Citis analyst call is getting underway. Jp morgan had their analyst call. Those stocks are now lower. Sonali basak has been on the call and joins us now. Why the rollover here . What has been the take away so far . Sonali we saw lower Loan Loss Provisions than initially expected, but at the same time, theres a lot of uncertainty ahead. Reserves releasing slowly because we dont know what the economy is going to look alike the future. Jamie dimon told media this morning that there could be considerable suffering if we do see a dip in the economy, and we are on a day where we are seeing coronavirus cases up a bit. Asking a and analysts lot of questions this morning about Net Interest Income and kind of securities that could pose to executives pushing back, saying they are not about to change their Business Models on what they view as temporary headwinds. Getting some breaking news, so hold that thought. The wto is coming up with its news relating to the airbus boeing case, awarding 4 bill
It is april 24, 2020, this is Worldwide Exchange on cnbc good morning. Welcome wherever you may be watching i am brian sullivan. I think i speak for everybody when i say tgif. It has been a rough and wild week indicating we may not get another break today. Lower now off about 100 points the index lower on the week with the dow, s p losing between 2 and 3 that looks now to continue those losses today crude oil is down 30 since monday prices are lower now if we extend physical guidelines to summer, that could keep gasoline and jet fuels low. One of the biggest World Storage producers will give us the story. That has certainly been a market mover. In asia, plenty of red across the board. Japan down nearly 1 shanghai and kospi also down more than 1 to close out their week stocks in asia declining largely on report of doubts from treatment from Gilead Sciences to the trade in europe, early following the foot steps of asia markets there are sharply lower with major indices all down 1 or more
Enough, it sets up another round for congressional shenanigans that already hurt Small Businesses. Well get reaction from republican congressman french hill from arkansas. Attorney general bill barr is ready to throw the constitution at states. Jenna ellis joins me in a few minutes. Huge breakthrough in coronavirus testing. All that and much more on making money. Charles so the market rebounding after two days of selling off. You know what . It was a big selloff, nowhere near what weve become accustomed to. Crude oil prices which stablized. Earnings season is ramp up and some hits and misses have been reported, mostly beats but the lack of guidance has been hurting the market. The Market Holding on to gains after a real shaky start to the week. There is a lot of moving parts to the market. I want to get to all of them. Joining me two of the best, kaltbaum Capital Management Gary Kaltbaum and Money Map Press chief investment officer, keith fitzgerald. Lets start about earnings. I dont a
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