tony chang reports from bank on time. health officials set out on a coven, 19 test, and treatment mission. although close to bangkok, some of these areas are only accessible by boat, especially during the rainy season. urban centers has seen the highest infection rates, but increasingly suspected cases being reported in remote and rural districts and health services being stretched to breaking point on either anake on bar who is currently i'm worried because we don't have enough health officials to take care of patients even though case numbers and those are waiting here to keep rising with government services under strain, sometimes taking matters into their own hands. this group of volunteers going door to door testing oxygen levels for those to show curve at 19 symptoms. with many impoverished communities suffering from high levels of infection, they're learning to look after themselves. one of our friend, ny he couldn't get any help. he couldn't call anyone. we don't want that to happen to anyone ever again. hospital b

of risen, but also crypto, we know that -- those are not things that i think you will want to bank on any timeng i struggle with on this company, what did they innovate on? when you looked at the s-1, i thought the average size of the accounts and the sort of trading they're doing, it's not likely to be the thing they're able to build on they're going to have to offered more services and grow with these clients if foss clients' balances do grow is it a referendum on what people think yeah, but it's just not for me >> they brought the other that was revolutionary. is there any else that is revolutionary? it's a complete 2021 thing -- but apparently you hold something, and you don't let go? it was literally trading 33 are they revolutionary in some aspects, yes danny moses called me before he said this was the worth-performing ipo of its size since mf global. that's pretty interesting stuff. >> tim draper, early investor of robinhood, great to see you again. >> great to talk with you. i don't get to see with you, but i get to talk to you did you sell any of your shares? >> not a share i love tha

if you go back 30 years, banks used to be really threatened by money market mutual funds. later, they were concerned about index funds. at one timenks were really scared of computers because of the idea they can maintain ledgers faster than the bank employees themselves could. the banks always managed to adapt to that kind of environment. what i try to do at the occ, is to make sure banks understand what is coming. to understand that defi and other crypto products are competing in the same space that banks typically serve. and to adapt. banks have the customers, but they are where the money is. they have the ability to succeed in this environment instead of resisting if they understand it and adapt to it. sonali: you have been in this role for a number of weeks now. it's a pretty new job. also, i am wondering what your most immediate plans for expansion are to improve customer service, get past regulators, and ultimately get ready for a potential public listing. brian: that is a great question. the first thing we do anytime we step into a job like that is think about what are the four things we need to do to make this company a w

on the bank, it depends on the institution. we do think m&a is going to be hot for a long time and that should help institutions like goldman sachs and jp morgan. the core banking business is still borrow short and lend long. it is one of the reasons we do not tend to overweight financials as much as our value peers do. we saw a massive reserve release as credit is really good. tom: the hallmark of gabelli's i'm a shareholder give my cash. do you all suggested that you are going to see share buybacks like you have never seen before? christopher: we are going to see a pickup on that. we are very cash flow-focused. it is not so much that we are looking for buybacks, but management teams to take that cash and invest it in projects. that is what we are paying teams to do. short of that, we would love them to return cash not so much in the form of dividends, but given the perspective tax regime, but in the form of buybacks, we would like to be the last owner of all the companies that we like. we will see more of that. jonathan: good to catch up. appreciate your time. christopher marangi, chief investment officer as we count you down t

james gorman has been on a mission to transmit his investment bank, and more stable business with repeatable results. and that's why he bought both e grade, and advance this timehat even the safer more dependable mor dan stanley, this quarter is firing on all cylinders, one more reason we owe for the travel their wealth management, investment management businesses saw a combined $250 billion worth of inflows that's how you grade this company, by the way, inflows, over the first six months of the year this is now the most expensive bank stock that's for good reason it's close to risk free as you can get with the large bank, more of a fee generator. that's why when it was down today, third, this is the toughest one goldman sachs, sold off in response to one of the greatest quarters, headline numbers were jaw dropping, $15 per share. wall street was looking for ten. much of the beat came on big gains on equity investments. investors don't care about that because it's oneoff. they seem to have a oneoff every quarter which to me empirically means they're not oneoffs, they're just good. nearly every business came in better for goldman, even fixed income currency, co

banking to $3 billion. they advise on the top deals this year, including the megamerger between time warner and discovery. p. morgan also advised on that deal saw their investment banking revenues rise a record to 3.5 billion. it is their best every year, and whether that is sustainable is the big question. manus: absolutely. great to have you back with us. a couple of warning shots for me, we know the rich do not spend, but they borrow. they are borrowing but main street is not a j.p. morgan, and we are banking the money. that is a warning sign for me. the average loan growth was flat. jamie dimon said, do not expect another release. are they the warning shot that holds us back? >> absolutely, and that is why you saw the stock selloff. the trading revenue being down was baked in, investors were expecting that. they were hoping for better news on the loan growth front. they jp morgan cfo thinks it will improve in the next couple of quarters, but that remains to be seen. america has come out of the pandemic in good shape, but people are reluctant to spend. spending has been off the stimulus payments. it wil

the interest rates and net interest margin and all the hair on the bank stocks right now >> yeah, i agree i have owned paypal for a long time it was one of my top picks in january. that's just a secular trend and they're doing -- they're executing on so many different levels i think from the credit card space, i don't own capital one i'm looking for an entry point their earnings come out july 22nd i don't want to take a new entry point a week before earnings so we'll see what happens but i think that is a secular grower and i think -- so a capital one going forward, i think outperforms a bank of america. i definitely think this is a time in the financials to pick your spot because on the other side, then you have like a wells fargo which is just like a turn-around play so i do think this is a really good opportunity to pick your spots within financials and own once again a paypal, a capital one if you get an opportunity. goldman sachs. because those companies aren't so reliant on net interest margins. and, hey, you can just go buy a visa and call it a day because if you pull up a chart of visa, that stock continues to go to

bank. if you look at the valuations on the traditional banking sector, particularly in the uk, around ten timess. so, not everyone will be familiar with revolut, it is valued as a technology company. you are right, there is some nervousness, particularly with the cryptocurrency exchange. the confidence that consumers might have to take a broader range of services rather than just fx transactions or taking loans out, that is what the investors are gambling on — that that transition will happen. there needs to be confidence that the underlying entity is sound. when will the transition happen because we have had some of these apps around for many years, people are more confident and familiar, but they are used more often as a sideline next to an old—fashioned bank where you have your mortgage and salary going in. there are two big drivers to that customer transition. first, the direct marketing incentives that companies like revolut can provide. clearly, this investment will partly expand, but also try and deepen its marketing, targeting, try and get the behavioural shift to happen, but the other

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let's say i'm a joy and you're a great time, grief on banks of the site. wall street broad thank you for helping with the choice. 6 that fell out that way. i ah, me the, the ah, creating a country when your opponent is the strongest out of the rule and between the u. s . pull out propaganda saw under the war. some reports from recapture, totaling up at the time about it. once again, i'm hoping severe restriction on the sharia law, the russia anyway, that you had a knowledge of what, what about them? but what would happen, roberts, would explain of only revealed the ability to send that a team of boys, an expert on the very day, the criminal critic bill on board a plane inside russia botany, the drum for inclusion, and the quality u. s. federal agency goes, woke books by itself and having to photoshop disabled people into the cover photo they're going to go out any way in just a few.

on banks in the u.s.. big banks are reporting on tuesday u.s. time. ut in asia and china, when you look at banks, there is? 's over banks around the world. what do you see there? lorraine: the thing about the banks we like is we are expecting imporvement in their interest margins to lift earnings. particularly in china, we expect an uptick in the cycle they've been going through for years so we are looking for imprvements in loans growth. there is not going to be one huge boost for these few positive trends going on. that is what we continue to like in korean and chinese banks. we see value in quite a few franchises. kathleen: do you have any mention -- we surprise people. she is positive on that industry, those companies. lorraine: um, just in general, we don't have --we do have names we lock -- like but the trend is similar. we have buy calls in korean and japanese banks. within chinese banks, we prefer chinese construction bank. the welcome management space will spearehead growth. whenever there is opportunity to pick up tier two and smaller private

republican boycott, in part because she took the choice of saying i'm not jim jordan and jim banks on the committee. every timeis blue, they say it's not. we're not going to do that. that's a risk. it gives the republican is foil to say it's not legitimate. >> democrats feel comfortable with the decision. republicans had an opportunity to vote for the bipartisan independent commission which was an even split. that being said, i think democrats recognize they need to do everything they can to make this as credible as possible. we at cnn have two new pieces of reporting. pelosi is considering pointing kenzing to the select committee and also hiring republican staffers as outside advisers. that's an insight. >> this same at the town hall last night. the president knows what trump said and other republicans say in an effort to rewrite history and the president says you don't have to like me. watch with your own eyes. >> i don't care if you think i'm satan reincarnated. the fact is you can't look at that television and say nothing happened on the sixth. you can't listen to people who say this was a peaceful march.

bank rate finds half of u.s. adults have gift cards, vouchers or credits. the average person is sitting on $116. many timesn is with bank rate. rate.com. >> half of us have lost value at some point, either because we lost the card or it expired or maybe the business went out of business before we had a chance to use it. >> reporter: experts say there is no reason to let the value of a gift card go to waste. there are plenty of sites that will raise card cash them. you can sell the card and get 80 to 90% of the value. you can often add additional value to it. you might not give your brother the $4.17 home depot card you have lying around but if you can round it up to 25 bucks or 50 bucks -- >> rossman said it's a good idea to use the card and credit quickly. >> now that you reminded me, i'm going to go home and dig them up. >> reporter: it's important to remember the cards are only a gift when you remember to use them. pasadena, california. >> according to bank rate.com 73% of consumers with unused gift cards have held on to them for more than a year. >>> coming up this morning, an exclusive with john kerry

time. she's one of the sperm banks. biggest critics. so good. nice to you. yeah, we were out have long before dna testing, wendy, and her don't. a conceived son, ryan started a website. it was called a donor sibling registry. d. s. our parents only know the anonymous donor by a number on the d as r site spring can use that number to find other children from the donor with the same number. their siblings and thousands of donors also sign on to match their offspring. as our tim, the donor and l. a found is these numbers are updated every night. this is how many people we have matched. 17926. so we will hit 18000 in february. and then 67188 people on the dsr. so that's parents don't or can see people children, the parents have posted and donors, a donors and firm donors. sometimes the donors find that the sperm banks have lied . can you imagine you're this guy and you go, you know, i think the right thing to do would be to make myself available to those 10 kids. i was told i might have out there. yeah. and you come to the dsr and i know this because i hear from

lobbying in congress, etc., etc., and we have imposed on the rest of the economy the idea that banking and finance are utterly important at all timeshing wrong to us, the entire economy will collapse in ragged disarray. >> jacoby: as finance grew, so did the risks. one concern was what would happen to all those companies that had gone into debt if there was a downturn-- and what would happen to the trillions of dollars in corporate bonds that had been sold to investors. there were also increasing warnings about a key player in all the borrowing going on, little known and unregulated financial companies that had been flourishing in the easy money economy, known as shadow banks. >> shadow banks are large financial institutions that don't have bank charters. so they don't have a special relationship to the government. they have other financial licenses to conduct other types of financial businesses. >> jacoby: lev menand, who'd been an economic advisor to the fed and the treasury department, said the biggest source of worry about the shadow banks was their lack of a cushion in the event of a downturn. >> the core of the problem of the

bank of japan. time can survey. it says businesses, they're betting on a strong post pandemic recovery despite some setbacks trading platform. robin hood has agreed to pay a record $70000000.00 fine to us regulator. finra for harming millions of uses. robin hood was accused of getting uses misleading information about their accounts . it must also pay restitution to uses affected by system outages. in march 2020 amazon has formerly asked for us anti trust chief lena con, to step aside from investigations into the e commerce giant con has been a vocal critic of amazon and other us tech firms within at confirmed to appointment as chair woman of the federal trade commission, this month's celebrity investments, encrypt currency has sent value of bit coin and co, soaring and raise their profile mining or making big coins is an enticing prospect in a country like argentine or where the national currency is depreciating rapidly, but there are risk attached people like argentinian alejandro are hard to trace. he's afraid of the tax authorities. he's one of many who mines crypto currency from home lupins. i'm going to go mo

bank even. five times in one case. the city also dropped all charges against hundreds of rioters and looters and we have actually real evidence, overwhelming, incontrovertible obtains, pictures, and it's not just new york. after a wild shoplifting spree in san francisco, one former mayoral candidate is finally standing up to the far left democrats who run his city. take a look. >> this is the far left wing governed city. there is virtually no conservative -- even centrist candidates, especially on the city council. this city is controlled completely by left-wing ideologues. >> sean: sadly the radical left won't stop at defunding local police. they also want to defund anyone, everyone, who protect our borders. take a look. >> their answer to that question is we must illuminate funding for their parent organization dhs. time after time we have seen it as advocates on the ground continue to see over and over again that these agencies are inapt. >> sean: according to white house press secretary jen psaki, its republicans.

i know if you have them on the screen the thing to look at how banks despite making new al time highs, the index just in the past getting above the 2007 peak that's a long p to get back. the question is one really compensated for the risk in the beta associated with very cyclical area of the markets in principle, the answer has opinion no there are always ones that are better i have some favorites. one look at the big financial reporting this week. i think black rock will be okay. goldman, morgan stanley. >> if it doesn't look good, what exactly could make it look better for some of your not so favorite picks are you watching the charts behind the ten-year yield closely. is that what's going to drive the trade for all of these is that tail that's kind of wagging the dog or vice versa >> not so much they all have bit of tough go here lately. here back at 135, 136, i think rates are where they belong and that's not really the driver now. now it's going to be about copying against very hard numbers, hard to come up against from the training activity and also just the general risk that we

statement to cnbc, bank of america said its number one goal has always been to ensure legitimate recipients could access their benefits. >> what was going on with bank of america at the timeter: after months of back and forth bank of america gave them credit for their missing funds but they say their lives have already been up ended. >> this is peoples lives you're messing with, this is my life you're messing with, his life, her life i feel very like punched in the gut. >> reporter: amid our questionings over the last few months bank of america and the state of california told cnbc they are in the process of transitioning to chip based cards pending california legislation would also add a direct deposit option for these benefits bank of america seized this type of work in kansas, maryland and nevada in recent months. we called other banks that provide these benefits like key bank and comerica. only key bank commented to us and that's all they said d dom. >>> leslie picker, thank you we have phillip mena in new york with the latest headlines. good morning >> good morning, dom 50 people are dead and 1,000 are missing after the flooding in germany. storms caused rivers to bu

time. >> on june 17. >> banks says stacy was making a delivery in downtown walnut creek when he was involvedage incident that ended with gunfire or individuals who have no value on live. don't care about life. obviously. >> to do something s heinous and so. tragic as this. he matter the contra costa county district attorney's office says 18 year-old dylan baker of martinez opened fire killing stacy. >> he has been charged with 2 felonies murder and shooting at an occupied motor vehicle. 22 year-old jason collazo of martinez and a 17 year-old boy were also taken into custody. but later released as of now baker is the only person who has been charged in the case. he remains in custody in martinez. his bail set at 2 million dollars. kimberly banks want justice. i understand and accept that is going to be a long and hard. >> that'll. but it's one that i'm up for and whether stacy is here or not. it's something that i would have to do being his mother and i will do take my last dealing baker is due in court in september. >> the district attorney's office says the case remains active phillipe djeg

one has just made us 1st strong will to the council. it's greg to the youngsters around side all day and they get plenty of bank vacation. so i'm lots of time. in the meanwhile, you is working on her technique instructor will stays close in case you need help. you try to focus on standing up despite being tossed around by the ways i know that it is a challenge which is helping me to overcome any inhibition. use the view is proud of the progress that she's made so far. please help me clear your then when you print on land, you can things individually long. that's a whole lot to me. if lightning be found, the i still make much of mistake, but when you finally found up on my poor, it's a great thing in the face of whole, high village has changed since the surfers arrived. now there are beach bars and other businesses that cater to young, hip customers the the serve tourists are welcome here, provided that they spend lots of money and don't criticize china as communist government. you can see them everywhere. some of the older residents sell beetle not on the sidewalk as they have for year and lots of stores and restaurants are making good mone

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one headline that is bruising by its sheer magnitude. risk control architecture was not lacking. this is an investigation into a bank that has now lost $5 billion on lending, scaling up leveraged by 10 times decline. it's below the estimate of 379. the swiss national business is a beat but it's investment banking where you're seeing the pain taken from ark egos. we will speak with the ceo shortly about how they're able to split a lineup like that, the risk control architecture was not lacking. i don't think we can say that often enough. the ab b and z, if you fancy a type of beer. there seeing revenue growth outpacing the adjusted ebitda but they have missed on the second-quarter numbers. the adjusted ebitda rises 31% and was expected to rise 40%. a little ahead of what the markets expected. let me take you back to the airline industry, to airbus. they have upgraded full-year outlook to 4 billion from 3.17 billion. deliveries will deliver 600 commercial aircraft this year and a free cash flow of 2 billion euros. the state of play for them is interesting. no further disruptions in air traffic in the world economy, their guidance is based on that but of course we are in an unprecedented env

one has just made us 1st visit. you know, it's great for the youngsters around side all day and they get plenty of bank. 7 vacation, so i'm lots of time. in the meanwhile, you is working on her technique. instructor woo stays close in case she needs help . you tries to focus on standing up despite being tossed around by the waves. i know that it is a challenge. this is helping me to overcome any inhibition you the me view is proud of the progress that she's made so far. will you tell me clearly? oh, then when you press on loud them, you can things individually long. that's a whole you. on the more 10 to me if lightning, the sound the door, i still make a mistake. but when you finally sounds up on the floor, it's a great scene in the face of whole, high village has changed since the surfers arrived. now there are beach bars and other businesses that cater to young, hip customers the the serve tourists are welcome here, provided that they spend lots of money and don't criticize china's communist government. you can see them everywhere. the some of the older residents sell beetle, not on the sidewalk as they have for years. and lots of s

quote, take over the capitol as their headline stated on this isn't the 1st time that they vis. reportings been called into question. only recently, a bank tracked on claims. a trump supporter had killed a capital police officer with a fire extinguisher. the paper relied on anonymous sources to support that false allegation, and he didn't stop the democrat seizing information during trumps impeachment trial . run. leslie again, claims that the media outlet deliberately attacks, conservative voices at the end of the day, the truth will prevail and the truth is your time lied and depicted me as something as i'm not. i'm a journalist. i was there in a professional capacity in the f. b, i has agreed with that and has not charged me with anything. but the fake news media doesn't care about that. i'm a conservative journalist, so they want to attack me and bring me down and discredit me. through lies and deception, there's always a chance that it was just some idiot who put that in there and didn't do their job . and there's a lot of lazy people in journalism nowadays. there's always that chance, but i highly doubt that this was lazy journalis

on and did you have to figure out and put your own time into that? who did you depend on to help you in that process? >> it turned out the bank had about as difficult of a time. they were trying to navigate the rules for them, from the lender perspective and so honestly, it was such a large bank that i didn't get a love of handholding through that process. i'm glad to hear that. [inaudible] a bipartisan exchange program there was a small business development about an hour and a way. [inaudible] >> i have heard of that group several years ago but i haven't personally worked with them. >> anything through that program for the small manufacturers? >> no, nothing with the usda. >> at the beginning of the pandemic too help them. we can visit you and see there's something different here and try to make something good out of a bad situation. to have the ability to make a change and survive. that is at the heart of the program and also have you used a keprogram like that [inaudible] i would certainly say we don't have all of the capacity we need. i am constantly looking for input sources of information to improve my business operatio

time. she's one of the sperm banks. biggest critics. so good, didn't you? yeah, we were out have long before dna testing, wendy, and i don't concede, son, ryan started a website. it was called a donor sibling registry. the s our parents only know the anonymous donor by a number on the d. s. r site spring can use that number to find other children from the donor with the same number. their siblings and thousands of donors also sign on to match their offspring has are tim the donor and l. a. found is these numbers are updated every night. this is how many people we've matched. 17926. so we will hit 18000 in february. and then 67188 people on the dsr. so that's parents don't or can see people children that parents have posted and donors and donors and firm donors. sometimes the donors find the dispersion, banks have lied. can you imagine you're this guy? and you go, you know, i think the right thing to do would be to make myself available to those 10 kids i was told i might have out there. yeah. and you come to the d. s. r and i know this because i hear from d

on al jazeera. stay away from thailand toxic rekindled official for people to stay clear of the area near bank. i i, it's time for the journey the winter sponsored by cut on airways. hello there, let scott in east asia and there's more wet weather on the way for japan. if we follow those pulses of rain being pumped along, the may you front, we can see those heavy rains on schedule for much of han sure. we can take a closer look. it's not just japan, it's also the korean peninsula. south korea being inundated with rain and we could see land slides and flash flooding here. but we are expecting more disruption on thursday as those heavy rains kick in to southern areas of hong shoe. and if we follow that system back into china, we can see its edge slightly south, and that's going to bring some storms and some showers to shanghai. but the heat and humidity continues there. it's also looking dry down in the south, but the wet weather is on the way and things are feeling relatively humid in hong kong. now, the weather is still on the cards for the south asia, up in the north east. we've seen it's being in on dated w

time. she's one of the sperm banks. biggest critics. so good to you. yeah, we were out how long before dna testing, wendy, and i don't concede, son, ryan started a website. it was called donors, sibling registry. the s our parents only know the anonymous donor by a number on the d. s. r. site springs and use that number to find other children from the donor with the same number. their siblings and thousands of donors also sign on to match their offspring. as our tim, the donor and l. a found his these numbers are updated every night. this is how many people we have matched. 17926. so we will hit 18000 in february and then 67188 people on the dsr. so that's parents don't or can see people children. the parents have posted and donors, a donors and sperm donors. sometimes the donors find that the sperm banks have lied . can you imagine you're this guy? and you go, you know, i think the right thing to do would be to make myself available to those 10 kids i was told i might have out there. yeah. and you come to the d. s. r and i know this because i hear fro

time. she's one of the sperm banks. biggest critics. so good, didn't you? yeah. we went out have long before dna testing, wendy, and her don't. a conceived son, ryan started a website. it was called donors, sibling registry. d, as our parents only know, the anonymous donor by a number on the d as r site spring, can use that number to find other children from the donor with the same number. their siblings and thousands of donors also sign on to match their offspring. that's our tim, the donor and l. a found is these numbers are updated every night. this is how many people we have matched. 17926. so we will hit 18000 in february. and then 67188 people on the dsr. so that's parents don't, can see people children, the parents are posted and donors, a donors and firm donors. sometimes the donors find that the sperm banks have lied . can you imagine you're this guy and you go, you know, i think the right thing to do would be to make myself available to those 10 kids i was told i might have out there. yeah. and you come to the d. s. r and i know this because i hear from

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 what you would like to see happen in the interest of making sure that you're s

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 what you would like to see happen in the interest of making sure that you're s

and, and there's also been a stock market rally going on with companies and technology, media and banking trading at these are record all the time. and i think, you know, at this point, but the long term impacts that are within the economy. we just can't foresee that yet. i thought it also really interesting that less than 5 percent of adults have been fully vaccinated, although they started the vaccine drive back in january. yeah, that's when you ask people and you know, look lever pretty proud of having achieved given the 5 percent. i think in the beginning it was quite unclear on and you would manage the challenge given that your distribution and indonesia and archipello who island but yeah, for sense, you know, that's 1st and now, and most of those shots have also been not the sign which i think now there are some doubt whether oh, effective it is again, some of the new variance variance in particular. so there's still quite a bit of concern about addresses that so they get their act together. nadine flashed on for us there in jakarta, indonesia now quick look at some other business stories, making headlines. no deal to boos

on the select committee for the january 6 investigation, jim banks and jim jordan. the republican leader pulling all five republicans from the panel. the one remaining republican is liz cheney. the headline from the washington times this morning, pelosi: trump obsessed republicans will derail the january 6 to probe. a tweet here from politico, speaker pelosi is weighing new ways to beef up the bipartisan credibility of the january 6 pro after mccarthy and republicans walked out on it. she is considering adding adam kinzinger and hiring the republican as an outside advisor. here's what she had to say yesterday. speaker pelosi: the select committee is bipartisan and it has a quorum. it will do the job it is out to do. that is to investigate the causes of what happened on january 6. to find out who paid for it, who message to get those people here for the assault on the capital. over 100 people or injured, some died. i will never forget the trauma it caused not only for our members but our staff and people who work in the capitol. some of you were here that day as well. you can attest to the fact that it was not all love, hugs, and kisses. as you know, the committee is bipartisan. staff is being hired to do the job.

on bloomberg radio at 9:00 a.m. u.k. time. looking forward to speaking further with him. coming up on this program, u.s. bankeezed and the ecb urges caution on lenders. what does that mean for earnings season? we will see what the u.s. bank'' messaging will be. this is bloomberg. ♪ is bloomberg. ♪ welcome back to the european market open. 22 minutes into our trading session which looks a little different from yesterday. the ftse is going its own way but in the other direction. up by 0.2%. yesterday, it underperformed. european equity markets under pressure. banks in the u.k. moving to the upside. individual earning stories cutting through. u.s. bank stocks are under pressure on speculation the second quarter results will not justify an ongoing bull run. jp morgan and other lenders are warning that the revenue boom is slowing. at the same time, the european is urging angst to stay cautious and could take steps to limit excessive dividends. whereas the bank of england has removed restrictions on bank payouts. let's think about all of this with bloomberg's asia finance reporter who has been casting her eye glob

that was around the time you get the banks on wall street getting together, getting around the table and thinking about the year ahead, the outlook, your year-end forecast. i remember when deutsche bank came out at 3950. we thought david kostin was a crazy man at 4400 on the s&p 500 . we are at 4400 now going into tuesday. tom: it does go back to the reaffirmation of earnings. when you suggested apple, microsoft, alphabet, google, the rest of them really matter to the empire s&p 500? -- would you suggest that apple, microsoft, alphabet, google, the rest of them really matter to the entire s&p 500? jonathan: i would. right now we are at 1.2954%. tom: washington almost with another stimulus in the infrastructure. mentioned that wonderful idea on labor participation. it is two americas. lisa: it is eking its way through washington, but not fast enough or some people. tom, you said you were in cash. so was everybody else. numbers coming out showing $17 trillion of deposits. this perhaps supporting all asset prices. what indication are we actually getting at this point from markets? tom:

one of the time. see this not door by fund, the social values. i think many goes against italy's footballing league football rebels on algae 0 with bank energy and say to every part of our universe or small to continue the change all around the shape by technology and human ingenuity. we can make it work for you and your business works out there english since it's launch, as a principal presenter and as a correspondence with any breaking the story you want to hear from those people who would normally not get that for the international news channel. one moment i'll be very proud of when we covered the napoleon wake of 2015, a terrible natural disaster. and a story that needed to be told from the hall of the affected area to be that the tell the people story was very important at the time. ah challenges there with me. so rahman and reminder of our top news stories. the 2nd phase of filling the controversial gundy therapy and renee seldom is complete. the issue has res, tensions with its neighbors. egypt answered on want a binding delay, the filling and the dunn's operations conference. so he has more from the philippines capital, the minister doct

the the me bank watching out is there a time to recap on headlines now? typhoon in fall is hitting heavily populated regions of east in china. it comes days after flooding for the 1000000 people from their home and killed at least $58.00. thousands of people have been moved to emergency shelter. afghans of ended the 1st night of occur. few all the 3 of the countries 30 core problems is will be subject to new restrictions. the army is trying to hold to taliban advance, which has been the group make launch territorial gain. turkey says 2 of its soldiers have been killed and 2 others wounded in northern syria. that vehicle was attacked in the barrier. the defense ministry says turkish forces immediately 5 by russia is putting on its annual show naval strength. its displaying is date of the art war, ship submarines, and weaponry in a parade on the never river in st. petersburg and the gulf of finland. president vladimir putin is that the event navy day is a public holiday, but there are no spectators this year because of the pandemic restrictions. now dmitri

time, you know what's interesting in the receipt and other parts of the world too. and there's also been a stock market rally going on with companies and technology, media and banking trading at these record all the time. and i think, you know, at this point what the long term effects of that are within the economy. we just can't foresee that yet. i thought it also really interesting that less than 5 percent of adults have been fully vaccinated, although they started the vaccine drive back in january. yeah, that's when you have to go underneath, you know, last lever. proud of having that you've given the 5 percent. i think in the beginning it was quite unclear. honda, you know, would manage the challenge given that your distribution and indonesia archipello gall island. but yeah, for sense, you know, that's 1st and now, and most of those have also been not the sign of friends which i think now there are some doubt whether effective it is again, some of the new variance variance in particular. so there's still a concern about addresses that so they get their act together in the d 5. not for us there in jakarta, indonesia cove. it is accelerating a phenomenon in the m

on, are locked in a legal dispute over the estate. meanwhile, the bank overseeing the estate called in troy carter, one-time lady gaga manager and spotify. >> troy carter: the prince vault is this legendary thing. so, my first visit to paisley, of course the first place that i wanted to go was to-- to see the vault. it's literally a vault. ( laughs ) it's a room full of shelves, floor to ceiling, with tapes. you have recorded music. a video archive. then you have a written archive. you know, just looking at the penmanship, the drawings that he would do. >> carter: you know, "little red corvette," there's a picture of a little red corvette in the lyrics. i have-- literally have chills on my arm right now, because i remember the first time seeing the lyrics. >> ♪ little red corvette ♪ >> wertheim: do you have favorite songs that are down there? >> shelby j.: wow. "same page but a different book so much more in common if we only look." yeah. >> wertheim: on the rare occasions he mentioned it at all, prince downplayed the music he didn't release. ere he is in 2014. >> arsenio hall: is there a huge vault of material? >> prince: i don't go ba

banks around the world. only one central bank on the world is actually taking it on board and proactively dealing with the issue. we'll get to that mom and oh i this is the 2021 half time report. i'm holland cook with talkers magazine publisher, michael harrison. last 4th of july. many of us went without the fireworks and the parades and the get togethers because we were fearful of the virus. and with many out of work who could afford more than a stay cation, what a difference a year makes. even with that polling data, we talked about demonstrating widespread optimism as the american come back on folds. the tone on conservative cable news and talk radio is relentlessly negative . michael, are angry talkers, banking on nuff sore heads, patronizing advertisers that this narrative is still a business or are they simply zealots who might be oblivious to widespread optimism? well, i don't think either side has a monopoly, an optimism. so i don't agree with you there holland, my perspective is sort of a non partisan view of the media and i see both sides choosing the other a being negative, the conservative house, see the liberal, the house as being anti american progress, c

united states, now you've got the top dogs to get free money from the central bank and they bid up prices on their assets to all time lies. and then you have now permanent underclass of wage slaves that are, you know, scrounging for ham sandwich, who are part of the poor that's growing quite rapidly in a lot of countries including the u. s. so that's the has to be taken in context in money terms. if you look at the big coin world and big coin, well, it's a completely different picture. but in terms of money, this is what this characteristic of a dictatorship and i'll talk or see whether it's saudi arabia or the united states . so thing, as we've talked about before turning, we talked about this, this sort of cycles outside of the control of the command, the control central bank. so you have generational cycle that can't be stopped even, even though their entire wealth has already been spent by a debt, right? that's just pulling forward all consumption for the past. 50 years is coming due, the generation is arriving generation z is here and they're here to say, we're not going to stick with this program, right. on th

time. as coven 19th delta, very, and swamp asia in a both way. tony chang, else's era bank. now a social media campaign in malaysia, encouraging people have fallen on hard times to hang a white flag outside their homes. that's to ensure they receive community help with food and paying rent. as a cobit 19 lockdown continues indefinitely, but us launch let me report to the capital. the campaign has taken another turn with people. director miranda. what's the government? traditionally a symbol of surrender. but in malaysia, a white flag has come to signify a cry for help. the campaign started on social media after stories emerged of people experiencing hardship because of the genuine lockdown. police recorded nearly 473 sites in the 1st 5 months of this year, compared to an average of 620. in the past 2 years, michael adams tang worked in a hotel until he lost his job last year. he then started delivering food, but it's finding it increasingly difficult to make a living. so ma'am, indic that lockdown, not only are there few jobs, but foot orders have also reduce. so my income has gone down. we don't make enough to pay rent. we only have enough to eat

time. >> on june 17 banks says stacy was making a delivery in downtown walnut creek. >> when he was involveda road rage incident. >> that ended with gunfire or individuals who have no value on live. don't care about life. obviously to do something so heinous and so. >> tragic as this. he matter the contra costa county district attorney's office says 18 year-old dylan baker of martinez opened fire killing stacy. >> he has been charged with 2 felonies murder and shooting at an occupied motor vehicle. 22 year-old jason of martinez and a 17 year-old boy were also taken into custody. but later released as of now baker is the only person who has been charged in the case. he remains in custody in martinez. his bail set at 2 million dollars. >> kimberly banks wants justice. i understand and accept that is going to be a long and hard. >> that'll. but it's one that i'm up for and whether stacy is here or not. it's something that i would have to do being his mother and i will do take my last dealing baker is due in court in september. >> the district attorney's office says the case remains active phill

income and minority groups lost the most academic ground as schools shifted to full-time distance learning. >>> don't bank on to convince people to get vaccinated. that's the findings of a new study. researchers at boston university looked at the vaccination rates in ohio before and after the state started using its lottery system. then they used cdc data to compare the rates to other states that didn't use lottery incentive programs. the conclusion -- the lottery program did not lead to more vaccinations. the study's authors say they hope the findings will lead to a shift in the way states try to address vaccine hesitancy. >>> up next, how she may have been exposed to covid, next. >>> and the first day on the job for the new ceo of amazon. why jeff bezos chose this day to let go of the reins. oh, i've traveled all over the country. talking about saving with geico. but that's the important bit, innit? showing up, saying “hello! fancy a nice chat?” then we talk like two old friends about sticky buns and all the savings you could get by bundling your home and car insurance. but here's the real secret. eye cont

on the cool side for this time of year. bye— bye. this is bbc news with the latest headlines for viewers in the uk and around the world. making progress. america's central bankthing on our radar right now. we have a deal. the us senate votes to move forward with president biden's trillion—dollar plan to renew america's infrastructure. soaring screen time. facebook revenuejumps as we spend more of our life and money, online. but could the boom soon be over? plus — trading up. online broker robinhood makes its stock market debut with a valuation of more than $30 billion.