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
, pilotsblems for boeing say they have Software Issues with other planes in the fleet. We are live here in osaka for the first way of the g20 summit here. Is big elephant in the room trade talks between President Trump and president xi on saturday, but before that, a busy day for President Trump. He just met with shinzo abe. Now, in trilateral talks as well. Those two countries have been criticized by President Trump when it comes to trade. And as a packed agenda you say, we saw President Trump sitting down with Prime Minister abe and prior to that, president xi. Also, they did highlight some of the concerns, island building by the chinese and some other tray concerns as well. Lets get you uptodate with some of the Market Action we have had self are. A midsectiong at in asia, most ending the session in green, but of course, holding back one would assume ahead of , the asiapacific pretty much flat. In terms of the futures, you are looking at a bit of positivity there, hans on teachers a
The United States has basically shot itself in the foot. Conversations about the Global Economy from the g7 finance meeting. I think we need to be thinking about what happens, if there is more than a showdown. You need a country that had fiscal space to simulate stimulate their economies. Welcome im abigail doolittle. Your weekly review of the most important Business News, analysis and interviews from , Bloomberg Television around the world. Lets start with a day by day look at the top headlines. On monday, investors divested a slew of Economic Data from china. Chinas economy is continuing to slow with sluggish domestic output and trade tensions pulling growth down to the weakest pace since early 1990s. Gdp grew 6. 2 , matching estimates, but below the 6. 4 theme in the previous quarters. How bad is it . It is slowing on a quarterly basis. The take away from today is the activity numbers for june. We saw a pickup on the retail side of things, industrial output all headed in the right d
United states has shot itself the in the foot. Conversations about the Global Economy from the g7 finance meeting. We need to be thinking about what happens if there is more than a slowdown. You now need countries that have the fiscal space to stimulate their economies. Abigail its all straight ahead on bloomberg best. Hello and welcome. Im abigail doolittle. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. On monday, investors digested a slow Economic Data that came out over the weekend from china. Chinas economy continues to slow with sluggish domestic output and trade tensions pulling gross down since the early 1990s. Gdp grew 6. 2 , matching estimates. How bad is it . Its slowing on a quarterly basis and the takeaway is the activity numbers for june that picked up in retail sales will stop also fixed Asset Investments all headed
Among 47di arabia is Member States in the council. Expected to present her report formally to the council tomorrow. The saudi investigation is entitled to give a reply. Of middle east Oil Shipments is skyrocketing. Bloomberg has learned premiums for oil cargo from the persian can now cost upwards of 500,000. It is more than 10 times what it was earlier this year. Six oil and fuel tankers have been attacked in the region since early last month. Says britain must leave the European Union by october 31, come hell or high water. But his competition to become the next u. K. Prime minister is rejecting this approach. Jeremy hunt today called johnsons demand a fake deadline. Hunt says the eu will not return to the negotiating table unless the next british leader can prove he has Parliamentary Support for a revised frexit plan. President trump has picked stephanie greshams shoe service annexed White House Press secretary. She will replace Sarah Huckabee sanders. Serving as a spokeswoman for th