Shutdown May Delay U.S. Jobs Report, Zentner Says

Sept. 30 (Bloomberg) -- Ellen Zentner, senior U.S. economist at Morgan Stanley, talks about the prospects for a U.S. government shutdown and the potential impact on the economy and markets. Zentner speaks with Sara Eisen, Tom Keene, Matthew Dowd and Scarlet Fu on Bloomberg Television's "Surveillance." Stanley Collender, national director of financial communications at Qorvis Communications LLC, also speaks. (Source: Bloomberg)

Ermotti: UBS Operating in a `Challenging' Environment
03:38 - UBS Group AG said profit slipped 14 percent in the second quarter as both wealth management and investment banking generated less revenue during a rocky period for markets. Net income fell to 1.03 billion Swiss francs ($1.05 billion), from 1.21 billion francs a year earlier, the Zurich-based bank said in a statement Friday. That beat the 668 million-franc average of five analyst estimates compiled by Bloomberg. UBS CEO Sergio Ermotti told Bloomberg's Manus Cranny in Zurich the lack of visibility has an impact on clients’ risk aversion, saying “at this stage, our job is to stay close and try to find the right risk profile for clients. Many of them want to be extremely conservative.” Ermotti added that Brexit is posing “a lot of challenges” to the U.K. and the rest of Europe but UBS has a “high degree of flexibility.”
  • Negative Rates Have Had Limited Impact, Says Parker
  • Policy Decision: Did the BOJ Do Enough?
  • Hong-Kong America Center: Clinton Will Get a Bounce