Lisa but interestingly, they also took down their loan loss estimate, so that basically speaks to the strong consumer. The question is if wall street revenues dont pick up and trading volumes dont pick up, will it be enough to have a strong consumer to drive Bank Earnings Going Forward . David it is not just jp morgan. It is also Johnson Johnson. We got earnings from them, and they beat on earningspershare and revenue. 2. 58,spershare was revenue was 22 billion. It was driven by pharmaceuticals, but most of the queries will be about the legal complications from opioids and talchis asbestos in allegation. Lisa it will be interesting how they frame that. David we will have more on j js earnings later this hour with joseph wolk, Johnson Johnsons cfo. Climbing a little bit. The dollar getting a bid, and to year yields up just a basis point. David at 7 30 this morning, Goldman Sachs reports secondquarter earnings, followed by wells fargo at 8 00. At 8 30, the u. S. Releases retail Sales Num
Hearing over cripper to currency planned by facebook, getting panned by the likes of the president and fed chair jerome powell. Well go to capitol hill for that and so much more on making money. Charles facebook welcomed with not so open arms in capitol hill. Senators making their displeasure with the company on a grilling of libra cryptocurrency. Ebb wardlaw recognize live in washington with more. Edward . Reporter senators were very concerned about facebooks past problems, now their plans to lawn of the cryptocurrency called libra. I dont think for a minute that facebook created hate but we know that their competing missions of connecting people and turning a profit creating an algorithm and a Business Model that intensified it. The head of colibra david marcus defending what facebook has done with privacy breaches, selling customers data and slow to react to russian agents trying to affect the election. Why in the world should facebook of all Companies Given the last couple of years
Facebook and apple grilled by lawmakers. How these last few days have shaped Silicon Valleys future. Moon choose to go to the and these other things not because they are easy, but because they are hard. Emily and we mark the 50th anniversary of the first moon landing. I speak with the captain for moonshot on nasas legacy and why we should not be going to mars. First, to our top story, what else but big tech earnings . Shares of microsoft jumping after strong fourthquarter results thursday. The tech giant has benefited from ongoing strength in the Cloud Computing as your business. And microsoft has extended its lead over amazon, apple, and alphabet for the title of worlds most valuable company. Joining us to discuss, ross gerber, and bloomberg opinions shira ovide. Ross, what is your take . Ross what great numbers. Talk about a Mature Company showing it is still a growth company, and how great the been, fromchange has ballmer to know della. Tohas been an amazing shift the positive for m
Little love for libra. To take onzon plans its new highend echo speaker. Begin with that fresh facebook news. The ftc has approved a privacy settlement with the social media giant, fining facebook about 5 billion. This marks the most significant axiom yet against facebook over a series and send the company reeling from one crisis to another. I want to bring in kurt waggoner, who covers facebook for us. He joins us on the phone. In washington we have naomi, who covers corporate influence. We know about the amount of the fine, tell us more about any other Additional Details that will be coming along in the settlement . That is the key. Facebook had said i believed it was in april they set aside 3 billion for this very purpose and the fine could be up to 5 billion. This was something the company was prepared to handle. Made 56 billion in revenue. The additional will be the details on whether or not any agreement includes something that could limit the Data Collection the company has or an
With xi jinping at the g20 summit in japan. The leaders agreed that there will be no more new tariffs at least for now and the talks will continue. President trump also making history during his asia trip over the weekend, becoming the first sitting president ever to set foot in north korea. He met with kim jongun at the dmz. The two sides agreed to restart nuclear talks. Weve got a lot to go at this morning, including new developments out of hong kong and iran. Varney company starts right now. David more protests in hong kong. Lets take a live look at whats going on there right now. They broke into government headquarters. Susan, whats this all about . Susan its interesting that the chinese president xi jinping, as he was meeting President Trump at the g20 on the sidelines, he probably had some other issues in mind including the ongoing protests in hong kong. These protesters have been ramming and making shall we say they have been looking at headquarters, trying to get in, a makeshif