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And we expect a normalization of that. But you need to remember as well that in our case, we have been working to stabilize, grow the franchise, recover some market share, so what we are pleased to see is that underneath that sort of outperformance in the market environment that we have been in, we have seen really good franchise stabilization traction , client engagement, improvement in clients. We think that bodes well for the future. You are expecting slightly higher revenue for the full year. Not too conservative now given what we have seen in the first half . It it would be james would be a normalization but i think an improvement on last years second half. Again, especially in our businesses, where a year ago, we were going through a restructuring and there was some uncertainty around our people and franchise, so with that now behind us, we see momentum in the core business, and we would like to see a secondhalf performance well ahead of last years second half, but we will see ho ....
Miami is extraordinary. Francine it is. What we are seeing in the u. K. , ester 10 daysc ago. It seems authorities have a better handling to track and lockdown onng this this city instead of everything. Very different in the u. S. Where cases and deaths are rising and at record highs. Tom amazing to see the acceleration in the death rate in some of these states. For our international audience, it is in america, riveted by this virus. Ritika morning. Coronavirus milestones climbing in the u. S. , new cases climbed over 60,000 in one day for the first time. Florida,lifornia, Record Number of deaths. New york city events requiring permits have been canceled through september. The u. S. Is set to take the next step in a battle with france over taxes on technology giants. The u. S. Will impose tariffs on 700 million in french goods including wine, cheese and handbags. Biden has laid out a plan that will make americas economy better than ....
Pound hole in its bottom line. Auto aid renault struggles to restart production amid faultering demand mixes messages from the hill was fed chair and secretary mnuchin give different assessments of the speed of the recovery they also seek to defend their stimulus measures from accusations they are propping up wall street at the expense of main street. Main street is in a class by it self really. Diverse small, medium and Large Companies different credit needs, some credit based, some asset based. It is a really complex undertaking. A warm welcome to the program. Lets kick off with the top corporate story. Marks and spencer has reported more than 20 decline. The company added that it with also accelerate a restructuring effort aimed at trimming costs during the pandemic. Lets get to steve who joins us outside an m and s store in london theyve been struggling to restructure for years now. Is it going to be different this time aroun ....
We speak with the c. E. O. Imminently. After that Deutsche Banks c. E. O. Joins us. No moves expected from the fed but markets will want clarity on the pace of asset purchases. Before then, First Quarter u. S. G. D. P. Will show the initial virus damage. Magnus they will. Or not. Eantime damage Deutsche Bank, lets get to the eadline. Weve seen this reflected across the spectrum over credit suisse. Good volatility. The americans also doing quite nicelyful. But when it comes to credit loss provisions for this year, youre looking at 35 to 45 basis points of loans. In basis point term , the outflows on management side of 2 billion. Two billion ewe roes, excuse me. A triumphnt 1. 5rk the market accounts for 1. 69. This has been the lead number there is a live on the blg there. The credit loss vision 25 to 75 points. Nejra dont m ....