Morgan Stanley Tops Estimates

The transcript covers Morgan Stanley's financial performance, highlighting a significant increase in earnings and profit margin goals. It also discusses Federal Reserve Chair Janet Yellen's concerns about income inequality without suggesting specific policies. The transcript then shifts to the protests in Hong Kong, where scuffles occurred between riot police and pro-democracy activists. Finally, it addresses Bermuda's preparations for Hurricane Gonzalo, with potential severe weather impacts.

What was one of Morgan Stanley's key strategic objectives for its wealth management unit?

• To increase the number of employees

• To expand into new markets

• To reduce the trading revenue

• To achieve a profit margin of 22 to 25%

What concern did Janet Yellen express at the Boston Fed Conference?

• The widening income inequality

• The decline in global trade

• The rapid growth of technology

• The increase in unemployment rates

What did Janet Yellen not suggest regarding income inequality?

• Healthcare improvements

• Specific policy prescriptions

• Increased taxation

• Educational reforms

Where did scuffles between riot police and pro-democracy activists occur?

• In New York

• In Hong Kong

• In Tokyo

• In London

What measures did Bermuda take in preparation for Hurricane Gonzalo?

• Opened new shelters

• Closed its schools and International Airport

• Increased tourism activities

• Held a public festival