debt and $3.5 billion notes wednesday in asia second-biggest offshore deal of 2021. it is the tech giant's first debt deal since 2019. that is the bloomberg business flash. anna: sticking with the corporate news flow, renault's turnaround plan is starting to pay off after the french carmaker withstood the effects of the pandemic and the global semiconductor shortage. that is according to the ceo, who sat down with bloomberg to discuss the company's revamp. >> i don't think the idea of turning around the company is about only job cuts. there is a lot of work that needs to be done. the work is not finished. we have announced that by 2025, we will be at the level that makes it sustainable. the company is very dynamic. the company is focusing on the right things. we will announce the 2

p growth sense 2008. pero barclay since the beginning of the pandemic black pounds a year ago. now here's my question. many on the left argue that this is necessary, not only to rescue the system, but to help the poor be response. what is, why is i think it's i instead of taking is so much on the political side. i'm going to say it's almost there is no way, no way around is the situation that we got into which with the lack of discipline that really started in the seventy's and the break of the gold standard and taken on that or more. dad, i don't think there is really a way around this decides the increase of money money. so why it specially now receive more units of money supply to pre roll. and therefore the issue is some call deflationary, which is the money, the last city decline. i think in the, in any ways this doesn't really matter with the political party. really. yes. the continuation of those policies is what andy might be with the lation at some point . and the real question is, when there are some real signs today, they're starting to, to begin here. and you can se

gabriel's ando jazz eda, new york, barclay malls is a lawyer. he explains why this case as huge implications for not only the trunk limitation but for the whole of his family. the detail that this indictment goes into outlining this knowing and deliberate in length the scheme spanning over 15 years, keeping 2 different sets of ledgers of books to document what they were paying to mister whitefield bergen reality and these compensation scheme as opposed to what they were reporting to the tax that the worry is whether with federal, state or local authorities here in the states. this is like mob stuff, one or one in terms of how you try to engage in a scheme to defraud the government. the local government, the state government tax authorities, and this is why these kinds of charges could propose a serious problem not only missile white, mr. weinberg, but also the company itself. problem donald trump and his company have right now is that they are heavily leverage. they have tons of loans, and no one trusts donald trump with loan to be more. we're t

we have santander and barclays and many set to follow.let's get to the business financial reporter. ubs kicked off the european bank earning season. that was last week. they kicked things off with a bang. what can we expect from its peers this week? >> good morning. ubs set the tone for the european banks and analysts have lifted their estimates for most of the european banks. more than 10%. that is good news. we are expecting to see good results from the dealmakers at these banks and mixed results on the trading front. at barclays, we saw a record in dealmaking in q1 and we know they have had another strong quarter including the $34 billion buyout which was one of the biggest leveraged buyouts ever. mark: good afternoon. credit suisse is what we are watching closely. will there finally be some good news for its long-suffering investors? >> i am not sure that it is yet time for credit suisse investors to relax, unfortunately. the only european bank to have their earnings estimates cut by analysts. that does not bode well for the bank that

sonali: i think the main headlines you see is your that analyst level job at barclays.appening at the most senior level too? peter: at a higher level compensation is tilted towards year-end bonuses. >> what do you make of what is happening? can this industry attract talent? these are super skilled people. you need to train them. these people are creative. while they move around within the industry, keeping them in the industry as a challenge. the talent war is now not only within the financial sector, but the tech sector as well. other industries are looking to attract talent. looking at junior bankers, figuring out how to keep them with the heavy workload they have right now -- is that going to have to be the new normal in order to attract people to this industry? sonali: -- peter: you need to make the work as interesting as possible. it is one thing to work long hours. it is another thing to do interesting work. data analytics is a key part. it takes some of the medial, mundane pieces out of the equation. it is always going to be the case that investment banking takes

matt: goldman sachs, barclays are underwriters.lion profit last year and it expects one and a half billion dollars march 31 loss quarter to march 31 loss. they had almost a billion dollars and they have seen extraordinary growth. we will continue to bring you that headlines and continue to bring you the developments. robin hood has filed for an ipo on the nasdaq. astra has become the first space launch company traded following a merger. joining us now is chris camp. chris. the first thing i think of is the competition has to be intense. what is it like and how do you deal going up against elon musk and jeff bezos. these are two of the richest men in the world. you are backed by one of the world richest men. >> astra is only the third company that has mistreated the ability to get the space. spacex and brocket lab are the other two. merge in orbit -- androcket lab are the other two. we are building a very small rocket produced in very large quantity like a car factory in california that will be able to launch and produce a rocket. w

dealmaking has looked good, investment banking has surprised to the upside of deutsche bank and barclays it is not just the u.s. taking all the market share. europe is doing really strong as well. in this picture right here is something that investors have gotten really optimistic about. this is the loan loss provisions. of course, during the pandemic, we saw this number go pretty high. in the last reporting season, loan-loss revisions dropped by 88%. that has helped fuel some of the optimism that the credit cycle is looking healthy, and that any of the worst of the defaults is now over. within this picture, unicredit, which reported today, also contributed to the downsizing in loan loss provisions. they dropped theirs by 61%, and for unicredit, there's also a lot of excitement because they are going through the process of buying the world's oldest bank, monte dei paschi. analysts say this will contribute to their earnings, and it is not a capital risk for them at all. within these banks, you have these individual stories of strength. alix: such a good point, and it highlights that m&a c

we have santander, barclays, deutsche bank, then unicredit on friday.t to get the low down and what are the key metrics to look at. morgan stanley head of european banks research joins us now. what is the most important number to look at. who is best prepped for it? >> the markets are going to be looking at -- we are used to the fact that the credit cycle is looking much better, provisions are looking much better. the market is looking slightly further away to see how the business models of the banks have gone through the pandemic and what to expect. people will look at the net interest income, the long growth , what is happening pricing wise , and what so far has been quite a standout in the banks that have reported already. i they with the reopening came the activity fee, payment fee. that is what banks are showing quite significant strength. you mentioned credit suisse asset management. wealth management side is having a good year so far. dani: along with that, i am sure the dividend picture will be in close focus. what sort of investor and sharehold

. >>> the bank of england scrapping pandemic-era curbs on dividending on hsbc and barclays the bank of england says the sector was well capitalized enough to deal with witthe fall. risks to the recovery remain. the government support measures unwind over the coming years watch the big banks. all higher in the uk in early trading. >>> now yoto the ongoing story china as they crackdown on the tech sector and the ride hailing giant didi investigations against the company grow and now its rivals are swooping in to lure drivers to gain market share in the ride-hailing free-for-all. eunice yoon is joining us now from beijing eunice, what are the rivals now doing? >> reporter: brian, i want to show you a list of the didi competition that are starting to become more and more popular by the day. these are some of the names of the challengers backed by established players in the car industry as well as the tech industry as i said, they are becoming more and more popular as i found out. with didi under pressure, this man's orders are up ten times. he drives for the app backed by the carmaker that

some of the mine -- barclays doing relatively well. some of the mining stocks on the front foot.he cac up by about 0.3%. the smi in zurich going nowhere. the dax down around 45% in terms of the regular 100 day average volume. so we are getting an effect from the closure we are seeing in the united states as a result of the fourth of july, fifth of july holiday. but there's plenty to talk about. opec+, we still don't have a resumption of talks. we were expecting a meeting. it feels like we are about two hours now behind schedule. no sign of a healing of this group. we still have not resolved the increasingly bitter and public split between saudi arabia and the united arab emirates that is blocking and output deal. we heard from both of their and is -- both of their energy ministers over the weekend. >> we will continue to sacrifice until the end of this agreement. that is our commitment. but beyond that, we demand time to discuss, and we demand to have the time to discuss and put our grievance in front of the group. >> the agreement requires that we bring more production, yes, but

the draft stage is set at the barclays center in brooklyn. the warriors get number seven and 14. they can select two rookies were trade the picks. watch the draft on abc 7 at 5:00 p.m. and then join larry beil for the post draft special, after the draft. >>> seven things to know this morning, coming up. >>> plus, a mysterious death under investigation. this is not it. that is arthur. arthur? >> i am going to talk about arthur. pbs >>> 5:23 am. seven things you need to know. many health health experts bacon into her mask mandate is likely returning to the bay area . this is even for people who are vaccinated. san francisco, alameda, contra costa and solano counties have seen up to 70% increase in covid-19 cases. >>> the white house is preparing for a federal worker vaccination mandate. president biden expected to announce requirements today. >>> tech companies are updating return to work plans. google and facebook will require vaccinations. twitter has closed san francisco and new york offices again. >>> tsunami warnings canceled after a big magnitude 8.2 earthquake hit alaska jus

morgan chase, and barclays are among those who have also increased pay for junior bankers.lobal news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ ♪ pres. biden: this say process of how soon we can lift the ban. that is in process now, and i will be able to answer that question within the next several days. i am waiting to hear from our folks and our covid team as to when that should be done. jonathan: that was the president of united states. several days and you might have some kind of answer. we didn't really get a clue. from new york city this morning, good morning. alongside lisa abramowicz, i'm jonathan ferro, together with kailey leinz this morning. in the fx market, one dollar 18 cents. we are -0.1 percent on euro-dollar. in the equity market, we are positive 0.2%. in the bond market, yields are higher to 1.315 4%. the president responding to a question about whether the travel ban would end. we didn't get brushed aside as we sometimes do with th

you and barclays doing well when it came to m&a deals. loan demand universe is weak and a matter what individuals are trying to pivot to, no matter what the banks are trying to pivot to they cannot do it if the loan demand is not there. what are you going to be looking for in the back half? octavio: we mentioned the return to normality on the trading side and the banking side. that will probably decline a bit. then i think things like consumer lending and corporate lending, we see a return to normality. bear in mind, when the pandemic hit we saw deep decline. corporate ran up and said we need cash on hand to borrow all of the money we can right now. corporate lending was down, consumer lending was down. some were up. we will see that normalizing the coming months. i would expect to see strong growth in consumer lending or corporate lending and decent net interest returns there in those lines of business and investment banking trading doing relatively well. they'll be the story in the next six and a half months. dani: how about -- all abou

affecting more than double the population of canada that haz investors worry recently analysts at barclayswater scarcity, quote, as the most important environmental concern for the global consumer staples, sector. utilities companies like american waterworks, california water services, they have all been up roughly about 1 to 3% this week. there are roughly 2.2 million miles of undergroundwater pipes. much of this, though, very old according to the american society of civil engineers, water main breaks occur every two minutes in the united states you could fill up 9,000 swimming pools each day with the amount of water that's lost across the country. the united states government, with the new infrastructure bill, does plan to invest $55 billion specifically for the aging water infrastructure for now, california is urging people to take shorter showers, and only run the dishwasher and washing machine when full. >>> up next, another massive tax expose, this time shining the spotlight on billionaire sports team owners. the details are up next. this is how you become the best! [wrestling bell r

waiting for the teammates off of the bench, and around behind for mcdonagh of the lightning, and barclay goodrow and brayden point into the montreal zone. looks to put a move on petry. back to the right side, and that is off of the stick of suzuki, and a play by goodrow, and the lightning are in the midst of a change, and goodrow taking it to the boards and now that is stripped by coleman. and now anderson for montreal throws the puck ahead, and caufield is coming for the net. and caufield off of the stick, and anderson scores! >> eddie: the speed of anderson. that creates this whole chance and then cole caufield does an amazing job of going to the front of the net and stopping and staying in front of the net. it makes whole play. because if he makes a fly-by o play never happens. there goes anderson, and he is going to go to the front of the net, and watch 22 in red, and he stops in front of the net, and he creates chance, and anderson creates the chance and rutta to the back of the net, and he finds it. and he gets the second of the game. the o.t.w.g.t. in montreal forces a game five o

we'll barclays that at a statement the governor's decision to issue yet another executive order and declaredviolence are public health emergency is another example of his incessant need to circumven the legislature and dictate policy from his bully pulpit. he signed into law provision that allows prosecutors to hold gun manufacturers responsible for gun violence that could be linked to the manufacturers marketing, to which new york attorney general responded by saying i look forward to enforcing the public nuisance law and i stand ready to defend it against all legal challenges. it looks like the exit he will get a new mayor was tough on crime. eric adams, the former cop, is the projected winner of the democratic primary and he will go up against the nominee whose motto has been to refund the police. >> thank you. the growing crime wave we've been witnessing spiked into is the nominee over the weekend is officials nationwide struggle t handle the growing trend. with fox news contributors and the wound up do founder, randy sutton. welcome back to all of you. >> thank you. >> i want to put of