j.p. morgan sells goldman sachs go along gold now it's amazing with that insider information that warren buffett has that he still underperform the market now for 15 years incredible that's the sign of a true at least to put person but you know all the insider trading. in the fed's policy saying we're going to extend the quantitative easing indefinitely as you are saying that's the worst kept secret in the history of the world because there is only one thing they can possibly do that can only print you can only you can't taper a ponzi scheme as we've often said before they can only print then they can only expand printing exponentially like any ponzi scheme you need a bigger base of the pyramid scheme has to get bigger and bigger and bigger it is showing up and prices commodity prices and we do see people now reporting back and saying hey i can't afford food i'm starving on the street and the fed saying well send us something to vomit and prove it and then they say well i'm too weak to give the post office and it's closed because of voter fraud allegations they say about the vomit we can't send

driven notion of how many angels can you dance on the head of a pin writes of this bit like goldman sachs or j.p. morgan they're like how many derivatives can we get to back to you know it's them can we derive from this nonexistent collateral right that's the same kind of mentality and the leads to a god complex obviously the people the church back in the medieval times felt that they were close to got that proved to be not so correct and also the bankers on wall street they believe they're very close to god as blankfein said he's doing god's work and that will be it will be fallacious well it certainly fictitious capital and here is another tweet along that line is will the strongest gravitational force or a version to the mean also bring down the stock market the u.s. market cap has totally decoupled from the real economy and you can definitely see in that 1st car in particular that the real economy it continues to grow like at the re of gold supplies grows every year slowly but surely no huge jumps like you see in the stock market which has torn off from all reality partly because we have our own rio

notion of how many angels can you dance on the head of a pin rights of the street like goldman sachs or j.p. morgan like how many derivatives can we get to back to you know it's done can we derive from this nonexistent collateral right that's the same kind of mentality and it leads to a god complex obviously that people the church back in the medieval times felt that they were very close to god that proved to be not so correct and also the bankers on wall street they believe they're very close to god as blankfein said he's doing god's work and that will be equally fallacious well it certainly fictitious capital and here is another tweet along that line is will the strongest gravitational force reversion to the mean also bring down the stock market the us market cap has totally decoupled from the real economy and you can definitely see in that 1st car in particular that the real economy it continues to grow like at the rate of gold supplies grows every year slowly but surely no huge jumps like you see in the stock market which has torn off from all reality partly because we have our own rio our real

i am looking for everything from walmart, lowe's, target, goldman sachs, j.p morgan, morgan stanley,ports, but a lot of the tech names, crowd strike i am staying away from tesla, if it gets to low enough i am happy to own but apple. i am looking for levels to retrench if karen's point is correct and this is margin call driven, then to me that's more of a supply-demand technical -- type of situation >> shopping list, perhaps? >> i think karen spoke to this last night the banks are trading really well the banks to me is where you want to be the banks are not the problem in this environment i think people have stayed away for good reason because there is so much good money to be made in these hot flyers, but when people come to their senses, valuation wise, the banks have secured themselves and fortified themselves to a point where they could be a safe harbor going forward so i would say the banks. >> pain wasn't all equal josh has more on this. >> let's start with the world's most valuable company. apple coming under pressure, falling about 8% about 12% off its all time high. it's stil

susan: let's look at the gold branded goldman sachs, j.p. morgansachs and morgan stanley lowering the fourth quarter gdp forecast over the past ten days and their concern over the lack of a second round of stimulus in a second wave of covid, that has been priced into the market for september and nearly a decade, i was reading the credit suisse analyst note what abiding victory might mean for the stock market, they recommend a hedge for the stockmarket january but if democrats win the white house, keep the house and maybe get the senate, all the spending will be good for value plays with the industrials of boeing, the caterpillars in rotation away from technology. stuart: you are wrong, biden wins and he takes, the market goes down in 2021, that is my honest opinion. the bell is ringing to, one, boom, 931 eastern time i don't expect that much movement out of the gate, we have opened we are down as expected just a tiny fraction up about 30 points on the dow industrial, plenty of red spread across the board, and 26 -- 2425 in the dow 30 in the red as

j.p. morgan goldman sachs and citigroup they all saw gains on friday and finally the ts x. in toronto it's also down on the week the as energy stocks actually weighed down the index with oil prices falling to early august lows the index was up on friday on lower unemployment and more jobs added in august now moving into the holiday week here in the united states we will keep an eye on the tech sector to see if that volatility will remain or if markets are going to bounce has been brought up a lot during the pandemic because we saw a lot of films that were originally destined for at the actual. release goes straight to streaming in other words crushing not the actual window but now in this world the longer theatrical window would actually work in the film's favor meaning if you're in new york in l.a. and you can't see this movie this weekend you want it to still be a 1st run movie when you get it down the road so if you have a long the actual window that movie for instance 10 it will still be playing in its 1st run to dree 4 weeks in 2 months and maybe longer and that's good

j.p. morgan goldman sachs have been all these major banks is to apply anti racketeering law that's the only way you're going to stop it unfortunately they're just going to go after ordinary people that will have to be seen to crack down they will go after somebody who's like a small business person with a $10000000.00 turnover a year though marching in front you know the frog march him in front of the. yes incarcerate him for 30405060 years and they'll say see we did something about it because they have to do something now right so if insan is embarrassed by this and no billionaire banker is going to get arrested they won't get in trouble because the holder adoption already establishes that this will jeopardize the system so the have to in order to maintain confidence from the people in the institutions will have to throw some some low level chumps that's what they used to do with the mafia before giuliani took them down remember they used to throw away a few of the foot soldiers and say see we did something somebody does time for a few years then if they don't squeal on anybody they move u

j.p. morgan goldman sachs and citi group they all saw gains on friday and finally the ts x. in toronto it's also down on the week the energy stocks actually weighed down the index with oil prices falling to early august lows the index was up on friday on lower unemployment and more jobs added in august now moving into the holiday week here in the united states we will keep an eye on the tech sector to see if that volatility will remain or if markets are going to bounce back and that is your global market walk and time now for a quick break but hang here because when we return the pain. demick has delayed several high profile movies this summer but the 1st blockbuster of the season is getting a late release this weekend we have an analyst on hand discuss the state of the film industry and as we go to break here are the numbers at the close. she stressed to make sure that the bush and the bill of the. us to. stop the show was so huge she needs to taste it she's a cia which quite a shock. to which she does. not want you. and i must get your kind of woman in the air force you. w

j.p. morgan and goldman sachs economist cut their fourth-quarter gdp forecast as a result.king at the trading activity, it is light before tonight's debate and for the bigs jobs report on friday, which would be the last jobs report before the election. energy is the worst performing group to date and this is as oil prices sink. they are now down below $40 a barrel. if you look at a longer-term chart for the year, you can say pray much it has been holding in a range and is falling below its recent support. there is supply in russia and libya when concern is growing demand will be slow to recover given that european nations are talking about increasing travel restrictions. david: i notice financials are having a tough time except for square. scarlet: square getting upgrade. it is not in the s&p 500, it is in the russell, but it is a financial payment services company a lot of people thought would suffer in the face of the pandemic but wolfe research says square is getting market share faster than before the pandemic because it's cash app, which is a banking platform, is getti

j.p. morgan and goldman sachs and the drugmaker are saying now is the time, can they force that issue and what is the fallout as they are trying to do so, jacqui deangelis following all these developments as were getting a good view of times square. >> good afternoon, the ceos are now appealing to mayor de blasio insane basically you need to improve the quality of life in new york city so our workers can come back and feel comfortable doing so. as you mentioned it's not just the coronavirus issue, it's a crime and safety issue that people are worried about as well, more than 160 major companies, ceos handed this letter to the mayor, macy's, mastercard, lowe's and blackstone as well, part of the message stated this, we need thisend a strong message that or customers, clients and visitors will come back to a safe and healthy work environment. they are asking for immediate action, there aware that there are economic challenges but new yorkers fleeing the city in businesses getting crushed is certainly not going to help the economic situation going forward, i recall that near cities they jus

j.p. morgan chase bank of america wells fargo citigroup goldman sachs and morgan stanley all jumped 2 percent or more throughout the day so let's go ahead and take a look at the state of markets with michelle snyder she is the director of trading education and research at market gauge dot com michelle thanks so much for being here i want to start with hoover the company posted a loss of $1800000000.00 the latest quarter due to the pandemic forcing people to move around last staying at home now that coupled with issues that they've had in london and in california has been a cause for concern for the company especially as they move to actually turn a profit for the 1st time but they're stuck right through did you shoot up today on this news what are your thoughts on hoover as of now. well 1st of all if i look back at it from the end of august early september it already went into what we call a bullish trannies and i recall doing some key moving averages that a lot of investors like to look at so when you have the kind of support even before all of this in the face of bad memories well it takes

j.p. morgan commissioned a study finding their employees were less productive at home. no word yet on what j.p. morgan's plans are, but for goldman sachstold that they no longer have to go in. it was that about 20% capacity, so it is likely that number will dwindle. goldman is one of the earliest and most aggressive in getting their traders back. hsbc is stopping their plans for a phase one of getting people back into the office. they will have more critical workers in the small branches open, but otherwise stay at home. aen for going up to pick up piece of equipment, employees can no longer do that unless it is an exceptional circumstance. they are also testing how they would do different events like planning meetings. hsbc has also halted -- anna: interesting to see if we see a more complex richer emerging, how much regulation might require you to be in a certain location to do your job. streets of on the london, thank you. adidas, interesting to see the stock on the move i 4.75%. 5% on the move by 4.7 also in focus, the share price up 13%. ams making a bid for the remaining shares. and the danish biotech company is down by 11.5% aft

j.p. morgan and goldman sachs and meaningful increase in the amount of consumers using digital financial applications >> in your survey and other work, zach, do you feel people want to go back to the traditional banking practices whether that's going into a branch or other areas in the long term? >> what we've seen is that consumers have fundamentally shifted the way they think about interacting with their finances. historically, many people thought they had to walk into a bank branch to do most things in their financial lives. actually, the results of the survey say 8 0e% 0% think they manage the money without a bank branch banks are core however, the way that they'll interact with the banks going forward, it will be more over the internet, more on their phone. people these days have a finance folder on the iphone or android that historically not everyone had interacted with but these days we're seeing almost every consumer in the u.s. using digital financial products >> i don't know if you saw the news today, zach, but chime managed to raise more money in another fund-raising round valued at $14.5

j.p. morgan, citi, wells fargo, bank of america and goldman sachs that just tells you they have a much smallerhese banks do and collective balance sheets. it shows what you the market prefers right now wlchlt you take that as the market playing two events in one direction or the other. this is sector by sector you can see the software based platform solutions within that industry they love that a lot more than they do traditional businesses, guys >> it really is such a stark wow. up next, we're going to look ahead to the fed tomorrow. plus, take a look at fedex surging after hours on a big earnings beat. we're going to dive into that. it's up more than 9% after hours. already -- after already rniunng 40% in the last three months we'll be right back. r mind. with fidelity wealth management, your dedicated adviser can give you straightforward advice and tailored recommendations. that's the clarity you get with fidelity wealth management. and tailored recommendations. (vo) while you may not be running an architectural firm, tending hives of honeybees, and mentoring a teenager -your life is just a

goldman sachs say their short-term buyers of equities over the next three months. let's not forget a lot of risk, like the election and coronavirus still present in the market? annmarie: j.p. morgan is not an election day, it is an election week, or potentially weeks. thank you, dani burger. let's get a quick check on the markets. u.s. equity futures are pointing to a higher start, especially nasdaq 500, europe with a bit of divergence, a little bit softer. euro-dollar trading below 1.19. and a and matt will take it away in terms of the european market open. that is up next. that is it for "bloomberg daybreak: europe." as we head to break, in my shot of new york city. 11th -- aeptember the live shot of new york city. today is september the 11th. we will be marking the anniversary. stay with us. look here, it's your very own all-in-one entertainment experience: xfinity x1. it's the easiest way to watch live tv and all your favorite streaming apps. plus, x1 also includes peacock premium at no extra cost. this baby is the total package. it streams exclusive originals, the full peacock movie library, complete collections of iconic tv shows, and more. yup, the best really did get bett

goldman sachs has become the latest bank to send traders home. employeefter one tested positive for coronavirus. despite that, they are moving forward with plans to move employers back. j.p. morganold staff it expects senior traders to be back in the office by next week. thoughts onget your bringing staff back. for statee strategy street in india. is it to bring people back? if so, which structure? what is the path? >> we have a very detailed plan we worked out with all our offices across the region. monitor the closely environment. we will make a decision on how and when to bring back people to the office. when we look at the current state, we have in germany right now 30% of the population back in the office. we have to get the others back from london where the environment does not allow us to operate. there is a desire to bring people back to the office. where we gotn really prepared from a health and safety point of view. to the stuff we have under control in our offices. aspect isllenging public transportation. with the environment allows us to do is a key element here. when we look at the productivity we see in this work from home set up, it is evident productivity is impa