Out of the woods. For more on this were joined by boom bust cohost chrystia and former fed insider danielle de martino booth danielle fed minutes are in focus today and are specifically investors are going to be focused on inflation averaging an extended rate guidance this is these are the last minutes before the election thats just weeks away give us some color on that and how is the market digesting this latest update. Well so i think the market is interpreted in todays minutes as saying the fed is standing ready to monetize to print money to satisfy any stimulus spending that comes out i think the obviously the hurdle here is is actually Getting Congress to act but again the fed is showing a willingness especially with what powell said yesterday. There was no way that there could be too much stimulus and that is fed speak for saying whatever it is if its 2 or 3 or 4 trillion dollars whatever the price tag is however many treasuries are issued we will buy them in the open market and
Expectations, both stocks falling. We mentioned somebody was listening in on the Conference Call and it caused that trader to hit the sell button we wont tell you which trader it was just yet. Tim, it wasnt you what did you make of the Conference Call . I think you have a case here where clearly the numbers on the headline looked fantastic. But what was really causing that, that was about provisions, that was about credit quality. Which, its strange because we were complaining that we were fearful that the banks had bigger credit issues that were being possibly seen on the headline and therefore they were putting aside the major reserves what jp morgan look, that beat was a combination of some very strong Investment Banking and fic business but alsos the provisions that came down. Thats something we should everyall be encouraged about with banks bus i think there is more where that came from. But there was some sense this was the only reason. Net margins fell 14 basis points i think ba
High end model with the biggest screen yet but shares are slipping after yesterdays big gains. Banks but are in the red a busy afternoon 59 minutes left of trade the dow down 157 or so. Lets get to the big stories. Josh lip ton has the latest from today as apple each. We have the latest on eli lily and we have the Broader Market action josh, apples shares are slipping today, but still higher so far for the week. Wilf, apple bulls will argue what you saw today is the start of a new iphone super cycle. We have to wait and see whether consumers though are just as excited. Tim cook introducing the companys first new 5genabled iphone, the iphone 12. It will be available in four versions, different sizes starting at 699 for the mini, which has a 5. 4 inch display to the max, which has a 6. 7 inch display and costs 1,09 9. The transition from 4g to 5g is complex. Some argue 5g coverage is spotty right now. Though it could act as a catalyst helping to bring the technology to the mainstream won
Democrats turned to a man who wanted to be president , the democratic primary voters did not share that desire so former Governor John Hickenlooper is back running for the senate, the job he said he didnt want and wouldnt be good at. Two men coloradans know well with clear disagreements on healthcare, the economy, immigration, the supremecourt and how to handle the pandemic. Now all thats left is for them to debate and you to decide. In association with colorado politics and broadcast statewide by stations in every corner of colorado is a live from the campus of Colorado State university in fort collins, next presents race for the senate, here are your moderators, kyle clark and marshall bellinger. Next expands to a commercial free our statewide this evening. For this u. S. Senate debate. We are following Public Health guidelines as well as guidance from our host set Colorado State university we are holding this debate with an without an audience, with social distancing and Health Chec
Not share that desire so former Governor John Hickenlooper is back running for the senate, the job he said he didnt want and wouldnt be good at. Two men coloradans know well with clear disagreements on healthcare, the economy, immigration, the supremecourt and how to handle the pandemic. Now all thats left is for them to debate and you to decide. In association with colorado politics and broadcast statewide by stations in every corner of colorado is a live from the campus of Colorado State university in fort collins, next presents race for the senate, here are your moderators, kyle clark and marshall bellinger. Next expands to a commercial free our statewide this evening. For this u. S. Senate debate. We are following Public Health guidelines as well as guidance from our host set Colorado State university we are holding this debate with an without an audience, with social distancing and Health Checks for everyone here including our candidates for u. S. Senate, republican Senator Cory G