Moving news from all around the world from frankfurt, to london, taiwan, our bloomberg two iowa, our bloomberg voices are on the ground. Commodities leading the charge for the quarter. Here for more is bloombergs sonali basak. Income net interest coming in above analyst expectations is a great thing for bank of america because it shows the bank is doing what a bank should do. That is loan growing, deposits growing. Investment banking mergers and acquisition fell short than expectations, but we are seeing that across the board. We want to see confidence among corporate clients now that we know consumers are holding steady. Alix what were some of the worries through the quarter . Sonali the expenses were up, but bank of america was a costcutting story. Something we are hearing from all of the banks is the propensity to keep investing because the cycle is getting competitive at this moment. Alix thank you very much. Now i want to go to the latest on trade. President trump is ready to sign
Really solid quarter. Beats in equity trading. Joining me is bloombergs sonali basak. What is the bigger stand out for you . Sonali this is five straight quarters of outperformance. They are doing a good job, while also investing in digital and growth. Likeeturn on equity, i that number because we can compare across all the banks. That is a lot far behind jp morgan. But they can lean on the consumer for growth, and their Net Interest Income in light of the Interest Rate expect asians we have for the rest of the year are Holding Quite strong right expectations we have for the rest of the year are Holding Quite strong. Alix they are factoring in just two rate cuts. Sonali their outlook is going to be very important. Jp morgan premuch told everybody it is not a big deal for the end of the year. Jp morgan pretty much told everybody it is not a big deal for the end of the year. Investment banking up 27 year on year. Advisory fees were up. Debt underwriting up. Equity underwriting a little s
An eyewitness says the suspect was cornered by members of the public. The fellow who was being accused was being punched. And then we pushed him over to the side of the wall where he was then standing and continued to just say yeah, i did it, i did it. After a deal over pay. To strike dates remain in place while members are working on the agreement. Firefighters say we need at least two more days to pump water from a reservoir to prevent the damaged from collapsing. And australia thrashed england in the first ashes test, winning by 2051 runs as they colla pse test, winning by 2051 runs as they collapse in their ending. President trump says americans must condemn racism, bigotry and White Supremacy. He was speaking after the two Mass Shootings in texas and ohio over the weekend that have left thirty one people dead. Mr trump has himself been accused by some critics of fostering a climate which encourages such attacks with his fierce anti immigrant rhetoric. But he described the killings
I dont know if the individual has the courage to ask that question. Is that possible . You want to do that . Ok. All right. I asked if that picture was you. Well, its part of me. This is Maurice Jacob weiner, my father. And this lecture is in honor of him. My grandmother, his mother, was functionally illiterate in english. Spoke yiddish. Never really learned the language. He graduated third in his class in high school and won a scholarship to law school where he also boxed and ran track. He was drafted at age 35 when my mom was pregnant, came home. Really didnt mind the war. Now, he was a nifty guy. And i think one of the main reasons im doing this tonight is because of him, because he used to have me sit while he shaved every morning, which was quite a scene. And he would quote the gettysburg address or quote from shakespeare but above all, he would talk about world war ii. So i knew about the battle of the bulge when i was five years old. I know the differences in the airplanes, all
Glad to see all of you here tonight. We had one burning question before class. I dont know if the individual has the courage, who asked that question. Is that possible . Do you want to do that . Ok. All right. I asked if that picture was you. Well, its part of me. This is Maurice Jacob weiner, my father. And this lecture is in honor of him. My grandmother, his mother, was functionally illiterate in english. Spoke yiddish. Never really learned the language. He graduated third in his class in high school and won a scholarship to law school where he also boxed and ran track. He was drafted at age 35 when my mom was pregnant, came home. Really didnt mind the war. Now, he was a nifty guy. And i think one of the main reasons im doing this tonight is because of him, because he used to have me sit while he shaved every morning, which was quite a scene. And he would quote the gettysburg address or quote from shakespeare but above all, he would talk about world war ii. So i knew about the battle