Alison Williams analyzes Bank of America and Morgan Stanley earnings, Craig Trudell talks about Tesla hiring, Jill Blanchard discusses U.S. retail sales, and Douglas Durst explores commercial real estate. The podcast also recaps the Republican National Convention and delves into political strategies.
Bank of America and Morgan Stanley reported strong performances with optimism for future growth, focusing on equities trading, investment banking, and potential loan demand.
Tesla is looking to hire 800 new employees, demonstrating growth and expansion in the electric vehicle industry.
Deep dives
The Shift to Thinkorswim Trading Platforms at Schwab
Trading at Schwab is now powered by Ameritrade, unlocking the power of Thinkorswim, the award-winning trading platforms loaded with features that allow traders to dive deeper into the market. Thinkorswim desktop offers robust charting and analysis tools, along with up-to-the-minute market news and insights, available on desktop, web, and mobile for convenient access. The move signifies a strategic shift towards enhancing trading capabilities for Schwab users.
Lenovo Pro Membership Program for Small Businesses
Lenovo's free online membership program, Lenovo Pro, offers support for small businesses by providing tech expertise and solutions. Partnering with Lenovo allows businesses to access a team to address their tech inquiries at no cost, catering to those who may lack technical knowledge. The program aims to enhance business operations and technology utilization for small enterprises.
Financial Analysis: Morgan Stanley and Bank of America Performance
Morgan Stanley and Bank of America reported strong performances, with Morgan Stanley's equities trading and investment banking standing out positively. Bank of America noted optimism for future growth, banking on potential loan demand and recovery from weaker quarters. Both banks navigated challenges like minimal M&A activity and varying lending strengths, highlighting strategic focuses to boost earnings.
Commercial Real Estate Insights from Douglas Durst
Douglas Durst, Chairman of the Durst Organization, shared insights on the commercial real estate market, emphasizing success in leasing high-quality buildings and renovation efforts. Despite challenges in financing approvals, Durst highlighted the market's resilience to attract investment in properties with strong occupancy rates. He discussed strategies to navigate interest rate impacts and highlighted the significance of property quality in maintaining market competitiveness.
Alison Williams, Bloomberg Intelligence Senior Analyst, Global Banks and Asset Managers, discusses Bank of America and Morgan Stanley earnings. Craig Trudell, Bloomberg Global Autos Editor, talks about Tesla looking to hire 800 new employees. Jill Blanchard, President of Enterprise Client Solutions at Advantage Solutions, discusses U.S Retail sales. Douglas Durst, Chairman of the Durst Organization, talks about the state of commercial real estate. Jodi Schneider, Political News Director for Bloomberg TV and Radio, recaps Monday at the Republican National convention in Milwaukee.