July 9, 2019 Weekly Report

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Highlight of the Week

Deutsche Bank to cut 18,000 jobs by 2022

  • Bank expects to report net loss of $3.14b in 2Q, will cut 1 in 5 employees
  • Pullback in Investment Banking while structuring over 20% of assets into a bad bank
  • Chief of Investment Banking operation to step down amid Executive-level restructuring

Rate Curves

Screen Shot 2019 07 10 At 11.30.45 AM

Rapid Report:

Abelian Brand Mark

Markets continue to expect July rate cut

  • Though some analysts question the move, given recent strong numbers like the June jobs report

WeWork selling up to $4B in debt before IPO

  • Coworking office space management company seeks to shore up confidence troubles that plagued Uber and Lyft’s IPOs
  • Despite losing $1.9b last year, Goldman Sachs and JPMorgan Chase have agreed to structure the IPO and the company as an approximate blended valuation of $36b

Cameras are the new cashiers?

  • While Amazon gets credit for initiating the concept, other supermarket chains like Tesco are experimenting with cashier-less operations
  • Cameras would track customers choosing items throughout the store, and they could be charged by simply walking out the door

World Cup Champs

  • USWNT defeated The Netherlands 2-0 to claim the 2019 FIFA World Cup
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July 2, 2019 Weekly Report
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