Hello and welcome to the Intelligence on Economist Radio. I'm your host, Jason Palmer.

Every weekday, we provide a fresh perspective on the events shaping your world.

For years, Brazil had a policy forbidding contact with isolated indigenous groups in the Amazon.

More and more, though, people are flouting that rule, egged on by a president who has no problem with minors and missionaries muscling in.

And Graziano Messina has been on the wrong side of the law since he was 14.

He's dashing, tends to charm the ladies, he's excellent at escape,

and he's once again on the lamb in Sardinia, or maybe not.

But first...

Since the first days of the pandemic, there's been a disconnect between the pain on Main Street and the profits on Wall Street.

That's rising yesterday with the NASDA closing at its highest level since late February.

What do you think about this amazing rally? I mean, 45% from the bottom for the S&P 500.

We have this best week since the 70s on the same day that employment numbers are horrific.

This week, that chasm seems to have widened a bit more.

While most of the country was on lockdown, America's biggest investment banks, such as Morgan Stanley,

were earning record profits.

The results we announced this morning built on a very strong relative performance of the first quarter

with a record-breaking second quarter.

Revenues of 13.4 billion exceed our best quarter ever by 21%.

But not every kind of bank had something to celebrate as earnings were announced this week.

That gives a hint about how prepared the banking industry is for further calamity.

The biggest takeaway from banks' earnings this week

was that Wall Street or the investment banks did extremely well.

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