morgan stanley has become one wealth management. that saying it was up 14% on the actual business up 9%. they kept expenses under control very nicely. while looking for 75. remember what the expense ratio lower is better. that is what we get. that translated into $0.29 earnings. it was 17.5. that was a major surprise. let's start with the wealth management division. the steady growth in asset management. this added $64 billion in the quarter. the total client assets reaching $6 trillion when you add under the investment management decision what do you get? morgan stanley is targeting 10 trillion in total assets and they are well on their way. they saw a big uptick in fee- based assets. those fees are why i love the embrace of wealth management. though i did say no to morgan stanley and went to goldman. as for the security side of things the ceo said, improved underwriting markets combined with increasing participation among sponsors across investment banking support, the broadening equity market are favorable backdrops for the marke

morgan stanley reported before the bell.hey do beat on earnings and revenue, posting strong numbers for wealth management. investment banking with a blowout number. >> yeah, i'm glad you mentioned all these because they were much stronger. my travel trust owns it. i was quite concerned. i thought i might get snookered on this one. i thought this could be a bad one for me because goldman had good numbers and i was fearful, that, well, hold it, can everyone be across the board good? cha charlie scharf yesterday, we'll get to that. wells, good. but this turned out to be a really terrific quarter. david, this is quite a change from the last two years of james gorman. i like gorman very much, but there's some sort of acceleration here that i didn't expect >> you do? as we pointed out, the stock price itself has underperformed many of its large cap peers. >> as it should have because it was not as good. >> not the greatest start for new ceo, ted pick, who's taken over as the ceo. >> not the greatest hand. >> i don't know. really?

a moment and focus, morgan stanley. morgan stanley up in the free market by 3%.ird-quarter wealth management revenue, $7.27 billion. equity trading, beach. investment banking, the. trying to make it easy. when did they at morgan stanley? >> it is only a little bit of a miss. not only is it a clean read, it is a soaring read. this is a real sweet spot for morgan stanley. wealth management revenue coming in not only above expectations, but those pretax margins handily beating. you also have equities trading coming in well above expectations, fixed income trading as well. even though the number beat expectations, it came in a little lighter than goldman sachs. that competition has been for the stunning to watch on wall street and it will be interesting to see what the ceo says about how competitive they want to get because it is a matter of how much risk they want to take on in these markets at record highs. very little to look down on here. the expense efficiency ratio is better than expected and better than it was a year ago, so they are making more by keeping a h

okay, we're talking about morgan stanley. in this situation, i'm guessing every brokerage, every financial analyst is either using ai or exploring the use of ai right now, right. morgan stanley has got it in something like 80% of its transactions. other brokerage firms are using it in 40, 50, 60%. it's really starting to find a niche. and we were wondering for a long time, all this valuation for companies like nvidia and openai, where is the money going to be made? well, maybe in transactions like this or again, coalescing big data in things like health care, as long as there's a human on the end of it to make a rational decision and again, have that personal relationship, it could really speed things up and maybe help you get what you need financially. yeah, someone's got to pay openai for this. and that would be a good example. thank you scott. you bet. if you haven't already, follow scott on twitter or x. he's always post really good stuff. breaks a lot of news about business and technology, specifically in the bay area an

talk about stanley levitan. levison emerged as the leader of the montgomery bus boycott.ediately people began to say, this guy is magic. this guy's got power. he's he's he's lighting up the media. he people are flocking to him saying, we need to get this guy to help us expand this beyond montgomery. so literally, people like bayard rustin, people like lillian smith just arrive in montgomery. we need you and we're going to, you know, what can we do to help take this beyond montgomery? and one of the people who contact is this white businessman with with and long lasting communist ties named stanley levison. and stanley levison goes on to become one of king's closest friends and best advisors for the rest of life. he ghost writes a lot of king's for him and they have these long, late night conversation. the king was not a good sleeper. he'd be up two or three in the morning with ideas racing through his head, and he could call stanley levison probably more than anyone else to these ideas around and it's a fascinating thing. you know, friendship, it's strictly an activist, i

and, you know, levison, stanley levinson talked to him once when when dr. king was talking about, you know, his frailties and some of the rumors that were going around and so forth. and he said to dr. king, you do not have to be a perfect man. you just have to a perfect leader. i was like, well, yeah and i would argue that if you want to be a perfect leader, that the best leader you can be and the best man. good point. good point. good point. yeah. was there a particular information or effect that led you to raise your esteem of dr. king even more in, your research and if you don't mind me asking this, i'll love the luckiest man. and what led to turn to write about gehrig? okay. the first question i can sit here all night and give you hundreds of examples. things that king did, small things he did that inspired me, the way he treated. he remained humble. he would spend time with people who needed attention. he was still the pastor to his in atlanta and in montgomery even as he became famous. but i think the big thing that inspired me more than anything else

morgan stanley soaring 6.5% to an all-time high. they had their earnings surge in dealmaking and trading activity, as investment banking revenues soaring more than 50 -- you heard that right, 5-0 percent. get her on that in a minute. utilities, materials, industrials, all higher today. all three sectors at new records. i feel like we just, tim, named every sector in the stock market. >> other than technology. and that's kind of the point, right? you don't necessarily need megacap text to take you -- >> it's nice to lead without nvidia, right? >> who is nvidia? i don't know. we didn't -- >> never heard of them. >> i think the point is that you have had essentially this barbell approach to the market. look at the 3.5% move in the dollar from the start of october. that's telling you something, not just about relative central bank differentials, but something about the economy that there's more confidence here. that's an economy -- these bank earnings have been -- they've been fine. they haven't been so extraordinary, but what they have

we are looking at united airlines, morgan stanley jumping more than 7%. at one points it was rising f the most since about four years ago and mossnce morgan stanley's c.e.o. took over. the banking industry has floated the s&p 500 higher the last couple days after bank after bank report better results particularly trading as volatility has compounded. we are seeing also other stocks move higher with united airs take off to the tunef more than 11% over two da just a stunning move in an industry where supply has been a big question mark and now some of the companies are rebounding the highest level since 2020 and very importantly we are watchng the trump trade. they have been on the rise. chief among them median technology group. now we want to turn to that big interview. i want to welcome our bloomberg television and radio audience to the special episode of bloomberg markets with an exclusive spwaeu stanley tkrufrpblgen miller. in 2021 you wrote an opinion paper in the "wall street journal" that said the fed is playing with fire. a couple of weeks ago you w

goldman sachs and morgan stanley closing at new highs. they're set to report tomorrow. bank of america and citi are also on deck in the morning. so, what do we expect here, karen? >> well, the -- jpmorgan really startled us off well, right? so, i think we're expecting -- well, citibank, which is my next largest position in banks, i expect good fee service, i think that card chargeoffs will remain, i mean, jpmorgan seemed firmly in the 3.4 camp. i would think they would be somewhere around there, and i think, you know, markets and bank activity was a positive there, so -- citibank has come a long way in the last three or four weeks, but i still think there's room to go there. it's undervalued. i know you always site price to tangible book. they do seem a little slow, being able to get out of the -- under this decree or that decree. but that will eventually happen. >> goldman sachs is interesting. historically, we've seen -- i don't know this, maybe ken knows this, if he still works for the firm -- >> the firm. >> you'll see goldman sell off after earnings. the levels tha

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morgan stanley with 4%. biggest banks are on track to post their best trading year since the onset of the dodd-frank era. retail sales likely grew moderately in september as consumers in the u.s. contended with high finance cost and elevated uncertainty ahead of that presidential election. valerie, we were listening to him talking about the relative strength of the u.s. economy. is that expected to be reiterated today with the data with the retail sales? >> it's been light on the data calendar but the big one is retail sales for that reason. he gives us a glimpse into the third-quarter gdp, mostly because of this control group segment of retail sales. that is a direct feeder into gdp so the markets will have their eyes on that today. it's expected to come in the same as prior months so have your eye on that. it will give us a better reflection of where third-quarter gdp for the u.s. is heading. the atlanta fed's gdp is a real-time indicator of four where gps tracking for the third quarter. it has crept highe

wednesday, my interview with stanley druckenmiller. and more with morgan stanley as well.rsday, ecb rate decision with a double dose of jobless claims. building permits in china, gdp, that's friday. thank earnings come bank stocks have been on a tear since the jp morgan results. investment banks are writing higher on promising results from the biggest of the investment banks out today. we will get a better read on the consumer from bank of america and citigroup. those large credit card businesses. let's see if we can keep it going with less rate cuts than expected. after the first, this is the first set of results. from new york, that does it for me. same time, same place next week. this was "bloomberg real yield," this is bloomberg. ♪ it's our son, he is always up in our business. it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided

that is good for morgan stanley.quity will benefit the largest manager. jonathan: good to see you. thank you for this morning. so far over the last few days a queen sleeper banking in america. lisa: across-the-board beats and you cannot find mrs.. the big question about whether this is just a positive rate for the financials or a broader positive rate on the consumer as well as the business sector that were struggling with how high benchmark rates were. seeing them come down and assets perform that were put into longer-term debt. jonathan: let's give you an update with the bloomberg brief. dani: unitedhealth shares down 3.4%. it lowered the top end of its forecast, a rarity for the insurance giant that usually withstands the pressure. higher medical costs and the rising impact of a cyberattack were a part of that. it is alstom seem -- -- it is often seen as a bellwether. oil prices tumbling 3.9%. reports that israel will avoid targeting iran's crude facilities and its expected retaliation. the report is easing invest

it's a year in the life of stanley.l have you glowing from head to toe. >>> coming up, the hilarious kate mckinnen. we will talk about her career, 50 years of snl. her hit book and so much more. >> i read her book at home and it is really cute and funny. >>> more star power rolling on tomorrow when shrinking star got to love shrinking. will stop by a sneak peek at his hit show's long-awaited return. >> and now courtney will do the weather. >> she obviously listens to her dad because she came without a coat. so i got that going for me. let's show you what's happening as far as your weekend is concerned. sunny and crisp from the new england states to the great lakes. gorgeous day through the south. some mountain ♪ out through the rockies. saturday, the weather is turning milder into the great lakes. mid atlantic, northeast. heavy rain through the western plains. i should say the western rockies. then we're looking at flurries and snow showers in the rockies and wet weather in the. good tuy morning. i'm meteorologist kari

e*trade from morgan stanley - it's something about having that piece of paper.ople think that's worth more than my skills. - i've run this place for 20 years, but i still need to prove that i'm more than what you see on paper. - you gotta be so good they can't ignore you. - it's the way my mind works. i have a very mechanical brain. - analytics and empathy. that's how i gain clients. - i am more... - i'm more... ...than who i am on paper. >>> tech and software stocks taking a back seat today with investors bracing for the hyper scalers reports next week. vista equity partners, a private equity firm investing exclusively in enterprise software with portfolio companies across various industries ashley macneill the head of equity capital markets at vista joins us at post 9 good to see you. >> you, too. >> you take a lot of companies private and then you sometimes re-ipo them. the market for ipos has been really, really slow. why? >> well, for the ipo asset class to really be functioning well you kind of need three things all working together, one, you need a stable

they collected the fourth highest fees globally at morgan stanley. very strong. the provision for credit losses, 79 million. and also they declared that dividend. but again, you know, the really -- stock is up 20 percent year to date right now, but again with wall street trading activity, m&a, ipos, maria, multiple ipo tos, morgan stanley doing very well. they're got $7.5 trillion in client assets right now, maria. maria: yeah. we're going the talk in a little while with leon -- from citi to to get a further if read on investment banking and capital markets business. obviously, we're seeing some good numbers out of mover began as well as gold goldman sachs. coming up, the word on wall street analysts with -- panelists, then how antitrust is booming. it's a booming business for the doj. we're going to get into it. you're watching "mornings with maria" live on fox business. stay with us. ♪ and the sky was a hazy shade of winter ♪ is it possible to be more capable? and more practical? be able to perform here. and here. make a statement while barely maki

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america citigroup, goldman sachs charles schwab reporting third quarter tomorrow wednesday morgan stanleying out joining me gerard, great to see you. thank you so much for being here give your expectations for the third quarter reporting season what will you be waiting watching closely. >> thank you, maria. i would say the key area that people will focus on, similar to what we saw friday jpmorgan, wells announced months in is essentially the banks earn from assets funding costs this is going to be the big area for next 12 months maria because of the fed activity lowering short-term interest rates the second key area as always credit, what we saw on friday very good numbers on credit the quality remains very manageable for banks that will be another area people will focus in on for tomorrow >> okay. so when you look at what you've seen already, with regard to the consumer, i know that the level of debt is also an issue but would you have been able to glean what is going on with consumer from reports you've seen on friday? >> yes, we can. in fact the consumer remains very resilient. both ba

morgan stanley, goldman sachs. morgan stanley is about to break out of a four-year consolidation. goldman sachs looks like it's about to break out. >> and that's -- >> you buy them on any pull-back. >> tuesday/wednesday. >> you find them less the money centers. >> you like them, even though we don't have a big ipo market. the credit markets have been crazy strong. >> you buy them in anticipation. >> julie, what about you? >> yeah, dan stole my thunder. that's exactly how i feel. i'm much more interested to hear what's going on with the investment banks. >> i'm not really interested in banks broadly speaking, because there's not a lot of differentiation. we've been doing a lot more testing the waters meetings with private companies that are getting ready to go public. it's like their training wheels meeting as they get ready to talk to mean, nasty investors like me. and what i'm seeing that's encouraging is actually the quality of these companies is better. and they have a little bit more religion around profitability. but if they are touching anything with a.i., they've been given

let's thank stanley. [applause] thank you all very much. >> if you are enjoying american history tv, sign up for our newsletter using the qr code on screen to receive weekly highlights of upcoming programs like lectures in history, american artifacts, the presidency, and more. sign up for the ah tv newsletter today and watch american history tv every weekend or anytime online, c-span.org/history. >> during his time in office president jimmy carter and his family attended the first baptist church of washington dc, they joined in january 1977 and president carter attended services there more than 70 times during his presidency. >> the carters wanted to find a place to go to church and there are a number of baptist churches in washington, first baptist churches closest to the white house, 7 blocks north of the front door of the white house and so they decided to come here and we were so grateful that they didn't. >> there was a process they had to go through. what was the process? >> we love to invite people

e*trade from morgan stanley >>> stocks higher on a better than expected jobs report for september.e's roger altman to discuss. welcome back it's always good to have you on our program. >> scott, thanks for having me >> what's your takeaway for today? >> unadulterated good news think about it growth is strong the commerce department reported 3% over the past year. that's amazing four years into the recovery inflation headed straight to the fed's target job creation strong. corporate profit outlook, as you just discussed a minute ago, strong dock workers strike over gasoline prices down hard to imagine a better macro environment than here and a lot of implications of it. >> sure, but people would listen to what you just said as you went down the list, why in the world did the fed do 50 and then why would they think they need to continue cutting rates on the schedule they seem to be on? i know you know larry summers well he said 50 was a mistake >> well, i was on here, this network, just before the fed made that decision and after, and my own view was it was an extremely close call an

the focus switching to morgan stanley. 12:30 p.m. u.k. time today.ill morgan stanley repeat the beads from the likes of jp morgan and goldman? will it be a similar story when it comes to the investment banking and trading parts of the business? at 7:40 pm u.k. time, the ecb president christine lagarde will be speaking. as markets increasingly lock in a more aggressive cutting cycle from the ecb. that decision coming on thursday from the european central bank. there is plenty more coming u. this is bloomberg. ♪ tom: welcome back to "bloomberg daybreak europe." she is the ceo of the world's largest environmental services company, veolia. she has been at veolia two decades helping guide the company's global growth. she told francine lacqua on "leaders with lacqua" goes green about their ai prospects. >> ai can be part of the solution and is a problem of the same time. if i start with the problem, ai data centers consume a lot of energy and need a lot of water. actually we are providing services to the companies doing ai and it is a growing market. on th

morgan stanley downgrades it to underweight. i will say this.he biggest run that i've seen of a major now? it's been weaker of late, but i will tell you that jim umpelbee has reinvented caterpillar. this guy is just -- like cat's the old cat. some levered company. and by the way, if it is the old cat, you think what stock do you want to buy on rate cuts? caterpillar. not only do i want to emphatically disagree with this downgrade. i say to myself, angel castillo. >> we'll see. morgan stanley's about 10% below consensus. let's get the opening bell. at the big board, markets media group women in finance celebrating the tenth anniversary of its women in finance awards and at the nasdaq, it is micron. new logo and 15 years. jim, you're going to be talk to them very soon. >> sanjay mehrotra, there are people in the business that are so loved and you want -- when you ask them, what do people think of sanjay mehrotra? finest. if you look at what he's done with the company, it's been amazing. it has a little cyclicality versus some of the others, but i

. >> there was morgan stanley -- >> the fed will too. >> morgan stanley friday night, could our callor a string of 25s get derailed? couple more months of undiminished spending might cause us to reconsider. >> i don't care. we're in a rate cut cycle. it doesn't have to be aggressive. in the meantime, earnings have been unbelievable. american express was not bad, by the way. that was nonsense. american express ran into the quarter. i find that last week, the bank earnings were so extraordinary, including bank of america, by the way. i think that they were extraordinary numbers. and what that said -- it set us up for a very good period. i like banks doing well. >> nice note out of mike mayo today at wells, the era of three-year eps inflection is happening now. >> this is a good moment. and we haven't had any, obviously, mag seven, but we did have that taiwan semi number, which was extraordinary, and the asml -- by the way, asml, on tuesday, nobody heard of. then wednesday, they reported bad numbers and suddenly asml is the most important semiconductor company in the world. it's dutch.

e*trade from morgan stanley >>> market zone.oli here to break down the crucial moments of the trading day. angelica peebles on how eli lilly is holding in the world of glp 1s. phil lebeau will have the reaction for us. mike, what's on your mind? >> still a bull market. looks like it and acts like it in every significant respect. it really has slowed down. it's come across this leadership shift. been absorbing the retreat on a relative basis in megacap tech. we're up since mid july 2 1/2 months. less than 1% in the s&p 500. the average stock has done better. all of that is context as the bull market gets ready to enter the third year. more of a sober plotting type of a tone to a bull market. everything else is clicking together. i think the fact that it can wea wait and see near the highs is not a negative. >> time flies. it's hard to believe -- >> two years. >> -- it's been two years for this bull market. >> in a couple of weeks. >> see what happens on friday with the jobs report where this next step goes, i suppose. angelica pe

e*trade from morgan stanley >>> mike santoli is here to break down the crucial moments of the trading is here on taiwan semi. and netflix reporting in overtime tonight. alex kantrowitz on what he's watching more than anything else. first, to what mike santoli is watching more than anything else today, that's what? >> tough to quibble with the market action itself obviously. most stocks are kind of consolidating today. you have more stocks down than up, able to rotate away and you have the nvidia jolt that helps the indexes. i think big picture, we now have a very tight embrace and broad recognition that the economy is better than we thought it was two months ago. i'm in the mode of the rally has carried to a certain point where you have to ask, are we building extremes, is sentiment getting too complacent, have we stretched ourselves in terms of expectations for earnings. it is not clear to me you would answer yes to all those things just yet, but i feel as if you just go to the market and say, hey, you know what, the economy is pretty good, earnings are going to be up, the fed is cut

andrew of morgan stanley in the soft landing camp. soft landings don't have to play out in a straight line. risks around growth are skewed to the downside a few false negatives could lead to belts of volatility. andrew joins us for more. let's start with that phrase soft landing braid what does it mean to you? >> it's great to be here. for us it means inflation coming down. the fed easing and no recession. is very much what morgan stanley has been forecasting and what we continue to forecast. that's what fortunately we've been seeing from the data. i think we were in a critical window over september and still in october where the market will be more vulnerable to weaker data because the fed and the ecb haven't really gotten underway yet with rate cuts but i think so far that data is coming in solid and that support the soft landing view. >> you referred some of the data is a few false negatives. can we talk about the data through the summer. which one was the head fake, the deceleration and jobs through the summer or the re-accelerati

investors are selling caterpillar because morgan stanley basically told them to. the bears are tearing at the heavy machinery maker after morgan stanley downgraded the stocker analysts worried cat has reached peak earnings. and after a 3 33% runup, shares could be ready to take a breather. cat is down 22%. and the bad -- 2%. boeing is down $8.35 or more than 22 if after the embattled air are prospace giant said it's going to cut 17,000 jobs. that equals 10 percent of its work force, further delay the launch of the 777x, and they issued a profit warning as the machinist strike drags on. bond market's closed percent if holiday, but with stocks raring to go, so is the floor show and john corpina from the floor of the new york stock exchange and kenny polcari. john, normally this federal holiday would be a snoozer for the markets. volume might be thin, but the bulls are wide awake. what's got them running? >> hey, or liz. yeah, that's exactly it. we've got a quiet market with not a lot of participation, not a lot of volume. that's going to add to the a big influx in v

e*trade from morgan stanley >>> we're now at closing bell markets. here to break down the crucial moments of this trading day. plus, boeing the worst performer on the trading day. phil lebeau will tell us what's going on. leslie picker with her story. mike, we're pushing 5800 on the s&p 500. we'll have a new record close for that and the dow today. >> yeah. the it seems like we're burning up some of that caution that really did set in place coming into october, this idea that so many people were braced for potentially more down side. i feel as if we're dealing with all of the known positives. an economy that seems like it's percier than we thought it was. fed might slow down the easing path, but so what. cpi tomorrow. yeah, there's some stakes involved there. since we've already gone into a place of listening to a potentially less dovish fed message, it doesn't seem like it's that dangerous. all that being said, we still have the vix at 21. people are still saying it's pre-election time. we can't just assume that it's going to be cutting loose to the

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e*trade from morgan stanley >>> we're in the market zone.c senior markets commentator mike santoli here to break down the crucial moments of the trading day. we're going to have record highs again. >> the market has struggled to find anything to really worry about in the new data, in obviously banks. people were maybe not giving them enough credit for the data, at least initially. there was also a breakout to the two-year high in the bank sector that i think has this chase mode. so many people, and look, i understand why, were entering october saying there is no rush to do much here because you're going to expect some downside chop. you have a lot of hedging going on, and the market is not making people feel comfortable with being underinvested. i don't think a lot of people are underinvested but they might feel as if the market could get away from them a little bit. some of the weakest stocks on a year to date basis up substantially this week. it feels like the market is searching for hated stuff or things where people are underexposed, wal

ed: there is the morgan stanley case study. bank of america has talked about how many patterns it has in machine learning and artificial intelligence. do you have a sense of what those into two shins are doing -- those institutions are doing? sarah: morgan stanley is using our models to help wealth advisors be more productive. they are using it to create better financial advice and outcomes for customers. we are seeing folks like lorna -- klarna using it. that is another great case study in terms of productivity improvements. then we have banks using it across their business. that is our message. just get started. get it rolled out to the organization and see what people do and help them get started, whether they are marketing, finance. ed: can you help our audience understand how meaningful contribution the financial services sector makes openai's revenue? sarah: if you look at her largest verticals, areas like health care, but financials is probably third because they are typically early adopters. they are often willing to ta

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wednesday, morgan stanley. lisa: will they end up forming less and delivering less as interest rates come down and how much was ally financial the canary in the coal mine in terms of credit concerns and deterioration coming down the pike. jonathan: jp morgan already warning. then we had goldman sachs warning about trading revenue as well. just lowering the bar coming into these numbers. lisa: with a complete lack of visibility. that is what i have heard from a number in the banking sector. in reality, pipelines try them up as quickly as they come out. right now there is lack of visibility about what will get done. how much does this have to do with the geopolitical overhang that seems to be overhangs over the past couple of weeks? jonathan: yields a little bit higher, two basis points on the two year. on the 10 year up by about three. just south of that level on twos. a big rally yesterday. yields were down about six basis points. still working through the economic date of yesterday. the upside surprise on cpi

e*trade from morgan stanley in the u.s. we see millions of cyber threats each year. is - cyber attack. as cyber criminals expand their toolkit, we must expand as well. we need to rethink... next level moments, need the next level network. the only network with built in security controls. chip? at&t business. >>> welcome back to "power lunch." stocks well off their worst levels of the session following iran's missile attack on israel. pore more on the market attack, let's bring in the co-founder and ceo of defiance etfs. sylvia, maybe let's just start first with your take on what the market price action has been today and what it tells you about what investors think of the growing middle east conflict as we currently stand. >> hi, good afternoon. well, today's market action reminds me a lot of what we saw when we heard about the ukraine/russia war, right? for decades and decades it was pretty much smooth sailing. there's always things going on in the world but over the last couple of years these geopolitical threats have become reality. we see a lot of investors fire

goldman sachs and morgan stanley, morgan stanley generates half of the wealth. morgan stanley again and goldman sachs to report returns on equity at least 10% or higher. so, you know, we'll see how you it all plays out. as it gets back to the credit rating agency, fundamentals are strong with lots of liquidity and capital. asset quality remains credible. we expect more of the same despite a ckconfusing and complicated time. >> right. right. michael, i appreciate your analysis. thank you for joining us. >>> stay with us here onnb cc. "worldwide exchange" starts right now. has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you ho

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e*trade from morgan stanley >>> welcome back to "worldwide exchange."call sheet. goldman sachs hiking nvidia price target after the meeting with executives and jensen huang. >>> bank of america is well positioned to capitalize on broadcom. >>> another top pick call is morgan stanley on atlassian with a broader product portfolio and derisk of 2025 estimates. >>> time for the global briefing. bang of korea cutting for the first time in four years. in a statement, the bank said domestic demand is slowing down. it says there is room for additional cuts as it is showing signs of stabilizing and the housing market is slows down. >>> uk returning to growth in august. gdp rising by .2%. brin >>> the chinese finance minister is hold ageing a briefing tomor an announce a stimulus plan. china will deploy $200 billion to shore up the second biggest economy. >>> coming up on the show, one word that every investor needs know today and a pair of big banks are set to report this morning. the key sectors set this morning. we'll be right back after this break. at ameripr

i like stanley. good guy, he's really smart, but industry-by-industry, there's some -- some things haven't. and one of them is the auto industry, because the auto industry would be severely protected, which would then raise prices for the autos, but it would also hurt the american consumer. >> the other thing druckenmiller said, of course, was lamenting selling nvidia. "big mistake." >> i have to tell you. one of the reasons you have to like stanley is, whoever admits they sold something? whoever says, licking my wounds, and the answer is -- investor that's never had a loss year, has a level of humility that i love. kind of like tepper, but less profane. >> he's not alone in being sad that he sold nvidia. i mean, anybody who sold nvidia is sad they did so. i'm sure masa, in particular, at softbank -- how much percent did they own of nvidia six years ago? >> well, remember -- >> made some money. sold it before the big move. >> jensen has -- there are so many millionaires at nvidia, it's incredible. i

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and a special shout out against stanley chang, who's been my partner crime on this for many years. it feels great this book to be done. it was a couple of years in making and i just you know, i just want to lie down and sleep. all right, great. you can do that in about one hour. so i thought maybe what we would do to start off is maybe could talk a little bit about how you decided that you wanted to jump into this because before you were working on this book and before you were thinking about things around mathematics and democracy, you were doing things sounded very different. so for example, calculus of funders is, i'm sure, why everybody chose to come here tonight, because they probably thought you're going to talk about your work on calculus of funders, but you sort took a hard left in there doing something quite different so. how did you get into thinking about these ideas? i think i think the genesis of this sort of my own my own history, i've always said it's interesting how math thematically interacts with society and and on top of that come from a complicated place. i'm fr

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área de la bahía, les informamos que el debate por el distrito 16 entre el exalcalde de san josé, stanley stanley cardew, el alcalde contrajo laringitis y no puede hablar. esperamos poder trabajar con ambas campañas para reprogramar este debate en otra fecha antes de las elecciones generales. y así nos vamos a la pausa. pero al regresar, los diagnósticos de cáncer de mama van en aumento. hablamos sobre el apoyo que existe para mujeres latinas y escucho un nuevo proyecto basado en la inteligencia artificial. busca prevenir y tratar los derrames cerebrales con el potencial de reducir su recurrencia de manera significativa. en palco deportivo, desde people's park vamos a hablar un poquitico de los quakes, una leyenda del equipo de la bahía fuera de la cancha y también un poquitico de de cáncer de mama van en aumento, sobre todo entre mujeres jóvenes. así es. zuly salgado nos cuenta lo que reveló un nuevo informe y cómo una organización está ayudando a las mujeres latinas que luchan contra el cáncer de mama. a sus 45 años, la vida le cambió por completo a evelyn estrada. nunca pensé que me fu

at istanbul zaham university and is a co-director of the lobby in watch dog spinwatch and acer win stanleye journalist. associate editor with the electronic interfada. he publishes a weekly substact newsletter called palestine is still the issue and host the electronic interfada podcast. his book, weaponizing anti-semitism, offers a detailed account of the israel lobbies campaign to destroy jeremy corbin's leadership of the labour party. welcome to the show. david, what's your thoughts on latifa's report where she mentioned that the story about the false yahyar sinwar escape plan aligned with a broad disinformation. over number of months including one which we must now assume is is entirely false, a large report saying that muhammad, of course is the head of the casan brigades, the military ring of of hamas, that he had been assassinated by th tons of... and there from informance and all sorts of things, looks like that was fabrication, but look, what's going on here is that he is, he was used as a channel by by netanyahu to put out messages into the jewish chronicle, big spreads in the je

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