Lisa but interestingly, they also took down their loan loss estimate, so that basically speaks to the strong consumer. The question is if wall street revenues dont pick up and trading volumes dont pick up, will it be enough to have a strong consumer to drive Bank Earnings Going Forward . David it is not just jp morgan. It is also Johnson Johnson. We got earnings from them, and they beat on earningspershare and revenue. 2. 58,spershare was revenue was 22 billion. It was driven by pharmaceuticals, but most of the queries will be about the legal complications from opioids and talchis asbestos in allegation. Lisa it will be interesting how they frame that. David we will have more on j js earnings later this hour with joseph wolk, Johnson Johnsons cfo. Climbing a little bit. The dollar getting a bid, and to year yields up just a basis point. David at 7 30 this morning, Goldman Sachs reports secondquarter earnings, followed by wells fargo at 8 00. At 8 30, the u. S. Releases retail Sales Num
Proposali think the has huge potential, and i think the challenges for the transaction of the exchange for services and so forth, today, still has lots of obstacles to be overcome, including that of security and privacy. Nonetheless, we look forward to observing and participating in this because i really do think it is the wave of the future. As senator tillis said, we are either going to be responding to it or actively involved and running from it. Thank you. Senator cortez . Senator thank you very much. We appreciate you being here and answering the questions. This is obviously very innovative for all of us and exciting. Have a couple of questions if you thought through some concerns many of us have. One for me is something i dealt with in nevada as the attorney generals the issue of Money Laundering. I know there is clear Regulatory Oversight we have now to address Money Laundering that comes in so many forms, but one is terrorist financing that moneylaundering supports. How will th
Good afternoon from asia. Im Francine Lacqua in london. Stoxx 600 down. We are expecting more choppy trading on the back of the testimony this week from jay powell. Prospects after we had conflicting signals from the world economy. 1. 12. Ollar coming up, paul the fx calls all the fx calls with david bloom. Tensions between japan and south korea are threatening to wallop much now depends on whether shinzo abe and moon jaein can work out a compromise. A cycle of measures and countermeasures would not be ideal for both countries but if south Korean Companies begin experiencing actual damage, the government would have no choice but to respond as necessary. I hope it does not come to that and we urge japan to withdraw its measures. Greece primenew minister has a new finance minister. One of the first tasks will be to renegotiate. Epstein being held at a Correctional Center in new york as he awaits a bail hearing on charges of sex trafficking and conspiracy. The charges include sex acts 14,
Lets get a check in on the markets. European equities are pretty flat. The stoxx 600 struggling for direction. You heard and the headlines, three key things we heard. The dovish message from Jerome Powell reiterated and we got better than expected data in terms of retail sales and factory output, pushing the 10 year yield up. It also pushed the dollar higher and we hold on to those gains. The question as whether President Trump can have the weaker dollar at the same time as a strong economy. And can he have gains in stocks as the same time as a trade war continues . As you made those comments, the s p 500 took a hit, dropping for the first time in six sessions. Coming up, we speak to the oecd secretarygeneral. Dont miss that interview live. Lets get bloomberg first workers. Word news. The u. S. House voted to condemn comments from donald trump that are racist. Week, he tweeted for congresswoman should quote go back to where they came from. Trump says he is not racist and does not have
That is hurting profits. David they were downing trading but they were expecting to be down in trading. Its all about net Interest Income. It sort of like wells fargo yesterday. More nettually Interest Income than last year that it was below what is expected so they are getting punched a little bit. David we will keep our ought alix we will keep our eyes out especially in that conference call. We are in a tight trading range. The tightest weve been in since nine days over the last week and a half or so. Eurodollar pretty much flat. In the 10of Movement Year as well. Crude up by 8 10 of 1 . I felt like a left and came back and everything was the same. Pretty much steady as she goes. David things will really happen now. Eddie 30 we will get used u. S. Housing starts at 8 30 we will get u. S. Housing starts. Facebook has it second day in congress on his liber proposal before the House Financial Services committee. At 12 30 we will hear from Esther George on the Economic Outlook. After the