0. 4 . Then this afternoon, well get the feds beige book. As for earnings central, bank of america is expected to post earnings of revenue of 20. 2 billion. Other corporate headlines for you, General Motors, theyre going to be paying their first Quarterly Dividend on its common stock in almost six years. The stock rising on news in extended trading. Lets go now from autos if we can to air lines. A japan air boeing 787 now grounded at together yoeps ae airport today. Regulators there are demanding checks to see if the aircraft is fit to fly. Yesterday, white smoke vented apparently from the plane in a battery shell showing signs of melting. Boeing says the problem was discovered during scheduled maintenance. And the good news, no passengers were on board. On wall street, a Federal Reserve official is going to be telling lawmakers that regulators expected to write more rules. So all of the Big Department about Goldman Sachs carrying aluminum around. The rule could include higher Capital
On wall street. Yesterday we heard from j. P. Morgan and wells fargo. Brian moynihan is reporting a great Fourth Quarter. Scarlet fu has more in the newsroom. Break it down for us. Quarterly profit at bankamerica could quadruple in the Fourth Quarter thanks to approving credit trends. Relatively strong sales and trading numbers and a favorable tax rate as well. Earnings per share in the Fourth Quarter up . 29 compared to the consensus of . 27. Revenue coming in higher than anticipated, 21. 7 billion. Over the past month, eight analysts ratcheted it down. The bar was lowered. Pretax litigation expense. It is a noisy quarter because of these onetime items. A 2. 1 3 billion charge there. One investor who was on surveillance said he is not exactly sold on bankamerica yet, even though it is leveraging the bank economy. Because of the legacy issues that remain. Jpmorgan at ahead in terms of resolving the sales of defective mortgages leading up to the housing crisis. Rising Interest Rates hel
Growth forecast as the easing of austerity policies. Supports recovery now, 4. 2 . Mortgage applications have been going down since june. They are out at 8 30. P. M. , the fed releases the beige book. What have you done for me lately . Earnings. Before the bell, scarlet will be out all over this. Bank of america after the bell, cfx csx. Cold is a big deal. Michael mckee is famous for carrying vietnamese dong in his wallet. The president talked about the economy in North Carolina. Let me do a data check. The king at stocks, bonds, currencies, commodities. We are up. We have been churning euro dollar. The nymex crude recovers a little bit, but there is a dampening thing going on looking at the global economy. On to our next screen. The idea of the vix churning again between the 11 handle up to 13. We have come back nicely in the last two sections. This is important. The dollar has gone nowhere. You see that in the dollar index spot rate. 1. 0972. Eakens that secondarily, the turkish lira
Happening . Moynihan spentan time in washington meeting with people. I do not think his story is over yet. Why is that . Idea, anyt have any facts, but i would doubt they get off that lightly. You look at how much jpmorgan has been targeted, and it seems like we are in an environment where the government is out for blood. It is bank of america next. Who knows, but i think Brian Moynihan has been a hell of a job. These guys will go as far as they can go. Jpmorgan i thought was done, and then they came after them on madoff. There is never an end to this ticky bank attack piggy bank attack. I hate it. You do not think it is justified . The scale of these things are wild. So were the losses, the issues were high scale as well. You cannot fight the government. They win. When they come after you for a number like this, it is now becoming they repaid. Off. Ake mad off sec was told about mad and they threw it away. Jpmorgan, give me a break. What about the bad mortgage tons, bundling up mortga
Speaker of the house of representatives. The speaker pro tempore pursuant to the order of the house of january 7, 2014, the chair will now recognize members from lists submitted by the majority and minority leaders for morning hour ebate. The chair will alternate recognition between the parties with each party limited to one hour and each member other than the majority and minority leaders and the minority whip , but in o five minutes no but in no event shall debate continue beyond 11 50 a. M. The chair recognizes the gentleman from california, mr. Royce, for five minutes. Very ce well thank you much, mr. Speaker. And this saturday, on january 11, people throughout our country here, people throughout the world will be observing Human Trafficking awareness day. The start of this new year, i think, is a fitting time to focus on the shameful fact that human slavery is not a relic of ancient history, that in fact its with us today, its a brulal reality, a reality faced by more than 20 mill