Coal is Going to Zero, Straszheim Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 18 January 2018
⏱️ 30 minutes
🧾️ Download transcript
Summary
Jennifer Surane, Bloomberg Regional Bank Reporter, and Bill Blain, Mint Partners Head of Capital Markets, wrap Morgan Stanley's earnings. Brian Klaas, London School of Economics Fellow in Comparative Politics, says international election rigging is going to become the new normal. Don Straszheim, Evercore ISI Senior Managing Director of China Research, feels Washington doesn't want to be the global leader and China is incapable of it. Bart van Ark, Conference Board Chief Economist, says finding and retaining highly-skilled workers is one of the main concerns for CEOs.
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| 0:43.5 | Daily, we bring you insight from the best in economics, finance, investment, and international |
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| 0:57.0 | From Morgan Stanley joining us in New York, Jennifer Surin. Jennifer go through the |
| 1:07.7 | numbers for me. What are we looking at? |
| 1:09.0 | Well, I think the first number everyone likes to look at is fixed income trading and that was a little bit of a miss. |
| 1:15.3 | They came in at 8.8 million analysts were thinking it would be closer to 1.02 billion. |
| 1:21.6 | And so you know that's been the case across Wall Street. |
| 1:23.6 | You know yesterday Goldman also reported a miss. |
| 1:26.2 | Now this has been like an ongoing competition. |
| 1:29.1 | Morgan Stanley really gaining some ground on Goldman. |
| 1:31.6 | And it seems like maybe they slipped a little bit |
| 1:34.3 | this quarter but they're up in early training and so I'm thinking that people have |
| 1:38.6 | kind of shifted their focus a little bit and looked at their wealth |
| 1:41.6 | management unit which posted both record |
| 1:44.1 | income and record revenues that you know James Gorman made this huge |
... |
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