Across the curve in the u. S. We also have some powerful services in europe, bunds one of the biggest underperformers, yields higher. We also have jpmorgan and we are getting some headlines that i wanted to highlight, net to 55t income of 54 billion. They are also targeting, if you take a look at the pretax income compared with 40 in the last year. David it looks pretty good. And that return on tangible capital, we are all projecting broad numbers. Alix and we see them benefit from tax reform. David and in the meantime, discover communications came out with their earnings, 636thquarter adjusted is over the projected 612. , so it Beat Estimates looks like they are having it good day. Alix yes, indeed. They are also looking for some doj clearance and are looking for that information. David it is now time for the morning brief. Jpmorgans investor day begins with remarks from the ceo, no doubt about the things we just talked about. Also 8 00, macys will release earnings. And then we will g
At the bottom of the statement. New fed vice chair for supervision Randal Quarles casting his first vote. It is all about who donald trump taps to be the new fed chair. If it is going to be governor howell,ell jay get might have made for interesting conversations. The latest word from the white house is we will get that decision tomorrow afternoon. We should mention that even if janet yellen is not renamed renominated, she is gone but not forgotten. She has two more meetings to preside over, december and january. Tom i have to go with a double prediction. Powell or taylor . Lets say it is Michael Mckee, and far more important, dodgers or astros . You have mike to go with the home team and say the dodgers. The papers tell me it is going to be jay powerll. Idea of where the economy is given low gdp. Some people say it is below 2 . To this any umph economy that gives the fed the ability to move beyond december 13 . Mike there is nothing that would change the outlook at this point, which i
With the critical model three delays, proving hotter than expected. A. M. , thisst past 9 is daybreak astray which is an hour away. In newust after 6 p. M. York. Im betty liu and we will be looking at the action on wall street and how that will play into the asiapacific trading. Heidi, no doubt we are following these headlines coming across about jay powell being named the next fed chairman. These are all according to reports of the wall street journal coming out first with these reports. Haidi, given the speculation over the last several days . Haidi absolutely. As you mentioned, the muted response from u. S. Markets. It just surging a little bit higher. Powell essene is the next best thing to continuity other than janet yellen staying at her job. Betty it is safe to say some economists coming out that it is yellen 2. 0. Maybe there will be not a lot of change. Why the markets didnt react too much. Equity markets and the training trading session. Mostly shrugging off this news that te
Reading of the history of the fed. R more importantly is to look forward to what we presume chairman powell will do. Scarlet that enough it will come at around 3 00 p. M. Eastern time. He is set to make an announcement in the rose garden. Michael what do we really know about jay powell . A lot of people expressing ancerns about him not being economist. He went to princeton and georgetown law. He was a lawyer but went into investment trading and he worked a number of the biggest houses on wall street. Deals and then he went into government and worked for George H W Bush funding the government and supervising financial institutions. A lot of experience before joining the fed. What do we know about what he wants to do . Let us take a look at some of the things we know he has told us. He knows that economy is growing at about 2 , and we are close to full employment. Inflation is going to move up to 2 , according to mr. Powell. Low productivity is the biggest reason we seeing depressed wage
Julie hyman is here to bring us up to speed. Julie we ended last week with records. The streak continues. A muted fashion. The dow and s p, little change. Of deal talkt today, involving different companies. Abroad, and qualcomm. Lets look at the movers involved. Four percent. Qualcomm has said it would offer. Broadcoms is rising. Marvell Technology Make a bid. A deal makes sense. On the flipside, sprint is not ditchee like the last efforts to merge with tmobile died. Sprints shares plunging. Softbank is willing to reengage in charter talks. Those shares are trading higher. A lot of moving parts. We are watching Michael Cores s has the michael kohr convinced customers to come back to paying full price. Amd coming to a deal with dish. Being updateds over pivotal research. Analysts are citing the failed tmobile deal. Mark basic resources leaving the advance. Arabia is where our attention is today. The benchmark age. That was sunday. Fell in initially 2. 2 . Rose 3 . This is a today chart.