stanley, despite the fact that their strategies have diverged, no doubt, given the focus on morgan stanley that's a moment. >> that is important what kind of business is this? assets go out the door every morning. gorman is doing a fabulous job in leadership. i have to tell you, i don't think that -- you need volatility going back to the vicks question fixed income. >> at the beginning of this year, one stock was down morgan stanley is up 12%. >> changing as the guard. >> investors do tend to have longer memories sometimes. >> one of the big s&p earners right now. >> that stock sells at tangible book value he has put -- now it's up 50 cents higher okay he is putting points on the board. that deluge of numbers. >> banks leading today, suntrust, citi, fifth third, are we once again -- ten-year just hit 2.3. >> jp morgan coming back to my price target. >> that makes me feel a lot better what's so weird is when you go over united technologies, they need copper data copper is up you have commodities you have financials going up and you have google going down. >> that is -- listen, i'm happy whe

dramatic elsewhere, morgan stanley had small beats on every line. probably the most encouraging was wealth management which had record revenues at the top end of their target range at 25% overall, ceo james gold masn was pleased with what he described as respectful numbers and singled out three tail winds that could improve things further. capital, tax reform, and interest rates here are his comments on taxes >> u.s. corporate taxes are too high if the administration in congress can achieve a realignment of tax rates with other major developed economies, and they would be a clear positive for our business and corporate america in general >> shares up more than 3% today in reaction, guys. >> willford, based on the comments for ceo about how they had tail winds from higher rates and higher markets, i'm just wondering how much of this wealth management boom is based on higher stock market values and what happens one day if we're not in the same kind of environment. >> i think you hit the nail on the head, kaylee, first of all to say that lots of the an

shekel, the israeli morgan stanley saying they remain bullish on strength against the u.s. dollar. they're also saying the cycle has stayed strong despite persistent intervention from the bank of israel. tracy: let's take a look at the other main events we are watching out for elsewhere in the world next week. china kicks off the week on monday by announcing second-quarter gdp at 10:00 a.m. hong kong time. long are the days of double-digit gdp growth, analysts are looking for 6.8% in the second quarter. monday, we have the eu sitting down for a second round of the brexit talks with the u.k. followed by a bunch more bank earnings. a governor, morgan stanley and goldman sachs announcing second-quarter earnings throughout the week. ifwill have to wait and see the goldman conference call is colorful. we have some big decisions on thursday. the boj announcing rate decisions. a busy week. yousef: we will see some traction on the sterling, the cable trade, saying it could weaken because of the boe rate hike. that is all we have for this edition of "bloomberg markets: middle east." 30iette

. >> some still believe, morgan stanley doubling down. that is a 10% upside from where we are right now, they believe the company should of trump delivering and profits could make a difference. get the first word news. >> china's banking regulator has told some lenders to lower rates they offer wealth management products. according to people familiar with the matter, ranks including some big lenders received the order from the revelatory commission earlier this month. the move comes as officials try to reduce financial risks and stimulate the economy. chinese home prices surged in june, even as property curbs drive down values in a larger market. prices, excluding government-subsidized housing, rose month on month, up from 56 in may. profits in -- fell in large cities that rose in smaller cities, highlighting the challenge. the u.s. has said iran is complying with the deal to curb its nuclear program continues to be a malign influence the middle east. iran's foreign minister says it's country remains committed to the commitment to not pro

we speak to a morgan stanley on investment picks. at where theok major averages stand as we head to the close. abigail doolittle standing by. >> thanks, joe. heading into the close on this summer friday, we have the dow s&p 500, and nasdaq all higher -- the dow, s&p 500, and nasdaq all higher. something that really stands out -- prior to today's trading action, they have been on pace to weekly declines, but we are now looking at weekly gains for all three major averages. first of all, we see all green. on top, technology, the beaten-down sector really rebounding today. on bottom -- actually, energy is not the worst mover. we will be taking a look at some of those in a moment. apple and microsoft helping technology, gaining on the day. the best point boost for the s&p 500. looks like there is some by the p mentality.he di we have chip equipment companies receiving bullish mentions from and morgan stanley. turning to oil, one of the big drags on the markets today. we see oil is down nearly 3%, despite the fact we had that very bullish

they are not really evolving quite as quickly as morgan stanley would've hoped. they say the buyers of these advertisements are not seeing the rewards, they are not showing that this is a must buy, still a bit of an experiment. also competition, this is where facebook is getting it right. instagram keeps on taking some of their ideas and deploying it, often for free. morgan stanley saying some of parts oflled sponsored snap, they are giving them out. it doesn't bode well when you have a stock that looks like it will go past $17. david: is it a problem of what the company is or what people perceive it to be? itis a question of thinking as a facebook and being disappointed, as opposed to thinking about it as something else, like a camera company? caroline: if we cast our minds back in march, they were desperate to say we are a camera company, don't associate us with twitter. please don't associate us with our key competitor, instagram or facebook. they are not doing as well as many had hoped. q1 numbers were not that great. look at what analysts are telling us. if

analyzed morgan stanley. let's start with you. we are trying to process these numbers as they come out. it looks like a good story. allison: the first thing we look at is in line with some of these estimates we've gathered. the interest margin is something i'm looking at. the yield curve is something that everyone has been watching over the past quarter. pastgan has said in the it's more important to them. it down.merica had it were people paying attention to this? it doesn't like the interest margin is coming in low. david: it looks a fair making more loans and making it up on volume. allison: it has to do with the expectations. when you look at the data, it is slowing. it looks like they are talking about 8% loan growth for the year. i think we will hear more about what they see in terms of demand. one of the things jamie dimon has been vocal about his tax reform and how that can help his corporation. charles, your initial thoughts? think there is $400 million in reserve recovery. that is $.12 per share. say $1.69. i would like

we will get results from morgan stanley, also u.s. bancorp and m&t bank that will happen before the opening bell after the closing bell, we'll get american express, qualcomm and t-mobile u.s that earnings picture taking front and center stage let's talk a bit more about the earnings picture we have joining us now lindsay bell investment strategy from cfra research. i have to say, it's shaping up to be another decent earnings season take us through some of the mechan mechanics. why you are showing or seeing positive momentum for earnings >> it's been a good quarter, but we're in early stages. 74% of the companies that reported have beat on the top and bottom line. that's in line with average for this point in the earnings season early on that will come down as we move on the banks stole the headlines so far. good quarterly results, weak guidance was the story there wilfred i'm sure can tell you about that we're looking forward to see how the regional banks fair. technology will be the second best leader in growth with 10.8% earnings gr

stanley's and jpmorgan's of the world, although morgan stanley did do better than peers. you are looking at a quarterly basis. lowest averagehe vix going back to 2006 and we have hit another milestone in terms of volatility. volatility under 10 per by straight sessions for the first time ever. it is not just a typical summer, it is an unusually low volatility summer, even by the usual summer standards. this trend we will continue to implies onhat it the ability for stocks to rally. the volatility tends to mean stocks are not going up. there is volatility and it comes to individual stocks. one is sears. that company is surging. it announced plans to sell its kenmore appliances on amazon. sears has been battered by a lot of concerns about its business and viability, but the stock is up by 19% today. some of the other appliance sellers are lower. sears used to be the largest seller of appliances and has given up that title to competitors. and best buyowe's, are trading lower today. i want to take a look at oil prices on the bloomberg because oil is up for seven of the past e

morgan stanley will move its european broker-dealer business to frankfurt from london. the asset management operations will move to dublin. written may now be able to -- britain may now be able to take back control of its favorite dish. we are talking about north sea cod, the staple in green -- ingredient in traditional fish and chips. stewardship council said cod can be sold with a sustainability certificate. ♪ i don't know how popular fish and chips -- julie: this has been a big source of controversy over there in the u.k. that people were getting enough, in their fishing -- enough cod in their fishing chips? nejra: i am wondering if this is happened because of the substitution because you don't just get cod in fish and chips. guess peopleut, i have been going for other options. i don't how much you guys like fish and chips in the u.s., but it is a cardinal sin here. i don't like the batter, so i take it all off and eat the fish. julie: i don't know what the point is then. of course fish and chips is popular. ofra: coming up is battle the charts. netflix versus the

morgan stanley is one good example. in their sales and trading business they cut 25% of their people. they look at the new environment and said, hey, the trading we used to know and love in the early days are not coming back. when he the right side our business. lloyd has taken a look at the same environment and said, a lot of this is probably cyclical. if we wait it out, we will be the big winners because of the morgan stanley's of the world pullback and reduce their commitment to certain markets, when those markets come roaring back to life goldman will be there. they have always been there and they will be rewarded for that. oliver: when you talk about the core of the business and what it's going forward, there is a bifurcated approach. there are a lot of new things happening at goldman that you address in the story, the consumer lending and focusing on asset management. but on the other hand, there is a sort of going against the grain. sticking with some of the higher risk stuff. is that where he is indeed breaking

a deeper look and trends and activist investing with morninging -- with morgan stanley. and k.k.r., private equity firm named for its founders, is preparing for a day when those leaders are no longer at the helm. an inside look at the company's succession plan. before we get to all of that, let's check in on the news. >> thank you. president trump continues to enjoy overwhelming support from the people who voted him in. but they're less enthused with hi

stanley might be doing next week >> and what about the xl app trading about 1% below record highs. do you think earnings can help the banks? will k. th will they provide resilience >> i think they will as you know the fed is moving on interest rates and that is a real positive for their net interest margins particularly the so-called asset sensitive banks. so if they can continue to deliver on margin expansion, control costs, credit is not a big issue today as you know. and i think investors will see that and look for opportunities to buy these stocks. >> as you said, we could get a pick up in net interest margin because of the rate hikes. does that mean into these earnings season you prefer the asset sensitive names rather than the trading names and which does not mean you're positioned in ahead of earnings season? >> i would say a combination of both certainly the asset sensitive names are names to own like bank of america, co-america are two examples but at the same time, we do think that the capital markets businesses over time will work and so with the priced in lower numbers

clearly, morgan stanley, not of that view. they say we can get further 10% upside by the end of december. not that many months to achieve that, so that would be quite some rally. the second point as well that they see is that there has been a disappointment around the trump administration and around expectations for reform, both to health care and to tax reforms. they say that, as some of that starts to revitalize itself in the second half of this year, that may also give a further boost for u.s. stocks. shery: adam haigh in sydney, thank you. boost for thisa one company, at least not when it comes from s&p global. ony have put units of wanda what for possible credit rating downgrades following the unexpected asset sales to rival developer sooner. facing asaid to be government crackdown after allegedly reaching restrictions for joining us now is the s&p global ratings director of corporate ratings. thank you so much for coming into the studio. i would say that the asset sales would in fact improve their debt outlook. it would

morgan stanley coming up wednesday. the u.s. china copperheads of economic dialogue will be taking place. a: 30 on wednesday we get u.s. housing data. economists look at a jump. the ecb rate decision is at 7:45 in the morning eastern time followed by mario draghi 45 minutes after that and the bank of japan will also release its monetary policy decision. at 8:30 a.m. eastern time, wrapping up a big week on friday. earnings from general electric and from honeywell. jonathan: progress is the word of the day out of brussels as u.k. brexit secretary david davis arrives for round two of the negotiations, putting out their view. >> it is incredibly important to make progress. we need to examine and prepare our positions in order to make good progress. jonathan: what might progress look like? joining us from brussels is ian wishart. tell me what you think that looks like over the last 12 months, 13 months, 14 months now. >> over the last 14 months, there has been no progress whatsoever. it has gone the other way. that is why they are so

morgan stanley is the bank that helped take snap public. but wall street hates looking in the rearview mirror. there's some ugly things in that mirror. so investors and wall street like to lock ahead, so -- look ahead. the ipo docket includes soul cycle and low-cost carrier, frontier airlines. should yp inou jumn these two, or is there a lesson we ought learn from snap and blue apron? to the floor show and our brilliant traders. john corpina, i know each one of these names is very different. however, the momentum that pushes them to the ipo doorstep and then they stumble once they walk in that door, should it be a warning sign about jumping in early when a stock gips to trade? >> -- begins to trade? >> i think that's kind of what we're seeing right now. the ipo market is very cyclical. at the end of 2016, everyone was waiting for the snapchat ipo. so once snap went public, we felt, all right, the floodgates are going to open, more companies are going to come. they did start to come, but as we're seeing the ipo -- these stocks' performances

in march, a morgan stanley analyst said wynn's stock could double. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. bloomberg. >> i am a sophie kamaruddin with a check on the markets. that global selloff looking unabated in asia. asian stocks looking at the biggest loss in four months. bonds of falling in the region. the last time a and stocks fell together was back in the 2013 taper tantrum. some are warning the party is over and central banks are set to take a punch. a few bright spots in asia 0.1%. the won gaining but set for a six week of losses. the qatar at a benchmark. the nikkei 225 down one third of 1%. this, despite the yen falling despite its major peers. deepening on the back of the boj's move with a deal. aussie shares of the biggest in the region. look how it climbed in aussie bond yields, in particular, the 10 year, which could be headed toward a 3% in the coming weeks if they can beat 2.71%. oil had doldrums. brent and the bti falling 1.2%. gold falling a second day, trading at

net flick, bank of america, goldman sachs, ibm, dish, morgan stanley, microsoft. typically they could be market movers in the week ahead. the senate could vote on a new draft of its healthcare bill. mitch mcconnell has pushed the recess back two weeks. and tack reform testimony from former treasury officials. the senate hopes to have a tack reform bill by the fall. i'll see you sunday morning this weekend at 10:00 a.m. eastern. that will do it for us on "wall street week." >> i'm bob massi. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. lives were destroyed from coast to coast as the economy tanked. now, it's a different story. the american dream is back. and nowhere is that more clear than the grand canyon state of arizona. so we headed from the strip to the desert to show you how to explore the new landscape and live the american dream. i'm gonna help real people who are facing some major problems, explain the bold plans that are changing how americans l

morgan stanley one laugh, and hello sensitring a bell? then you have to try always discreet. i didn't think protection this thin could work. but the super absorbent core turns liquid to gel. for incredible protection... snap! so it's out of sight... ...and out of mind. always discreet. for bladder leaks. i've discovered incredible bladder leak underwear that hugs every curve. can't tell i'm wearing it, can you? always discreet underwear. for bladder leaks. >>> welcome back to "worldwide exchange." i'm wilfred frost along with courtney reagan. u.s. futures at this hour pointing slightly higher after a day of record closes joining us now is bill stone from pnc asset management. good morning to you. thank you very much for joining us >> good morning. >> is this the story of earnings that that is supporting the market in light of political pressures? >> yes, i think you have earnings, certainly not as good as the first quarter by by the time you're done with the second quarter, you may get into the high single digits in terms of earnings growth that's part of it. the other side i

we are joined by matthew hornbach, head of morgan stanley global interest strategy. this is bloomberg. ♪

next week will be busy between goldman, morgan stanley, netflix, ibm, cfx. the earnings parade really begains starting monday. we haven't seen earnings estimates come down as we normally do in quarters. people also wonder about the relative lack of preannouncements >> yeah, those things are connected. >> dollar weakness >> the immediate read is that that tends to be a positive sign it's not as if because estimates have not been cut as much that expectations are too high. usually the companies are give ing estimates. you probably have your standard margin of beat if you get that. it's still probably going to be okay the big question to me is, whether the market is already kind of there. we don't know. i've said this before. the bullish case was, the first quarter of 2016 was the trough in earnings. that was going to be the bottom in year-over-year earnings therefore, you could buy stocks. first quarter this year was your peak in year-over-year earnings growth does that mean you sell them now? i don't think necessarily you have, to but that's the fix that we'r

. >> that is very unusual, morgan stanley did help to bring the mother of step two the stock exchange -- snap to the stock exchange. now they are lowering their price target from $28 to $16. snapchat is really not able to participate in the market as strongly as they should. competition is increasing from facebook, instagram and the stock of snap dropepped 8%. >> investors are in for a way for snapchat's shares to snap back. >this was once the world's biggest bitcoin exchange. a hack attack led to the set of $4.5 billion of bitcoin. was he a victim or worse? the case began in tokyo on tuesday. >> in tokyo, mark was released on bail. now he has to face the music. the court wants to know who was responsible for the collapse of the world's biggest corn exchange. -- bitcoin exchange. the arrest of this man attracted a lot of attention. investors and customers lost millions from a subsequent shutdown. bitcoins were invented after the financial crisis of 2009, independent of government and central banks, they were said to be the new currency. it was accepted in stores and in canada, the fir

great wall motor in hong kong, h-shares upgraded to overweight, and morgan stanley, popping 6.9% there. rishaad: thank you for that. some of the first word news headlines. saudi arabia and its allies says qatar's responses negative, showing complacency to do with the problem, but decided not to impose any new measures. qatar denies charges it is destabilizing the middle east. >> we cannot have a country like qatar that is an ally militarily in the gcc and the league and that hosts an airbase from which planes take off to fight isis and al qaeda and turns a blind eye to financiers who operate openly in qatar. >> we must discuss the claims and allegations while presenting evidence and engaging in a constructive dialogue. qatar stands ready to engage in negotiations with a clear ourework that guarantees sovereignty is not infringed upon. israel and india have launched a new tech fund. camennovation initiative as narendra modi looks to boost triesonomy and his host to boost his presence in india. yum china shares fell after disappointing second-quarter sales at pizza hut. same-store sales

fixed income research at morgan stanley. and from wisconsin, the chief income fixed strategist at wells fargo. great to have you with us. let's begin with this word, transitory. it feels like a crutch to validate your monetary policy. how long before that soft inflation data becomes what it is for many people, a trend? >> well, you know, the inflation started to slow down quite dramatically in the last few months, but if you look at thathree-month average actually goes from zero to 1% this month. whatnk if you listen to the fed chair says she has gone -- to me the three-month average may be more relevant going forward. this is the fourth consecutive month where we have have -- thisand we is just a transitory phenomenon. at thestart looking ,ndicators of the balance trade if you look at those you can start to see that it is really consistently going down. ahead, it is hard to see us get back to that 2% target level over the next few months. jonathan: as we look over a two day testimony from the fed chair do you sense she was

morgan stanley >>> good morning, everyone. i'm john berman. >> i'm poppy harlow on the hill, capitol hill that is and on the hot seat. moments ago, senior adviser to the president, jared kushner arrived. he is behind closed doors with senate investigators. they want to know about the meetings he had with russians and russian officials as they investigate the russian meddling in the 2016 investigation. before sitting down with investigators, he offered a lengthy defense, 11 pages, to be exact saying he did not collude and did nothing wrong. he blamed it on a political newcomer. >> the down play of the meeting set up by donald trump jr. and a host of others with connections to russia. that meeting set up to provide dirt from the russian government so said the e-mail on

morgan stanley. becareally want to be there, but you can't. at cognizant, we're helping today's leading media companies create more immersive ways to experience entertainment with new digital systems and technologies. get ready, because we're helping leading companies see it- and see it through-with digital. >>> time for "the blitz. hasbro is under pressure after reporting its smallest sales beat in 2 1/2 years. under pressure is an understatement, down 10% >> this was a stock that looked incredible going in. hence my earlier point if you're a professional and interested in this name or you have a position and you were looking for an opportunity, today provides that opportunity. what i would do is wait to see how that candle finishes up today. see if buyers come in. i'm not looking to buy it, but if you are, today you might have gotten a gift. >> you know what i would do? >> what? >> watch "mad money" at 6:00 tonight. ceo of hasbro on with jim. >> giddy-up. >> if i were an investor, that's what i would do. halliburton shares lower after giving

. >> one thing that i've been thinking is, morgan stanley, wealth management, smith barney, can you replicate that elsewhere? are there businesses you're looking at right now that have doing to do with the macro growth in the united states, that can be needle movers between now and 2020 >> look and how we've defined growth we've gone from 60 consumer markets to 40. we've gone from covering 32,000 institutional clients to 14. we think within our own target client base, there's plenty of growth when you look at what we've laid out in that trajectory, that growth is driven by low single digit growth rate, good expense discipline, reasonable cost-to-credit, and capital return so we have lots of levers to pull >> you had to add 9,000 in the regulation and compliance. would a president trump deregulation ease the brake pedal, allow you to change that, and make it so you don't spend so much money on regulation? maybe free up more capital >> i think what you see is, one is, earning and maintaining a license to do business is critical for us. and making sure we do it right so that's an investment of w

it was downgraded by morgan stanley amid concerns over --petition from instagram in and the ability to grow as fast as expected. the market cap of about $18 billion stands in contrast to the high-end valuation target of $40 billion one person described back in october. we are back with dick costolo, currently the ceo of chorus fitness, and former ceo of twitter. what's your outlook on snap? >> i have said for many years that i think having is maybe the -- eva is maybe the best consumer product think are out there. he has innovated over and over , with stories, then spectacles, now geo-filters that my son and all his friends use all the time. i think he is a remarkable consumer product anchor. the challenges for these companies include, and the consumer advertising space, facebook has just got lots of the cards. they had volume, they have , their ability to deliver quality efficiently, hyper efficiently for advertisers is so great that it makes competing in that space difficult if you don't have that kind of scale, and the other advertising tools at their disposal. that will be the chal

it was interesting morgan stanley streams and they were vocal about the need for tax reform what did you think of jamie dimon's comments i'm sure you saw them. he sort of went off about the inability for things he had done in washington and talked about it being an embarrassment, you know, when he is traveling globally so for all that president's trying to do on the, you know with, that agenda, there is this feeling that, you know, that it's holding a business right now. >> well, i think jamie's comments were really more aimed at, you know, the status quo the way the new people have found it and so -- and then the push back from various special interest groups and the minority party in congress that says, no, none of this stuff should be touched that was done in the past. and so i think jamie's call and i heard him say this before and i'm glad he said it in that context of that call but is to call on people in washington to look at the cost, look at the potential benefits of having a regulatory structure he's right when we look at our competitiveness versus other countries, we're rea

>> morgan stanley. >> if you think about it, what would be the worst thing for a snap investor to see it would be a rally to 19. >> you don't want to see lower highs and that's actually, i think, a best-case scenario. >> to give full props to weiss, you all own puts. >> i love this conversation, although i want to move to another beaten down stock that's getting a rebound today and that's target revising their guidance take a look at that stock. stock is up 4% they raise their q2 guidance, their comp outlook as well what do we think of this is this a sign that the worst of retail is -- >> you know what would be the best sign for them not for retail you can't do that. people say this read-through means all of retail is back and that's what the reaction is. >> no way. >> i agree with you. it's not it's still the dpe ticompetitiof everybody and amazon i'd like to see target put their neck out there i'd like to see the insiders when we've seen this stock beaten down, beaten down, beaten down, what really made the turn -- we've seen it in the past and we've seen huge highs coming meaningfu

snap slipping below the ipo price, morgan stanley downgrading the chair -- shares. the analystn nowak, over there. he said the products are taking longer to improve and evolve in rather than previously expected. if the analyst their points out that there are severe cost challenges and intensifying competition. that is quite a shift from where it ipo'd at. let's check out the headlines with mark crumpton. mark: iowa senator chuck grassley says he's very pessimistic as fellow republican senators cello their differences and come together to pass a health care bill. that they break their promise to repeal and replace obamacare. genuine partners to help with the country's devastating six year civil war. insisting that such international cooperation must involve president bashir al-assad's government. they spoke to reporters after meeting with geneva. several rounds of indirect peace talks on syria. >> we need the political commitment of everybody to work it out. we need to have genuine partners. it shouldn't be only exclusively a syrian issue. it is an international issu

morgan stanley did upgrade the aussie banks today. jefferies indicated it is seeing lower second-quarter growth in a stock. it is worth noting it was about 70, suggesting it was overbought. we can have a look at a company in india. it is up after first quarter revenue and got a proofd -- and got approved for a share buyback. manus was talking about what the deputy governor was saying today. earlier, we saw the aussie dollar try to push for the 80% level. they are saying it is not significant. if you have a look at what the market is looking for, it is expected interest rates in australia to go up from those record lows. that is represented by the blue line. tumbling below. manus: thank you very much. u.s. special counsel that is investigating the trump campaign and russia is said to now be looking into trump's business transactions. and: fbi investigators others are examining russian purchases in trump buildings. for more on this story, let's bring in jodi schneider. give us your insight. why is this is significant, the expansion of t

but morgan stanley and stock trading is far ahead. julie: we will be watching all the numbers. let's get a check of the headlines with mark crumpton. trump's eldest son said he is willing to communicate with the senate intelligence committee. donald trump junior tweeted today that he is happy to work with the committee to pass on what i know. the republican on the panel said he should be interviewed. susan collins said the committee should talk to trump about a meeting he and other trump associates had last year with a russian lawyer reportedly giving information about democratic presidential candidate hillary clinton. the racks prime minister returned to muzzle today, hoisting the iraqi flag. following nine months of combat. speaking from a small base where heavy fighting has been underway for days, they said iraqi forces have achieved victory "by the they of our martyrs." launched a massive operation to retake muzzle in october. in recent days, they had confined the remaining militants in an area less than a square mile. theresa may will call on opposition lawmakers to steer

these having targets raised by morgan stanley on expectations that the chip equipment companies should have long-term confidence. lam research had the target raised around 168 and applied metals around 52. something i am keeping and i on. we hit on equities. we want to touch on bonds now, another asset class i want to touch on because the 10 year yield, looking like it is higher. we saw fluctuation this morning after the jobs report. it was better than expected. bonds selling off. and then there were some wage pressure concerns you mentioned in your opening, not exactly where the fed wants it to become a but we are still continuing to see the yield rise. we mentioned the fed. we will jump into the terminal. this is - is the party over for the fed? that is the question. coming out to say today it is over for the fed. this is the german two-year yield in the white. these look to be uncorrelated. as you come over here to 2017, as the doe and fed look to raise rates, you see the yields rise together in tandem. vonnie: taylor, thank you for that. taylor at the market wall. coming up, lookin

even in firms like morgan stanley, where the new paradigm was going to be the same thing, we are not going to be the big traders. they have been trading big as well. so it could be safe, but we do not know as much about this, which is trading markets and the band trading part, which we will never know if it is still in there. those things have been doing well too. so may things regulations have brought in that make it safer, even with all of this activity coming back. you would hope that when there is trouble, there are no backups to prevent. vonnie: so we have surpassed the backups in 2007. it might be a bigger economy, but growth has stalled for the past 10 years. should we have any right to expect this from the banks? are they outperforming by just doing as well as they were in 2007? >> we are talking about u.s. banks, and in one way they are outperforming because they are taking market share. i have done several stories and been tracking their comparative figures between the europe, u.s., and asian ones. asian markets of climate a little bit as well in capital markets, -- have cl

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morgan stanley. choicehotels.com. badda book. that's it?. he means book direct at choicehotels.com for the lowest price on our rooms guaranteed. plus earn free nights and instant rewards at check-in. yeah. like i said. book now at choicehotels.com this school year, it's okay to stumble. to struggle. to want to give up. but not to give in. to be scared. but not scared away. or hit the wrong note. and keep playing. you're learning resilience. tenacity. lessons you can't put a letter grade on. lessons i'm learning, too. here's to the moms who show their kids that every step -even a misstep- is a step forward. yeah, and i can watch thee bgame with directv now.? oh, sorry, most broadcast and sports channels aren't included. and you can only stream on two devices at once. this is fun, we're having fun. yeah, we are. no, you're not jimmy. don't let directv now limit your entertainment. xfinity gives you more to stream to more screens. >>> welcome back. former press secretary sean spicer did not make an appearance during the press briefing instead l

representatives from bank of america, citigroup, and morgan stanley to climb to comment. that is your bloomberg is this flash. -- business flash. scenarios releasing -- a releasings guidance. rate doubling after a favorable first half. let's join the boss of this business, joining us from helsinki. but get some thoughts on where this busy this business is going. neu are expecting the ebit li to double. we have done the math on that and that translates into around 110 million euros. the issue is the market is expecting somewhere around 140. do you think the market is over its teeth here in terms of what it is expecting? guidance that we expect our profits to grow in double, that means that it can than 110 or lower. we are focused on executing our goals strategy and our revenue growth was very robust in the second quarter. we continue to grow throughout the year. guy: you putting a lot of capacity into the market and you talked about planning to grow faster than ever. you talked in the past about that being stuck at 15% in the second half. can you give us a sense, that is a

wednesday, morgan stanley. thursday, visa joins the course of financials. we also round off the week with general electric as well. so, full range, in terms of the story this week from tech to financials to engineering. the chief investment officer at saxo bank is still with us. the expectation is that the trump administration can pull something off. the republican party, with all the levers of power at their disposal cannot get it done. , he is one of the reasons why it is difficult for the republic to stand behind him. that is creating this animosity and these fringe gop guys better joining the other side. overall, this is terrible for the tax. don't forget, you need obamacare to be adjusted to get some additional revenue to take into the tax reform. this has wide-ranging applications for people who are still holding up the card that says trump reflation trade. i think he is becoming more dangerous. unfortunately, he could be looking for his victory overseas, rather than domestically. guy: let's back up and start with health care. health care was always g

morgan stanley >>> this sunday, the chaos presidency. in the west wing, reince priebus, white house chief of staff, out. >> i think it's a good time to hit the reset button. >> john kelly, the head of homeland security, in. >> general kelly has been a star, done an incredible job. >> in the cabinet, president trump goes after attorney general jeff sessions. >> i am disappointed in the attorney general. >> republicans push back. >> if jeff sessions is fired, there will be holy hell to pay. >> this morning an inside look at how president trump operates from his former campaign manager, corey lewandowski. >>> plus, the republican health care effort goes belly up with a thumbs down from john mccain. and the president threatens to sabotage obar

and morgan stanley said strong performance from its wealth management business helped the bank report earnings and revenue th surpassed estimates. they did see a drop in bond trading, but unlike it rivals who reported t was modest. shares rose more than 3%. to 46.62. mccormick will buy the food division of the british consumer goods company for more than $4 billion. in the deal, mccormick will add french's mustard and frank's red hot hot sauce to its portfolio. the hashares were off $2. and despite a drop in earnings, ww granger still managed top expectatio ex. the company also reaffirmed guidance for 2017 and its cfo is retiring at the end of the year. down 7%. 162.19. >>> t mobile posted earnings in sales well ahead of estimates at the giant added more phone subscriber who is pay a monthly bill. the company also expects the strength to continue and raises forecast. shares initially rose in after hours trading an finished the day up nearly 1% to 61.97. high er costst caused asset management f trust report earni short. they said it would establish a european union banking base ahead o

stanley just slashed its target on regal on a lower foreca. but for studio, even films studying state side are outperforming overseas. >> there's something going on novelty, the bombast, the epspecially sie of these american made movies are enough to get them back in theatre. where as north american audiences seem more jaded. >> even the fifth films in rats and transformers, underperforming other sequels here in the u.s. have had a huge run overseas. that increasingly powerful global audience is already impacting what movies hollywood makes and where they're shot. we'll see how spird man and other big films perform overseas. for "nightly business report", i'm julia boorstin in los angeles. >> and thanks for joining us. >> thanks from me as well. have a great evening, everybody. see you back here tomorrow ni this is bbc world news america. funding of this presentation is made possible by. the freemen foundation. and coal fuller foundation pursuing solutions for america's neglected me. planning a vacation escape that's relaxing inviting. and exc

morgan stanley i'm the one clocking in... when you're clocking out. sensing your every move and automatically adjusting to help you stay effortlessly comfortable. there. i can even warm these to help you fall asleep faster. does your bed do that? oh. i don't actually talk. though i'm smart enough to. i'm the new sleep number 360 smart bed. let's meet at a sleep number store. yeah, and i can watch thee bgame with directv now.? oh, sorry, most broadcast and sports channels aren't included. and you can only stream on two devices at once. this is fun, we're having fun. yeah, we are. no, you're not jimmy. don't let directv now limit your entertainment. xfinity gives you more to stream to more screens. >>> more braving news. the senate barely eked out a vote to move forward on the gop repeal and replacement plan. two votes ron johnson's and senator mccain made it all possible as did a tiebreaking vote by vice president mike pence. mccain's support for startling -- store starting debate may not extend to the actual bill or the process his party leaders are u

representatives for bank of america, citigroup, and morgan stanley declined to comment. and a new macroeconomic hedge fund to be run by a portfolio manager. he ran a portion of the main fund. the macro funds expected to start in the fourth order. that is your bloomberg business flash. toughmario draghi faces a out act this afternoon when he announces the ecb's latest monetary policy decision. you may have to readjust expect haitians it policymakers want to make any changes at the next meeting. manus: that brings us to michael o'sullivan joining us from credit squeeze where he is the cio -- from credit suisse. she's called goldilocks, she keeps skipping around, but the piece this morning is that mario draghi has to tread of very fine line. i love what you said in your piece, there are central bankers out there who want to publicly talk about tapering. will he be dancing on the head of a pin, as one of our guest said today? he has some he different influences. there are people in the governing council who don't necessarily like qe. companies in germany don't like it either