The way will trigger some stronger thunderstorms. Downpours are Biggest Issue with damaging win and we will see, fresh lightening strikes too. It does look like the timing will be about five to 9 00 p. M. Give or take depending on how fast this thing gets in here but in the meantime, we have to a allow for the possibility of some small hail, or even a tornado. It is never a guarantee but atmosphere may be ripe for that to take place. We will keep a watch on it. We want to you also keep it here to cbs3. We will keep you up to date, and informed obviously as things do start to evolve. For now we are at 77 degrees at philly international. Mid to upper 60s in allentown aint mound poconos area we have rain cooled air up there. We did see a front crossing through, stalling nearby so we are still warm and steamy. Further north you go we have a clash going on there. Cooler dryer air that will eventually start to move our way. For now watch it for those storms guys, later in the day, maybe init
Precursor of what comes later. We will start off with these showers. We will catch a midday break and then eventually this moves in. You can see the heavier rain right new rolling in western lake erie, this is all eventually going to help reignite a fresh round of potentially severe then are storms, the timing of which looks less than eye tiehl for all of the typical evening commuters, about 5 00 to 9 00 p. M. That is window for thunderstorms to rumble in, basically north west to south east as they so often do with the way the movement of the atmosphere tend to be. In the meantime right new we are at 77 at philly international. Seventyfour ac. Slightly cooler by comparison but still muggy in the poconos and around the resorts, you are talking upper 70s in the mountains but everybody is fair game here to see the stronger or severe thunderstorms, rumble in at some point. So while i do think we will catch a break to see some sunshine here by midday that is only going to help ignite any of
Welcome. Why has your stock risen . Brian i like to take credit, but if you think about what the election has sparked, Interest Rates will go up, and they anticipate a better economy. The fed has been signaling it. It would be a surprise if it didnt, quite frankly, rates going up. But mostly, a view that regulation, even if it doesnt go backwards, will go forwards. That is good for a banks ability to turn capital. And its good for growth. At the end of the day, if capitalism succeeds, the economy grows, and banks facilitate that. Charlie will rising Interest Rates create a dramatic increase in your revenue . Brian its a significant amount of revenue increase. It has been a long time at low rates, and the Business Model does better at a little bit higher rate structure. From the consumer side, the rate structure is still very low and very accommodate of two economic activity. Just because the fed funds may be 25 basis points, thats extremely low in historical context. Charlie is the mar
Welcome. Why has your stock risen . Brian i like to take credit, but if you think about what the election has sparked, Interest Rates will go up, and they anticipate a better economy. The fed has been signaling it. It would be a surprise if it didnt, quite frankly, rates going up. But mostly, a view that regulation, even if it doesnt go backwards, will go forwards. That is good for a banks ability to turn capital. And its good for growth. At the end of the day, if capitalism succeeds, the economy grows, and banks facilitate that. Charlie will rising Interest Rates create a dramatic increase in your revenue . Brian its a significant amount of revenue increase. It has been a long time at low rates, and the Business Model does better at a little bit higher rate structure. From the consumer side, the rate structure is still very low and very accommodate of two economic activity. Just because the fed funds may be 25 basis points, thats extremely low in historical context. Charlie is the mar
Bankamericas share prices have risen more than 30 . I am pleased to have Brian Moynihan back at this table. Welcome. Many things to talk about. So why have your stock prices moved up 30 since the election . Brian i like to take credit, but if you think about what the election has sparked, Interest Rates will go up, and they anticipate a better economy. The fed has been signaling it. We will see. It would be a surprise if it didnt, quite frankly, rates going up. But mostly, a view that maybe regulation, even if it doesnt go backwards, will go forwards. And you will have a more balanced discussion. That is good for a banks ability to turn capital. And its good for growth. At the end of the day, if capitalism succeeds, the economy grows, and banks facilitate that. That is good for banking and the u. S. Will be particularly successful. As a bank. America charlie will rising Interest Rates create a dramatic increase in your revenue . Brian its a significant amount of revenue increase. It ha