Oh say can you see by the dawns early light what so proudly we hailed at the twilights last gleaming whose broad stripes an bright stars through the Perilous Fight O Er The Ramparts we watched were so gallantly streaming and the rockets red glare the bomb bursting in air gave proof through the night that our flag was still there oh say does that starspangled banner yet Wave O Er The Land of the free and the Home Of The Brave [cheering and applause] wow. Will so incredible thank you so much mary. Amazing. Rachel thank you. Mary millben on national, National Anthem day incredible performance by someone who has performed four consecutive president s. Rachel sometimes people sing and which was such ease a difficult song. And with such beauty that you just are reminded of god because that talent can only come from god i see her. I listen to her voice, and i think god why didnt you give me that [laughter] pete that last note and hit it and hold it to do it with that kind of power and boldnes
Consumer price data as well as retail sales ecodata. Noon, federal fed president Patrick Harker gives an Economic Outlook street speech. 12 45, the president has his annual physical exam at Walter Reed Military Center. Emma chandra has the first word news. Emma lets get you caught up on the headlines. The United Nations calls President Trumps remarks about immigrants shocking and shameful. He is said to have used foul language speaking to lawmakers about why the u. S. Accepted immigrants from haiti and africa but not places like norway. President trump will not say whether or not he has spoken with kim jongun. He refused to comment but says he probably has a very Good Relationship with the dictator. A germany, there is preliminary agreement and four months of political stalemate. According to people familiar with the discussion, chancellor Angela Merkel and the Democratic Party have attempted to form a new government, using more government involvement in education and changes to Health
End of the tuesday session. We are up for the second day in three today. Basic resource stocks are falling. Oil stocks are falling for the first day in 10. Earnings driving the rally in the u. S. We have the worlds biggest maker of highend chocolates today missing its already reduced sales growth target thanks to poor demand in north america. It said it was optimistic for the outlook. It did confirm its midterm target. Completing the acquisition of russell stover, the biggest maker of boxed chocolate. The third biggest producer in the region. Shares have lifted by 3. 5 today. Lets talk about the correlation between the euro and euro zone stocks. The negative correlation between the single currency and eurozone stocks to the lowest level since early august. Bottom line is the negative correlation. Not as low as it was. Interesting growth momentum is the most important driver of aggregate earnings. Goldman sachs expects a 1 interest in gdp weighted according to sales exposure. Adds 11 ba
Bank of america, saying they expected benefit from higher Interest Rates and a lower Corporate Tax rate. Brian moynihan says that pretax earnings rose year on year. There is what it is doing, up by 3 10 of a percent. Not Much Movement either way. Allison is joining us. Surface this looks like a pretty solid report. Walk us through it. Allison still going through the numbers, but so far so good. Trading is a number we always look at, a little bit better. Fixed income is a little better, equities a little better, in banking they had a oneoff charge. David who do we think that might be . 880 million driven by a single name, nonus commercial chargeoff. David South African maybe . Alix steinhoff . Allison and i guess the surprising thing would be if you did not see it. Alix it is exposure i think. Allison we were joking the other day, the term episodic, but that is a better term than a oneoff or not occurring, because it is the cost of doing business. David the other thing we do not see is