barclays u.k.ad a great quarter, positive jobs, positive earnings some 2 billion town -- pounds pretax. equity in barclays was over 18%. this was also the third quarter in a row barclays as a group generated a double-digit return on tangible equity. annemarie: jes staley earlier. he did say he expects more volatility in the fourth quarter. anna: let's get to joe on tesla. joe: talks between blackrock and tesla to acquire a minority stake have cooled. it is unclear whether talks will resume, but it is negative the talks aren't going forward. blackrock declined to do comment -- to comment, but it should be taken as a negative this morning for shares. anna: another banking stock to focus on this morning. >> the ceo's comments said it all. he is not satisfied with revenue in the third quarter and most of that is because of weak income from trading in the period. however, the bank has put a lot of focus on trimming costs. they are slightly ahead of plans and cutting about 6000 jobs as it goes down the p

it is the third quarter that barclays generated a double-digit return. >> revenue at barclays investmenteent spring, he pressured by an activist investor. deutsche bank is scaling back its business more than expected. germany's largest lender reported the lowest third-quarter revenue since 2019 and lowered their outlook. cost cuts may help deutsche bank postage first profit in four years. atwill talk with the ceo 6:30 on "bloomberg surveillanc " ." global news 24 hours a day on air and on tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. i am -- this is bloomberg. tom: thank you. equities, bonds, currencies, commodities. s&p futures negative. oil south. west texas $66.45. yesterday, euro near 113. francine. francine: asian stocks down. u.s. stock futures decline. -- the pound weakening on brexit worries. european bonds following treasuries higher. europe falling-- after manufacturing data. we will be looking for the crown prince of saudi arabia to speak in riyadh. we will hear from the governor of the

what do you make of barclays' call of concern for investors about the midterms?

solutions at barclays joins us now, following the barclays hedge fund symposium, the annual capital solutionsht event. main message coming from that event? >> we hosted our ninth annual hedge fund symposium, which is for the prime brokerage group that barclays. we had over 600 people in attendance, and some of the key on current market opportunities, but we also touched upon the more structural is facing,industry specifically relating to the hedge fund industry, performance, and on average disappointing returns. with the outlook more optimistic, given we are seeing the return of volatility? in our view, there certainly is some optimism out there. the report took a look at the recent performance trends, and while the equity industry has, on average, outperformed, certainly against the msci world in's 2000, -- since 2000, particularly in the period post isolation, -- we look to the context as to what some of the driving factors were. guy: cates, good morning -- kate, good morning. one of the factors we are hearing about is that we are seeing once funds in particular rotating out of growth and m

for barclays, but let's see what he is saying.elieve this is the fifth time he has mentioned cost discipline. 2.3% as we go to the open. credit risk ise near historic lows. that is in reference to vol. we didn't quite get to that with forin getting to returns the bank, but the focus is on the top line. the cfo at deutsche bank will be joining matt miller a little later on today. 11:30 u.k. time for that conversation in regards to deutsche bank. nejra? staley told us markets are repairing for a bounce. it was a punishing session in europe for the stoxx 600 yesterday, down 1.6%, but we could see a rebound. it was a cautious move into the green in the asian session. u.s. stocks closed lower yesterday, but it looks like europe could open firmly in the cacn with ftse 100, dax and futures, up more than 1%. that's get a check on the markets in asia. juliette saly in singapore, give us an update on the wrist on move we are seeing later and the asian session. juliette: it is all thanks to the china market. .4 percent on investor optimism t

barclays u.k.reat quarter, positive jobs, earnings 2 billion pounds, so good performance there. this is the third quarter in a row that barclays as a group generated double-digit return on tangible equity, which is our goal. >> good morning. talk to us about equities trading. there were high expectations in the market. tell us how that performed. have been doing well all year on the equities trading side, from cash equities to trading of what is called flow derivatives. we arewe are launching new elecc trading platforms over the course of this year. that has had a strong impact. we have a new management team in place doing quite well. we have done well from credit to equities. we are pleased with market performance, gaining market share. thing the most important he said it's we are on track with our strategy. he came in and laid out a multiyear strategy he has been delivering on, unlike other banks. you see in the trading how well they are doing. his basic there is a strong retail base, which is in

stephen barclay ca n toggle waste was restored.uestion from labour. the committee is working with the agency and engages to make sure lessons we re and engages to make sure lessons were learnt, and informing how contract awarded the future. i have updated the house on this today as new guidelines were appointed on sunday. throughout, mr speaker, our pride he has been to ensure that measures were put in place so that the nhs can continue operating as normal. no gap in service provision has been reported, and we are working to ensure that this remains the case. jonathan ashworth. this is an as the scandal were a private contractor has failed in their responsibilities to a staggering degree. 350 tons of waste, including human body parts, and infection fluid, substances from cancer that effectively stockpiled and not serve the disposed of this is not so scandal. how on earth did we get to this? but we hear that hes were served with the tim horan in notices and to compliance notices over the la st and to compliance notices over the last

barclays down 17% year to date lloyds down 16.4%. royal bank of scotland down 20% year to date a lot of that is in today's move and this takes me to valuation rbs trades on a price to book. deutsche bank trades at 0.29 we believe the book is worth a third of what the market has it valued out rbs is at 0.65 barclays trades at 0.53. so it's sitting in the middle. my question today finally is should it have a valuation discount compared to other players. >> thanks for that detail? >> none whatsoever thanks, steve. >>> amazon and alphabet reported third quarter results that missed estimates amazon issued a lore sawer sale forecast for the fourth quarter holiday season elizabeth joins us with the hits and misses let's start with amazon what you have been looking at what caught your eye >> the bad news for amazon which is contributing to that big drop is the miss on revenue revenues came in at 56.6 billion, below expectations of 57.1 billion the company lowered its guidance on sales for the fourth quarter. that's an important quarter for a

giants rookie running back, barclay who tweeted, you never disappoint. the star running back hopes to put wusashington in their feelis saying it's obsolete. week eight of the season, everyone feeling tight, even loose.oach jay gruden getting amazed he can touch his toes. i cannot. the defense let loose this season, run defse is second best in the league and yet to allow a 100 yard rusher, but that could be tested sunday. here's more on that matchup. >> reporter: another anweek, her top running back, the red skins need to slow down on the heels of holding dallas's elliot to be second lowest

will hobbs, investment strategy at barclays, stays with us. can watch the show using tv as well as a video stream. you can follow all of our charts and functions. you can message a strictly or ask the guests. we have will hobbs with us with -- with us for the hour. manus: get your questions in. hairy trades included. one man that has an opinion on banks is this gentleman. he joins nejra and myself for the first interview of the day. this is bloomberg. ♪ nejra: today, the number of banks deemed too big to fail will grow from seven to eight. the new arrival is no day of bank, which is moved to helsinki. the move was driven by regulatory consideration and a wish to be inside the european banking union. joining us on the phone from helsinki is the ceo of nordea bank. great to have you with us. thank you for joining us. your desire to be inside the banking union. dennis banks expressed concern about joining the banking union, in part because they are having worries about having to salvage europe's struggling banks. why does that not worry you?

barclays bank have posted a surge in profits.ions picked up speed. the bank had a bumpy first half of the year, which saw barclays' profits hit by legal costs and settlements. all the numbers on mortgage lending are down according to the trade body uk finance. these are september figures compared witha year ago. the number of mortgages approved by the main high street banks, 9% lower. approvals for house purchase 10 per cent down, remortgage approvals —7.4% down. but other numbers also from uk finance show we're borrowing more but not on mortgages, a lot of it on credit cards. again these figures compare this september with last september. outstanding credit card debt is up 5.7%. actual spending on credit cards — 3.4% higher. personal borrowing through loans and overdrafts, up 2.3%. and in other news: more than 16,000 customers have deserted the tsb in the wake of an it meltdown earlier this year. as many as 1.9 million people were left unable to access their own money in april, after the bank tried to introduce a new computer sy

>> i think barclays is working out. the balance sheet is also very good, which is what i care about. on the credit side, they are reviving the ib. they made a bet on reviving that investment bank. there are signs in this earnings report that it is working. the daily moves of bank stocks today are dominated by neighborhood type of issues, in the case of uk banks, brek new news, and with the eurozone banks it's about italy the earnings per se are not going to have much of a weight in terms of the shortened direction of stocks or credit spreads. it's about those broader macro stories that are impacting the sector the sector is a very good proxy for expressing a bearish view on eurozone stablilitstability. >> jeff staley mentioned brexit was a concern that the bank had to shrug off or get past is that a conveni reason peoplen point to poor performance or are we seeing meaningful impact on these banks in the uk and from outside the uk with what may or may not happen with brexit >> i think there's a cloud of uncertainty aroun

barclays enjoining fit -- enjoying fixed income.che bank's cost-cutting campaign bearing talk of mergers. steve joins us from frankfurt. he is bloomberg's european bank -- what was it the markets did not like? is it that the market is unconvinced about the talk of growth or it doesn't like the numbers being spat out at this point? current performance? think deutsche bank reported weak revenue canada downgraded full-year. didn't say when to expect revenue growth to occur. promises fromard deutsche bank so many times, it is not becoming any clearer when this will actually materialize. isertainty about the outlook what would have been settling investors today. banke: can deutsche survive on its own or does it have to find a source of improvement? >> it is a good question many people are asking. deutsche bank would say yes, of course. team to make sure deutsche bank can survive on its own. if a merger with any other bank would take place, they would want to be a merger from a position of strength in that it position of week this. if rev

ge is higher on the sixth straight session as the company receives an upgrade from barclays.e is taylor riggs. the new ceo obviously getting off to a quick start. yes, and investors seem to be happy for a sixth straight day. it is its longest streak for 20 months. we're looking at the best start going back nine years, so you can see over here on the right screen up about 19%. we have not seen that in a very long time. i want to get to some of the analyst reaction you are referring to. i am focusing on if you come and stay with me at our gtv go terminal, barclay';s has upgradd this to a price target of about 15. so the shares look undervalued as you can see relative to where some of the streak has been placed. you have researchers saying they are on their way to becoming a $20 stock, so these are time of the -- some of the two street analysts talking about it. about seeinging $.75 per earning share for 2018, not on an adjusted basis but given earnings. that would be significant for them. disposal,ve seen this this $1 billion disposal of overall energy and power assets. presumi

. >> a councilmember co-authored the bill with barclays mayor. >> it doesn't look good. i think we all know that we cannot letter streets be completely i managed. >> she says the ordinance is part of a larger comprehensive plan to house barclays roughly 1000 homeless residents. include storage lockers from the homeless and long and short- term plans for temporary and permanent housing. >> our focus is to get people are house. back at a city council meeting tuesday, some people accused the counsel of criminalizing the homeless instead of helping them. >> let's not further marginalize our homeless neighbors. >> by associating homelessness with criminality it is fundamentally wrong. >> we are not bothering anybody. >> reporter: the ordinance could become official as early as october 30. that is when it will go below -- before the berkeley council. >> i know in that area there is a lot of storefronts to businesses. one of the business owner saying? are they in favor of it? >> reporter: a lot of business owners are in favor of it. they are the ones who have been heavily impac

barclays bank have posted a surge in profits as the lender's investment banking and retail divisionsby litigation costs and settlements. mortgage lending fell in september compared to last year. that's according to trade body uk finance. it said gross mortgage lending across the residential market was £21.5 billion,na1.2% fall, while the number of mortgages approved by the main high street banks in september was 9.1% lower, while approvals for house purchase were 10.1% lower. outstanding credit card borrowing has grown by 5.7% in the last year. there was £10 billion of credit card spending in september, which was 3.4% higher than september 2017. meanwhile personal borrowing through loans and overdrafts grew by 2.3% in the year to september, the trade body said. good morning, welcome to the business news today. various financial results from banks this morning. profits at barclays surged between july and september as the lender's investment banking and retail divisions picked up speed. and metro bank has reported pre—tax profits of £39.2 million — triple the numbers achieved in the sa

economy is a teen from barclays -- a team from barclays in a few moments.m hundreds is still heading towards the united states despite a warning from president trump. the president is threatening to cut aid to honduras, guatemala, and el salvador if they allow migrants to travel in the countries with the intent of entering the united states illegally. clegg clegg to nick run global lobbying efforts when governments around the world are debating how to regulate the social network. he was at the heart of the british government as leader of the liberal democrats. global news 24 hours a day on air and on twitter powered by more than 2700 journalists and analysts in over 120 countries. i am mark crumpton. this is bloomberg. david: thanks so much. president trump came to office promising to shakeup trade relationships. threatened terrace on automobiles from europe. we welcome a team from barclays who have done earl reports on where we stand on trade and what it could mean for the u.s. economy. reports.ng there is a big one on china. a big one on europe. let's tal

this is the third quarter in a row that barclays generated a double-digit return on tangible equity. >> good morning. talk to us about equities trading. tell us how that performed. well onve been doing the equities training side -- trading side. flow derivatives. platformsnching new over the course of this year. that has had a strong impact. we have a new management in place. we have done well from credit to equities. quite some margin in the third quarter. go to the the you, does this strengthen your hand ofhing back in terms delivering better returns? you expect that with these numbers? we obviously look at the proper ability of the overall group. we generate 11% return on capital. a 12% return in the second quarter. that, it has been across businesses. kr consumer business in the u has done well. our consumer business in the u.s. has done well. corporate business has done well. , business and investment banking, equities, etc. has generated double-digit return over the last nine months. that is what you want to do. diversification of our models. >> bramson is supposed to be updati

one would have hoped that barclay's bad headlines were far behind it.ans they might not afford them and that is according to an internal report telegraph as saying. this is as reckon this —— recently as 2016, this is after the ppi settlements. this is for cars and furniture and home improvement. all the things we are buying frau homes all the time. what does that mean for us as consumers? does it mean that as with ppi we can claim it back? there is compensation being paid already, after the billions of pounds at ba rclays had after the billions of pounds at barclays had to set aside for ppi settlements, i should think they are feeling this quite keenly. the daily telegraph consumer affairs editor says that she can reveal that the financial conduct authority has ordered the bank to change its practices and the bank has agreed to compensate mis—selling victims as pa rt compensate mis—selling victims as part of a major review. we had the international monetary fund this week warning that we are on the risk of another financial crash. it was ringed to car l

the great thing about this barclays report is don't wed yourself to flannery's plan. i think mr.lannery got shortchange here he can do whatever the heck he wants and that's why the stocks are been going up. >> you mentioned the reporting and the note talks about that and the dividend says 75%. >> i think it will be full >> a little downside risk if they cut it in full. that's his number one piece of advice which it is going to allow him to increase the price tarpgget. >> we are spinners i don't have any problems with the spinners of the philadelphia base this is not about spinning what this is really about will is to say we are not going to throw good money after bad which was unfortunately flannery's plan he's making his move and his move is to put good money in good investment and not good money towards bad. so i think people have to start waking up to the fact that spin zone, remember the spin zone >> he has done online shows now. >> good luck to him. never watched it in terms of culp, already the stock is up 10% also in the last week >> i know. >> it is going to be paid out a

huge tournament this weekend in the barclays center at brooklyn.'ll talk to the guys that ran it. stuart: it is idiotic to put a shot clock on the fbi. i will talk to a former fbi assistant director. my question, why are we still listening to james comey? >>> in less than an hour the president hold as news conference in the rose garden, all about trade. we'll take you there. second hour of "varney & company." it is rolling on big time. ♪ the stuart: tesla stock at 308. this is a 16% increase. elon musk settled his fraud charges with the sec. essentially the man got a slap on the wrist. come on back keith fisk. we held you over the break. this is as close to a win-win for tesla, as you can get but you still won't touch the stock, will you? >> no, absolutely not. they have a billion dollars in debt. they have a high conversion price and they have a ceo who is still out of control. the real thing that stinks about this, for investors, they settle, there is no disclosure, no depositions, the public never sees what is going on behind the door. i think t

joining us now is clare francis, director of savings & investments at barclays. is an increasing problem and one thing we want to create about his is a culture where people feel that they have an open culture that they can —— we can protect their well—being at work and offer them support if they encounter a poor mental health period. getting the banking industry and the law industry are often associated with stressful jobs, long industry are often associated with stressfuljobs, long working hours, so we are trying to change that culture so that colleagues feel that they are empowered to have that right full time between the work life balance. a lot of it i think has been exacerbated by technology, technology is amazing in terms that it enables us to work flexibly but equally it can mean you don't switch off and we don't want people to feel the pressure to have to respond to e—mails in the evenings and weekends, and if they are on holiday they shouldn't have to feel that they shouldn't have to feel that they are checking e—mails. it is things like that we want cha

. >> raising conversations from newly listed names >> is that the barclays? from 2.0. >> let's join that morgan stanley says the number is going to be below 3% consensus. >> there is only one that'll work today we work it adam n ad adam newman -- >> he's an interesting guy >> what kind of market are we in when soft bank chooses to put $15 million into >> exactly >> there are talks to buy what would be a majority. i am not sure where we'll be valuing. we all know by far is the largest out there of its kind. it dwarves all the money co combining, coming into venture capital. >> i don't doubt the journal story. >> he wants to be the amazon of real estate. >> it is just a real estate company and spending enormous amount of money buying leases. >> you just pointed it out > >> he says that that's when people were saying jeff bezos is just a book seller >> it is quite compelling. >> i think barra would have a different view >> speaking of real estate, sears holdings, these reports, they hire m-3 to structure, 125 years in business. eddie lambert, is he running out o

fxish pepper, head of strategy at barclays in singapore. yvonne: let's get the first word news with paul allen in sydney. trump has stoked a battle with the fed saying he thinks policymakers have "gone crazy." he repeated his view the pace of rate hikes is too fast saying jay powell and his team are too tight. u.s. stocknesday's selloff was a correction we've been waiting a long time. the president has criticized the fed saying he is a low rate kind of person. >> i think the fed is making a mistake. they are too tight. i think the fed has gone crazy. that is a lot of safety, and it is and gives you a lot of margin, but i think the fed has gone crazy. paul: steve bannon has told bloomberg next month's midterms will effectively be a referendum on the administration, but he thinks the republicans still have a shot at a house majority. he also said china's huge debt threatens problems at home and abroad. >> what we know is china is just another financial scam. in rmb, they cut up the printing press and nobody took a look at it so now we are hea

. ♪ >> barclays u.k.a great quarter. >> this is a historic moment .verybody wants to be a part of manus: let's show you what is coming through. tragic data from china, ugly. don't get carried away. on thethe worst routs s&p 500. the shanghai composite up. are the authorities going to do more to assist? stopping the rot. three-month to one-year bills. how is your dollar looking? nejra: i am looking at the rupee. getting hit today. investors see that widening out. worst performing currency against the dollar in this russian. treasuries, 10 year yield up a bit. butight see brent higher heading for a monthly loss, the biggest since 2016. let's get the number business flash with their from owl in hong kong. charter says they are benefiting from growth in asia and bringing costs under control. actually dropped by 1%. despite global trade tensions, isndard charter says it cautiously optimistic on global growth. facebook gained hanley trading iser mark zuckerberg said he betting on video, not the famous newsfeed.

and maybe in the future, i will be able to put in the starting 11 in the same time barclay anna loftus—cheekod night for spanish clubs. real betis won 2—1 at milan. they're now a point ahead of the former champions. villarreal thrashed rapid vienna 5—0 in group g — they're level on points with the leaders rangers, who were held to a goalless draw by spartak moscow, while sevilla — who've won the trophy a record five times — hammered turkish side akhisarspor 6—0. it was good night too for arsenal. danny welbeck scored the only goal of the game as they won at sporting lisbon in group e. that's now 11 wins in a row in all competitions for unai emery‘s side. we want to continue winning and we wa nt we want to continue winning and we want also to continue improving things. each match for us is a big opportunity for every player to show us opportunity for every player to show us and to take responsibility and the personality and play like we want. and we need 11 players. in this composition, we want to do something important. uefa have threatened to stage a walk out at the fifa council meeting in

but it has a lot of barclays to avoid if they pay out -- state bail out during the crisis.t is your latest bloomberg business flash. now the markets. selloff in progress. we will see if that continues throughout this friday's session. and right now the nasdaq composite is the worst performing, down 2.5%. and on a day that shares are getting hit hard, there are some bright spots, one of them is expedia. we will speak to the ceo, next. this is bloomberg. ♪ vonnie: from new york i'm vonnie , quinn. this is "bloomberg markets." european markets oversaw is selloff today. the stoxx 600 down 1.5% -- down 1.4%, reflecting selloffs across the continent. the german ten-year yield at 35 basis points, we saw it down five basis points as a rally in german bonds led a rally in european bonds. pushing back expectations for the first increase in 22020. that guy reflected in trading of on euro, currently unchanged this particular session. and we will go to the stalemate on brexit. that has not helped the british pound, trading versus the dollar at 1.2811. and now first word news. trump hase

. >>>> la agenda de esta noche en barclay, se recomienda aprobar esta medida.robahasta e noviembre.n la ciudad de auckland se va llevar esta ocasión por una ordenanza igual. vivo desde auckland, hernández, noticiero telemundo. >>>> estaremos pendiente de todo lo que pasa muchas gracias marisa por esa información. >>>> 232 arrestadas luego de violar las leyes de migración, algunas de estas detenciones se hicieron en el área de la bahía, los arrestados, algunos fueron ingresados nuevamente de manera indocumentada, algunos son delitos graves y violentos como asaltos y delitos sexuales contra menores y otros. algunos detenidos >>>> algunos residentes del >>>> incluyendo el napa y serna se suspendieron los suministros eléctricos debido a los vientos, y a los riesgos de incendios, los representantes de la prensa indican que se tomó esta decisión para asegurar la seguridad de la comunidad. >> la plataforma se disculpó y promulgo en su cuenta de twitter que está trabajando. >>>> esta caída se prestó en dispositivos móviles, computadores, telefonía. >>>> la pregunta que muchos se hace, es qu

barclays sticking with the price target on the stock. stock is up nearly 2%.barclays. >>> also today, ford unveiling a massive reorganization that will include cutting salaried jobs. this all comes as part of a bigger plan to stlalash costs paul, i've got no smart questions for you other than what's wrong with ford what's going on in dearborn >> this is a company that has more questions than answers. the biggest question about this program is jim hackett has been the ceo for 17 or 18 months. why did it take this long to get started on something like this if it was so necessary why wasn't this done earlier people have been -- wall street analysts have been viewing ford as slow and indecisive this kind of reinforces that especially because this program was just announced on friday the actual cuts are not going to be implemented until the second quarter of 2019 which is six more months. by the way, you know, during that time if you're one of the more talented marketable ford employees, you're probably going to be starting -- you'll at least consider looking elsew

what do you make of barclays' call of concern for investors about the midterms?my is very strong and the reason for that is we've had regulations have been pulled back, taxes have been cut. i think wall street would be a little bit upset if there's a massive change in terms of democratic leadership. what would happen in that instance is there might be undoing of the legislation that's gone through that's helped to stimulate the economy. we had 4.2% gdp growth in the prior quarter. we'll probably be 3% growth plus through the remainder of the year and somewhere close to that as we head into 2019. so overall, i think that that would cause some upset in the market can. cheryl: for a tsunami. morgan stanley said there would be limited ramifications for investors if it was just the house that went blue which seems a more likely scenario. we've got two weeks to go. markets are politically sensitive, whether it was brexit, whether it was the 2016 election, which of course took many by surprise. that was a good thing for th the markets. the federal budget deficit continu

barclays bank have posted a surge in profits.' profits hit by legal costs and settlements. all the numbers on mortgage lending are down according to the trade body uk finance. these are september figures compared with a year ago. the number of mortgages approved by the main high street banks — 9% lower. approvals for house purchase 10% down, remortgage approvals —7.a% down. but other numbers also from uk finance show we're borrowing more but not on mortgages — a lot of it on credit cards. again these figures compare this september with last september. 0utstanding credit card debt is up 5.7%. actual spending on credit cards — 3.a% higher. personal borrowing through loans and overdrafts, up 2.3%. so, no love lost at the moment between the white house and the fed? this has been going for a while, this. president trump has been talking about how he doesn't get on well with jerome powell. a little suspicious look to there. it isn't exactly a marriage made in heaven. he says, every time america does something good, they raise interest

. >> at barclay's, yeah. >> jimmy: at barclay's center. new year's eve?o go. >> jimmy: yeah, okay, good. yeah. it sounds new year's eve-ish to me. >> yeah, it's that time of the season. >> jimmy: yeah. let's talk about posty fest. >> yes, sir.you end up getting feal >> just pay a lot of money. [ laughter ] >> jimmy: yeah. i mean this is going to be -- this is you. you have travis scott, tyler, the creator. >> yeah. >> jimmy: do you know what you're doing at all? >> it's going to be an absolute [ bleep ] show. [ light laughter ] >> jimmy: i mean, how exciting. october 28th. >> i'm ready to go. >> jimmy: it's in dallas, texas? >> yes, sir. >> jimmy: and is it an outdoor festival? >> i think so. [ laughter ] >> jimmy: i mean, you're just going to find out when you get there? >> yeah, we'll find out when we get there. [ laughter ] >> jimmy: i just love you, man. i've got to say, after having all these number one albums, and you're just -- being such an interesting person, great musician, i heard that you celebrate every milestone at the olive garden. >> oh, y

giants rookie running back, barclay who tweeted, you never disappoint. the star running back hopes to put wusashington in their feelis saying it's obsolete. week eight of the season, everyone feeling tight, even loose.oach jay gruden getting amazed he can touch his toes. i cannot. the defense let loose this season, run defse is second best in the league and yet to allow a 100 yard rusher, but that could be tested sunday. here's more on that matchup. >> reporter: another anweek, her top running back, the red skins need to slow down on the heels of holding dallas's elliot to be second lowest rushing yard of his career. they are going to try to do it again against the giants's rookie, barclay, a guy some redskin hall of famers are impressed by. >> just look through a different lens than a lot of other people ande's the guy that, you know, that stands out a lite more than what i have seen in the past three years. >> i think he's, what he's done out there isretty much say he could go down as one of the bester players to ever touch the football, so, you know,

we will be speaking, barclays ceo and deutsche bank cfo.from ubs. -- a lot on from ceo earnings. anna? earnings to go through in terms of underlying performance and that has been a fascinating part with regard to the wall of worry tim was talking about. donald trump said he plans to pull out of a major treaties arm with russian and he claimed they breached the latest on record. kim and one news -- he and his treasury secretary talking about the importance of their relationships. joining me is our senior reporter for international affairs. great to have you with us. mp picking a fight with russian? a very complicated relationship with putin. normally we see the congress applying sanctions and being tough on russia and trump trying to build a relationship. his security adviser bolton going to moscow and independent of congress, telling the russians we will pull out of the treaty. the russians have responded iste hard and they say it outrageous they should pull out of the treaty and gorbachev who signed it with ronald reagan. dull face of it,

barclays initiating with a very positive view. one top pick, barclays is giving that stock an overweight rating. stocks are on the move today stephanie link >> i've owned it for a long time it's up 23% year on year and it's trading there's a lot of synergy that will take hold i put the money into zimmer. >> what do you make of that call >> i agree it will take time to turn it around but they said this about baxter three years ago and it has been a slow grind higher this new management team has a lot of optionality and i think they'll make asset sales, will face the business. they're in the process the ceo is very well regarded. i find more value in zimmer. i'm not saying i don't like abbott i think it's run its course. >> interesting, though, they go overweight on abbott you got out. don't love it. you go in. >> you buy high, you buy higher. >> that certainly has worked in this market. >> and i believe -- i think abbott labs is the place to be it was one of the five names and has been a strong performer. i like the pediatric nutri

looks like wall street is changing the tune on ge, the latest analyst to jump on the bandwagon, barclay'sst julian mitchell made his report earlier today. >> i think that a dividend cut has been largely factored in by institutional investors so i think if you saw a clearing of the decks on the dividend we get a clearer path from a new ceo on the higher financial flexibility. what that dividend cash will be used for instead which is likely a very aggressive power restructuring. i think people like that message because they'll understand then why the earnings and free cash looking out two years should see a very sharp increase. >> this as ge has made an electric comeback, soaring 20% in october giving us a glimpse of the glory days as you hear from the old commercial song, it was a shini shining light in the market. >> that's a great tune reminds me of better days. look for the company -- look mr. culp comes in, they think he can carry it out at ge, can he do that, no will he increase revenue over the next couple of years because the energy business is on an upswing, yes valuation wise if y

barclays, down 2.5%. news int first word dubai.d trump says it would be bad if saudi arabia's crown prince new about what happened hethe missing journalist but expressed skepticism over the growing criticism of the saudi rulers, comparing into allegations against supreme court bread cabinet. -- brett kavanaugh. this guy is a wrecking ball. this guy got murdered and a consulate, and it -- to expect me to ignore it, i feel used and abused. there's a difference between a country and an individual. he can never be a world leader on the world stage. >> mitch mcconnell says the fight over brett kavanaugh's supreme court appointment has given a bigger to republican voters. that comes as the battle for control or the senate enters the last three weeks. he told bloomberg that the timing could not have been better. a cliffhanger races we have like arizona and nevada, montana, missouri, indiana, tennessee. i think it has been like a shot of adrenaline, and hopefully, we can match the democrats in enthusiasm. china's holdings of u.s. treasurie

it looks like it is aligning more with barclays then deutsche bank.e: this is the second he has tried to reset the agenda this year. he said he was a growth stock in the autumn. down 26%. 2-4% per year. 3% by 2021. targets, theme director of the financial unit saint 72% will be tough to achieve some of those cost to income targets. you will have those questions of course. nejra: i will. that interview coming later on. et's go back to scott thiel. manus: you are still with us. we have done ubs, barclays. get a to give you -- sense about credit and fixed income. how much bank fixed income do you want to take on board? at thee look available investments for investors in the bank sector in fixed income, we find value in bonds, lower in ranking in terms of seniority. particularly lower than tier two and tier one. coupon and non-coupon paying. those spreads are wide. the spread ofd, governments.r the banking sector has benefited from a number of positive developments over the last several years. the recent market volatility and what is happening in italy we

neither of those figures includes dividends and the barclay's ad, down about 2%. so you can have rates rise, you can have excellent followthrough in stocks because fundamentals are improving and then you have to deal with these periods where is it too fast and we get through them. >> josh tees up a great debate the best quarter in five years for stocks running up against the wall of rising rates and i think the jury is out. >> the jury is out as jon fortt said, we're going to keep hearing that, i believe, that statement about just off the lows >> jury is out meaning the market has already decided rates are too high >> i think the jury is out whether this rally can handle -- >> i think we would all agree. >> and i would agree get used to the phrase just off the lows i think we'll see a lot of that. i think after we get the bank earnings, judge, we'll start feeling a little different about things and then, of course -- >> you look at the bank stocks, they're not even trading up into their earnings rising rates aren't helping banks one bit. >> the xlf has been moving

that should happen by 2020. 60% targets difficulty with business, and like barclays, as you mentionedo italy and turkey as well. that is what we will be looking at today. havefo told me he did not a specific concern on brussels pressure on the italian budget, but the pressure in italy will be compensated. >> there is pressure on the top line, however that is more than compensated, and that is what we see. our bottom line in italy is increasing because of continued improvement in positive risk. manus: great work on the interview with b.n.p. paribas, and the numbers. about trump,alking and the comments from the president talking about how he wants a great deal with china. we are seeing a quick turnaround area it was a quiet session at the start. up by 1.5% here today. hong kong is still pressured. you can say it was president trump's words, and around the time of this interview, regulators in china trying to support these markets. buybackshey think m&a will support the markets. that will lift sentiment overall. is it too little too late. gains right now, although modest. the one to watc

this divergent performance, it is between the bank index which is battered and bruised versus the barclays financial bond index. where are you tempted in europe? equities, bonds? how would you touch or play banks at all in the european region? clark: i think not at all is the short answer. on valuation grounds, they are becoming more interesting. what i worry about is the interest rate situation in europe, and i wonder if the ecb will have a chance to hike rates before the next recession is on us, and that will be brutal for banks. nejra: you said credit will be the next issue to fall, and that is why you are not looking at on's in europe. we talked about the impact on europe -- on germany and angela merkel's waning influence. brexit is a big question as well. you put a position in september that brexit risk was underappreciated. is it greater now if angela merkel's influence is waning? clark: that is hard to tell. especiallyt place the ftse volatility was low, and so we thought it underpriced the chances of either a hard brexit on one hand, or potential referendum and laour government. --

not if you listened to barclays. they would say you have to reassess your bond market risk. they seek economics in the united states of america as one of the main drivers for them. they say 2.95% by the end of the year. bid.is bid -- brent is the market is trying to assess the saudi-u.s. situation. a tight market and inventory numbers today. brent up .4%. nejra: strong yen was the story last month. insaw some yen strengthened yesterday's session. the dollar, more broadly, near a two week low, strengthening against the yen. dollar-yen, up .3%. proper is selling off. it is more complicated than the risk-off.isk on, goldman says, look, the market is too negative on this. they are targeting 7000 by the end of 2019. they do not really seed festering trade being a risk. we did see the u.s. close yesterday. -- lower yesterday. we sawtek lead the client -- saw tech lead the declines. we could see a bit of a recovery in the u.s. equity market in this session. back to the yen, citi says it is the only safe haven currency. we will bring you our exclusive headview with dw's -- vw's of s

european stocks lower, barclays says it is not time to buy european banks.eir lowest level since april of 2017. dollar,k at the euro- still off a touch. yields only up by about five basis points versus the nine when i got in. the long and,y down two basis points, crude up by .3%. you will appreciate this. boris johnson speaking on the sideline of that conference. here are headlines. aop treating capitalism as boo word and no new tax increases. the words do not stop. david: he is entertaining. i do not know if he is going to have effect. he does have a way with words and with hair. alix: philip hammond made fun of his accent. i know the control room is going to have to catch up but tesla came out with their third-quarter production, over 80,000 vehicles in the third quarter. model threes in the third quarter, above estimates, over 53,000 model threes in the third quarter is in line with the view that we had seen going into that. it was over 80,000 vehicles. the question is sustainability. david: you've got to give them credit. important than the tweeting by e

detectorists or just plain looters plundered archaeological sites are a growing problem in germany million barclay is in charge of excavations for the two thousand year old roman burial ground whenever possible she and her team dig in secrecy for fear of illegal treasure hunters. then done twenty but when this all fever takes over they just keep digging and they might make off with crucial fines that would have told us the dates or enabled some other conclusion is that vick discoveries that are forever lost to science it's hard to pin a monetary figure on the damage caused by illegal treasure hunters but police estimate it's in the millions of europe's. treasure hunting with special detectors has evolved into a kind of sport many hunters wear camouflage and carry high tech equipment there after profit and adventure bug's. long it's a myth when you take up this hobby you have certain expectations and then one day you might hear that signal somewhere that could indicate something really interesting and you think this is it. every year treasure hunters in germany hold a major event a big rally for di

general electric was upgraded to over weight from equal weight at barclays. the analyst cites the new ceo's abilo lead a turn around and added that most of the bad news is already priced into the stock. >>> investors are basical saying at this price power, ,enewables, transportation, baker hugh ge, all of that collectively is zero and we harsh.hat's too >> the price target is $16 but the firm puts the stock at $20 in a so-called blue skies scenario. shares ofos ge 3% to $13.61. >>> apple's tart was priced higher to $16. the stock fell a fraction to $223.77. >>> square's pricearget was raised to 108 at goldman sachs. the analyst there cit margin expansion and revenue growth. the firm maintained the buy rating on the stock in the meantime buy but concerns overua 's credit risk sent that stock lower by about 8% today to $86.06. conagra was upgraded from buy to neutral at ubs. theyro cited the long term gwth potential following the acisition of pinnacle foods. price is $40. shares rose by 3% t $34.65. >>> still ahead, the benefits of interest rates and what they

many treasure hunters view it as a sport but not archaeologist marion barclay at the championships she tries to talk to the detectorists as they call themselves and inform them about the damage they can cause. my worst experience was when we were investigating a burial site during the night someone went through it with some kind of trident and dug up everything they call it one for me and you could see the marks it left and a lot of things were ruined this couple players helped out by her colleague pay to head of h. he often runs into detectors these days and always tells them that they need a permit and what to do if they find something legally. we have it all right it should be labeled put in a finds bag and numbered and want perfect. all these are roman coins presumably from the first century. many detectorists throw stuff like this in the scrap box here it's numbered measured and entered into the find report that's how it should be done many treasure hunters cooperate willingly with archaeologists but others resent what they see as unwarranted interference there after the adventure

barclays results the other day were pretty positive.the brexit uncertainty?m looking the healthiest it has done ina looking the healthiest it has done in a decade, it has taken a long time to get past the financial crisis and rbs was one of the biggest hit and it has shrunk a lot in the aftermath. we are starting to see light at the end of the tunnel. we saw a dividend pay for the first time ina we saw a dividend pay for the first time in a long time which investors look for. the economy is stabilising but these threats are apparent and bats for the bank is preparing for. £100 million seems like a huge amount of money. what would they set that aside for exactly? bad corporate loans, bad household loans in the aftermath of the no—deal brexit, effectively. companies that will struggle with looser trade terms and potential rises in interest rates. these are the provisions, things that could happen they want to be prepared for so they are not announcing shock results later down the road. we will leave it there. 0ne one more story, if you ar

far. —— barclays and meadowbank.ith their lives, taking out mortgages, boring, putting money in the bank and we are seeing some strong clonic results at the moment, wages growth and things like that, and it all helps but what rbs is saying is nevertheless other we have got this event in a few months where we do not know what it'll look like because they have not got an agreement and the risk that it will be quite a hard brexit is rising so they are, as i said, taking a bit of ensuring people —— insurance policy against that. there were some questions about whether they would raise dividends. we will looking at them paying one for a while last time round. they have not marked given that their bottom line is looking quite healthy, it is not out of the question in the next year or so. of the question in the next year or so. now, i thought if of the question in the next year or so. now, ithought if things of the question in the next year or so. now, i thought if things were to continue as they were, they would rate the d