on it, such an important holding for soft bank softbank has been continuing to monetize certainly assets but not their stake in alibaba. jack moss selling an awful lot of stock it's underperformed when you look at it versus j.d..com it has underperformed rather significantly. e-commerce in china the same way as that had happened here, when they shut down, that was the foremost way that people were doing business, it's been the foremost way anyhow but even more so. but there is a look at what j.d. has done during that same time period i'm mentioning it this morning -- i know. it's funny, did they take market share? it's a little higher end some of their somebody somebody will deliver you in a nice uniform your apple phone, back to apple, right to why you are home when you order it on j.d. but there could be more buying coming into baba shares, some are anticipating due to something called the hk southbound connect, that's the channel through which mainland

nvidia is in talks to buy arms from soft bank for more than $32000000000.00 if the deal goes through it would be one of the largest ever in the computer chip business the british chip designer arm power of nearly every major mobile posts are from companies like apple samsung and huawei champagne sales have lost their faith is producers say the coronavirus has cost them $2000000000.00 in sales this year restrictions across the world so the consolation of celebrations weddings and dining out all of bipolar to sales of the luxury behind. the european commission has allowed france's alstom to buy the train making division of the canadian company bombard jape the 6000000000 euro acquisition will make our system the world's 2nd largest train money 5 sure but the approval came with conditions attached. to t.g.v. cemented france's police as a pioneer of high speed rail travel. but since g.e.c. ulsterman failed the 1st t.g.v. almost 40 years ago other countries have aged ahead. trying to see or are seeing leads the rings with a turnover of nearly $21000000000.00. the relative newcomer is acti

and vidia is in talks to buy arms from soft bank for more than $32000000000.00 if the deal goes through it would be one of the largest ever in the computer chip business the british chip designer arm power is nearly every major mobile posts are from companies like apple samsung and huawei champagne sales have lost their faith is producers say that corona virus has cost them $2000000000.00 in sales this year restrictions across the world so the consolation of celebrations weddings and dining out all of vital to sales of the luxury behind. the european commission has allowed france's alstom to buy the train making division of the canadian company bombard jape the 6000000000 euro acquisition will make alstom the world's 2nd largest train money fact sure but the approval came with conditions attached. t.g.v. cemented france's police as a pioneer of high speed rail travel. but since g.e.c. also revealed the 1st t.g.v. almost 40 years ago other countries have aged ahead. trying to see or are seeing leads the rings with a turnover of nearly $21000000000.00. the relative newcomer is active in m

. >>> we've got breaking news on soft bank. frank holland has the news. >> breaking news on soft bank. they are talking about a full or partial sale according to dow jones the company is willing to do any one of those things for a company they bought for $32 billion just four years ago. this deal is being reviewed by softbank they may not do anything with arm holdings, again, a company it bought for $32 billion four years ago. a few weeks ago it sold its majority place in t-mobile shares of softbank up 40% on the year back over to you. >> frank holland of course this comes the day adi announces the deal with maxim, guy, so news on the chip front good time to sell a chip unit? >> you know, it's interesting. this is how my mind works. i'm sure a lot of people are saying it doesn't work, but it does i'll tell you how. if softbank is getting rid of asseting, they sold t-mobile, what does that tell you? what do they see that the rest of us seemingly don't see? i take it not as particularly bullish that they're looking for opportunit

to back monthly gains for both june and july in japan the nikkei it's actually down for the week soft bank dropped nearly 4 percent on friday alone shares of fujifilm saw a bump earlier this week u.s. president donald trump he announced the company had been awarded a $265000000.00 contract to manufacture a coronavirus exene in india the sensex also in the red this week after the indexes at best 2 month run since 2009 having gained about 16 percent since the end of may well next month is looking pretty rough as india faces its worst economic outlook in 40 years while the country tallies the 3rd highest number of coronavirus cases in the world it's moved to the a.s.x. in australia which is also down for the week it actually fell more than 2 percent on friday a law. the index really felt that u.s. g.d.p. drop the all shares in south africa are actually up for the week it's posting its best month since 2017 that mining sector is really thriving now let's move to some european markets where all in the red this week in london the footsie took a hit on that u.s. g.d.p. data aviation and turns the

some of your other top stories russia has held talks with soft bank on joint investments. talks began last year with the japanese technology as searching for investors for vision fund round two. the former ceo of wirecard has been rearrested on new charges of defrauding banks. now suspecting the payment accounting fund began as early as 2015. that management conspired together in an organized fraud of $3.7 billion. southwest airlines says it will no longer let travelers fly without protective masks ee li eliminating all exceptions except for kids under two years old. who is getting on ple a an without a mask on? is that a thing? >>> welcome back to "worldwide exchange." chipolte second quarter results beat estimates digital sales nearly triple. same store sales fell less than expected chipolte said they are up 6% in july shares down 1.5% pre-market trade. unilever sales fall in the midst of covid lockdowns shares up 7% in european trading. csx posts second quarter earnings revenues did fall short. a fall off with total volumes dropping 20% as consumers and customers pull b

but you're confident that it will only be a six-month delay >> yes >> i want to ask you about the soft bank listing. what does that mean for the chip bank at large and does the uncertainty around it's future provide an opportunity that intel is looking at? >> i think for us, you know, as i mentioned to john we had the largest served market in the company's history. we're in a world where increasingly everything looks like a computer. not just your pc or your crolou but your network, your factory, your retail store, home, school. we see a market where everything looks like a computer and they need more and more silicon and we want to develop a product for each segment of the market so we're well positioned as compute evolves. so we have a prod portfolio, a very diverse makeup, and we're focusing on the needs of our customers. >> bob, it is carl as for the sell side's response to the quarter, a lot of analysts that are not optimistic point to something that we have talked about since you got the job. your become in finance rather than engineering what do you say to them? >> we have 70,000 of

. >>> soft bank looking to end its partnership with wirecard.king to scrap five-year deal with the investment arm formed in april last year wirecard now being called the enron of europe. >>> and novartis has agreed to pay $670 million for a civil lawsuit. accused of illegally providing doctors with cash and other perks to provide certain drugs dow tufures are up 175 we are back after this we're going through a really tough time right now, all around the world. and covid-19 is still impacting so many people. if you've survived it, then you're the heroes we need. the plasma that's in your blood can literally save lives. but we have to act fast. so please donate. you fought for your life. now, let's work together to take down covid-19 to donate plasma go to thefightisinus.org >>> if you are looking to barbecue, go for a bike ride or play in the ackyard, we've got some bad news. those summer essentials finding higher demand due to lockdowns joining us now with the story. is bad mitten a thing? >> i am really bad at it but if you want to come over on

congress has moved to repeal some of these big you voted with republicans soft target as i write i voted to support the community banks the bill was entirely about you citi group along with some of these community bankers and other banks trade associations really hit the hill they had a lot of lobbyist working on their you have a dual citizenship do you think that the banking lobby and their campaign donations had any influence of the 2000 a fiasco that the bank said no no right. imagine you ask me what do they have any influence over the vote. banking lobby have any influence on this vote go to see office and it's a lot of months in advance we're thrilled with this it's the community banks that like yes i did support the community bank bill and i think when people mess with this others and what things are that makes it really hard all right one last question you said the regional banks are doing very well thank you all right. are you concerned that the banking lobby bank lobbyists had influence over this bill that they have too much influence here on capitol hill absolutely i think the bank plan to. be the pharma lob

in america something overseas in the cayman islands or do we do all these banks are complicit in their tough talk received a soft ball and say hey i'm ready to do some serious money laundering ok let's see how we did while we've got home got a nice luxury watch for max and for stacy oh beautiful jewelry how about. luxury automobile again for max you know what money laundering is highly illegal. watch guys record. so rumors are sinners are. searching memphis mccomb good you may believe you. remember the just go stuff for a book if you care that oh. i'm talking is a very international community i. mean it used to the truck route conflict. you just look at it as the slow slow slow you need to eat. for the position of the world to push through the commercials for their new cool script. is everything reduced to lose it with just one post to do with the above the. 5 they have i would have acted all day but i decided not to take physics life. with my get you the. world famous i guess if a museum which was originally founded as a cathedral is come to back into a mosque however to trigger anger especially from abroad. to

rob one bank and you get to rob six banks, and they will still ,et you out. there are other soft on crime policies. meanwhile in the great city of atlanta, violence is also surging. 31 shooting victims over the weekend in atlanta, including an 8-year-old little girl. her name is secoriea turner and she was killed after a gunman shot up the car that her mom was driving, and recently a father delivered these heartbreaking remarks. let's take a look. >> they say black lives matter. they killed my baby becausend se crossed a barrier. you killed a child. she didn't do nothing to nobody. just wanted to get home to see her cousins. that's all she wanted to do. just wanted to get home. >> sean: how do you recover from that? that is america's treasure, our children. it's terrible, our fellow americans. now the mayor of atlanta also addressing the wave of violence, vowing now to crack down on the city's criminals. let's watch this. >> the reality is this: these aren't police officers shooting people on the streets of atlanta. these are members of the community shooting each other. in this

banks doubled their fixed income revenue. the ceo says it's fully on track to beat all target. second quarter net interest income came in slightly softuarter pretax profit was a clear beat. santander, unexpected second-quarter loss and a 12 point -- 12.6 billion euro impairment. we will talk earnings, next. this is bloomberg. ♪ nejra: good morning from london. i "bloomberg daybreak: europe,". in its latest effort. today'srade mixed at of rate decision. u.s. stimulus talks stalled over liability protections for businesses as current measures start to run dry, plus credit suisse plans to merge its investment bank and trading unit in a sweeping overhaul. we speak with top executives from deutsche bank, santander, and barclays. welcome to "bloomberg daybreak: europe." let's get some more news during earnings season. we are hearing from sanofi, raising its 2020 guidance. it now sees a 6% to 7% eps growth. second quarter business eps comes in at 1.28 euros. the estimate was 1.2 one euros so that is better than expected. second quarter revenue, 8.2 one billion euros. that is a little bit softer there. the raising of the 2020 guidance is the

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it's not always the same way yesterday i was talking about semis and banks are strong hard to be bearish today they both were kind of soft a mixed picture. >> in terms of some of the news that we've had today, apple reclosing some stores, california joining a list of states that at least paused if not reversed slightly their reopening plans. would you have expected that news flow to hit equity markets more than it has >> you know, i think really what we've seen since mid june is the markets reflecting this bit of a pause we're seeing in the reopening story. this mid june outperformance once again from covid winners. areas like tech, health care, discretionary, all showing leadership those cyclical reopening sectors have once again taken a back seat, pretty soft. that does reflect fundamentals we have seen pullback in states, new york and new jersey, even the private sector noted apple, disney, for example, pull back theme store reopenings so i think generally speaking we're once again in this old playbook where we're seeing secular growth take a leadership role that's not to say reopening trade is dead forever but perhap

that increase looking soft 2.9 billion revenue up 46% very strong jpmorgan up 38%. citi was down slightly investment bankingenue up also worth pointing out their ce t1 capital ratio improved by 1.1% to 13.6% i want needs to hit 13.7% by first of october they did see some of the commercial banking pressures emerge they grew that new part of that business from the relatively small base provisions rose from 940 million in q1 to $1.6 billion in q2. gold mapp shares up 4.4% in the pre-market pnc and usb have their numbers this morning they are moving higher usb numbers strong beats on both lines and less of an increase in provisions than forecast pnc is less positive on that provision front but nonetheless the stock higher the question for investment banks now, andrew, is can that trading performance be repeated in the second half of the year the theme even though usb is better than pnc neither as bad as wells fargo if the regionals can split the difference then perhaps some positive news to come out of that particularly relative to the declines we saw yesterday. >> all right great. will, thank you for that repo

the fog bank will make a big impact today, tonight and tomorrow. the high-pressure is on its way to texas. 50s too soft wind of change has been windy down toward san jose. gusts of 23 out toward the delta. 35 at higher elevations. will translate to higher elevations. him in cooler as we get a dip in the jet stream. in july, all it takes is a dip. temperatures below average to near average the rest of the week. now over to allie who was busy from 4:00-7:00. now things are getting better. is it still good? >>> it is all still good with no major problems to tell you about. occasional slowing here and there. we will check back on the east bay commute. problems on southbound 680 have cleared from pleasanton. southbound 880 with a crash. i want to look at this picture because there is a report of heavy fog on the san mateo bridge right around mid span. so, be aware of that. here is a look at the macarthur maze. it will take 19 minutes in a pretty good drive over all. the toll plaza is clear at the bay bridge as well. also with the golden gate bridge. the toll plaza in good shape. we end with this nice pictur

bank index up over 5%. irrad indicating all of this week's losses, up 1% now for the week as a whole. but only up 1% today shows how softcoming in today with today's 5% gain citigroup leads with 6%. energy the second best performing sector. utilities up 2%. only one sector in the red, health care. just negative. technology is flat essentially the second worst sector which talks to that relative rotation that we're seeing today. at the close, the dow is up 375 points 1.5% s&p 500 up over 1% nasdaq up 0.7% >> a strong finish to a strong week for the markets and another record close there for the nasdaq welcome back, everyone if you're just joining us to "closing bell," i'm sara eisen here with wilfred frost and mike santoli. take a look at how we finished on wall street closed near the highs of the day. i got a bit of a surge into the close in the final hour. up 368 was the final talley on the dow. big winners today including goldman sachs, boeing, a lot of the reopening plays like the airlines did better today and financials too s&p 500 finished up 1% on the day. almost 2% on the week. 1.8% for the week. pretty much a st