banking of people in the investment bank very happy because i was a big transition away from antony jenkins's about performance. in the same way it is for john cryan over at deutsche bank, ok, you laid out your strategy, and that w now we want the numbers. david: regulators are deciding jes staley can keep his job. alix: there is that too. david: thanks for a much. now we will turn back to general electric. they released the third corner earnings -- third-quarter earnings and stocks fell sharply as the company's mysteries for shares estimates i country mile, coming in at $.29 instead of anticipated $.50. jeffbrought covers -- covers it and just cut his pressure target and we welcome them now on the telephone. thank you so much for being here. in a word, what happened? jeff: this is actually been kind of a slow unwind that has now accelerated. there has been pressure mounting in their power business for quite some time. we have had kind of a longer-term disconnect between the earnings and the cash flow of ge. it just feels like a lot of that is now coming home to roost. the approximate culpr

we will be speaking with the former barclays ceo. , antony jenkins. movingf markets are sideways. a lot of people are looking at catalan and where they can go from here. seems that because brexit negotiations have stalled, the focus will not only be on catalonia and the spanish government's next move, but they will talk a lot about korea and iran's new sanctions. let's get straight to the bloomberg first word news. sebastian: the economy humming in the third quarter, gdp rose 6.8%, and industrial production umped 6.6%, and retail sales o 3%. that gives president xi jinping the platform to shift to a more sustainable growth platform. probing ties between the agency and ties to south africa's family. is investigating whether they mishandled funds. this was the heart of the political scandal in south africa, who has denied any wrongdoing. catalonia's president has said he may declare independence unless the government in madrid agrees to talk. letter togdemont's prime minister mariano rajoy came out just before the deadline to confirm or declare whether it will ask for independence.