he gave the bank tellers pin, bank, aren't his i.d., the teller sue mr. cook we were trying to rob the bank. mr. cooler's case shows that even wealth and fame cannot overcome or stop discrimination. black and brown customers are viewed with suspicion sometimes for just entering a bank. they are questioned over the most basic transactions. access to basic financial services is how families build wealth, discrimination in banking only worsens the racial wealth gap. many brown and black consumers have no place to securely hold their funds. when consumers are pushed out of financial services, they are forced to rely on check cashews. they have far fewer opportunities to build relationships financial institutions. relationships that matter when trying to buy a home or start small business. pandemic revealed the detrimental consequences for minority consumers who have been unable to build that relationship with financial institutions. not only were minority small business owners locked out of important programs like the paycheck protection program, but small bu

standard banking messages with all the banks of russia . this contract is to facilitate transactions. the business and commerce of the two countries is non-sanctioned. today, we have provided the technical background for banking communication , in which the messages related to all standard banking messages, including lc guarantee transfers, and all these can be exchanged between banks, the representative of the central bank of russia in margin of contract signing he said that western sanctions can affect this agreement. the biggest advantage of this agreement is that western sanctions cannot affect it. according to this agreement, the banks of the two countries are built on the same playing field and created by the central bank. the two countries will interact, rizwan of the radio and television news agency, thank you for your cooperation, may god bless you, in the name of allah, the most merciful, the most merciful, with greetings and a good time , at your service, dear viewers, and those who are interested in international developments, w

the american banks flat lined 12 12%. european banks grew 15%. the american banks bought back a lot of shares and had higher dividends and the europeans are starting to come through, but covid hit and many regulators put restrictions on the buybacks that were happening noin the season we are now in the environment where the question is what are we going to do with the remainder earnings we have >> it could be a potential tailwind. >> you have the interest rates going up which is meant to help banks for the most part. the risk, however, of credit losses is still fairly high. one might say. do you think that play into the v -- plays into the valuations? >> i think that is the issue right now. consumer behavior will have a key impact on bank earnings. from two places. the deposit beat that is what level you hando ove the high interest rates to consumers. some banks are trying to give guidance to investors and others have been holding back on that demand the other question is what happens to consumer credit demand early days, this recession that we'r

banks, planes and cars officially kick off. not pretty. banks drop as it gets harder to make money. delta warns of higher labor costs and preps for a hard landing. goldman sachs says, hope for the best. we will speak to peter oppenheimer of goldman sachs. happy birthday, guy. buy tesla. they cut prices on cars just-in-time for your birthday. i am alix steel with my cohost in london, guy johnson. by my calculation, if i gave you $1000 for every year you have been alive, you could avoid a model y. congratulations. guy: my birthday is tomorrow, not today. friday the 13th not the data have a birthday. happy birthday to whoever it is. i think the markets are having a mixed day. i am sure it is the banks. i know the tesla price cut is helping. alix: i also have to say the s&p failed at the 200 day moving average yesterday. you never liked that and it is a long weekend in the u.s. but all that said, we are well off the lows. guy: let's talk about that. my take away from the university of michigan numbers is the consumers like lower inflation. give me the numbers. mike: as our former vice p

banks?am has put together job losses and zeros in terms of europe. are we doing worse in europe than u.s. banks? katherine: i think people here in london don't necessarily like to hear about on the whole, banks do have a tougher time here due to the smaller market. it is more fragmented. those themes are the same here though that they are in the u.s.. i guess here in london there is a huge push to try to boost london to get more listings. banks are going to love that, but they need to see that turning into policy that actually can help them get listings, for example. tom: ok, bloomberg's catherine griffis setting us up nicely for the next conversation. we are joined now by u.s. financial specialists at keefe bruyette & woo, timothy morgan. thanks for joining us. what is the potential peak and rates stateside mean for your sector? >> thanks for having me on the call. the simple story is we are in transition and kay pw and steve for recommending a couple -- a couple key changes in the new year

all of those things could happen this year and the bank of japan, new bank of japan chief will probably be the person driving the increased interest rates when they eventually come. don't forget that japan has had negative rate policy for a decade or so. the signs that it's worked are really not very clear. it is not popular. inflation has risen. people in japan need to get some return on their savings, which they are not getting at the moment. all in all, dismantling negative rates would not be an unpopular move at all. and quite likely the japanese government could say we are taking steps to help people in the country as well, which would happen with a higher interest rate situation. so yes, there's a very good chance that at some point this year, interest rates to go up in japan. david: ruth, this central bank, if i had to pick one, really has a tendency to give a surprise. and i guess the market is discounting that already. maybe rate hikes are on the table right now. what would that mean? relinquishing yield curve control and possibly signaling or implying that the other one would

banks are expecting.sts were surprised lester with inflation being much stronger -- last year with inflation being much stronger. whether there is a major change in energy, there could be a possibility that inflation suddenly slows much quickly and central banks, and if inflation is slowing again, the central banks might feel foolish and there is no reason for them to hike in a situation like that, so that is a danger. dani: economists and central bankers have such a rough go trying to predict inflation. that is bloomberg's zoe schneeweiss in frankfurt. speaking of central banks, there is more coming up at the riksbank symposium. it will kick off. among the host of big-name speakers, jay powell and andrew bailey. you can watch it on your terminal. will jay powell continue to back down the doves? the other big driver continues to be the china reopening story. how much of it is priced in? this morning, we are seeing gains in prices of iron ore. on cctv, the beijing acting mayor has said that the capitol has

, the national bank calls on our financial partners there, raiffeisen bank, any european banks to withdraw from the market of the russian federation, as it is an aggressor country. at the same time, it allows us to work on to the ukrainian market of the bank who is the owner of which the russian billionaires are close to the path where there is logic in the position of the management, there is no logic, as far as i am concerned, there is a certain interest in alpha bank, and now sens bank, he had, let's say so a powerful infusion and let's be frank had an impact on the management of the national bank why because well i will frankly say that in my opinion alpha banks now sense-bank has some kind of this relation on the part of the management of the national bank is very condescending and this applies if it turns on even from 14th year, and for example, then the sanctions against alpha bank can still be understood because there were sanctions against state banks. and this is still a commercial structure and it could be explained, but now well, how have i been since february 20, the fourth -

i'm in a bank in a bank on december 31, this happens.ne how i would like to imagine it being jealous. no, i'm not jealous. i'm cutting olivier maybe it's about olivier maybe it's about the tree you didn't buy or the mother i invited it's about you. thank you. you don't need anyone. yes, lyosh is not a christmas tree , not a mother, not even. i have nothing to say. forgive me please. i'm very busy, you're evil. fool and do not call there all sorts of buttons on the table i will shoot without warning. at i don't have any button. and who has. it 's true. what do you think ? yes , bro, you flunked the guard. this is another article. at least some certainty, and you are a young man to breed a bank. in half an hour, the holiday closes for people. so many things the plane. noe offer is required and yet. you heard in half an hour the bank was supposed to close for the new year holidays, they won’t wait 10 days, so the messenger is already there, yes, we will intervene, we will disrupt the entire operation, the ruble is growing. why didn't you li

central bank.ording to this contract, all standard banking messages , including guarantees and inheritance between the banks of the two countries, can be exchanged from today , and will be connected to the national banking messaging systems of the two countries. and this it will be possible for all the member banks of iran's national banking messaging system to exchange standard banking messages with all the banks of russia. this contract is to facilitate trade and commercial relations between the two countries and it cannot be sanctioned. in this context, the messages related to all the standard banking messages, the transfer of the lc guarantee and all these can be exchanged between banks . the representative of the central bank of russia also said on the sidelines of the signing of the contract that western sanctions can affect this contract, which is the biggest advantage. which actually has this memorandum that western sanctions cannot have an effect on it, based on this memorandum, the banks

banks disappointed. morgan stanley was another big wealth manager that actually broke away from the pack, and now we are seeing a positive trend for ubs as well in terms of giving positive guidance going into the first quarter after net interest income really helps there -- helped there fourth-quarter and that will be well received by investors. dani: allison williams, bloomberg's intelligence senior analyst. we will continue to get more analysis from ubs, and what to expect from bank earnings. speaking of which, we will hear from the ubs eol hammers at 7:00 a.m. u.k. time, 3:00 p.m. in hong kong. let's take a look at other things we are watching out for. 11:30 a.m. in the u.k., exxon mobil will report its earnings. a short time later at 1:30 p.m. we will get insight into wages in the u.s. with an update on the employment cost index. then at 3:00 p.m., consumer confidence numbers. and pfizer will report fourth-quarter earnings and give guidance later today, all before the u.s. open. coming up, tinderbox

at old glory bank., maria, have already been reserved, and it's an exciting thing. i think people feel like they want to run for the hills sometimes like we're surrounded, you know? there's nowhere to go. and in a lot of cases, that's true. so we're in the business of building new hills for people to run to. that's what old glory bank is. maria: i love the idea, i really do. but do you have a confidence that you'll be able to have the infrastructure in place in this bank to get the trust of the american citizens to put their money there? >> yeah. so the way you go about it is you build slowly and me nodically and tearfully. this is the savings accounts, small business accounts, checking accounts. we've had some large businesses reach out to us and say we would like to move our business to old glory bank, and we said you're going to have to wait just a minute, you know? we're building this thing the right way and building it slow. but people ask me, hey, what would keep you guys, keep the government from

you have been bullish on the banks like bank of america.uest: these banks are very well reserved in terms of capital levels. they are well reserved in terms of loss provisioning. they can handle a mild or even moderate downturn and recession and not have to do anything crazy like cut dividends or bring buybacks in materially. i agree that the volatility continues in the market. i think trading remains a good source of revenues of these for the first half at least until the fed moves into the background and goes into a more neutral position. i think the rate story is a continued strong backdrop for banks. you will see expansion year-over-year as the rate work their way onto bank balance sheets. they have a good handle on expenses. a lot of them are reining in expenses as we speak in the context of a little bit of a weaker environment. the price-to-book and p/e ratios are low here and good dividend yields. there is a case for banks. jon: stephen, good to have you back with us, thanks as well to al's and williams, who has a -- allison williams

banks last year and the same for european banks.on't think they will see much brighter light in the fourth quarter for dealmaking for european banks. tom: ok bloomberg's nicholas comfort on that divergence. goldman sachs and morgan stanley. a look ahead and not to what to expect from european lenders as well as a compared to report their earnings at the end of this month. we continue our conversations with industry and political leaders in davos there let's get over to bloomberg's manus cranny on the ground as the world -- at the world economic forum. manus, good morning. manus: we are live from doubles. we have -- we are live from davos. joining me now is khaldoon al mubarak mubadala investment ceo fromceo . oh off scholz is no recession in europe. he says they will avoid recession. describe for me your outlook. has your mood moved on global recession obsession shifted? >> i think our mood is more of cautious optimism. i think the last two or three quarters and particularly q4 last year was very negative. i think that mood spilled

one bank with the power of both. chase. make more of what's yours. what if you were a global energy company? with operations in scotland, technologists in india, and customers all on different systems. you need to pull it together. so you call in ibm and red hat to create an open hybrid cloud platform. now data is available anywhere, securely. and your digital transformation is helping find new ways to unlock energy around the world. wait... do you use singlecare? no, i have insurance. oh singlecare can actually beat your co-pay. check the singlecare price today! >>. >> . maria: welcome back. the white house press secretary karine jean-pierre now accusing florida governor ron desantis of political stunts, you heard that right. after desantis threatened to bill the white house to cover cost of combating surge of illegal migrants to the florida keys watch this. >> we've seen governor desantis do political stunts that is how he perceives to fix the -- this issue from florida. all right. and he takes -- you know, he -- we're talking about people who are

bank.les for credit cards, but mostly global and they're competing against ubs and others so, the question for frazier is where do you go from here because they're certainly not going to catch up to bank of america or jpmorgan chase in the u.s. market. so, again, they're one or two steps behind wells fargo on any kind of a turn-around. >> david, more broadly, looking at the bank sector as a whole, rising interest rates, which may be, perhaps, depending on who you speak to, could have potentially peaked late last year double-edged sword potentially for some of the banks, wells and others, in the sense that maybe it cuts into loan origination, things like the mortgage business on the other side you have net interest margin benefiting from that how to think about that balance across your coverage universe, not only through this earnings season but as the year unfolds >> sure. i think with this quarter and the results we saw so far, and we can extrapolate this into next week and the regional ba

at what point did insurance and banking joint up in the national and then state banks? also, love to hear more about risk insurance changes. how risk insurance changes the state. >> so, banks -- so insurance companies as state chartered businesses their lives are very intertwined with state banks. i think i mentioned that insurance companies need places to put their money so they put them in their friendly local bank and they buy shares in their friendly local bank so these numbers of charters often track really closely together and often the same guy will like have a hand in, you know, both local corporations at the beginning there are often, they are often political allies that found the same kinds of corporations. what is interesting is how corporations lose their flavor because states find it easier and everybody sort of just decides that proliferation and banks and insurance companies are in their best interest. insurance companies invest in banks and banks do a lot of services for insurance companies. they like, so if a merchant essentially pays for an insurance p

bank, the seller , the buyer, a square appears, that is , bank number two appears, and banks do notike this and rarely go for such combinations . too many actions. it must be done. this means the timing and risks of equity are growing. for the sake of name and pluses of this variant. in the secondary market, as well as in the primary market , most people buy an apartment on credit without owning the entire amount. so there will be more people willing, the seller himself also does not need to have funds for early repayment, and finally. no need to go to the authorities and remove the burden of housing. this is already the concern of the new owner when he decides to pay off the mortgage. what about taxes? of course, they will have to be paid, as with the sale of any other real estate, there is a personal income tax , there are separate exceptional cases, there is a period of possession, after which the tax is no longer paid. there is a general period, there is a shortened period, which depends on the acquisition options. there is a gift of inheritance. or there, if this apartment is t

figures are out friday for the banking sector. what do you think we can expect? yeah, what we will see. yes. and that will be the key thing. will banks war and that they will be putting more money aside for possible credit losses? we'd probably be billed the profits to decrease a bit, maybe revenue even increasing a bit, but how much money bank are putting aside that will be great. thank you. yeah, well that's are. and finally a modified boeing $747.00 nickname cosmick girl is bound for the skies. and at 1st for the british space industry, it's taking off from southwest england carrying a virgin orbit rocket under its wing. the rocket is carrying 9 small satellites that will be deployed once it reaches earth, slower orbit. the new spaceport gives europe options for launching smaller satellites at a critical time after the ukraine war cut access with use a russian. so vehicles. this is virgin orbits. 5th commercial launch. that's are so thanks for watching. ah. do you like it with do you want it? okay. then buckle up, put the pedal

the national bank of ukraine also changed the requirements for banks regarding reserves and made them stricter . as far as i understand why you made such a decision , what signal are you sending to the banks? and the population, of course, to the depositors of these banks, what should happen, first of all, -e i would like to note that this decision has several aspects for us during the past year. during this year, our banking sister system received a fairly significant financial resource in connection with the fact that in connection with the fact that we have a huge budget deficit, which is financed primarily by international aid, and last year it was also financed with the support of the national bank. most of the funds in recent months have been deposited in the current accounts of the banking system. well, in our opinion, this creates a certain liquidity canopy, which in the medium-term perspective, it may create additional risks precisely because e-banks, at the same time, reacted rather slowly to the increase of the national bank's discount rate to 25%, slowly increasing their d

at a briefing with journalists , a representative of the bank of russia noted that the banking sector a loss in 2020 second, if not for the easing of the regulator, banks not only did not reduce the volume of business, but also increased their loan portfolios. e plus. e, of course, financial stability was preserved, which is primarily important. both the fact that before that a sufficiently large capital safety margin was accumulated, and e, such coordinated operational support measures from us, as a regulator, and from the state, both in relation to the banks themselves and their borrowers. well, we must pay tribute to our companies that could. in general, in such a fire department. what is called the mode to adapt to new conditions. as a result, the share of profitable banks in terms of assets amounted to 77%, and their number was 270 before all market participants reported financial results to sberbank, its net profit amounted to 300 billion. in 2022, a separate credit institution. finished the year with losses, but judging by the forecast of analysts. in 2023, there may be fewer o

in banks or systemic problems in the banking sector, but looking for very anemic if any growth from the area at the moment >> firms are laying off. you saw the credit suisse numbers, but you have all of the other lenders aslenm looking t layoff staff that is because of the last two years. when that begins to show in the numbers and do you think that is the clearness we need to tell when that recession is coming? >> i think so. i think a lot of this depends on the broad labor market we are seeing layoffs in the financial sector and tech sector at the moment as well. we are not seeing a broad base across the economy. if you see unemployment starting to tick up, it suggests that it doesn't tick up in a small way, but in a big way as soon as one person losing lo their job, they stop spending. that will be key we need to watch is the labor market. that is what we need for the equity market. some of the bad news to come through to allow us to have tha catharsis or capitulation. >> ben, good morning companies have to write down assets left and right across different sectors. where are the

bank earnings. up next, we hear on why they are increasingly come to be about adding risk into market pullbacks. this is bloomberg. ♪ >> the next shoe to drop has to be a decline in the economy. and in particular, a contraction in labor markets. because the core issue of inflation is wages. >> we expect to see a mild recession, largely driven by the painfully persistent service inflation. >> does that mean that central banks are going to keep retire for longer? maybe. and that is the issue i have related to liquidity. >> you also need to look at the shareholder perspective. it is clear they are going to get cut on bonuses. shery: banking and business chiefs at the world economic forum in davos weighing in on inflation and economic risks. of course we have plenty more big conversations coming up from davos today, including the bank of france governor and the blackstone ceo. our next guest says he is increasingly come double adding risk into market pullbacks. let's discuss where the opportunities are

bank interest from when will the money be available in the banks? salam alaikum, dear staff, as well as dear viewers and compatriots, and congratulations on the birthday of hazrat ali , peace be upon him. congratulations in advance regarding the discussion of recent monetary policies. it was approved and we had this resolution today in a meeting with the honorable ceo of the banks, and it was notified and sent to the banks by the central bank, and it will be implemented from tomorrow, god willing. it does not create up to the previous conditions but interest in the bank, working capital and facilities that are approved by the monetary and credit council before 18%, if the bank violates these, what will be done with them, one of the most important things that the proverbial opinion of the central bank is that failure to comply with these is hamlet it affects the banking industry, it causes dissatisfaction and overdrafts of banks and affects the economy of our country in this regard . in fact, we talked to the banks today and the necessary reminders w

banks. representative of the central bank of russia is also on the margin the signing of the contract said that western sanctions will not affect this contract. the biggest advantage of this agreement is that western sanctions cannot affect it . based on this agreement, the banks of the two countries were built on the same playing field and by the central bank of the two countries rizwan basfa of radio and television news agency will interact with minister advisor and musandam governor of oman on the sidelines of visiting the exhibition of investment opportunities in free zones in the field of oil, gas, petrochemicals and renewable energies, referring to the capabilities of the qeshm free zone of economic complexes. and businessmen of the region were invited to attend the international exhibition in muscat. the ceo of qeshm free zone said that iran is ready to provide its capabilities to the omani side . alhamdulillah, it was satisfactory, there is a good interest the special activities of t

inteza, paula otp bank and amg bank and credit- credit agricole previously national bank turned to them non-public, but recently information about the provision by some foreign banks, preferential lending conditions for the participants of the so-called special military operation, i.e. for the russian military, this forced the national bank of ukraine to make a public statement in in lviv, a free tailoring course was completed. most of the graduates are refugees from war zones. the training helped people learn new skills. let's see how it all happened. let's see on our broadcast. every day for four months, they learned to sew , crochet and model clothes. now 24 graduates have received certificates. which testify to their professional achievements, the selection for tailoring courses was attended by those candidates who had the greatest motivation to acquire knowledge , therefore, there are many vacancies on the labor market and we still need employees who will have certain skills, so our graduates, i think, will not have problems finding a job. the training for the participants is free,

vanilla banking, which is what most people want from their bank anyway.lead the republican national committee. well, ronna mcdaniel has been reelected. you wanted her out. reaction? >> you think there's a crisis of confidence with conservatives around this country when it comes to the rnc, we've seen our donations be squandered and spent like rock star the living out there. we've seep -- seen them promise toot things and not do it, so there's a lot of work ahead to try to rebuild that confidence. there's millions of us out here that have zero confidence right now, so i'm really curious to see what she does in the future to try to build that back. maria: john, it's great to talk with you this weekend. thanks so much. john rich. >> yes, ma'am. maria: all right. we will see you soon. i've got one important thing you need to know about ahead of next week. don't miss it,st next. ♪ ♪ ♪ hey, man. you could save hundreds for safe driving with liberty mutual. they customize your car insurance... so you only pay for what you need! whoo! we gotta go again. only pay

cfo of wells fargo we'll talk more about bank earnings later in the show when we're joined by bank of america ceo brian moynihan for an exclusive interview. >>> tesla falling today as the company cuts prices in the u.s. and europe is it a play for tax credits or a sign of a bigger demand problem? we'll ask an analyst next. >>> dow's up 64 points you're watching "closing bell" on cnbc. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-217-3217. we'll send y

how banks deal with it, how banks deal with traditional banking, and what they do. the answer is they do exactly one thing. here in davos's, they will cut costs. >> let start with tesla. >> is a busy friday. 20% price cut. u.s. and europe. >> dick bove or was a giant at morgan stanley, and once it dinner, we walked through fixed costs and variable cost to a company. i would suggest that a automobile company is a massively fixed costs business. when you cut 20% and pricing, revenue is a unit in pricing. you do need a real unit makeup to cover any of the marginal fixed cost changes. >> where does that come from? china reopening? >> the new innovation in ev's. i look at the ev's of new york city drive-by, not all of them are tesla's. next have you seen the performance of airlines. i went over that numbers. united is up 36%. this is jetblue at 25% and delta 25%. these are major gains. next there is a huge repositioning going on, and that is not only in equities, but also write on the screen. foreign exchange. we are not focused on the nuances of 20 or 30 different pairs

during the global crisis, they had one of the best banks around the theme for bank of america, bank corpect estimates go higher in contrast to some of the discussions you were having before we think the main street banking revenues continue to grow after fourth quarter we think that their expenses are under control, no ah-ha moment like elsewhere we think they're near best in quality. a rising tide can lift a lot of ships. >> mike mayo, thank you very much good to hear from you, especially on the big call today of wells fargo let's trade it guy, your thoughts >> i love zack's work, and you're going to say it's mike, not zack, and i'm going to nod my head, because that's what i do bank of america, i love this call if it gets to those levels, the metrics that i look price to book, price to tangle book, understanding those numbers don't move dramatically, it's going to be expensive. i will say goldman sachs has been a name we've been on for quite some time. it's pulled back from 383. i think it's 345 now i think goldman sachs in earnings is probably a great trade on the long side >> we're a

the agreement to send banking messengers of iranian and russian banks was signed in the central bank. based on this agreement, all standard banking messages including guarantees exchangeable letters and messages between the banks of the two countries will be connected to the national banking messaging systems of the two countries from today, and it will be possible for all banks that are members of the national banking messaging system of iran to exchange standard banking messages with all the banks of russia. this contract is to facilitate trade and commercial relations between the two countries and it cannot be sanctioned. today, we have provided the technical background for banking communication, in which all the standard banking messages, including the lc guarantee and all these between banks, will be sent. exchangeable, the representative of the central bank of russia also put it on the sidelines and said that western sanctions can affect the contract. the biggest advantage of this memorandum is that western sanctions cannot affect it. according to this memorandum, the banks of t

francine: what about banks?els like a juncture because of higher interest rates for a lot of the banks. mansoor: financial institutions is a very important pillar in the mix of portfolio we have, and in different markets. so ideally, any exposure in any particular market. we would like to have a very balanced mix in the portfolio, whether this is technology or financial institution, or real estate, we always aim to have this balance. so investing in a financial institution will always be a theme for us, but we are also moving to fintech, digital financial institutions is becoming very popular and a very important theme in our investment. francine: with this beat mobile-only, or a comfy with a big presence online? mansoor: it could be online only, insurance, for example. it could be anything. this is important. and again, it lines up with our theme which is digitalization which is becoming very important for the humankind. francine: how much do you like football? there is speculation on the back of the world cup,

and banks, how can you improve?es, the whole mouth, insha architecture ruffs and hired left-handed architects in koli, i want them it was advertising, image, such a speech, to encourage the hallway of competitors in the old hours, this street was the very ukraine of vitebsk, the remoteness of a bank bottle from the city center was to the fathers, justified by more established clients this setup was the bluelines. i kiya used to come to the city in shawls and close up in the stomach. the medical center was not at all pozhadona budavnits on the land bank according to the drawings of the architect. tarasov was uncompressed in 1913 and the already miscalculated years of the main task of the architects were projects from the muzzle. let the phenomenon of sounding selyanin intensify for him a joke of hope and kindness for the gettah , the pseudo-russian architectural style of velma has disintegrated, of course, this is the worst model for the elements on the fact that its may is driven by its kuts, flanked by veils. eh, p

>> citi is bank is a much maligned bank. i think they're going to outperform on the lending side, commercial lending i look at delta airlines airlines started to make a move. they have been under a lot of pressure we've gotten a lot of preguidance and numbers out of delta. i don't think any surprises there. i think airlines continue to run. >> how about you >> doesn't have to be out of this group that's reporting next week >> well, i'll play the game fairly let's not color outside the license here we get punished for that around here unh -- >> and you've never done that either. >> never never get slapped on the hand. >> okay not. >> i'm going stick with unh. high quality name. had weakness going forward, but this is the sector or sub sector i want to be in. >> i think southwest really afforded the airline space to tim's point. >> what did it afford it >> it afforded them the ability to get a presell-off before they get into the thick of it it took a lot out of these equity names and you're going to see a lot of them bounced

he handed over to an unfamiliar student at the bank.fact, there was no student, but there was a boy from an orphanage. he then arranged fire, so that it would be easier for you to find the second envelope, it is not good to involve children of adventure, please, bessonov, all these notes. why did you find you in what? because you yourself got them your own handbags, how is your missus alive? you make me laugh. i want to quickly forget about your existence. they think the world revolves around them. it 's like other people don't exist. pass the sleeplessness. what am i ashamed of? that's the way it should be. repeat conditionally the corpse bury the basement, it should disappear. who are the germans, i suppose? it doesn't matter, our the transaction is cancelled. you let down the people who let you down you can't say hello from london mister browser. hello to you from london all her sons were born with a severe genetic disease. i gave birth to a girl and three boys, three sick boys , all muscles atrophy up to the respiratory muscles of o

it's a democracy with a stable banking system, and criminals love democracies with stable banking systemsthis is why australia is a great destination for illicit funds. sean: tonight, on "four corners," we investigate russian money and influence in australia. we track the tainted cash from russian criminals and poticians that has washed up on our shore. we reveal how one of putin's closest allies lobbied australia to help lift u.s. sanctions from his business interests and how a propaganda war is being waged right here to support the kremlin's global agenda. ♪♪♪ sean: the new south wales chapter of the night they're heading for a cenotaph on sydney's northern beaches to celebrate a famous russian battle known as the attack of the dead. vladimir simonian: [speaking foreign language] alexey muraviev: the night wolves are probably the most well-organized and best-branded russian biker organization. the current strength of the organization is about 5,000 active members. it has chapters all across russia but also spreading into the former soviet space as well as into europe as well as other pa

big banks and their we have cops on the bank.enator daines: before i make a few remarks, i would like to recognize ranking member toomey. i remember my days at proct tore and gamble. in a petition to supreme court on september 14, the cfpb asked the fifth circuit court ruling that the unprecedented power was unconstitutional. the petition claims that the cfpb funding is constitutional because dodd-frank authorize dollars the director to decide how large the budget can be and mandate the transfer of requested funds. however the constitution prohibits agencies from spending federal treasury without appropriations made by law, unquote. in its decision, the fifth circuit said that an expansive agency insulated expressly exempt from budgetary review and headed by a single director at the president's pleasure is the epitome of the unification of the purse and sword of the executive. i believe it is highly likely that the supreme court reviews this case and upholds the fifth circuit decision. we have asked for our colleagues to join us

is also related to banks, related to the central bank ., continue, what will happen to foreigners , what will happen to foreign banks, maybe you have an insider, i don't have any insiders, but what i think about this topic is that the national bank made a very right step, the only way to withdraw foreign retecompanies from the english market is how do they say the least? in english, that is, to name and to shame. this is exactly what the national bank did. it listed the banking groups that are still working in russia and those that are represented in ukraine, and very cautiously, very indirectly, in diplomatic language, urged them to leave the market. the more votes there are, the more. we, as ukraine, will point out such things and advocate in the international community that these companies should leave the market, that their reputational losses should be greater than the gains from working in russia, the sooner there will be this international isolation of russia there faster and the more effectively international sanctions will work, s

in the u.s., the kbw bank index down .8%. jp morgan and citibank trying to run into positive territory. the guy's point on mobile, down by 3.3%. this is for gm and tesla. airlines up 1.6 and it is a delta story. even if demands are ok margins compress which seems to be the story and one sprite -- what is priced and becomes a hurdle for the market. guy: it is going to be interesting in any season and guidance will be fascinating. let us talk about the car story. these are some of the names that you would compare with tesla, competing with them. bmw down 1.7%. forshee -- porsche down by a little bit. mercedes, one of the closest representations of tesla if you think about the ev story, and bmw is there as well. down by 2.55%. did tesla just started a price war in europe is one of the key questions that a lot of people are asking? alix: this is the perfect chart to backup up your point. is and should tesla be valued like a traditional car company and this is from dan curtis. the yellow line is what the market cap is. $382 billio