We begin with morgan which saw its quarterly profit jump more than 20 . Thats the good news. But the biggest bank in the u. S. By as sets missed wall streets earnings estimates. By comparatively five cents. Reporting profits of 1. 32 a share. Revenues 6 lower than a year ago at 23. 5 billion hit by volatile markets and continued low Interest Rates. They missed estimates, too. Shares were initially lower after the report as you see right there on that graphic. We take a look now at some of the big issues the countrys biggest banks are facing this quart. Reporter jpmorgan the first of the financials to report and with a miss to beat not a way to kick off a busy week of earnings. Bank of america, citigroup, wells fargo and Goldman Sachs out with their earnings in the coming days. All banks are likely to feel the effects of the macro headwinds we saw in the Third Quarter and those that affected jpmorgan, as well. First low rates, likely to squeeze margins even if they cause a short term up
Its quarterly profit jump more than 20 . Thats the good news. But the biggest bank in the u. S. By as sets missed wall streets earnings estimates. By comparatively five cents. Reporting profits of 1. 32 a share. Revenues 6 lower than a year ago at 23. 5 billion hit by volatile markets and continued low Interest Rates. They missed estimates, too. Shares were initially lower after the report as you see right there on that graphic. We take a look now at some of the big issues the countrys biggest banks are facing this quart. Reporter jpmorgan the first of the financials to report and with a miss to beat not a way to kick off a busy week of earnings. Bank of america, citigroup, wells fargo and Goldman Sachs out with their earnings in the coming days. All banks are likely to feel the effects of the macro headwinds we saw in the Third Quarter and those that affected jpmorgan, as well. First low rates, likely to squeeze margins even if they cause a short term uptick in loans like mortgages. T
Its quarterly profit jump more than 20 . Thats the good news. But the biggest bank in the u. S. By as sets missed wall streets earnings estimates. By comparatively five cents. Reporting profits of 1. 32 a share. Revenues 6 lower than a year ago at 23. 5 billion hit by volatile markets and continued low Interest Rates. They missed estimates, too. Shares were initially lower after the report as you see right there on that graphic. We take a look now at some of the big issues the countrys biggest banks are facing this quart. Reporter jpmorgan the first of the financials to report and with a miss to beat not a way to kick off a busy week of earnings. Bank of america, citigroup, wells fargo and Goldman Sachs out with their earnings in the coming days. All banks are likely to feel the effects of the macro headwinds we saw in the Third Quarter and those that affected jpmorgan, as well. First low rates, likely to squeeze margins even if they cause a short term uptick in loans like mortgages. T
Starting with the Swiss National bank. Not just the Swiss National bank well get to it with the huge shocking moves, in currencies, also the fact that india cut Interest Rates, even the bank of korea. What were seeing now is going to continue as europe then has to decide just what moves it will take next week folks. We are living in crazy times. A race to the bottom. Or as our friend in currency terms. The bond fire of the currencies. Exactly. Now people are starting to look at gold again. You have to wonder once this volatility settles down we will be able to get back to quote unquote basics or we are embarking on another experiment of historical proportions. Were he going to talk about all that and have a special show lined up to do that. Joining us jim grant by the way who called this on the swiss from the grant rate observer former Time Magazine chief Walter Isaacson and henry mcvie will give us his outlook for 2015. Looking forward to all those interviews. Dow giant intel is due o
Would be a smaller surface mini announced to take on the ipad mini, but instead the surface grew. It has a bigger, 12 inch screen and is thinner and lighter than previous surface pro models. And microsoft faces an uphill battle with this tablet. It had 1. 3 market share in the latest numbers, with apple leading more than 32 . Our editor at large was at the event and spoke with microsofts Corporate Vice president of devices and studios marketing. Corey started by asking him whats changed with the new surface pro. This is definitely a brandnew device. Uilt from the ground up. This surface pro 3 is the first device that is a full p. C. , intel powered, all the power to push microsoft office. A third of an inch thin. Super light, incredible screen, and its a tablet. The marketing message is very different for this device. Tell me about that. Well, basically what weve been trying to do as a company is find out how do we bring unique point of view to really differentiate and address the issu