Day. Pete, i come to you. Jpmorgan the quarter was good Loan Loss Provisions were surprisingly good. The commentary today is a surprising show of coronavirus resilience thats what i just read. Why is the stock down . You know, initially it had a nice pop to the up side, scott i think people step back and say the financials, we need to hear a lot more about what theyre going to be able to do at some point in time thats outside of the trading spot because thats another area the Loan Loss Provisions, you just brought that up but how about the trading numbers . The trading numbers are outrageous for them and for citi that is an area we expected to be strong. It was Even Stronger than expected but theres more to the bank than that. I think thats what were going to be struggling with for a while with these financials. And when you look across just about every name, scott, other than Something Like a black rock, asset manager. When you look at the banks and the financial world there, they jus
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
Good afternoon. Please welcome congresswoman cindy axne. [applause]. Hello, polk county how are we doing today . Very exciting to see everybody here. Will does so much to help the party. Thank you to all the volunteers today. We appreciate your help. Thank you to the great electives, and the candidates running. Dont we have a great ticket in iowa . [applause] i am excited to be here today. We are just a little over two weeks out from the election. Many of you know last time when , i was running, i thought it was the most important election of our lifetime. And it was. And in many ways, i still feel that same way. Had you not helped me flip the house here right out of iowa, i do not know what we wouldve done if we did not have the Democratic House majority to stand up against this administration. [applause] so thank you for all that you did. We have been out in washington visiting our districts to make sure that we are bringing the voices of iowans to washington. Families that are doing
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
Over one point. President trump won iowa in 2016. Good afternoon. Please welcome congresswoman cindy axne. [applause] cindy axne. [applause]. Hello, polk county how are we doing today . Very exciting to see everybody here. Will does so much to help the party. Thank you to all the volunteers today. We appreciate your help. Thank you to the great electives, and the candidates running. Dont we have a great ticket in iowa . [applause] i am excited to be here today. We are just a little over two weeks out from the election. Many of you know last time when , i was running, i thought it was the most important election of our lifetime. And it was. And in many ways, i still feel that same way. Had you not helped me flip the house here right out of iowa, i do not know what we wouldve done if we did not have the Democratic House majority to stand up against this administration. [applause] so thank you for all that you did. We have been out in washington visiting our districts to make sure that we