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MM121: Goldman profit plunges & has the UK turned the corner with inflation?
Description
I am joined by co-founder Piers Curran to talk over three themes in markets this week:
1) Goldman Slumps - the US investment bank reported its lowest quarterly profit in almost six years, weighed down by falling trading and investment banking. Was this unexpected? What does it mean for the fate of CEO David Solomon?
2) Tesla’s profit margins slipped in the latest quarter as a series of price cuts this year weighed on its earnings and Netflix's password-sharing crackdown pays off with nearly 6mn new subscribers. We take a look at what we've learned from their latest corporate earnings reports.
3) Has the UK finally caught a break as inflation fell to a 15-month low resulting in the British Pound trading back below 1.3000 and traders reigning in their rate hike expectations for the Bank of England.
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