U. S. Trading after west texas futures end in negative territory for the first time ever. Ups sees some light at the end of the virus tunnel. The ceo tells us ecommerce is almost thriving compared to traditional sectors. Lets take a look at the oil lets get to sophie kamaruddin, who is taking a look at highlights for us in hong kong. Sophie the relative resiliency of the markets we have seen of late have brought several benchmarks in the region of asia into bull market territory. That will be tested in the face of this oil rout. Futures. Eing mixed nikkei futures in chicago while kiwi stocks are extending mondays drop. Lets switch up the board to check in on signaling perhaps the recent optimism and equities may be unwarranted and this money, gold resuming losses but still closer to its high of the year than it slows that were hit in february and treasury futures are now unchanged after we saw the u. S. 10 year yield with alltime lows on monday and the dollar little changed as well wit
In europe. European stocks hitting a 20 bounce up from the bear market in 2020. A little bit of selling on the bond market as growth questions continue and Oil Takes Another leg lower. Lets get right to the bank numbers. Jp morgan shares up by about 2 . They reported blowout fixed income and trading revenue. With us now is Alison Williams is sonali basak. Sonali provisions for loan losses are really skyrocketing here, more than 8 billion expected. A lot of it is coming from the consumer business, where those provisions are more than 5 billion. On the other end of the loan but, we are expecting lower Net Interest Income this year. Also, as one would expect with lower interest rates, that would come into about 55 billion, lower than the 57 billion dollars initially estimated. On the bright side, we saw Net Interest Income for the quarter come in pretty healthy, and fixed income revenue beat by almost 1 billion. Trading was able to hold up. The question is, wasnt able to hold up well in a
To him for you to santos for our top story today we turn to iraq where tensions have reached a new highs between the United States and iran earlier this year washington and tehran came dangerously close to a war in iraq after washington assassinated irans top general costs and still the money claiming hed been plotting attacks on americans in the region well all 3 countries currently face the coronavirus pandemic the conflict has not slowed down with the rest of the world a series of new attacks have taken place in recent weeks and President Donald Trump is now accusing iran of planning a sneak attack on u. S. Bases in iraq citing unspecified intelligence during a press conference the president said he had very good information that the Group Planning the attack with hezbollah stating quote it was led by iran not necessarily iran but by groups supported by iran but that to me is iran is. Iranian foreign minister zarif responded in a tweet quote dont be misled by usual warmongers again
Have reached a new highs between the United States and iran earlier this year washington and tehran came dangerously close to a war in iraq after washington assassinated irans top general qassam cilla monny claiming hed been plotting attacks on americans in the region well all 3 countries currently face the coronavirus pandemic the conflict has not slowed down with the rest of the world a series of new attacks have taken place in recent weeks and President Donald Trump is now accusing iran of planning a sneak attack on u. S. Bases in iraq citing unspecified intelligence during a press conference the president said he had very good information that the Group Planning the attack with hezbollah stating quote it was led by iran not necessarily iran but by groups supported by iran but that to me is iran Iranian Foreign minister zarif responded in a tweet quote dont be. Misled by usual warmongers again unlike the us which 3rd petition if we live cheap in a fascinate iran only act in self def
Where some of the money in the bill will go. We will talk about it. We will also have a live report from the hill and instant reaction from texas congressman chip roy. Plus get expert Market Analysis from our very own Charles Payne. He will be calling in in a few minutes. He says this week has been in his words, charles says impressive. Get ready to hear the story of one florida mayor who is donating his entire salary to his residents. He wants to keep his city going. We have more good news in these uncertain times. All of that and a lot more coming up on making money. Cheryl breaking news, the massive 2 trillion dollars coronavirus stimulus package is on its way to the president , after a dramatic debate on the house floor today. Republican congressman Thomas Massey of kentucky tried his best to force a roll call vote so that basically his colleagues were on the record with their votes, but it passed in spite of him. Hillary vaughan is joining me from capitol hill with the latest. Wha