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RCAF C-130J into Dakar Int'l
S&P 500 crosses 3,300 on trade deal, Morgan Stanley earnings
The S&P 500 crossed 3,300 for the first time and the Dow and the Nasdaq opened at new highs on Thursday, after the United States and China signed an initial trade deal and Morgan Stanley wrapped up big bank earnings on a strong note.
bond trading….again.
The Dow Jones Industrial Average .DJI rose 101.73 points, or 0.35%, at the open to 29,131.95. The S&P 500 .SPX opened higher by 13.68 points, or 0.42%, at 3,302.97. The Nasdaq Composite .IXIC gained 54.75 points, or 0.59%, to 9,313.45 at the opening bell.
https://www.reuters.com/article/us-usa-stocks/sp-500-crosses-3300-on-trade-deal-morgan-stanley-earnings-idUSKBN1ZF1ND
AF2 up SW
Barclays Is Cutting About 100 Senior Jobs at Investment Bank
Barclays Plc is embarking on a plan to cut about 100 senior jobs across its corporate and investment bank mostly in trading as the British lender seeks to rein in costs.
The bank has started trimming mainly managing director and director positions in London and Asian financial hubs, according to people familiar with the matter, who asked not to be identified as the details aren’t public.
A spokeswoman for Barclays in London declined to comment on the cuts, which are among the first to be implemented by a major investment bank in 2020. Last year saw several European lenders reshape their securities units, eliminating thousands of roles amid increasing competition from U.S. peers and a lackluster home market.
The bank reports its full-year results in February. The corporate and investment bank outperformed Wall Street peers in the third quarter, as revenue from fixed-income and equities trading advanced. Chief Executive Officer Jes Staley, who has clamped down on expenses as he seeks to reach profitability targets, nevertheless said in October that “the outlook for next year is unquestionably more challenging now than it appeared a year ago.“
Last year, he said Barclays cut 3,000 jobs in the second quarter. In the bank’s 2018 annual report, Barclays said global headcount was more than 83,000. Banks announced almost 80,000 job cuts last year, the most since 2015, with the vast majority of that sum in Europe. Societe Generale SA and Deutsche Bank AG are among other European lenders who have recently cut headcount.
https://www.bloomberg.com//news/articles/2020-01-16/barclays-is-cutting-about-100-senior-jobs-at-investment-bank
chek't
>>7829641, >>7829658 Democratic SEC commissioner leaving agency next month
>Robert Jackson, the senior Democratic member of the Securities and Exchange Commission (SEC), announced Thursday he will leave the agency on Feb. 14.
Jackson’s office confirmed Thursday that he will leave the SEC and return to teaching at New York University School of Law. Reuters first reported Jackson’s departure.
“Serving on the Commission has been the privilege of my lifetime,” Jackson said in a statement.
“I will always be proud to have served alongside my fellow Commissioners, Chairman [Jay] Clayton, and especially the Commission’s Staff, who dedicate their careers to protecting ordinary investors—and give hardworking American families the chance to build a better future.”
Jackson was appointed to the SEC by President Trump and confirmed by the Senate in January 2018. He was the first Democrat appointed to the SEC by Trump, who was obligated under federal law to appoint two non-Republican commissioners.
https://thehill.com/policy/finance/478560-secs-jackson-to-leave-agency-in-february
>He's going to have to resign