Event. My name is donna and i have the honor of serving as the dean of the school of business as you may realize 2020 marks 100 years of purpose driven education. Since our inception, we believe that the power of partnerships to explore and lead change. I very much would like to thank the center for Global Security analysis and wonderful partners in American Finance and the society of new york sponsoring todays conversation. The centennial series was designed to shine light on emerging and important trends. One of the things we realized as reflectinisreflecting on our hiy provides insight into the current challenges that disrupted and changed industries and Business Models. Todays session focuses on the challenges that the leaders at j. P. Morgan chase and company faced and survived. As seen in the latest book j. P. Morgans fall and revival, how the wave of consolidation changed americas premier bank. I am proud to say j. P. Morgan is the largest of the graduates and i know many on the
Handle on the vix. Towas really extraordinary just sit there and observe the turn in the markets yesterday. It continues this morning. Surprise, in an election year, we are thinking about infrastructure. A 1 trillion infrastructure on deck, according to reporting in washington, d. C. This shouldnt shock anyone. Tom not at all. As i said earlier, everybody tunes into you. They dont tune into me earlier. I get that. But to the people out there, it is a bridge to nowhere in kentucky, a bridge to nowhere in San Francisco for speaker pelosi. I guess the president can put a bridge to nowhere in florida. It is all about politics. You just say to yourself, why cant this happen . Why cant this get done . I dont have a straight answer. Jonathan i dont have a straight answer either. They are not here for me, tom. They are here for lisa. Lets talk about the data. Retail sales on deck. A series of upside surprises in the United States weve had in the Economic Data for much of the last month. Lisa y
Performance of all time. We are looking at limit up with dow futures and the etf slightly more than that looking at the treasury market the yields have been all over the place. Weve watched the 10year go from. 4 to 0. 85 . Andrew a huge lineup for you this morning, in about 30 minutes, new data from the china books about how ugly the hit to the First Quarter may be at 7 15, well talk to the ceo of lab corp about the ramp up for testing. At 7 30, well talk about the hit to our economy with Starwood Capital. Last time he was on, he was bullish in the face of the bears. And at 8 00 a. M. , the ceo of boeing, dave calhoun so many questions for him. At 8 30, joining a growing chore yus of voices. Global cases have topped 38,000 including 300,000 in the United States. New york city with the biggest hotspot. 13,000 confirmed cases in the city new york state accounts for half of the confirmed cases in the United States. China says the lockdown in wuhan will end on april 8. Cnbc is bringing you
Season jpmorgan crushes estimates, citi and wells are mixed ahead of the open. Plus sustainability is becoming the new standard, blackrock ceo saying the Climate Crisis is about to trigger fundamental reshaping of finance. And the tesla rally rolls on shares now up more than 100 in the past three months alone. Well start with bank earning, jpm, chase, citi, each posting better than expected results. Wells fargo shares moving lower on its miss. New ceo charlie sharp our cost structure is too high and i believe there are many areas where we will be able to increase our rate of growth. Efficiency really the story on wells, jim well, i got to tell you, im a total believer in Charlie Scharf and what he did at visa hes the most technologically inclined ceo in the bank group it has the most opportunity after this washout it is a washout. I dont think charlie will waste any more time. He has to address these things and he will. In the meantime, jamie diamond, what can i say about jpmorgan . It
Investment committee is ready to go Halftime Report starts right now. Welcome good to have you with us on this thursday, the first trading day of 2020. Our Investment Committee here today. Lets begin with the markets its the first day another record setting day for the major averages there you go right now dow off its best levels, not by much new record high, 28720 nasdaq back above 9000 s p 500 positive as well the russell is a drag. But for the most part, its the same story semis hitting fresh new highs. Apple extending its record high. The beat goes on. What im particularly excited about are the International Charts i know a lot of american investors say what do i have to Pay Attention to that for . Its note worjnoteworthy were g with countries in europe up around 1 , looking better than our markets. Germany is up over 1 . European banks this morning as a group are up 2 . European Technology Names as a group are up 2 . This is noteworthy emerging markets is up double what the s p is