GZERO Media logo

What to expect for second-quarter earnings season; H2 2020 outlook

Betty Liu, Executive Vice Chairman for NYSE Group, provides her perspective:

What are analysts expecting, going to the second quarter earnings season?

So, this earnings season has just started this past week, you saw banks kick off their reports. And as you can well imagine, analyst estimates are pretty much all over the place. And part of that is because a good number of companies did not provide guidance. Now, according to some estimates, some analysts estimates, we could see an earnings season decline or earnings decline as much as 44% this time around. That would be one of the biggest declines since 2008, the prior crisis.


What is the outlook for the second half of 2020?

Well, that's the million-dollar question. What is going to happen the rest of the year? So, nobody knows, right? But there's a few factors that we're going to be watching to see how companies perform. One is going to be watching the number of coronavirus cases across the country. And the second, of course, is watching the results of the November presidential elections.

Urbanization may radically change not only the landscape but also investors' portfolios. Creating the livable urban centers of tomorrow calls for a revolution in the way we provide homes, transport, health, education and much more.

Our expert guests will explore the future of cities and its implications for your wealth.

Learn more.

We live on an (increasingly) urban planet. Today, for the first time in human history, more than half of the world's population (55 percent) lives in cities. By 2050, that figure will rise to more than two-thirds, with close to 7 billion people living in urban areas. Cities have always been centers of opportunity, innovation, and human progress. But they are also often on the front lines of the major political and social challenges of the day. Here are three areas in which that's true right now.

More Show less

Europe's second wave: After a brutal spring in which Europe emerged as a coronavirus epicenter, the outbreak largely subsided across the continent in the summer, allowing many Europeans to travel and gather in large groups. But now, a second wave of infection is wreaking havoc across Europe, with the region reporting more than 1.3 million cases this past week alone, according to the World Health Organization, the highest seven-day increase to date. Former coronavirus hotspots like France, Italy, Spain, and the UK are again grappling with a record number of new cases that could soon dwarf the out-of-control outbreaks seen this past spring. Meanwhile, countries like Germany, Poland, and the Czech Republic that staved off massive outbreaks in the spring are also seeing an unprecedented number of new daily cases. As Europe now accounts for around 22 percent of all new COVID infections worldwide, hospitals in many cities are being swamped as many struggle to source life-saving equipment. As a result, Spain declared a national state of emergency Sunday, imposing nighttime curfews, while Italy imposed its strictest lockdown since May. Europe's Center for Disease Prevention and Control warned against complacency, noting that while transmission is mostly between younger people, keeping the death rate low, that could swiftly change if Europe doesn't get the virus in check.

More Show less

3: Armenia and Azerbaijan, currently at war over the contested Nagorno-Karabakh region, traded accusations of violating a new ceasefire just hours after it came into effect on October 26. This marks the third ceasefire that's been breached since violence flared last month.

More Show less

Nicholas Thompson, editor-in-chief of WIRED, helps us make sense of today's stories in technology:

Why is the Department of Justice suing Google?

Well, they are suing Google because Google is a giant, massive company that has a dominant position in search. In fact, on your phone, you almost can't use any other search engine or at least your phone is preloaded with Google as a search engine and you probably don't know how to change it. The Department of Justice alleges that Google has used its power and its muscle to maintain its position, and that violates the antitrust laws.

More Show less
UNGA banner

GZEROMEDIA

Subscribe to GZERO Media's Newsletter: Signal

Cities on the frontlines

Living Beyond Borders Articles

The Graphic Truth: Urbanization around the world

Living Beyond Borders Articles

The Graphic Truth: Where will the next megacities be?

Living Beyond Borders Articles